As Americans’ debt grows, recession fears are refueled and the Fed grapples with the pressure to cut rates, “Bond King” Jeffrey Gundlach shares his grim take on the economy’s obstacles. “I think the data that’s come out is quite concerning over the past week,” the DoubleLine Capital CEO and founder…

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The Biden-Harris administration recently announced a finalized retirement rule that will help individuals save for retirement. The Retirement Security Rule updates the definition of fiduciary, a financial manager that follows a certain code of ethics. The amended definition requires financial managers to have set policies that guide them in advising…

Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Taking a breather: The major averages are bouncing around the flat line in afternoon trading as investors look ahead to Friday’s…

While inflation is showing signs of easing, consumers in the country may still be feeling its effects for quite some time, according to Joel Anderson, CEO of discount retailer Five Below. The executive sees underperformance particularly in the lower-income demographic.”The lower-end customer is really being stretched,” Anderson said on an…

American households want the biggest bang for their buck right now when they pull their wallets out to shop. That doesn’t mean they want something cheap all the time. They’ve been paying more for goods and services for a while because of higher inflation that stubbornly stuck around. What’s also…

A man eating a chocolate bar. As an analyst, there is nothing more exciting than covering businesses that I view to be of the utmost quality. As far as I’m concerned, that’s the name of the game as a dividend growth investor. When considering prospective investments, there are a few…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.The European Central Bank has cut interest rates for the first time in almost five years, but warned that future reductions would depend on price pressures easing further.Thursday’s quarter-point cut to 3.75…

A federal judge ordered Steve Bannon to report to prison by July 1 and serve four months for his 2022 conviction of contempt of Congress after failing to provide documents and testimony to the House Select Committee that investigated the January 6, 2021, US Capitol attack. Read the full article here

By Stephen Nellis and Dawn Chmielewski (Reuters) -Apple’s Vision Pro could upend how people watch television at home and how they use computers at work, potentially positioning the headset to be a successor to both traditional television and the Mac. The $3,500 headset, which blends three-dimensional digital content with a…