Is the battle against inflation getting tougher?

Is the battle against inflation getting tougher?

A trader works, as a screen displays a news conference by Federal Reserve Board Chairman Jerome Powell following the Fed rate announcement, on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., December 13, 2023.  Brendan Mcdermid | Reuters This report is from today’s CNBC Daily Open, our international markets … Read more

Jeff Bezos unloads around $2.4 billion in Amazon stock

Jeff Bezos unloads around .4 billion in Amazon stock

Jeff Bezos attends at “The Lord Of The Rings: The Rings Of Power” World Premiere in August, 2022. Dave J Hogan | Getty Images Entertainment | Getty Images Amazon founder and executive chairman Jeff Bezos unloaded more than 14 million shares of his company valued at roughly $2.4 billion, bringing the total sold since the … Read more

Amazon to replace Walgreens in Dow Industrial Average on February 26

Amazon to replace Walgreens in Dow Industrial Average on February 26

Amazon CEO Andy Jassy speaks with CNBC’s Jon Fortt. CNBC Amazon will replace Walgreens Boots Alliance in the Dow Jones Industrial Average, S&P Dow Jones Indices, which manages the price-weighted measurement of 30 stocks, said on Tuesday. Amazon shares moved up 1% in extended trading, and Walgreens stock moved 3% lower. The move will result … Read more

Nvidia faces stiff test in Q4 earnings after ‘parabolic’ stock rally

Nvidia faces stiff test in Q4 earnings after ‘parabolic’ stock rally

When Nvidia reports fiscal fourth-quarter earnings after the market close Wednesday, it will do so as the world’s third most valuable public company. Investors are giving the company little margin for error. Nvidia’s stock price has soared fivefold since the end of 2022, as demand has skyrocketed for its graphics processing units that sit at … Read more

U.S. consumers stay bullish on the economy

U.S. consumers stay bullish on the economy

A shopper carries several bags in the Magnificent Mile shopping district of Chicago on Dec. 2, 2023. Taylor Glascock | Bloomberg | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. … Read more

U.S. consumers upbeat on the economy

U.S. consumers upbeat on the economy

People cross the street outside the Macy’s Herald Square store in New York City on Dec. 17, 2023. Kena Betancur | Corbis News | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where … Read more

Job posts for workers without degrees are booming, but not the hiring

Job posts for workers without degrees are booming, but not the hiring

Many of the market’s top companies with the largest workforces in the nation are touting degreeless jobs and actively removing degree requirements from more job postings. The idea of hiring based on skill rather than completion of college education for certain roles has become more prevalent at a time when workers are in short supply … Read more

Disney star Bridgit Mendler launches satellite startup Northwood Space

Disney star Bridgit Mendler launches satellite startup Northwood Space

Actress and singer Bridgit Mendler attends NBCUniversal’s after party for the 72nd annual Golden Globes Awards at The Beverly Hilton hotel in Beverly Hills, California, on Jan. 11, 2015. Paul Archuleta | Filmmagic | Getty Images Bridgit Mendler is no stranger to reaching millions of people — now she wants to change how satellite data … Read more

Magnificent 7 profits now exceed almost every country in the world. Should we be worried?

Magnificent 7 profits now exceed almost every country in the world. Should we be worried?

Traders work on the floor of the New York Stock Exchange during morning trading on January 31, 2024 in New York City. Michael M. Santiago | Getty Images The so-called “Magnificent 7” now wields greater financial might than almost every other major country in the world, according to new Deutsche Bank research. The meteoric rise … Read more

Is progress on inflation stalling?

Is progress on inflation stalling?

Prices on displayed in a New York grocery store on Feb. 1, 2023. Leonardo Munoz | Corbis News | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you … Read more