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☆ Businesses add $90 billion in surprise 'junk fees' each year, and it's starting to backfire
▼ + stars: | 2024-05-08 | by ( Thibault Spirlet | ) www.businessinsider.com time to read: +3 min

Businesses are adding $90 billion in fees to consumer's bills each year, according to one estimate. US consumers spend more than $650 a year per household on "junk fees," per the CEA. AdvertisementBusinesses are adding $90 billion in surprise "junk fees" to customers' bills each year — and it is starting to backfire. Junk fees are hidden costs that are added to product prices. Last June, President Joe Biden said his administration had taken steps to crack down on junk fees.

Persons: —, Noelle Weaver, Bradley Walker, Walker, Merrilee Bridgeman, Joe Biden Organizations: Service, White House Council, Economic Advisers, National Bureau of Economic Research, Wall Street, Democratic Locations: New Orleans, Charlotte , North Carolina

☆ Former CEA Chair Glenn Hubbard: We're potentially on the cusp of a growth miracle with productivity
▼ + stars: | 2024-05-06 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFormer CEA Chair Glenn Hubbard: We're potentially on the cusp of a growth miracle with productivityGlenn Hubbard, Columbia University professor of economics and finance and former CEA chair, joins 'Squawk Box' to discuss the importance of growth and productivity in the economy, why he believes growth should be front and center on the campaign trail in the 2024 presidential election, the Fed's inflation fight, the rise of college campus protests, and more.

Persons: Glenn Hubbard, We're Organizations: Columbia University, CEA

☆ An 'artificial sun' achieved a record-breaking fusion experiment, bringing us closer to clean, limitless energy
▼ + stars: | 2024-05-06 | by ( Jenny Mcgrath | ) www.businessinsider.com time to read: +8 min

A fusion reactor in southern France achieved a significant milestone toward clean, limitless energy. The fusion reactor, WEST, created a super-hot plasma and sustained it for a record-breaking 6 minutes. AdvertisementA fusion reactor in southern France, called WEST, just achieved an important milestone that brings us one step closer to clean, sustainable, nearly limitless energy. Fusion energy is more powerful than any form of energy we have today. Commercial fusion energy is still likely decades away, but Delgado-Aparicio thinks they're making steps toward "this big goal of giving energy to humankind."

Persons: —, Luis Delgado, Aparicio, PPPL's, they're, Roux, it's, Delgado, PPPL, Julian Stratenschulte, Tullio Barbui, Novimir Pablant, Delgadot, KSTAR Organizations: WEST, Service, New, Princeton Plasma Physics, NASA Solar Dynamics, CEA, Roux WEST, Getty, Atomic Energy Commission, ITER, Commonwealth Fusion Systems, SPARC Locations: France, Princeton, French

☆ Jason Furman on the case against student loan relief: We have an economy that hasn't landed softly
▼ + stars: | 2024-04-24 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailJason Furman on the case against student loan relief: We have an economy that hasn't landed softlyJason Furman, Harvard’s Kennedy School of Government economics professor and former CEA chairman, joins 'Squawk Box' to discuss why he's against the Biden administration's student loan forgiveness proposal, why he believes the plan is poorly targeted and will make inflation worse, President Biden's budget proposal, FTC's ban on noncompete clauses, the Fed's interest rate outlook, and more.

Persons: Jason Furman, Biden's Organizations: Harvard’s Kennedy School of Government, Biden

☆ Pres. Biden recognizes the importance of investing in American manufacturing: CEA chair Bernstein
▼ + stars: | 2024-04-17 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailPres. Biden recognizes the importance of investing in American manufacturing: CEA chair BernsteinJared Bernstein, President Biden’s Council of Economic Advisers chair, joins 'Squawk Box' to discuss Biden administration's calls for tripling of tariffs on Chinese-made steel and aluminum, the potential inflationary impact of the tariffs, state of the U.S. economy, and more.

Persons: Pres, Biden, Bernstein Jared Bernstein Organizations: Biden’s, Economic Advisers Locations: U.S

☆ Researchers used the world's most powerful MRI to get brain scans that are 10 times as detailed as a hospital MRI — take a look
▼ + stars: | 2024-04-10 | by ( Jenny Mcgrath | ) www.businessinsider.com time to read: +3 min

French researchers used a powerful MRI machine to create detailed brain scans of about 20 people. AdvertisementResearchers have unveiled images of the human brain from the world's most powerful MRI, which could one day lead to breakthroughs in treating Alzheimer's, Parkinson's, and other diseases. AdvertisementA machine powerful enough to capture thousands of neuronsThe strength of MRI magnets is measured in a unit called Teslas. CEASuch detailed images could help researchers look for changes in the brain and learn new information about how the organ functions. Physicians at the Cleveland Clinic, for example, used a 7 Tesla MRI machine to find the location of a tiny lesion that was causing a patient's epileptic seizures.

