JPMorgan’s Jamie Dimon warns inflation and interest rates may stay higher

JPMorgan’s Jamie Dimon warns inflation and interest rates may stay higher

Jamie Dimon, President & CEO,Chairman & CEO JPMorgan Chase, speaking on CNBC’s Squawk Box at the World Economic Forum Annual Meeting in Davos, Switzerland on Jan. 17th, 2024. Adam Galici | CNBC JPMorgan Chase CEO Jamie Dimon on Friday issued another warning about inflation despite recent signs of easing in price pressures. “There has been some … Read more

Why the Fed may not cut in September

Why the Fed may not cut in September

Jerome Powell, chairman of the US Federal Reserve, during a Senate Banking, Housing, and Urban Affairs Committee hearing in Washington, DC, US, on Tuesday, July 9, 2024. Bloomberg | Bloomberg | Getty Images Markets now firmly expect a September interest rate cut in the U.S., but the Federal Reserve has a strong reason to hold … Read more

High inflation is largely not Biden’s or Trump’s fault, economists say

High inflation is largely not Biden’s or Trump’s fault, economists say

President Joe Biden and former President Donald Trump participate in the CNN Presidential Debate on June 27, 2024 in Atlanta. Justin Sullivan | Getty Images News | Getty Images Inflation decelerated again in June, bringing further relief to consumers’ wallets. The consumer price index rose 3% in June 2024 from June 2023, down from a … Read more

S&P retreats, yen surges, Tesla sinks

S&P retreats, yen surges, Tesla sinks

Traders work on the floor at the New York Stock Exchange on Oct. 27, 2023. Brendan Mcdermid | Reuters 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 see? You … Read more

S&P retreats, yen surges, Tesla sinks

S&P retreats, yen surges, Tesla sinks

Traders work on the floor of the New York Stock Exchange.  NYSE 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 see? You can subscribe here. What you need to know … Read more

Here’s the inflation breakdown for June 2024 — in one chart

Here’s the inflation breakdown for June 2024 — in one chart

David Paul Morris/Bloomberg via Getty Images Inflation fell further in June as lower gasoline prices combined with other easing price pressures to bring relief for consumers’ wallets. The consumer price index, a key inflation gauge, rose 3% in June from a year ago, down from 3.3% in May, the U.S. Labor Department reported Thursday. The … Read more

Britain’s largest water utility grapples with $15 billion debt pile

Britain’s largest water utility grapples with  billion debt pile

Engineers from a Thames Water leak hunting team unloads equipment from their van during a night shift in London, UK, on Wednesday, May 2, 2023. The chief executive of Britain’s biggest water supplier stepped down with immediate effect on Tuesday. Bloomberg | Bloomberg | Getty Images LONDON — British regulators on Thursday took the unprecedented … Read more

Delta Air Lines (DAL) earnings Q2 2024

Delta Air Lines (DAL) earnings Q2 2024

Nurphoto | Nurphoto | Getty Images Delta Air Lines on Thursday forecast record revenue for the third quarter thanks to booming summer travel demand, but its earnings forecast fell short of analysts’ estimates. Shares of Delta fell about 7% in premarket trading. Here’s how the company performed in the three months ended June 30, compared with … Read more

A true bull market — it’s not the U.S.

A true bull market — it’s not the U.S.

Traders work on the floor of the New York Stock Exchange during morning trading on October 04, 2023 in New York City.  Michael M. Santiago | 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 … Read more