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 Thursday’s key moments. December CPI lifts stocks...
Tag: Economy
Here’s the inflation breakdown for December 2022 — in one chart
Kentaroo Tryman | Maskot | Getty Images The inflation rate declined in December as consumers saw prices plummet at the gasoline pump, providing another hopeful sign for households that price pressures...
Consumer prices fell 0.1% in December, in line with expectations from economists
Inflation closed out 2022 in a modest retreat, with consumer prices posting their biggest monthly decline since early in the pandemic, the Labor Department reported Thursday. The consumer price index,...
Stocks making biggest moves premarket: Disney, Logitech and more
In this photo illustration the Disney+ logo seen displayed on a smartphone screen. SOPA Images | LightRocket | Getty Images Check out the companies making headlines in premarket trading. Disney – Disn...
Not discriminatory to Chinese travelers
South Korea on Tuesday hit back at claims that its Covid rules for Chinese travelers are “discriminatory,” saying more than half of its imported cases are coming from China. In a response ...
Hilton Adds ‘Premium Economy’ Brand, Spark By Hilton; Could Grow To 1,000+ Hotels
Spark by Hilton will offer simple and comfortable guest rooms. Hilton The Hilton family of hotel brands is growing in the new year with its latest option, “Spark by Hilton.” Offering hotel stays in th...
Global economy going into recession, 2023 growth to slow
The World Bank slashed its global growth forecasts from projections it made in mid-2022 on the back of what it sees as broadly worsening economic conditions. The international development institution ...
The Disappearance Of Good Rock Worries Oil Markets
Oil companies drilling in Texas’ Permian Basin are having to adapt to falling output as acreage with … [+] the “top rock” runs out. (Photo by Spencer Platt/Getty Images) Getty ...
Chinese are angry at South Korea and Japan
Travel restrictions launched in the wake of China’s border reopening may be affecting where people there are booking trips. But it’s not out of spite, said several Chinese travelers who sp...
Rolls-Royce 2022 sales soar, CEO says no slowdown in spending by the rich
Rolls-Royce sold a record number of cars in 2022 as demand for its $500,000 vehicles remained strong, despite recession fears, according to CEO Torsten Muller-Otvos. “We haven’t seen any s...
China’s reopening could boost Australia’s economy by 1%, JPMorgan says
According to JPMorgan, a full recovery in Australia’s tourism will add 0.5 percentage points to its GDP and the return of international students from China will add another 0.4 percentage points...
Bed Bath & Beyond, Coinbase, Virgin Orbit and more
Virgin Orbit’s LauncherOne rocket on display in Times Square, New York. CNBC | Michael Sheetz Check out the companies making the biggest moves midday: Virgin Orbit — The satellite launch service...
Used vehicle prices are falling but not enough to offset record highs
A salesman walks past used Toyota Motor vehicles at the Brent Brown Toyota dealership in Orem, Utah, on Monday, April 6, 2020. George Frey | Bloomberg via Getty Images DETROIT — Used vehicle prices ar...
Fed’s Bowman says there’s ‘a lot more work to do’ to bring down inflation
Federal Reserve Bank Governor Michelle Bowman gives her first public remarks as a Federal policymaker at an American Bankers Association conference In San Diego, California, February 11 2019. Ann Saph...
Powell stresses need for Fed political independence on tackling inflation
Federal Reserve Chairman Jerome Powell on Tuesday emphasized the need for the central bank to be free of political influence while it tackles persistently high inflation. In a speech delivered to Swed...
Oak Street Health, Frontline, Boeing and more
A Boeing 737 MAX 8 sits outside the hangar during a media tour of the Boeing 737 MAX at the Boeing plant in Renton, Washington. Matt Mcknight | Reuters Check out the companies making headlines in prem...
Despite Warning Signs, 95% Of Manufacturing Executives Say They’re Optimistic, According To A New Poll By Forbes, Xometry And Zogby
Despite nagging fears of a recession, manufacturing execs are optimistic about the future, with a majority planning to increase hiring and spend on technology. IT’s been a tough year for manufacturers...
France Macron to push for pension reform again despite potential strikes
The French government is presenting new plans to update the pension system. Analysts expect some backlash from some workers. Nurphoto | Nurphoto | Getty Images French President Emmanuel Macron is goin...
Rolls-Royce Hits a Milestone Not Seen In 119 Years
During tough economic times, luxury car sales are largely unaffected. Some customers have been waiting more than 12 months for a Lamborghini SUV while Ferrari had to cut off orders of its ultra-luxury...
30+ key statistics, facts and forecasts on China’s economy in 2023
China is among the world’s leading economies, with the country’s gross domestic product second only to that of the United States as of 2023. The country of over 1.41 billion people has a bigger econom...
25+ US economy statistics: forecast, trends and facts for 2023
The economic outlook for 2023, 2024 for the United States is largely predicated on the fact that the past year has been characterised by decelerating growth, monetary tightening and the Federal Reserv...
Tesla, Nvidia, Lululemon and more
Hong Kong, China, 13 Sept 2022, A red Tesla car passes in front of a Tesla dealership in Wanchai. (Photo by Marc Fernandes/NurPhoto via Getty Images) Nurphoto | Nurphoto | Getty Images Check out the c...
Is America a part-time economy? Half a million full-time roles vanish since May 2022
Unemployment in the US is back down to five-decade lows of 3.5%. That’s the latest from the Bureau of Labor Statistics (BLS) employment situation report released on Friday. Despite the surge in the fe...
Consumers see inflation, and spending, cooling, New York Fed survey shows
People shop for goods at a Publix in Nashville, Tennessee, on December 22, 2022, ahead of winter storm Elliot. Seth Herald | AFP | Getty Images Consumers see the inflation burden easing while they ex...
Lululemon, Duck Creek and more
A Lululemon store in New York Scott Mlyn | CNBC Check out the companies making the biggest moves premarket: Lululemon — Shares of the Canadian apparel company fell more than 10% after Lululemon lowere...
Airline perks and elite status will be harder to earn this year
The new Delta SkyClub at Los Angeles International Airport (LAX), Terminals 2 and 3 where the reimagined state-of-the-art facilities will soon welcome millions of guests each year. Media News Group | ...
Some restaurant workers could see big wage growth in 2023
Employees prepare food orders at a Portillo’s restaurant in Chicago, Illinois, on Tuesday, Sept. 27, 2022. Christopher Dilts | Bloomberg | Getty Images More than half of U.S. states will hike th...
Are We Headed For A ‘Richcession?’ Why The Wealthy Stand To Lose The Most If The Economy Stalls
| Getty Images Key Takeaways Recessions generally have an outsized impact on working and middle-class workers. The tight job market could protect lower-wage employees from potential layoffs during a r...
Mastercard announces Web3 spotlight program to develop & launch emerging musical artists in the digital economy
The Mastercard Artist Accelerator will harness Web3 technologies on the Polygon blockchain, forging new territory by connecting artists with mentors and fans in an exclusive development program LAS VE...
Treasury yields plummet after signs of broadening weakness in economy
Friday’s raft of U.S. economic data produced a cascading drop in rates across the Treasury market, pushing the policy-sensitive 2-year and benchmark 10-year yields to their lowest levels of the new ye...