US justice department launches criminal investigation into Trump accuser E Jean Carroll, reports say
The case centres on whether the former columnist lied about the funding she received for her civil lawsuit against the US president. Source link
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Core inflation hit an annual rate of 3.3% in April, as expected, Fed’s preferred gauge shows
A customer shops at Handy Market on May 14, 2026 in Burbank, California. Justin Sullivan | Getty Images Inflation continued to hit consumer wallets in April, likely keeping the Federal Reserve on the sidelines until the current wave subsides, fresh pricing data released Thursday showed. The personal consumption expenditures price index increased a seasonally adjusted…
Average 401(k) balances fall due to market volatility
Financial pressures pushed more savers to tap their retirement accounts in the first part of 2026, new data shows — potentially locking in losses during the early weeks of the Iran war. Amid severe market volatility earlier this year, the average 401(k) balance fell by 4% to $141,000, according to first-quarter data released Thursday from Fidelity Investments, the…
5 things to know before the market opens Thursday
This is CNBC’s Morning Squawk newsletter. Subscribe here to receive future editions in your inbox. Happy Thursday. If you’re attending CNBC Pro Live tonight at the Nasdaq MarketSite, look out for me at the cocktail hour. Stock futures are lower this morning after all three major averages eked out gains yesterday. Here are five key things investors…
Monthly auto loan payments above $1,000 are growing
In a country where big trucks are a big deal, those pickups and SUVs represent a big percentage of auto loans that come with a sizable monthly payment, more than $1,000 a month, according to new data. Experian Automotive’s analysis of more than 5 million open auto loans and leases in the first quarter shows…
India’s oldest continuously inhabited cities and how to reach here
Hugging a crescent-shaped bend of the river Ganga, Varanasi easily claims the title of one of the oldest continually lived-in cities on earth. Whether you call it Kashi, Banaras, or Varanasi, this place has been the heartbeat of trade, religion, and learning for well over 3,000 years. To Hindus, this is Shiva’s territory. It’s a…
New Video Shows Devastation After Chemical Plant Implosion
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EU fines Temu €200m for allowing sale of illegal products
The investigation involved a mystery shopping exercise carried out by an independent testing organisation, which found that a high percentage of chargers purchased through Temu failed basic electrical safety tests. It also found that a high proportion of baby toys posed safety risks, containing chemicals above legal limits or featuring small detachable parts that presented…
Trump Accounts app launches — here’s how to get started
President Donald Trump onstage at the Treasury Department’s Trump Accounts Summit, in Washington, Jan. 28, 2026. Kevin Lamarque | Reuters Families can now download the Trump Accounts app — a key next step in the launch of the investing accounts for children that could include seed money of up to $1,000. The app’s debut on…
Ro Khanna takes economic message on the road. Will it lead to White House?
U.S. Rep. Ro Khanna visits Ultium Cells, an electric vehicle battery manufacturing plant in Warren, Ohio. Garrett Downs | CNBC PENNSYLVANIA, OHIO and MICHIGAN — U.S. Rep. Ro Khanna was riding shotgun in a black Chevrolet Suburban hurtling down an Ohio highway. His mind was on the economy. “I do think I have the right…