New Federal Reserve governor Stephen Miran, who was nominated for his post by President Donald Trump last month, gave his views Friday in a TV interview. ...

Key Takeaways Mastercard projects U.S. holiday retail sales to rise 3.6% year over year between Nov. 1 and Dec. 24.Online sales are expected to climb 7.9%, while brick-and-mortar sales see a more modest 2.3% gain.Tariffs may raise costs for toys, apparel and decor, intensifying shoppers' price sensitivity this season.Mastercard Incorporated (MA) projects U.S. holiday retail sales (excluding autos) to rise 3.6% year over year between Nov. 1 and Dec. 24, 2025. That is a step down from the 4.1% gain recorded l ...

About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, ...

Inflation moderated off its peak in 2022, but it has begun to rise again in recent months, primarily due to the impact of tariffs on product prices. In addition, the Fed recently shifted to a dovishI am a chemical engineer with a MS in Food Technology and Economics, and a MENSA member. I am the author of the book "Investing in Stocks and Bonds: The Early Retirement Project" (2024):I am also the author of the book "Mental Math: How to perform math calculations in your mind".I am also the author of 2 other ma ...

Apple CEO Tim Cook said price hikes on the newest iPhone models aren't tied to President Donald Trump's sweeping tariff plans."There's no increase for tariffs in the prices to be totally clear," Cook told CNBC's Jim Cramer from Apple's Fifth Avenue store location in New York City, as the latest iPhone model launched in stores worldwide.It is one of the first instances in which Cook has decisively addressed tariffs in relation to iPhone prices.Earlier this month, Apple increased the price of its iPhone 17 Pr ...

In a new essay, Minneapolis Fed President Neil Qashqari says he sees two more rate cuts coming from the central bank this year. Steve Leeman uh joins uh us now with Mr. . Qashqari.Hey, Steve. And hey, Neil. >> Good morning.>> Thank you, Joe. Let's bring in Mr. . Kashkari, president of the Minneapolis Fed.Neil, let's talk about your um essay this morning, which is fascinating. And I just want to ask you uh first about one of the things that you say in your piece, which is that you're concerned that there cou ...

Artificial intelligence is the greatest investment opportunity of our lifetime. The time to invest in groundbreaking AI is now, and this stock is a steal! AI is eating the world—and the machines behind it are ravenous. Each ChatGPT query, each model update, each robotic breakthrough consumes massive amounts of energy. In fact, AI is already pushing global power grids to the brink. Wall Street is pouring hundreds of billions into artificial intelligence—training smarter chatbots, automating industries, and b ...

Broyhill Asset Management, an investment advisor, released its second-quarter 2025 investor letter. A copy of the letter can be downloaded here. Broyhill Partners appreciated 3.7% net of all fees and expenses in the second quarter, building on first-quarter gains, but falling short of the strong rally across global markets. The MSCI All Country World Index returned 11.7% for the second quarter. During the six months ended June 30, the strategy returned 6.6%, net of all fees and expenses, compared to 10.3% ...

Minneapolis Federal Reserve President Neel Kashkari said Friday that he expects President Donald Trump's tariffs to expert minimum long-term pressure on inflation, leaving room for multiple interest rate reductions ahead.In a CNBC interview, the central banker detailed reasons why he would like the Fed to lower its benchmark borrowing level at each of the remaining two meetings this year in addition to the one the Federal Open Market Committee approved Wednesday. The three total cuts is one more than he had ...

Macquarie Asset Management, an investment management company, released its “Macquarie Core Equity Fund” investor letter for the second quarter of 2025. A copy of the letter can be downloaded here. The US large-cap equity market surged in Q2 2025, with the S&P 500® Index rising 10.94%. The equity market’s strength was due to reduced concerns over the possibility of President Trump quickly imposing harsh tariffs. Later, the administration put a pause on the tariff implementation. In this environment, the Macq ...