Consumer confidence plunged to a record low in April as fears mounted over rising energy prices and the broader impact of the Iran war, according to a University of Michigan survey Friday.The university's headline index of consumer sentiment tumbled to 47.6, down 10.7% from the March survey to its lowest...
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Michael Burry says he’s still betting against Palantir after Trump post boosts stock
Michael Burry attends "The Big Short" New York premiere at the Ziegfeld Theater in New York, Nov. 23, 2015.Andrew Toth | Filmmagic | Getty ImagesMichael Burry is sticking with his bearish wager against Palantir Technologies, even after a public endorsement from President Donald Trump helped lift the stock.The investor of...
DOJ launches probe into NFL over media rights packages and antitrust concerns
The U.S. Department of Justice has opened an investigation into the NFL over potential anticompetitive tactics, a government official told CNBC. The investigation stems from questions about "affordability for consumers and creating an even playing field for providers," the official said. The government's investigation comes as the NFL is looking...
Trump Accounts put Robinhood in front of the next generation of investors, says CEO Vlad Tenev
Robinhood's new partnership with the U.S. Treasury Department on children's so-called Trump Accounts is going to drive exposure to the company among emerging investors, benefiting its future growth, according to Vlad Tenev.On Monday, the Treasury said it has selected Robinhood alongside BNY Mellon to help power Trump accounts – tax-deferred,...
Inflation held sticky at 3% as U.S. headed into war with Iran, key Fed gauge shows
Core inflation held above the Federal Reserve's target before the recent surge in energy prices, according to a key gauge released Thursday that offers the central bank a snapshot of conditions leading into the Iran war.The core personal consumption expenditures price index, which excludes food and energy, rose a seasonally...