Target is trying to woo new parents and win back lapsed customers starting with the baby aisle.
CNBC's Melissa Repko explains.
Find the full report at the link in bio.
American consumers have been pessimistic for so long that now economists are wondering when — or even if — households will ever feel financially better off.
The University of Michigan Surveys of Consumers, a closely-watched bellwether, hit all-time lows in May, according to a preliminary reading released last week. That is just one of several consumer opinion surveys showing Americans have never regained confidence in the U.S. economy since the Covid-19 pandemic struck more than six years ago.
Learn more at the link in bio.
Congress is trying to come up with more money to give the aging national parks a facelift in honor of the country’s 250th birthday this year. President Donald Trump talks about the importance of federal facilities looking good, while his budget proposal slashed funding for the National Park Service.
Republican lawmakers are searching for revenue sources including establishing tolls on federally operated roads in the Washington area used daily by tens of thousands of commuters and by hiking fees to visit national parks for visitors from outside the U.S.
Democrats say putting tolls on roads that intersect with the Capital Beltway is an untenable solution and that finding new money to fund park overhauls is not necessary since it’s already the government’s responsibility to maintain the parks.
Read more at the link in bio.
President Donald Trump scooped up shares of artificial intelligence software maker Palantir weeks before he famously lauded the stock, with its ticker symbol, on his social media platform Truth Social, according to records released this week by the U.S. Office of Government Ethics.
The records show thousands of transactions during the first quarter totaling hundreds of millions of dollars, with each trade listed as a price range.
Tap the link in bio for more details.
As one of the nation’s top economic policymakers, Jerome Powell guided the Federal Reserve through the coronavirus crisis and political efforts to reduce central bank independence.
Experts say Powell may best be remembered for presiding over the sharpest uptick inflation in a generation. Others note his role in upholding the U.S.' position as a world-leading economy. CNBC’s Steve Liesman, Jeff Cox and Matt Peterson report.
Read CNBC's full analysis at the link in bio.
China and the United States have provided critical support to the oil market and helped ease the huge supply disruption in the Middle East and kept energy prices from surging even higher.
The oil market has lost about 10 million barrels per day (bpd) of exports from the Persian Gulf due to Iran’s blockade of the Strait of Hormuz, according to the International Energy Agency’s latest update this week.
Read the full story at the link in bio.
China is eager to “help” peace negotiations between Washington and Tehran, U.S. President Donald Trump said Thursday, as he concluded a two-day presidential summit in Beijing.
In an interview with Fox News on Thursday, Trump said that his Chinese counterpart, Xi Jinping, had ruled out sending military assistance to forces in Iran, but that he had offered diplomatic help.
“He’d like to see Hormuz Strait opened,” Trump said, adding that Xi said China was ready to assist efforts to bring the war to an end.
Read more at the link in bio.
BREAKING: President Donald Trump said Friday that he refused to directly answer Chinese President Xi Jinping when asked if the United States would defend Taiwan if it were attacked by China.
Read more at the link in bio.
Nearly $2 billion worth of art will come up for auction in New York over the next week, marking the biggest test of the art market since the start of the Iran war.
The major auction houses are counting on blockbuster works from famed collections to carry the market past the gloom of geopolitical conflict and volatile financial markets. Despite growing fears of a slowing global economy and a potential lack of buyers from the Middle East, dealers and art experts say the rapid rebound in the art market that began last fall shows no signs of slowing.
See which artworks are up for auction at the link our bio.
Even with recent inflation news universally bad, Treasury Secretary Scott Bessent expects price pressures to ease soon, just in time for the new Federal Reserve chair to take over.
Speaking Thursday to CNBC, Bessent said the energy-fed inflation surge recently is likely to reverse as the U.S. is “going to keep pumping” oil, easing the supply shock from the Iran war.
Read more from Bessent at the link in bio.
President Donald Trump told Fox News that China has agreed to buy 200 Boeing jets, according to a clip that aired Thursday.
“One thing he agreed to today, he’s going to order 200 jets. That’s a big thing. Boeings,” Trump told Fox News’ Sean Hannity, referring to Chinese President Xi Jinping.
Full details: Link in bio.
