The expected inflation rate a year from now is 2.3%, according to the New York Fed’s survey of consumer expectations released this week. Fed officials consider a bit of inflation good for the economy as it represents rising living standards. Evans wants Fed to ‘be aggressive’Some central bank leaders have been pushing for a more active approach. “It is very difficult to generate inflation in the current environment,” Chicago Fed President Charles Evans said during a talk Wednesday in New York at

President Donald Trump and China’s President Xi Jinping chat as they walk along the front patio of the Mar-a-Lago estate after a bilateral meeting in Palm Beach, Florida, U.S., April 7, 2017. Carlos Barria | ReutersEver since President Donald Trump said he and President Xi Jinping would meet to sign a trade deal, Wall Street has been hanging on every speculative word about where and when that signing might take place. Hogan said investors want to see a phase one deal that stops the escalation of

The DOJ’s antitrust chief confirmed that he talks to TrumpDelrahim, the assistant attorney general for the DOJ’s antitrust division, discussed his relationship with Trump on stage at The New York Times DealBook Conference on Wednesday.

California has been investigating Facebook for 18 monthsNew court documents filed Wednesday give the first look into the state of California’s 18-month-long investigation into Facebook’s privacy dealings. In those documents, California State Attorney General Xavier Becerra says Facebook has failed to comply with its subpoenas for more information in the state’s ongoing privacy investigation. CNBC’s Julia Boorstin reports.

According to the Kaiser Family Foundation, 27% of people in Kentucky are insured through Medicaid, the federal health insurance program for the poor. Bevin’s administration forecast that 95,000 of the 400,000 Kentuckians on Medicaid would lose coverage if the requirement were implemented. Kentucky Gov.-elect Andy Beshear pledged Wednesday to immediately rescind the state’s Medicaid work requirement, a controversial measure backed by the Trump administration that requires people to have work or j

Presidential candidate Sen. Kamala Harris, D-Calif., introduced a bill Wednesday that would lengthen the school day to 6 p.m. to better align with working parents’ schedules. The proposal, first reported by Mother Jones, calls for a three-hour extension of elementary school hours during weekdays and appoints money for the creation of summer programs and activities when school is not in session. “My mother raised my sister and me while working demanding, long hours,” Harris said in a press releas

The IRS released the federal tax rates and income brackets for 2020 on Wednesday. The seven tax rates remain unchanged, while the income limits have been adjusted for inflation. Tax rates in the U.S. are marginal, meaning that different levels of the same person’s income are taxed at different rates. The 2020 tax brackets affect the taxes that will be filed in 2021. Here are the new brackets for 2020, depending on your income and filing status.

A cache of leaked Facebook documents shows how the company’s CEO, Mark Zuckerberg, oversaw plans to consolidate the social network’s power and control competitors by treating its users’ data as a bargaining chip. Taken together, they show how Zuckerberg, along with his board and management team, found ways to tap Facebook users’ data — including information about friends, relationships and photos — as leverage over the companies it partnered with. In some cases, Facebook would reward partners by

DealBook 2019: Makan Delrahim, Assistant Attorney General for the Antitrust Division of the U.S. Department of Justice 191106The Justice Department’s antitrust chief, Makan Delrahim, confirmed that he has spoken with President Donald Trump, but said the president doesn’t call him up directly to discuss topics like the department’s controversial effort to block AT&T’s acquisition of Time Warner. Delrahim, the assistant attorney general for the DOJ’s antitrust division, discussed his relationship

Airbnb is pushing out several new safety features in the wake of a shooting that killed five people at one of its bookings, CEO Brian Chesky announced Wednesday. The changes come after the Halloween night shooting at a so-called “party house” in Orinda, California, that was rented through Airbnb. He said he couldn’t comment on direct listing, but added that “we don’t need to raise new money.” Several other tech companies, including Slack and Spotify, have recently pursued direct listings, forgoi

