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There are three things that policymakers can do to combat rising inflation driven by oil price surges, according to the Organization for Economic Cooperation and Development Loading audio narration… The OECD on Thursday raised its inflation forecast for the US and the world, predicting that US inflation would be 4.6% this year, sharply higher than the Federal Reserve’s estimate of 2.7%.”The evolving conflict in the Middle East has human and economic costs for the countries directly involved, and will test the resilience of the global economy,” OECD said in its report. The group noted that disruptions in shipments through the…

Fannie Mae will now accept crypto-backed mortgages via a new product by mortgage company Better Home and Finance and Coinbase. It’s not the first crypto backed mortgage, but it is the first accepted by Fannie Mae, which is under government conservatorship. The offering allows homebuyers to use their crypto assets as collateral. Fannie Mae will purchase those loans just like any other conforming mortgage.”We have now finally created the infrastructure rails to enable any tokenized asset in America to be able to be pledged to help someone afford to buy a home,” Vishal Garg, CEO of Better, told CNBC in…

Uber, Lyft, and DoorDash are rolling out new incentives as surging gas prices hit the gig economy where it hurts. Loading audio narration… The three companies have introduced expanded discounts and cashback schemes over the past few days, as drivers and delivery workers have said they’re getting more selective about the routes they take.The war in the Middle East has sparked a global oil shock, with prices regularly blowing past $100 a barrel.The impact is being felt at the pumps, with the average price of a gallon of gas in the US having climbed by nearly a dollar in the past month,…

Remote workers at Paramount Skydance may soon need to decide whether to hire a moving company or update their résumés.Paramount is preparing to tell many remote employees that they’ll be required to work in person, even if they don’t live near an office, Business Insider has learned.Some employees on certain teams — including streaming tech and ad operations — will be exempt, a person familiar with the decision said.The new RTO mandate will mark “Phase 2” of the in-person work push under Paramount CEO David Ellison. In September, Paramount told thousands of employees assigned to its New York or Los…

This as-told-to essay is based on a conversation with Candice N. Mackel of Candice Nicole Public Relations. It has been edited for length and clarity.I’ve been a PR entrepreneur for 18 years, operating it full-time for 10 years. I’ve worked with other entrepreneurs, musicians, nonprofits, and in beauty, fashion, tech, cannabis, and more industries.But recently, something changed. I used to be very busy, and then I wasn’t.I feel like a bubble popped two years ago. It wasn’t just me as a PR professional; my hairstylist and nail tech, for example, felt this shift too. That’s when I started considering returning…

This as-told-to essay is based on a conversation with Frank D’alesio, a former agent for the Bureau of Alcohol, Tobacco, Firearms, and Explosives who spent 25 years infiltrating criminal organizations. It has been edited for length and clarity.My norm for the better part of 25 years was infiltrating violent criminal organizations, including motorcycle gangs like The Brothers, Vagos, and the Order of Blood.When you’re undercover, your life runs on a chaotic, but consistent schedule. You know who you’re seeing, what role you’re playing, and how you need to act.Every day brings different challenges, but with the same routine. That routine…

Two major CEOs told CNBC in recent months that the rise of artificial intelligence contributed to their decisions to hand over the reins and step down from their positions.It’s one of the latest insights into how America’s corporate leaders are sizing up the AI transition.Coca-Cola CEO James Quincey told CNBC’s “Squawk Box” on Thursday that his decision to step down from his role was influenced by larger “waves of the organizational momentum.””My job is also to think who’s the best team to put on the field to get the next wave done,” Quincey said. “And I concluded that, actually, it…

A bottle of Olaplex N.4 Bond Maintenance Shampoo arranged in Denver, Colorado, US, on Thursday, Dec. 8, 2022. David Williams | Bloomberg | Getty ImagesGerman consumer brand Henkel announced Thursday that it has agreed to acquire all of prestige haircare brand Olaplex for $1.4 billion.The company said the deal, at an offer price of $2.06 per share, was unanimously approved by Olaplex’s board of directors and marks an “important milestone” in Henkel’s business strategy.”The planned acquisition of OLAPLEX is fully in line with Henkel’s strategy to expand its portfolio through compelling, value-adding M&A activities,” Henkel CEO Carsten Knobel said in…

Tom Brady may not be returning to the NFL — but he has explored if it’s possible.The legendary New England Patriots quarterback, a frequent subject of un-retirement rumors, told CNBC Sport this week that he has asked the NFL about its policy around returning to the league as a player while maintaining his status as a minority owner of the Las Vegas Raiders — but he has no plans to return.”I actually have inquired, and they don’t like that idea very much,” Brady said in an interview promoting his World Cup ad campaign with Ferrero. “We explored a lot of…

Colorful epic aerial panorama of San Francisco skyline downtown with business building skyscraper and waterfront at twilight in California, USA.Prasit Photo | Moment | Getty ImagesA version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox.Private investment firms of the ultra wealthy are snapping up domestic real estate as the market’s recovery continues to stall, family-office investors told Inside Wealth. While persistently high interest rates and geopolitical conflicts have many investors sitting on the sidelines, family offices can afford…