If there was any question about where the Federal Reserve stands on the key issue of the day — inflation — two important officials brought even more clarity on Tuesday. Fed Governor Lael Brainard and ...
Tag: business news
Stock futures inch higher ahead of Fed minutes release
A trader works on the floor of the New York Stock Exchange (NYSE) in New York, March 30, 2022. Brendan McDermid | Reuters Stock futures inched higher in overnight trading Tuesday as investors await th...
Fed’s Mary Daly says high inflation ‘is as harmful as not having a job’
San Francisco Federal Reserve Bank chief of research Mary Daly stands near the podium before a speech at the CFA Society in San Francisco, California, U.S. July 10 2018. Ann Saphir | Reuters San Franc...
How NFL star Bobby Wagner negotiated his $65 million deal with the Rams
Bobby Wagner #54 of the Seattle Seahawks interviews after practice at Training Camp on July 29, 2021 in Renton, Washington. Alika Jenner | Getty Images NFL linebacker Bobby Wagner wanted another chall...
Twitter, Carnival, First Solar and more
Carnival Cruise Line’s Carnival Ecstacy cruise ship is docked at the Port of Jacksonville amid the Coronavirus outbreak on March 27, 2020 in Jacksonville, Florida. Sam Greenwood | Getty Images H...
WarnerMedia’s Jason Kilar will depart CEO role as Discovery merger nears close
WarnerMedia CEO Jason Kilar will be stepping down from his role as the company’s merger with Discovery nears its close. Kilar made the announcement to employees via email on Tuesday before appea...
Developers flood Arizona with homes even as drought intensifies
California just experienced its driest January and February ever, and the snowpack is dangerously low. As the West enters its third year of drought, water sources are drying up, and restrictions on th...
Dr. Scott Gottlieb believes omicron BA.2 subvariant unlikely to cause ‘national wave’ in U.S.
Dr. Scott Gottlieb told CNBC on Tuesday that he believes the U.S. this spring will avoid a “national wave” of infection related to the more contagious omicron BA.2 subvariant. However, the...
Fed’s Brainard sees balance sheet reduction soon and ‘at a rapid pace’
Lael Brainard, Federal Reserve governor and President Bidens nominee to be the new vice-chair of the Federal Reserve, speaks during her nomination hearing with the Senate Banking Committee on Capitol ...
GM and Honda to develop affordable electric vehicles that cost less than $30,000
DETROIT – General Motors and Honda Motor will develop a series of affordable electric vehicles based on a new global architecture, the companies announced Tuesday morning. The project will utilize GM&...
Inflation fears force Americans to rethink financial choices: Survey
Surging inflation has Americans reconsidering how they spend their money. The Consumer Price Index, which measures a wide-ranging basket of goods and services, jumped 7.9% in February from 12 months p...
Goldman says record 236,000 students apply for internships
David Solomon, CEO, Goldman Sachs, speaking at the World Economic Forum in Davos, Switzerland, Jan. 23, 2020. Adam Galacia | CNBC Last year, a slide deck made by Goldman Sachs junior bankers detailing...
Most Americans are worried about a recession hitting the U.S. in 2022
Rate hikes, soaring energy prices and geopolitical risks have combined to stoke fears of a possible recession. Credit Suisse however, thinks that is an unlikely scenario. Michael Nagle | Bloomberg | G...
Carvana, First Solar, Generac and more
Take a look at some of the biggest movers in the premarket: Carvana (CVNA) – Carvana was downgraded to “sector perform” from “outperform” at RBC Capital Markets, with the price...
Amazon signs rocket deal with Blue Origin, Arianespace, ULA for Project Kuiper internet satellites
Artist renderings of the companies’ rockets, from left to right: New Glenn, Vulcan Centaur, and Ariane 6. Blue Origin / United Launch Alliance / Arianespace Amazon on Tuesday announced what it s...
Consumers squeezed by inflation plan to cut back if prices keep surging
Edwin Lopez sorts the money in the cash register at Frankie’s Pizza on January 12, 2022 in Miami, Florida. Joe Raedle | Getty Images As inflation continues to weigh on American households, peo...
Bear market rally setting stage for correction: Morgan Stanley warns
A major Wall Street firm is on correction watch. Despite the latest market bounce, Morgan Stanley’s Mike Wilson is bracing for an S&P 500 decline of at least 13% between now and September. W...
Wind energy installations must quadruple to hit net-zero goals: GWEC
Onshore and offshore wind turbines photographed in Flevoland, the Netherlands. Mischa Keijser | Image Source | Getty Images The wind energy sector had its second best year in 2021 but installations wi...
Manhattan residential real estate sales hit record $7.3 billion in first quarter
Luxury high-rise apartments are viewed across Central Park South near Columbus Circle in the Manhattan borough of New York. Robert Nickelsberg | Getty Images Manhattan residential real estate sales to...
Qualcomm CEO says company is focusing on dividends to bring shareholders value
Qualcomm is currently focusing on using dividends to bring shareholders value rather than buying back its stock, chief executive Cristiano Amon told CNBC’s Jim Cramer on Monday. “We had in...
How 9 ‘pandemic plays’ that rallied Monday will respond
CNBC’s Jim Cramer on Monday said that some of the pandemic-era winners that rallied on Monday will be able to hold onto their recovery while others will flounder. “When you see all the so-...
Senators reach $10 billion Covid funding deal for therapeutics, vaccines and testing
U.S. Senator Mitt Romney (R-UT) speaks during a Senate Health, Education, Labor, and Pensions Committee hearing to examine the federal response to the coronavirus disease (COVID-19) and new emerging v...
More contagious omicron BA.2 is on track to displace others in U.S.
A resident receives a Covid-19 swab test during a mobile clinic at Saint Paul MB Church in Cleveland, Mississippi, on Saturday, Jan. 8, 2022. Rory Doyle | Bloomberg | Getty Images The more contagious ...
Walmart saved millions from elder gift card scams
A gift card display stands at a Walmart Inc. store in Burbank, California. Patrick T. Fallon | Bloomberg | Getty Images Technology developed by Walmart helped the retail giant identify and freeze near...
Stock futures are flat in overnight trading after tech-led rally
Traders on the floor of the NYSE, April 4, 2022. Source: NYSE Stock futures were flat in overnight trading Monday after investors bought the dip in technology shares following recent weakness. Futures...
Climate change could cost U.S. $2 trillion each year by 2100: OMB
Dry cracked earth is visible in an area of Lake Powell that was previously underwater on March 28, 2022 in Page, Arizona. As severe drought grips parts of the Western United States, water levels at La...
FDA says Covid vaccines may need to be updated to ensure high level of effectiveness against virus
A healthcare worker administers a dose of the Pfizer-BioNTech Covid-19 vaccine at a vaccination clinic in the Peabody Institute Library in Peabody, Massachusetts, U.S., on Wednesday, Jan. 26, 2022. Va...
Ford’s first quarter sales fall 17% as automaker battles chip shortage
An employee works on the 40 millionth Ford Motor Co. F-Series truck on the assembly line at the Ford Dearborn Truck Plant on January 26, 2022 in Dearborn, Michigan. Jeff Kowalsky | AFP | Getty Images ...
Former basketball player turned advisor offers money advice to college athletes
University of Arizona Wildcats guard Joe McLean plays defense against UCLA Bruins guard Kevin Dempsey during a Pacific-10 Conference game on Jan. 7, 1993. Ken Levine | Getty Images Sport | Getty Image...