Persons: —, Iseult, Alexandre Vignaud, France's, they're Organizations: Service, France's Atomic Energy, Agence France, University of California, France's Atomic Energy Commission, Duke University, Cleveland Clinic Locations: Alzheimer's, Berkeley

☆ The largest map of the cosmos hints that dark energy is changing. It could prove Einstein wrong and upend a pillar of modern physics.
▼ + stars: | 2024-04-05 | by ( Jessica Orwig | Morgan Mcfall-Johnsen | ) www.businessinsider.com time to read: +6 min

New data from the largest 3-D map of our universe suggests we may be wrong about dark energy. One of the driving forces behind that evolution is also one of our age's biggest mysteries in physics: dark energy. Einstein abandoned the idea as his "greatest blunder" in the 1930s, as astrophysicist Ethan Siegal explains, but a constant dark energy would have vindicated him. "If true, it would be the first real clue we have gotten about the nature of dark energy in 25 years," Adam Riess, a Nobel laureate for his co-discovery of dark energy, told Quanta Magazine. "The idea that dark energy is varying is very natural," Paul Steinhardt, a Princeton University cosmologist, told the magazine.

Persons: —, we're, Michael Levi, Levi, DESI, Marenfeld, Claire Lamman, Albert Einstein's, Einstein, Ethan Siegal, Albert Einstein, Ernst Haas, Adam Riess, Paul Steinhardt, Princeton University cosmologist, Riess, Vera C, Travis Lange, Jacqueline Ramseyer Orrell, NASA's Nancy Grace, Arnaud de Mattia, Mattia Organizations: Service, Lawrence Berkeley National Laboratory, American Physical Society, Princeton University, NASA, Rubin, Accelerator, Atomic Energy Commission Locations: Arizona, Princeton , New Jersey

☆ There's nothing in the data that will allow the Fed to cut rates in June, says Kevin Hassett
▼ + stars: | 2024-04-01 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThere's nothing in the data that will allow the Fed to cut rates in June, says Kevin HassettKevin Hassett, former CEA chair and Hoover Institution distinguished visiting fellow, joins 'Squawk Box' to discuss the state of the economy, why he believes the economic data is inconsistent with inflation being under control, the Fed's inflation fight, and more.

Persons: Kevin Hassett Kevin Hassett Organizations: CEA, Hoover Institution

☆ CEA Chair: One of the key concepts of Pres. Biden's budget is investing in the American people
▼ + stars: | 2024-03-14 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCEA Chair: One of the key concepts of Pres. Biden's budget is investing in the American peopleJared Bernstein, President Biden’s Council of Economic Advisers chair, joins 'Squawk Box' to discuss President Biden's $7.3 trillion budget plan, the potential impact on the federal deficit and taxes, state of the U.S. economy, and more.

Persons: Jared Bernstein, Biden's Organizations: Biden’s, Economic Advisers Locations: U.S

☆ Premarket stocks: Joe Biden’s top economic adviser isn’t worried about the latest inflation data
▼ + stars: | 2024-02-20 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +9 min

New York CNN —US markets broke a five-week winning streak last Friday after disappointing inflation data reignited economic and interest rate-related fears on Wall Street. Then last week, two key inflation indicators for January — the Consumer Price Index and Producer Price Index — rose above Wall Street expectations. Richmond Fed President Thomas Barkin said the new data showed that the Fed needs more confidence before cutting rates. I think in this case, the market isn’t necessarily telling you much about the economy’s fundamentals, the market is telling you what other market participants think. And I think that those economic fundamentals get you to the part that says, you know, it’s not not the economy.

Persons: Price, Thomas Barkin, Raphael Bostic, isn’t, Bell, Jared Bernstein, Joe Biden, I’m, they’re, It’s, it’s, Joe Weisenthal, Elisabeth Buchwald, Hanna Ziady, Liam Peach, ” Peach Organizations: CNN Business, Bell, New York CNN, Federal Reserve, Richmond Fed, White House Council, Economic Advisers, CPI, Apple, Google, Nvidia, Microsoft, Capital, Discover Financial Services, Discover, Hamas, Gross, Israel’s, Bureau, Statistics, Capital Economics Locations: New York

☆ CEA chair on jobs report: Good news for working families
▼ + stars: | 2024-02-02 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCEA chair on jobs report: Good news for working familiesJared Bernstein, Council of Economic Advisors chair, joins 'Money Movers' to discuss Friday's jobs report, the wage gains despite fewer hours worked, and whether inflation can reach the Fed's target with the current economic strength.

