Stacy Francis Source: Stacy Francis Stacy Francis never planned to become a financial advisor, especially one for women going through divorce. But a candid talk with her grandmother shifted her career...
Tag: business news
GM’s new concept car to revolutionize the brand for EVs
Buick Wildcat concept Buick DETROIT — General Motors on Wednesday unveiled the Buick Wildcat, a new concept car designed to signal a revolutionary change for the brand, as it moves to offer only elect...
Jamie Dimon says ‘brace yourself’ for an economic hurricane caused by the Fed and Ukraine war
Jamie Dimon, CEO of JP Morgan Chase, appears on CNBC’s Squawk Box at the 2020 World Economic Forum in Davos, Switzerland on Jan. 22nd, 2020. Adam Galica | CNBC JPMorgan Chase CEO Jamie Dimon say...
Nio May 2022 sales constrained by Covid; XPeng, Li Auto gain ground
Nio began deliveries of its new ET7, an upscale electric sedan, on Monday, March 28, 2022. Nio Chinese electric vehicle maker Nio delivered more than 7,000 vehicles in May, up 4.7% from a year ago but...
Mortgage demand falls to lowest level since 2018, even as interest rates ease
A single family home is shown for sale in Encinitas, California. Mike Blake | Reuters Mortgage demand slipped to the lowest level since December 2018, even after rates declined slightly last week. App...
Croatian EV supercar maker Rimac raises 500 million euros
Rimac Group, the Croatian company best known for its 1,900 horsepower Nevera electric sports car, said it has raised 500 million euros (about $537 million) from investors including Goldman Sachs, Pors...
Crypto deals help fuel NBA sponsorship money to $1.6 billion
In this photo illustration a Coinbase logo is displayed on a smartphone with a NBA logo in the background. Thiago Prudencio | Sopa Images | Lightrocket | Getty Images Cryptocurrency companies helped f...
Chinese electric car start-up WM Motor files to go public in Hong Kong
Chinese electric car company WM Motor, or Weltmeister, filed Wednesday to go public in Hong Kong. Pictured here is one of the company’s cars in a shopping mall in Shanghai. Future Publishing | F...
Charts suggest ‘a very nice summer’ for stocks
CNBC’s Jim Cramer explained technical analysis from veteran chartist Larry Williams that suggests the market’s recent rebound could last for the next few months. “Larry Williams perf...
Foreign exchange pushed Salesforce to lower revenue guidance
Salesforce co-founder and co-CEO Marc Benioff told CNBC’s Jim Cramer on Tuesday that the rising value of the dollar played a part in the software company lowering revenue guidance in its latest ...
These charts show Russia’s invasion of Ukraine has changed global oil
European Union leaders reached an agreement this week to ban the majority of Russian crude oil and petroleum product imports, but nations were already shunning the country’s oil, altering global...
Victoria’s Secret (VSCO) Q1 2022 earnings beat
Shoppers are seen inside a shopping mall in Bethesda, Maryland on February 17, 2022. Mandel Ngan | AFP | Getty Images Victoria’s Secret reported a quarterly profit that topped Wall Street expect...
Taco Bell is running out of Mexican Pizza less than two weeks after its return
Taco Bell’s Mexican Pizza Source: Taco Bell Taco Bell is running out of its Mexican Pizza, less than two weeks after the chain brought back the menu item. The chain, owned by Yum Brands, said in...
Home prices surged in March as interest rates also rose: S&P Case-Shiller
A sold sign sits outside a home. Adam Jeffery | CNBC Rising mortgage rates did not slow down rising home prices in March. Nationally, home prices were 20.6% higher than they were in March 2021, accor...
American Eagle Outfitters, Unilever, Nio and more
Nio began deliveries of its new ET7, an upscale electric sedan, on Monday, March 28, 2022. Nio Check out the companies making headlines in midday trading. Marathon Oil, Diamondback Energy — Energy sto...
UK plans new safeguards for stablecoins after Terra collapse
The world’s biggest stablecoin, tether, saw more than $10 billion in redemptions in May, fueling fears of a 2008-style “bank run.” Justin Tallis | AFP via Getty Images Britain wants ...
As employers call workers back to the office, some AAPI women worry
An attendee identified as Emily, left, holds a candle during a candlelight vigil for Michelle Go at Portsmouth Square in San Francisco, Calif. Tuesday, Jan. 18, 2022. Stephen Lam | Getty Images Someti...
Yamana Gold, Credit Suisse, Unilever and more
Check out the companies making headlines before the bell: Yamana Gold (AUY) – The Canadian gold producer agreed to be acquired by Gold Fields (GFI) in an all-stock deal valued at $6.7 billion. Yamana ...
Britain urges people with monkeypox to abstain from sex as cases rise
Test tubes labelled “Monkeypox virus positive and negative” are seen in this illustration taken May 23, 2022. Dado Ruvic | Reuters U.K. health authorities have urged anyone who tests posi...
China faces a nearly $1 trillion funding gap. It will need more debt to fill it.
During the first four months of the year, investment in real estate development fell by 2.7% from a year ago. Pictured here is a project in Qingzhou, Shandong province, on May 15, 2022. CFOTO | Future...
Stock futures rise following last week’s bounce
Traders on the floor of the NYSE, May 23, 2022. Source: NYSE U.S. stock futures rose on Monday night, as Wall Street tried to build on last week’s momentum. Dow Jones Industrial Average futures ...
WHO says there is a window of opportunity to limit outbreak
The World Health Organization has said that there is a “window” of opportunity to contain a recent monkeypox outbreak which has seen cases spread across Europe, the U.S. and Australia. Nur...
Siemens Mobility inks $8.7 billion deal for high-speed rail in Egypt
A train passes through a station in Egypt. The project involving Siemens Mobility will use trains that can reach a top speed of 230 kilometers per hour, and the line will be fully electrified. Paulvin...
Fed Governor Christopher Waller says he’s prepared to take rates past ‘neutral’ to fight inflation
Christopher Waller, U.S. President Donald Trump’s nominee for governor of the Federal Reserve, listens during a Senate Banking Committee confirmation hearing in Washington, D.C., on Thursday, Fe...
Beach house inventory is up, prices are down
The rental market in the Hamptons is facing an unexpected chill this summer. After two years of strong demand and soaring prices, the supply of rentals in the Hamptons is surging, leading to a wave of...
Flight cancellations ease after rocky start to Memorial Day weekend
A Delta Airlines commercial aircraft approaches to land at John Wayne Airport in Santa Ana, California January 18, 2022. Mike Blake | Reuters Flight disruptions continued Sunday but eased from the roc...
$124 million is Tom Cruise’s best domestic debut
Tom Cruise in “Top Gun: Maverick” Source: Paramount LOS ANGELES – “Top Gun: Maverick” soared to $124 million during its opening weekend, earning Tom Cruise his highest domestic...