Inflationary pressures may have induced the recent market selloff, but Fundstrat's Tom Lee believes that equities could still end the year higher. In fact, the firm's head of research believes that investors may be putting too much weight into the recent economic data releases showing inflation above economists' expectations. "The narrative got muddled because that CPI report was a disappointment. But it was driven by what we'd call stubborn components," he said on CNBC's " Closing Bell " on Friday afternoon. "Inflation is normalizing, it's just not evident in the...

Divorce at any age isn't easy, but when it occurs later in life, spousal separation can present some unique challenges, particularly financially. As the rate of gray divorce — defined as divorce that occurs later in life between older adults — ticks up, those challenges are becoming more readily apparent. "Both partners see their wealth decline by half" on the heels of a divorce later in life, said , based on a recent report by researchers at Bowling Green State University in Ohio. However, the impact on standard of living...

A robot prepares to pick up a tote containing product at the Amazon Robotics fulfillment center on April 12, 2019 in Orlando, Florida. A top Amazon executive told CNBC Thursday that it's a "myth" that robots and other technologies take jobs away from people. Stefano La Rovere, director of global robotics, mechatronics, and sustainable packaging at Amazon, said that, rather than replacing jobs, advanced robotics, artificial intelligence, and other technologies are enhancing people's roles. He added that new technology is leading to the creation of entirely new job categories. "It...

Businesses should continue to focus on China and explore opportunities to expand their presence in the world's second-largest economy, Singapore Minister for Trade and Industry Gan Kim Yong said Friday. China had briefly entered deflation territory late last year, and is still struggling with a debt-laden real estate sector. Ratings agency Fitch cut its outlook on China's sovereign credit rating to negative on Wednesday, following a similar move by Moody's in December. Fitch citied risks to public finances as the economy faces increasing uncertainty in its shift to new growth...

The Economic Development Partnership of North Carolina released its 2023 annual report on March 28, emphasizing the state's continued economic growth, international investment and the tourism industry's success in the state. For the second consecutive year, CNBC declared North Carolina as America’s Top State for Business in 2023 — one of the report's main highlights. CNBC also ranked North Carolina as having the leading workforce in the country. In a message included in the report, Gov. Roy Cooper applauded North Carolina for once again being recognized as a “premier destination...