Persons: Jared Bernstein Organizations: Economic Advisors

☆ More than 12 million Americans are spending at least half their entire paycheck on rent, Harvard study says
▼ + stars: | 2024-01-25 | by ( Pete Syme | ) www.businessinsider.com time to read: +3 min

Over 12 million Americans spent more than half their income on rent and utilities in 2022, a Harvard study says. The study, by Harvard's Joint Center for Housing Studies, found a sharp rise in people spending large portions of their pay on rent. AdvertisementAn estimated 12.1 million Americans are spending more than half their income on rent and utilities, a study from Harvard's Joint Center for Housing Studies says. A chart showing the rising number of renters spending more than 50% of their income on rent. AdvertisementAre you a renter who spends a significant portion of your income on rent who would like to share your story?

Persons: — Organizations: Harvard, Harvard's, for Housing Studies, Service, Census Bureau, Joint Center for Housing Studies, Center for Housing Studies of Harvard, Cea Weaver, Justice, New York Times

☆ We have an economy that's continuing to defy expectations, says CEA Chair Jared Bernstein
▼ + stars: | 2024-01-22 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWe have an economy that's continuing to defy expectations, says CEA Chair Jared BernsteinJared Bernstein, White House Council of Advisers Chair, joins 'Squawk Box' to discuss the state of the economy, whether 'Bidenomics' is working, and more.

Persons: Jared Bernstein Jared Bernstein Organizations: White House Council

☆ The Fed will lose its political independence if it cuts rates prematurely, says Kevin Hassett
▼ + stars: | 2024-01-22 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe Fed will lose its political independence if it cuts rates prematurely, says Kevin HassettKevin Hassett, former CEA chair and Hoover Institution distinguished visiting fellow, joins 'Squawk Box' to discuss the Fed's rate decision, why he believes the central bank may cut rates prematurely under pressure from Federal Reserve staffers, and more.

Persons: Kevin Hassett Kevin Hassett Organizations: CEA, Hoover Institution, Federal Reserve

☆ A bipartisan group of lawmakers' plan to boost the child tax credit for parents would help 'hundreds of thousands of kids get out of poverty,' a top economic official says
▼ + stars: | 2024-01-17 | by ( Ayelet Sheffey | Juliana Kaplan | ) www.businessinsider.com time to read: +4 min

A bipartisan group of lawmakers proposed boosting the child tax credit for parents. The White House told BI that Biden is committed to fighting "for the full expanded Child Tax Credit." AdvertisementA bipartisan proposal to boost the child tax credit for parents appears like it might be on track to get the White House's stamp of approval. "We're very supportive of expanding the child tax credit," Bernstein said. "So, helping hundreds of thousands of kids get out of poverty, reaching 16 million kids with a more fair child tax credit, that sounds like a really smart idea to us."

Persons: Jared Bernstein, Biden, —, Ron Wyden, Jason Smith, Poppy Harlow, White, Bernstein, Joe Biden, hasn't, it's, Michael Kikukawa, Wyden, Smith's, Kikukawa, Democratic Sen, Sherrod Brown, GOP Sen, Mike Crapo Organizations: White House, Service, Democratic, Republican, Tax Relief, American Families and Workers, White House Council, Economic Advisers, American, Budget, Child, GOP

☆ CEA Chairman Jared Bernstein talks the Biden administration targeting bank overdraft fees
▼ + stars: | 2024-01-17 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCEA Chairman Jared Bernstein talks the Biden administration targeting bank overdraft feesJared Bernstein, Council of Economic Advisers chairman, joins 'Closing Bell Overtime' to talk the Biden administration targeting overdraft fees.

Persons: Jared Bernstein, Biden Organizations: Biden, Economic

☆ Zero knowledge proofs could 'fix the Internet' and make us all trust each other again, former Merck CIO says
▼ + stars: | 2024-01-10 | by ( Julie Bort | ) www.businessinsider.com time to read: +5 min

Read preview"I think we're at the cusp of changing the world," investor Clark Golestani said of a technology called Zero Knowledge Proofs. Golestani spent 24 years as a chief information officer at pharma giant Merck, before becoming a venture investor five years ago. He's an investor and board member of a startup named Toposware that hopes to embed ZKP security into its customers' everyday internet usage. It's a tech that Andreessen Horowitz crypto investor Michael Blau recently compared to a magician's trick. Toposware is developing a cloud service, a so-called "settlement layer" where companies can add its ZKP service to their networks.

