Stocks plunged on Tuesday as fears that the Federal Reserve will ultimately spark a recession spread like wildfire after a hotter-than-expected inflation print. The Fed has raised interest rates four ...
Tag: Markets
U.S. inflation roars back in August, CPI shows, despite falling gas prices
The numbers: Falling gas price delivered a second low U.S. inflation reading in a row as the consumer price index rose by just 0.1% in August. But the report also showed inflation has spread more broa...
UN warns of ‘uncharted territories of destruction’
Boys, victims of the flood, reach out for food from a relief worker, following rains and floods during the monsoon season in Nowshera, Pakistan August 30, 2022. Fayaz Aziz | Reuters The United Nations...
$290,000,000 in Bitcoin and Crypto Liquidated As Inflation Data Pummels Markets
Nearly $300 million worth of Bitcoin (BTC) and other crypto assets have disappeared from the markets as inflation continues to surge. According to crypto data aggregator Coinglass, the digital assets ...
4 big factors impacting markets and the economy right now
Avalon_studio | E+ | Getty Images HUNTINGTON BEACH, Calif. — There are four big trends impacting the economy and stock market right now, and uncertainty around each is creating challenges for investor...
CPI Inflation Low, But Offers Little Encouragement For Fed Or Markets
Jerome Powell, chairman of the U.S. Federal Reserve, is unlikely to be comforted by the August CPI … [+] report which showed underlying inflation remains in many areas of the U.S. economy. Photo...
SES CEO on satellite broadband company’s difference from SpaceX’s Starlink
PARIS — European satellite broadband operator SES wants to distinguish its services from the likes of industry challengers in SpaceX’s Starlink and Amazon’s Kuiper, as the company looks to...
Rent the Runway, Oracle, Wolfspeed and more
Check out the companies making headlines before the bell: Rent the Runway — Shares dropped 22% after the fashion rental company said it’s laying off 24% its corporate workforce. Additionally, Re...
Multi-billion dollar asset manager Stone Ridge files to liquidate bitcoin strategy fund
Stone Ridge Asset Management LLC filed a liquidation and dissolution plan for its bitcoin strategy fund with the Securities and Exchange Commission (SEC) on Monday. Per the filing, the liquidation of ...
China’s tourism revenue was below pre-Covid 2019 levels amid lockdowns
National tourism revenue for the long weekend ended Monday reached 28.68 billion yuan ($4.16 billion), only 60.6% of pre-pandemic levels in 2019, according to China’s Ministry of Culture and Tou...
Cramer says buy this auto maker and this battery maker
OneMain (OMF): “It’s got more exposure to a downturn than almost any other stock that I know. It’s the Dallas Cowboys of financials.” Freyr Battery (FREY): “We have too m...
sustainability efforts and profits can coexist
Making profits and doing right by shareholders and working on ways to protect the environment and mitigate climate change are not mutually exclusive, Adam Selipsky, CEO of cloud leader Amazon Web Serv...
Cramer thinks the mid-June market bottom will hold despite the many troubles facing stocks
CNBC’s Jim Cramer said Monday he believes the stock market low of mid-June will hold as the bottom in this terrible year of selling. However, he acknowledged that it won’t be easy and that...
Inflation ‘collapse’ will spark big stock market gains: Credit Suisse
Credit Suisse expects the Federal Reserve to pause interest rate hikes sooner than widely expected due to tumbling inflation. According to the firm’s chief U.S. equity strategist, it will launch...
Oracle Stock Rises. Sales Topped Guidance but Profits Missed.
Text size Oracle’s headquarters. The software giant’s earnings disappointed. Justin Sullivan/Getty Images Oracle posted mixed numbers for the quarter. Revenue edged out guidance, but profi...
‘Business travel is back’ true to my pandemic prediction
Expedia CEO Peter Kern told CNBC on Monday business travelers have returned. During the dark times of the Covid pandemic in late 2020, he predicted they would make a comeback and that day has come. &#...
Goldman Sachs Is Preparing Layoffs. Tech Isn’t the Only Industry Cutting Jobs.
Text size Goldman Sachs is putting together a plan to lay off employees, according to reports. Jason Alden/Bloomberg Goldman Sachs is putting together a plan to lay off employees, according to media r...
Still oversold, buy Starbucks, ESPN’s future
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 Monday’s key moments. Stocks add to last weekR...
Bristol-Myers Squibb, Twitter, Gilead Sciences and more
Check out the companies making the biggest moves midday Monday: Gilead Sciences — Shares of Gilead rose 3.8% after the biopharmaceutical company revealed it settled a patent case over its HIV therapie...
Carvana, Bristol-Myers Squibb, Alphatec and more
Ernie Garcia, CEO, Carvana Scott Mlyn | CNBC Check out the companies making headlines before the bell Monday. Carvana — Shares of the online car seller rose more than 7% in the premarket after Piper S...
These three potential ‘naked swimmers’ threaten stocks and financial markets
Following a hat trick for all three major indexes last week, both optimism and trepidation are in the air as a new trading stretch begins. But some, like the Kobeissi Letter’s editor in chief and foun...
Stocks, US Futures Extend Rally as Dollar Tumbles: Markets Wrap
(Bloomberg) — European stocks and US futures extended a rally and the dollar retreated as traders bet inflation is near peaking even as policy makers ramp up hawkish rhetoric. Most Read from Blo...
Occidental Stock Jumps As Warren Buffett Adds to $16 Billon Stake
Occidental Petroleum (OXY) shares jumped higher Monday after billionaire investor Warren Buffett added to both his stake in the oil major and speculation that he may be preparing to buy at least hal...
Carvana Stock Is ‘Grossly Undervalued,’ Analyst Says
Text size Carvana stock has lost 84% this year. Mark Ralston / AFP via Getty Images Declining prices for used cars, rising interest rates, and a series of regulatory challenges have pummeled Carvana s...