A trader works, as a screen broadcasts a news conference by U.S. Federal Reserve Chair Jerome Powell following the Fed rate announcement, on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., April 29, 2026. Brendan McDermid | ReutersAs Federal Reserve Chair took the podium...
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SoFi CEO defends decision to hold guidance steady
Shares of SoFi plunged more than 15% Wednesday after the company declined to raise its full-year outlook — a move CEO Anthony Noto said reflects macro reality, not weakening fundamentals."We did not raise the full-year guidance because when we originally gave the full-year guidance, we were anticipating at least two...
Will rates go higher in Europe this week? Central banks confront stagflation threat
Mounted police officers sit in outside the Royal Exchange and the Bank of England in London on June 17, 2020.TOLGA AKMEN | AFP via Getty ImagesEurope's central banks are in focus this week as the European Central Bank and Bank of England release their latest monetary policy decisions against a...
New York’s pied-a-terre tax sets up legal fight over values
WEEHAWKEN, NJ - OCTOBER 5: The sun rises behind buildings along Billionaire's Row in New York City on October 5, 2025, as seen from Weehawken, New Jersey. (Photo by Gary Hershorn/Getty Images)Gary Hershorn | Corbis News | Getty ImagesA version of this article first appeared in CNBC's Inside Wealth newsletter...
Forgotten no more: Generation X is driving beauty sales
Ryan Mckeever | E+ | Getty ImagesMove over, Sephora kids. While younger generations have been buying beauty products in droves, data shows that a different generation holds more spending power: Generation X.Often dubbed the "forgotten generation," Gen X spans those born between 1965 and 1980, according to Pew Research Center....