Uber CEO Dara Khosrowshahi defended the ride-hailing company’s business Wednesday as its stock continues to tumble and it faces growing investor skepticism around its massive losses. “We are very, very, very different from WeWork,” Khosrowshahi said. On stage, Khosrowshahi acknowledged that Uber has felt the effects of a reckoning among public and private investors, wherein the “appetite for the unknown and high risk has gone down.” He added that the core ride-hailing business essentially functi

SoftBank CEO Masayoshi Son won’t call WeWork a rescue, saying instead that the latest financing allowed his company to dramatically reduce the average share price it paid for the coworking company. SoftBank will make “no investment for the purpose of rescue,” Son told investors on Wednesday, after the Japanese conglomerate reported its first quarterly loss in 14 years. SoftBank recorded a 374.7 billion yen ($3.4 billion) writedown on its WeWork investment about two weeks after taking 80% control

Tesla CEO Elon Musk on Wednesday said Tesla will unveil the Cybertruck, its pickup truck on Nov. 21 in Los Angeles. Musk has teased the pickup truck before. Tesla currently sells three vehicles: the Model S and Model 3 sedans and the Model X sport utility vehicle. Musk said that Tesla is ahead of schedule on the Model Y crossover, due next summer. Correction: Tesla CEO Elon Musk on Wednesday said Tesla will unveil the Cybertruck on Nov. 21 in Los Angeles.

New court documents filed Wednesday give the first look into the state of California’s 18-month-long investigation into Facebook’s privacy dealings. In those documents, California State Attorney General Xavier Becerra says Facebook has been “dragging its feet” by failing to comply with subpoenas for more information related to the state’s ongoing privacy investigation into the company and Cambridge Analytica. It represents the first time the state has acknowledged the probe into Facebook, which

Pokémon Sword and Shield will let you access your Pokémon box from nearly anywhere, according to a new trailer that dropped this morning. Normally players have to head to a Pokémon Center to swap out their party, but in Sword and Shield, players will be able to switch out what Pokémon they have on them from “almost anywhere.” Candy will also be making an appearance in Sword and Shield. Both the candy system and the portable box system are nice quality-of-life improvements that were included in L

The newest DLC fighter has arrived in Super Smash Bros. Terry has a few unique moves, but his biggest strength becomes available once his damage goes above 100 percent. Patch 6.0 also includes the new King of Fighters stage as well as several new Mii costumes. While the patch is free to all Super Smash Bros. Ultimate players, Terry and the new King of Fighters stage must be purchased for $4.99 in Challenger Pack 4, or as part of the Fighters pass for $24.99.

Indie mobile game Holedown, the highly addictive and very cute planetary digging game, is coming to Nintendo Switch, developer Grapefrukt Games announced today. The Switch version will come with an exclusive new feature: two-player local cooperative play. If you’ve never played Holedown, the Android and iOS game has you shoot happy little smiling balls at blocks in an attempt to burrow deeper and deeper into a planet’s core. Related The best iOS and Android gamesThe two-player version will let e

He expects that will happen when the payment stock delivers quarterly earnings numbers after Wednesday’s market close. Based on the trading activity right now, Rosin sees Square shares moving 10% in either direction. “So, we’re using a call spread right now. According to Refinitiv, Wall Street expects Square to earn 20 cents a share on $596.4 million in revenue in the third quarter. “Momentum selling off has affected the payment names, Square in particular,” Rosin said.

Karen Finerman was a buyer of Facebook. Tim is on the advisory board of Green Organic Dutchman, Heaven, Kushco, Dionymed, Tikun Olam, CCTV, and Canndescent. Karen Finerman is long FB spread calls. Karen Finerman is long GOOG put spreads. Karen Finerman is long SPY puts.

Over 11,000 scientists have signed up to a declaration stating that the Earth is “facing a climate emergency.” Authored by a number of scientists from around the world, it paints a stark picture of how our planet is faring. The “climate crisis”, according to the authors, “has arrived and is accelerating faster than most scientists expected.” Published Tuesday, the paper comes 40 years after the First World Climate Conference, which took place in Geneva in 1979. The authors of the report highligh