An important gauge for the Federal Reserve showed inflation eased slightly from a year ago in June, helping to open the way for a widely anticipated September interest rate cut.The personal consumption expenditures price index increased 0.1% on the month and was up 2.5% from a year ago, in line with Dow Jones estimates, the Commerce Department reported Friday. The year-over-year gain in May was 2.6%, while the monthly measure was unchanged.Fed officials use the…

For Frank Cappelleri, technical analysis — reading charts to identify patterns in stocks and other assets — is not an art or a science. “It’s both.” That’s because, “I can look at an indicator and use a different way that someone else does,” Cappelleri, the founder and president of CappThesis, told CNBC’s Senior Markets Correspondent Dominic Chu in this special Pro Talks discussion available to all readers above. (Pro subscribers can watch the full interview,…

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iJeab / Shutterstock.com“Why should we hire you?” sounds straightforward, but in reality, it’s one of the trickiest interview questions. Moreover, any interview is really about this one thing — why would you be a good fit for this position? Read on to find out how to answer the “Why should we hire you?” question correctly, once and for all. This guide will show you: Learn how to tackle the “Why should we hire… Read the…

Entrepreneur Now you may be feeling a bit nervous about offering your very first paid product. You’re thinking, “What if no one buys it? What if I mess something up? Will people think my product is any good?” I promise those are all normal feelings to have. But I’m here to tell you that offering that first paid thing does not have to be scary. There is a secret to doing it right and having…

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The head of one of the world’s biggest hedge funds says artificial intelligence systems are unlikely to replace traders anytime soon. London-based Man Group, whose assets under management hit an all-time high of $178.2 billion during the first six months of the year, makes its money by charging investors management and performance fees. That figure climbed by 54% between 2018 and 2023, even as the firm’s average number of employees rose by just 30% —…

Finding a new job is getting harder.  Last month, the unemployment rate ticked up to 4.1%, the first time it has crossed above 4% since 2021.Fewer people are quitting their jobs, and recent college graduates are having a hard time breaking into the market.Hiring might have fallen beneath its pre-pandemic levels, but there are still dozens of jobs companies are desperate to fill, according to new research from Indeed.The job search site analyzed hundreds of thousands…

10 things to watch on Friday, July 26 1. The S & P 500 and Nasdaq were headed for higher opens Friday after the Federal Reserve’s favorite inflation gauge, the core PCE price index, matched estimates. Both stock measures were tracking lower for the week, with Wednesday’s worst session since 2022 accounting for the bulk of the losses in the recent rotation out of tech shares. Megacap tech earnings Part 2 comes next week. 2.…

An inflation measure closely watched by the Federal Reserve eased slightly in June, even as high prices continued to weigh on millions of Americans. The personal consumption expenditures (PCE) index showed that consumer prices rose 0.1% from the previous month, according to the Labor Department. On an annual basis, prices climbed 2.5% – down slightly from the 2.6% reading recorded the previous month. The figures were both in line with estimates from economists surveyed by LSEG.…