WASHINGTON – Federal Reserve officials are committed to fighting inflation and expect higher interest rates to remain in place until more progress is made, according to minutes released Wednesday from...
Tag: business news
Wynn Resorts, Microsoft, Honeywell, Salesforce and more
The Wynn Resorts logo stands illuminated as people sit by the fountain at the Wynn Macau casino resort in Macau, China, on Tuesday, July 24, 2018. Pual Yeung | Bloomberg | Getty Images Check out the c...
Jim Cramer’s Investing Club meeting Wednesday Oil, Morgan Stanley
Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Wednesday’s key moments. Stay bullish on oil Look...
Coinbase settles with New York financial regulator for $100 million
Coinbase signage in New York’s Times Square during the company’s initial public offering on the Nasdaq on April 14, 2021. Robert Nickelsberg | Getty Images Coinbase settled a case with New...
General Electric, Salesforce, Alibaba and more
Cincinnati – Circa September 2021: General Electric Global Operations Center. jetcityimage | iStock Editorial | Getty Images Check out the companies making headlines in premarket trading. Genera...
The UK recession will be almost as deep as that of Russia, economists predict
London Stock Exchange Toby Melville | Reuters LONDON — The U.K. economic contraction of 2023 will be almost as deep as that of Russia, economists expect, as a sharp fall in household living standards ...
Upstart Chinese electric car brand delivered more cars than Nio in 2022
A pink Nezha V and black Nezha U Pro electric car models are on display at a store in Shanghai on Nov. 7, 2021. Costfoto | Future Publishing | Getty Images BEIJING — Another budget-priced electric car...
Regulators warn U.S. banks on crypto risks including ‘fraud and scams’
Ether has hugely outperformed bitcoin since both cryptocurrencies formed a bottom in June 2022. Ether’s superior gains have come as investors anticipate a major upgrade to the ethereum blockchai...
Sam Bankman-Fried pleads not guilty to fraud charges in New York
Former FTX chief executive Sam Bankman-Fried (C) arrives to enter a plea before US District Judge Lewis Kaplan in the Manhattan federal court, New York, January 3, 2023. Ed Jones | AFP | Getty Images...
Tesla, Wynn, Traeger, Amazon and more
Tesla charging stations at a car showroom in the morning light. The expansion of the charging infrastructure is still not progressing as desired. Jan Woitas | Picture Alliance | Getty Images Check ou...
Tesla, Coty, PayPal and more
A Tesla vehicle is displayed in a Manhattan dealership on January 30, 2020 in New York City. Spencer Platt | Getty Images Check out the companies making the biggest moves in the premarket: Tesla — Sha...
Five Chinese startups that survived a tough year of Covid lockdowns
A Kennon Robotics robot delivers food at a Haidilao hotpot restaurant in Shanghai on April 7, 2021. Qilai Shen | Bloomberg | Getty Images BEIJING — In a year of Covid lockdowns and travel restrictions...
Retailers brace for tougher times and more frugal customers in 2023
A shopper goes through shirts in the kids section at Old Navy in Denver, Colorado. Brent Lewis | Denver Post | Getty Images January is typically an overlooked month for retailers. Shoppers make return...
These states will raise their minimum wages in 2023
Labor activists hold a rally in support of a national $15 minimum wage on May 19, 2021, in Washington, D.C. Kevin Dietsch | Getty Images News | Getty Images As the calendar turns to 2023, workers in m...
5 tax, investment changes that could boost your finances in 2023
1. Bigger contribution limits on retirement accounts If you’re eager to boost your retirement savings, there’s good news for 2023: higher contribution limits for your 401(k) and individual...
Companies can ‘hire’ a virtual person for about $14k a year in China
Virtual singer Luo Tianyi performing with world renowned pianist Lang Lang in 2019 at the Mercedes-Benz Arena in Shanghai, China. Launched in 2012, Luo Tianyi has nearly 3 million fans and even perfor...
The boldest bitcoin price predictions for 2023
A worsening macroeconomic climate and the collapse of industry giants like FTX and Terra have weighed on bitcoin’s price this year. STR | Nurphoto via Getty Images 2022 was a rough year for cryp...
omicron XBB.1.5 is immune evasive, binds better to cells
Gilnature | Istock | Getty Images The Covid omicron XBB.1.5 variant is rapidly becoming dominant in the U.S. because it is highly immune evasive and appears more effective at binding to cells than rel...
Cristiano Ronaldo signs with Saudi Arabian club Al Nassr for reported record-breaking salary
Portuguese football star Cristiano Ronaldo poses for a photo with the jersey after signing with Saudi Arabia’s Al-Nassr Football Club in Riyadh, Saudi Arabia on December 30, 2022. Al Nassr Footb...
What’s in the historic Inflation Reduction Act
U.S. President Joe Biden holds out his pen to U.S. Senator Joe Manchin (D-WV) as Senate Majority Leader Chuck Schumer (D-NY) and U.S. House Majority Whip James Clyburn (D-SC) look on after Biden signe...
EPA issues clean water rule that repeals Trump administration changes
Saltwater wetland, Waquoit Bay Estuarine Research Reserve, Mass. Photo: Ariana Sutton-Grier, CC BY-ND The Biden administration on Friday issued a rule that defines which types of waterways in the U.S...
Non-alcoholic beer set to continue to grow in 2023
The start of ‘Dry January,’ a month when many people avoid drinking alcohol, typically brings a heightened level of attention to non-alcoholic drinks. But the CEO of one of the leading non...
Cramer’s final thoughts for the year: Making sense of multiples
The price-to-earnings multiples say recession. But the multiples said similar things in 2022. So how long can the multiples stay this low? We have all read dozens of articles about what 2023 will brin...
Here’s how to know if your company’s layoff policy is a ‘good’ one
Andreypopov | Istock | Getty Images Layoffs this year have been mostly limited to the hardest-hit sectors of the economy, especially tech. But depending on your industry, you might find yourself face-...
Risk of a dangerous new Covid variant in China is ‘quite low,’ U.S. health expert says
Pictured here on Dec. 28, 2022, is gymnasium-turned-fever clinic in Fuzhou, Fujian province. Wang Dongming | China News Service | Getty Images BEIJING — It’s unlikely that a dangerous new Covid-...
Southwest Airlines says holiday meltdown will hit Q4 results
Southwest Airlines’ holiday meltdown will “certainly” hit its fourth-quarter results, executives said Thursday, adding it will take several weeks to work through affected travelers&#...
Gourmet food in UAE is taking on Paris, New York and London
Chefs and owners pose for picture on the stage during a ceremony revealing the 2022 selection of the Michelin Guide Dubai, the first-ever edition in the United Arab Emirates, on June 21, 2022. Giusepp...
Here’s where Covid rules for visitors from China are changing
Travelers check in with Cathay Pacific at the Hong Kong International Airport on December 20, 2022. Vernon Yuen | Nurphoto | Getty Images BEIJING — Some countries announced new Covid testing requireme...
U.S., global health officials worry about China transparency on virus spread
U.S. and global health leaders say Beijing is not sharing enough information about the spread of Covid-19 in China, leaving the international community in the dark about the scale and severity of the ...
Pelé, Brazilian soccer star and 3-time World Cup winner, dies at 82
Pelé, the Brazilian soccer icon who brought the World Cup trophy to his home country three times, becoming an international superstar and the highest-paid team athlete in the world at the time, has di...