U.S. Federal Reserve Board Chairman Jerome Powell takes questions after the Federal Reserve raised its target interest rate by three-quarters of a percentage point to stem a disruptive surge in inflat...
Tag: business news
Powell vows that the Fed is ‘acutely focused’ on bringing down inflation
Federal Reserve Board Chairman Jerome Powell speaks to reporters after the Federal Reserve raised its target interest rate by three-quarters of a percentage point to stem a disruptive surge in inflati...
JD.com, Roku, Alibaba and more
Check out the companies making headlines before the bell: Adobe (ADBE) – Adobe shares fell 3.7% in premarket trading after the software company issued weaker-than-expected financial guidance for the c...
‘The pain will go on’
Ray Dalio, Bridgewater Associates, Founder, Co-Chairman & Co-CIO, at the WEF in Davos, Switzerland on May 24th, 2022. Adam Galica | CNBC Billionaire investor Ray Dalio is right to have bet against...
China real estate troubles sent debt indicator to record high
Fixed asset investment data for the first five months of 2022 showed real estate investment declined at a greater scale than it did during the first four months of the year. Pictured here on May 16 is...
Attractive ETF for a volatile market is DIVO: Amplify ETFs CEO
Investors may want to consider a special fund focused on high dividend yielding large-caps, according to a leading ETF fund manager. Christian Magoon believes his firm’s actively managed Amplify...
Buttigieg urges airline CEOs to ensure carriers fly reliably this summer after waves of disruptions
Passengers line up at John F. Kennedy International Airport after airlines announced numerous flights were canceled during the spread of the Omicron coronavirus variant on Christmas Eve in Queens, New...
Position your portfolio for a Fed win and avoid these three market mindsets, Jim Cramer says
CNBC’s Jim Cramer told investors on Thursday that there are four camps of thinking in the current market but only one worth listening to: the one that stays in the market and bets on the Federal Reser...
Cramer’s lightning round: Oshkosh is a buy
Capital Southwest Corp: “We don’t know what they really own. … I don’t recommend those stocks because we can’t really tell what they’re in.” Terran Orbital Co...
These 3 bank stocks can ‘make fortunes’ from higher rates
CNBC’s Jim Cramer on Thursday said that investors who believe the Federal Reserve can pull off a soft landing should have bank stocks on their shopping list. “If you think we’re head...
Airline stocks tumble as economic concerns overshadow travel surge
An American Eagle aircraft taxis as a Southwest Airlines aircraft lands at Reagan National Airport in Arlington, Virginia, January 24, 2022. Joshua Roberts | Reuters Packed planes. Sky-high airfare. A...
Teen summer workers are winning higher pay and more flexibility this year
When Jennifer Sutton opened her small business, Guest Haus Juicery, in September 2021, she turned to teenage workers to fill gaps in the hiring market. Sutton initially thought her two teen employees ...
Fanatics hires former Dick Clark Productions CEO to lead Topps, NFTs
Dick Clark Productions CEO Mike Mahan (R) and guest attend the 2018 Billboard Music Awards at MGM Grand Garden Arena on May 20, 2018 in Las Vegas, Nevada. Jeff Kravitz | Filmmagic, Inc | Getty Images ...
‘Lightyear’ movie ban won’t have major impact on global box office
Buzz Lightyear and his robot companion Sox embark on an intergalactic adventure in Pixar’s “Lightyear.” Disney More than a dozen Asian and Middle Eastern countries will not releases ...
Environmental groups sue Biden to block oil and gas drilling permits
A polar bear sow and two cubs are seen on the Beaufort Sea coast within the 1002 Area of the Arctic National Wildlife Refuge. U.S. Fish and Wildlife Service | Reuters A coalition of environmental grou...
Chipotle tests cauliflower rice at select stores in Arizona, California and Wisconsin
Employees prepare orders for customers at a Chipotle Mexican Grill restaurant in Hollywood, California. Patrick T. Fallon | Bloomberg | Getty Images Chipotle is giving cauliflower rice another try aft...
Dow sinks 700 points, dropping back below 30,000 to the lowest level in more than a year
The Dow Jones Industrial Average tumbled below the key 30,000 level on Thursday as investors worried the Federal Reserve’s more aggressive approach toward inflation would bring the economy into ...
Revlon files for Chapter 11 bankruptcy protection
Cosmetics giant Revlon filed for Chapter 11 bankruptcy protection on Wednesday evening as it grappled with a cumbersome debt load and a snarled supply chain. The company said it expects to receive $57...
A day after Powell’s assurances, markets are worried something breaks
Federal Reserve Board Chairman Jerome Powell speaks to reporters after the Federal Reserve raised its target interest rate by three-quarters of a percentage point to stem a disruptive surge in inflati...
UK firm signs deal to bolster gas supplies as war in Ukraine continues
Russia is a significant supplier of oil and gas. A number of major economies have formulated plans to reduce their reliance on Russian hydrocarbons following its invasion of Ukraine. Sean Gladwell | M...
Will Netflix stop binge releases like Stranger Things? Experts weigh in
A scene from Netflix’s “Stranger Things”. Source: Netflix Could Netflix ditch its binge-release model? Stranger things have happened. The all-at-once release strategy for television ...
Orlando Bravo warns there’s ‘more pain to come’ for the tech sector
Private equity boss Orlando Bravo has a somber warning for the technology industry. “I think there’s more pain to come,” Bravo, founder of buyout firm Thoma Bravo, told CNBC’s ...
Jim Cramer warns even high-quality low price-to-earnings stocks could get beaten down by a recession
CNBC’s Jim Cramer warned investors on Wednesday that while there are some stocks with low price-to-earnings multiples that look cheap and therefore investable, it’s worth noting that they ...
NHTSA data shows Tesla accounts for most driver-assist crashes
The NTSB released this image of a 2021 Tesla Model 3 Long Range Dual Motor electric car that was involved in a fatal accident near Miami that killed two people on Sept. 13, 2021. NTSB Tesla vehicles h...
GM investing $81M to hand build luxury Cadillac Celestiq electric cars
Front driver’s side view of the Celestiq show car, which GM is expected to unveil in late-July. GM DETROIT – General Motors on Wednesday said it is investing $81 million at its global design and...
Ford CFO says inflation has erased Mustang Mach-E profits, but isn’t hurting demand
The Mustang Mach-E is Ford’s first new all-electric vehicle under an $11 billion investment plan in electrified vehicles through 2022. Michael Wayland | CNBC Ford Motor‘s CFO said Wednesda...