Persons: —, Clark Golestani, Golestani, Theo Gauthier —, Taher Elgamal, Andreessen Horowitz, Michael Blau, Blau, Toposware, Gauthier Organizations: Service, pharma, Merck, Netscape Communications, Business, Stanford, CEA, French Atomic Energy Commission Locations: Toposware, Europe, United States

☆ Powell knows inflation is down 'but still way above where he wants it to be': Fmr. CEA Chair Furman
▼ + stars: | 2023-11-01 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailPowell knows inflation is down 'but still way above where he wants it to be': Fmr. CEA Chair FurmanJason Furman, Former Council of Economic Advisers Chair, 'Closing Bell Overtime' to talk today's FOMC meeting and the central banks decision to leave rates unchanged.

Persons: Powell, Furman Jason Furman Organizations: CEA, Furman, of Economic

☆ CEA Chair Jared Bernstein talks the White House pushing back on junk fees tied to retirement savings
▼ + stars: | 2023-10-31 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCEA Chair Jared Bernstein talks the White House pushing back on junk fees tied to retirement savingsJared Bernstein, Council of Economic Advisers Chairman, joins 'Closing Bell Overtime' to talk regulatory push back in junk fees for retirement savers.

Persons: Jared Bernstein Organizations: Economic

☆ Fmr. CEA chairman Jason Furman: Maybe what we're seeing here is labor supply, not labor demand
▼ + stars: | 2023-10-06 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFmr. CEA chairman Jason Furman: Maybe what we're seeing here is labor supply, not labor demandJason Furman, Harvard’s Kennedy School of Government professor and former CEA chairman under President Obama, Tyler Goodspeed, Cato Institute adjunct scholar and former acting CEA chair, Sair Malik, Nuveen CIO, and CNBC’s Steve Liesman, join 'Squawk Box' to break down the September jobs report.

Persons: Jason Furman, Obama, Tyler Goodspeed, Sair Malik, Steve Liesman Organizations: Harvard’s Kennedy School of Government, Cato

☆ The idea Bidenomics isn't working is 'completely belied by statistics': CEA Chair Jared Bernstein
▼ + stars: | 2023-10-02 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe idea Bidenomics isn't working is 'completely belied by statistics': CEA Chair Jared BernsteinJared Bernstein, chairman of President Biden’s Council of Economic Advisers, joins 'Squawk Box' to discuss the funding deal signed by President Biden to avoid a government shutdown, the state of the U.S. economy, and more.

Persons: Jared Bernstein Jared Bernstein, Biden Organizations: Biden’s, Economic Advisers Locations: U.S

☆ CEA Chair Jared Bernstein: A government shutdown is a 'completely unnecessary risk'
▼ + stars: | 2023-09-26 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCEA Chair Jared Bernstein: A government shutdown is a 'completely unnecessary risk'Jared Bernstein, Council of Economic Advisers chairman, joins 'Closing Bell Overtime' to talk a possible government shutdown, President Biden joining striking UAW members today and more.

Persons: Jared Bernstein, Biden Organizations: Economic, UAW

☆ The first thing the Fed needs to do is get inflation under control: Former CEA chair Jason Furman
▼ + stars: | 2023-09-26 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe first thing the Fed needs to do is get inflation under control: Former CEA chair Jason FurmanJason Furman, former CEA chairman under President Obama and Harvard Kennedy School economics professor, joins 'Squawk on the Street' to discuss his expectations for the government shutdown, a potential rating downgrade for the United States, and more.

Persons: Furman Jason Furman, Obama Organizations: Harvard Kennedy School Locations: United States

☆ Fed's higher for longer decision is due to unemployment data, not inflation: Fmr. CEA Chair Furman
▼ + stars: | 2023-09-20 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFed's higher for longer decision is due to unemployment data, not inflation: Fmr. CEA Chair FurmanJason Furman, Former Council of Economic Advisers Chair and Krishna Guha, Evercore ISI Vice Chairman, join 'Closing Bell Overtime' to talk the Fed's decision to leave interest rates unchanged this month.

Persons: Furman Jason Furman, Krishna Guha, Evercore Organizations: CEA, Furman, of Economic

☆ Auto strikes will have little effect on the economy: Fmr. Acting Secretary of Labor Seth Harris
▼ + stars: | 2023-09-14 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAuto strikes will have little effect on the economy: Fmr. Acting Secretary of Labor Seth HarrisFormer Acting Secretary of Labor Seth Harris, and Tyler Goodspeed, former acting CEA chairman, join 'Squawk Box' to discuss what happens to the economy in the event of an auto strike, how auto strikes have affected companies in the past, and more.

Persons: Labor Seth Harris, Tyler Goodspeed Organizations: Labor

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