The market has managed to put behind the “economic anxiety” it faced as recently as the fourth quarter of 2023, according to Citadel CEO Ken Griffin. The hedge fund manager said Tuesday that a soft landing could happen this year, with recent data indicating a solid labor market, healthy GDP growth and inflation moderating at … Read more
American workers are spending too much time looking at screens. More than 104 million people in the U.S., including nearly 70% of people working office jobs, spend upward of seven hours a day looking at screens, according to a Tuesday report from the Deloitte Economics Institute and the American Optometric Association. As a result, symptoms … Read more
Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., January 29, 2024. Brendan Mcdermid | Reuters Geopolitical risks may be mounting, but stocks are still the “asset class of choice,” according to Beat Wittmann, partner at Porta Advisors, who also said the outcome of the U.S. election … Read more
A trader reacts as a screen displays 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 newsletter. CNBC Daily Open brings investors up to speed on everything … Read more
A GMC pickup truck is displayed for sale on a lot at a General Motors dealership in Austin, Texas, on Jan. 5, 2023. Brandon Bell | Getty Images DETROIT — General Motors is set to report its fourth-quarter earnings before the bell Tuesday. Here’s what Wall Street is expecting, according to average estimates compiled by … Read more
Traders react as a screen displays the Fed rate announcement on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., December 13, 2023. REUTERS/Brendan McDermid 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 … Read more
The U.S. Department of Justice in Washington, D.C., June 20, 2023. Kevin Dietsch | Getty Images News | Getty Images The Department of Justice on Monday announced criminal charges against two people and the guilty plea of a third person for orchestrating a worldwide $1.9 billion cryptocurrency Ponzi fraud scheme known as HyperFund, among other … Read more
Former South Carolina Gov. Nikki Haley drew a sharp line Monday between her views on trade and the tariffs proposed by her rival, Republican front-runner Donald Trump. “This is a man who now wants to go and put 10% tariffs across the board, raising taxes on every single American. Think about that for a second,” … Read more
Starbucks is launching its beverages called Oleato in all U.S. stores. Courtesy: Starbucks Starbucks is launching its olive oil-infused drinks in all U.S. stores beginning Tuesday, the company said. The beverages, named Oleato, debuted in Italy in February 2023 after former CEO Howard Schultz visited the country and noticed locals drinking olive oil daily. The … Read more
U.S. Sen. Lindsey Graham speaks at a press conference at the U.S. Capitol on August 05, 2022 in Washington, DC. Kevin Dietsch | Getty Images Congressional lawmakers are demanding President Joe Biden strike Iran after three U.S. troops were killed Sunday night in Jordan in a drone strike claimed by the Islamic Resistance of Iraq, … Read more
