Troubling Signs Emerge as Credit Card Debt Hits Record High As credit card debt hit an all-time high, just shy of $1 trillion, in the final three months of 2022, delinquencies among borrowers accelera...
Tag: Economy
Markets fall on hot economy, chance of 0.5% rate hikes
James Bullard, president of Federal Reserve Bank of St. Louis, at the Jackson Hole economic symposium, in Moran, Wyoming, U.S., on Thursday, Aug. 22, 2019. David Paul Morris | Bloomberg | Getty Images...
Stocks moving big after hours: DASH, AMAT, DKNG
Rafael Henrique | LightRocket | Getty Images Check out the companies making headlines in midday trading. DoorDash — The online food delivery platform’s shares jumped 7% after it reported a reven...
Producer price index January 2023:
Inflation rebounded in January at the wholesale level, as producer prices rose more than expected to start the year, the Labor Department reported Thursday. The producer price index, a measure of what...
Twilio, Tripadvisor, Boston Beer, Roku and more
Jakub Porzycki | Nurphoto | Getty Images Check out the companies making headlines in midday trading. Twilio — Shares jumped 19% after Twilio beat revenue expectations in its most recent quarter. The c...
Consumer debt hits record $16.9 trillion as delinquencies rise as well
A bank employee counts U.S. dollar notes at a Kasikornbank in Bangkok, Thailand, January 26, 2023. Athit Perawongmetha | Reuters Consumer debt hit a fresh record at the end of 2022 while delinquency ...
Stocks making the biggest moves premarket: SHAK, SPCE, PARA
Sopa Images | Lightrocket | Getty Images Check out the companies making the biggest moves premarket: Shake Shack — Shares of the quick-service restaurant chain rose slightly after reporting a narrower...
US Economy Keeps Charging Ahead, Adding Pressure on Fed to Hike
(Bloomberg) — The US economy showed remarkable resilience at the start of the year, highlighting robust demand that’s keeping inflation elevated and heaping pressure on the Federal Reserve to st...
Blockchain Solutions for the Data Economy
Exploring the Data Economy The data economy is an ecosystem in which data is collected, stored, analyzed, and monetized. With the increasing amount of data being generated by individuals and organizat...
Sanctions on Russian oil are having the ‘intended effect,’ IEA says
Russia announced that it would cut oil production by 500,000 barrels per day in March after the West slapped price caps on Russian oil and oil products. Picture Alliance | Picture Alliance | Getty Ima...
ROKU, CSCO, TWLO and more
In this photo illustration, a hand holding a TV remote control points to a screen that displays the Roku logo. Rafael Henrique | Lightrocket | Getty Images Check out the companies making headlines aft...
Biden outlines plans to cut U.S. deficit by $2 trillion over the next decade
(The stream is slated to start at 2:30 p.m. ET. Please refresh the page if you do not see a video above at that time.) U.S. President Joe Biden is in Lanham, Maryland today where he will speak to the ...
H&M Move Into Textile-Sorting Could Be Huge Boost For Circular Economy
H&M has launched a textile-sorting joint venture as it aims to push recycling initiatives. (Photo by … [+] © Erik Freeland/CORBIS SABA/Corbis via Getty Images) Corbis via Getty Images The ci...
Retail sales January 2023:
Sales at retailers rose far more than expected in January as consumers persevered despite rising inflation pressures. Advance retail sales for the month increased 3%, compared to expectations for a ri...
Economists say Moscow and Putin won’t drain war chest any time soon
Men wearing military uniform walk along Red Square in front of St. Basil’s Cathedral in central Moscow on February 13, 2023. Alexander Nemenov | Afp | Getty Images The coming months will be crit...
Stocks moving big midday: PLTR, NVDA, CAR
Nvidia has found success in China by selling automotive chips to the country’s electric car companies. But the U.S. semiconductor giant has been restricted from sending some products to China. S...
Stocks moving big after hours: ABNB, TRIP, DVN
The TripAdvisor homepage Daniel Acker | Bloomberg | Getty Images Check out the companies making headlines in extended trading. Airbnb — Shares of Airbnb jumped 10% after the company released fourth-qu...
US, China spy balloon drama is drifting into supply chain politics
The suspected Chinese spy balloon drifts to the ocean after being shot down off the coast in Surfside Beach, South Carolina, U.S. February 4, 2023. Randall Hill | Reuters The tensions between the U.S...
Ford to cut 3,800 jobs in Europe in shift to electric vehicle production
Ford F-150 Lightning at the 2022 New York Auto Show. Scott Mlyn | CNBC Automaker Ford on Tuesday said it intends to cut 3,800 jobs in Europe over the next three years to adopt a “leaner” s...
Where are Chinese travelers going? Thailand and more in Southeast Asia
In a survey last year, Chinese travelers said that they were most interested in visiting Europe, Australia, Canada, Japan and South Korea. But that’s not where they’re going — at least not...
Goldman Sachs CEO David Solomon on soft landing odds for U.S. economy
David Solomon, Chairman & CEO of Goldman Sachs, speaking on Squawk Box at the WEF in Davos, Switzerland on Jan. 23rd, 2023. Adam Galica | CNBC Goldman Sachs CEO David Solomon said Tuesday that th...
Consumer price index January 2023:
Inflation turned higher to start 2023, as rising gas and fuel prices took their toll on consumers, the Labor Department reported Tuesday. The consumer price index, which measures a broad basket of com...
U.S. inflation is ‘far stickier’ and could last a decade
U.S. inflation is likely to be “far stickier” and could last a decade, according to Bill Smead, chief investment officer at Smead Capital Management. Wall Street is gearing up for key infl...
Fed is not your friend
As Wall Street gears up for key inflation data, Wells Fargo Securities’ Michael Schumacher believes one thing is clear: “The Fed is not your friend.” He warns Federal Reserve chair J...
Stocks moving big after hours: CAR, PLTR, ANET, SEDG
A customer boards an Avis Budget Group Inc. shuttle bus at the Denver International Airport (DEN) in Denver, Colorado, U.S., on Wednesday, Oct. 28, 2015. Luke Sharrett | Bloomberg | Getty Images Check...
Inflation report due Tuesday has the potential to deliver some bad news
Prices are displayed in a grocery store on February 01, 2023 in New York City. Leonardo Munoz | Corbis News | Getty Images Just as Federal Reserve officials have grown optimistic that inflation is coo...
Executives are doing a great job talking down the US economy: Morning Brief
This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Monday, February 13, 2023 Today’s newsletter...
Here’s where the jobs will be during the rolling recessions
A Now Hiring sign is seen inside a WholeFoods store in New York City. Adam Jeffery | CNBC Recession-like conditions rolling through the U.S. economy are likely to cause more ripples through an otherwi...
The apprenticeship levy has utterly failed the British economy
Apprentice scheme – Anthony Upton The UK has a problem across almost every sector and every industry that, until it is fixed, is damaging our economic future and productivity. It is no secret th...