Federal Reserve Bank Board Chairman Jerome Powell answers reporters’ questions during a news conference following a meeting of the Federal Open Market Committee (FMOC) on November 02, 2022 in Wa...
Tag: business news
Fed rate hike pushes business loans over 10% for first time since 2007
With the Federal Reserve’s latest rate hike adding half a percentage point to the cost of debt capital and reaching its highest level in 15 years, the majority of small business loans will hit t...
FTX’s new CEO John J. Ray making $1,300 an hour
John J. Ray, chief executive officer of FTX Cryptocurrency Derivatives Exchange, arrives to a House Financial Services Committee hearing investigating the collapse of FTX in Washington, DC, on Tuesday...
Here’s how health insurance is helping to cool inflation
Natalia Gdovskaia | Moment | Getty Images In an environment of high inflation, health insurance costs are doing the opposite: They’ve begun to deflate, and are poised to continue dropping each m...
The Way of Water heads for $175 million box office opening
Set more than a decade after the events of the first film, “Avatar: The Way of Water” tells the story of the Sully family. Disney It’s been more than a decade since James CameronR...
This 529 plan myth is making college more expensive for families
Kevin Dodge | The Image Bank | Getty Images SEATTLE — For many families, paying for college is a financial burden, and experts say education-funding myths may be adding to the student loan debt crisis...
Jim Cramer’s Investing Club meeting Wednesday: Fed decision, Qualcomm
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. Don’t trade on Fed...
Harry and Meghan becomes Netflix’s biggest-ever documentary debut
Netflix’s series about Prince Harry and Meghan has become the streaming giant’s biggest documentary debut yet. Daniel Leal | Afp | Getty Images Netflix’s documentary series about Bri...
SoFi Technologies, Charter Communications, Delta and more
Delta Airlines Embraer ERJ 170-200 flying above Los Angeles International Airport on Oct. 2, 2022 in Los Angeles, California. AaronP/Bauer-Griffin | Gc Images | Getty Images Check out the companies ma...
Bankman-Fried will sit in Bahamas prison until Feb. 8, 2023: Photos
TOPSHOT – FTX founder Sam Bankman-Fried (C) is led away handcuffed by officers of the Royal Bahamas Police Force in Nassau, Bahamas on December 13, 2022. – Disgraced cryptocurrency tycoon ...
Bank of England seen hiking by a half-point as inflation shows signs of peaking
The Bank of England is expected to raise interest rates by 50 basis points on Thursday, with inflation showing signs of peaking but still uncomfortably high at 10.7% in November. Bloomberg | Bloomberg...
Delta, Tesla, Moderna and others
Check out the companies making headlines before the bell: Delta Air Lines (DAL) – Delta jumped 3.8% in the premarket after the airline raised its current quarter forecast and issued an upbeat 2023 out...
Delta 2023 earnings forecast sees ‘robust’ travel demand
Delta Air Lines Airbus A330-300 landing at Athens International Airport AIA ,LGAV / ATH Eleftherios Venizelos, with registration N806NW, a former Northwest Airlines Airplane. Nicolas Economou | NurPho...
Why salaries in the United States don’t keep up with inflation
Inflation in the United States hit a record high in June 2022. Consumer prices soared by 9.1% compared with a year prior — the largest annual increase since 1981. While wages are rising, they’re...
Mortgage demand inches higher as interest rates move lower
A For Sale sign appears in front of a house on Oak Street in Patchogue, New York, on May 17, 2022. Steve Pfost | Newsday | Getty Images After a month of declines, mortgage application volume is rising...
UK inflation falls from 41-year high as fuel price surge eases
Brexit has added more than £200 to the average U.K. household food bill, according to a new study from the London School of Economics. Nathan Stirk | Getty Images News | Getty Images LONDON — U.K. inf...
I like J.M. Smucker over Church & Dwight
Church & Dwight Co Inc: “I’ve got to tell you, some of the other growth stocks in the same category I might as well [buy instead]. J.M. Smucker, that’s a very good company. I thi...
Charts suggest it’s time to buy the dips in oil, Jim Cramer says
CNBC’s Jim Cramer on Tuesday advised investors to put cash to work in oil now that the sell-off is largely over. “The charts, as interpreted by Carley Garner, suggest that the oil speculat...
Tesla stock down 28% since Elon Musk took over Twitter
CEO of Tesla Motors Elon Musk speaks at the Tesla Giga Texas manufacturing “Cyber Rodeo” grand opening party in Austin, Texas, on April 7, 2022. Suzanne Cordeiro | AFP | Getty Images Share...
Jim Cramer goes over the energy stock winners of 2022
CNBC’s Jim Cramer on Monday went over the top-performing energy stocks in the S&P 500 this year. “While energy was the only winning sector this year, all of these stocks have come down...
Crypto and high wages need to crash for Fed to beat inflation
CNBC’s Jim Cramer on Tuesday outlined what needs to happen for the Federal Reserve to finally beat inflation after the monthly consumer price index report showed that prices rose less than expec...
Constellation Energy and Sempra Energy are dependable utility stocks
CNBC’s Jim Cramer on Tuesday offered investors a list of utility stocks he believes should be on their shopping lists. “The utilities are a great place to hide when the economy’s det...
Arctic getting warmer, stormier from climate change: scientists
Martin Leonhard of the East Greenland Ice-Core Project (EastGRIP) operates snow blower putting a new snow floor for the winter-storage weather port tent at EastGRIP camp on August 9, 2022. EastGRIP is...
Mortgage rates drop after CPI inflation report
A prospective home buyer, left, is shown a home by a real estate agent in Coral Gables, Florida. Getty Images The average rate on the 30-year fixed mortgage dropped to 6.28% Tuesday, according to Mort...
Ford boosts production of electric F-150 Lightning pickup truck
Corey Williams, plant manager at Ford’s Dearborn Truck Plant and Rouge electric vehicle center, outlines the automaker’s production plans for the F-150 Lightning electric pickup during a f...
Hotel prices, airfare decline as travel demand cools
The pool at Turtle Bay Resort on Oahu’s North Shore. Amanda Macias | CNBC Consumer prices for hotels, motels and other lodging dropped nearly 5% in November from October, according to the latest...
Boeing airplane deliveries picked up in November
Boeing’s last 747 aircraft, #1574, at its factory in Everett, Washington. Leslie Josephs | CNBC Boeing‘s aircraft deliveries picked up last month with airlines getting more 737 Max and 787...
Dollar General chases suburban shoppers with Popshelf
HENDERSONVILLE, Tennessee — Dollar General‘s next big strategy for growth is tucked in a strip mall in suburban Nashville, and it is coming to other cities soon. It’s a new store called Po...
Electric Ford F-150 Lightning named MotorTrend’s truck of the year
2022 Ford F-150 Lightning Ford DETROIT — The electric Ford F-150 Lightning was named MotorTrend’s 2023 truck of the year Tuesday, topping traditional pickups with internal combustion engines fro...
GM, Stellantis rank worst for fuel efficiency, even amid EV push
GMC vehicles sit on display at the Sterling McCall Buick GMC dealership on February 02, 2022 in Houston, Texas. Brandon Bell | Getty Images DETROIT – General Motors may be transitioning to an all-elec...