financial news, stocks, investing, and market trends, as well as stories on major companies and their leaders.
Following a CNBC CEO Conference in Santa Barbara, California, I came away with two thoughts. First, artificial intelligence (AI) is by far the most important topic of conversation, regardless of forum or party. And, second, no one has a clue how to make money with it. Funnily enough, even though everyone says they’ve been using …
Cramer explains why investors should make money on AI Read More »
Young Chinese face the prospect of weaker economic gains amid record youth unemployment in the world’s second-largest economy. CGV | Visual Group China | Getty Images As China’s youth unemployment hits an all-time high, college graduates are caught in a perfect storm – some being forced to take low-paying jobs or settle for jobs below …
Record youth unemployment stokes economic worries in China Read More »
President Joe Biden leaves the Roosevelt Room of the White House after delivering remarks on an agreement reached yesterday with House Speaker Kevin McCarthy to raise the national debt ceiling May 28, 2023 in Washington, DC. Anna Rose Layden | Getty Images News | Getty Images This report comes from today’s CNBC Daily Open, our …
Shoppers visit a supermarket in Manchester, Britain March 22, 2023. The government is said to be in talks with supermarkets over voluntary price caps on certain items. Xinhua News Agency | Xinhua News Agency | Getty Images LONDON – The UK government has said it is engaging in the food sector as part of attempts …
The Disney+ logo is displayed on a television screen in Paris on December 26, 2019. Chesnot | Getty Images Streaming was meant to be forever. It was the promise of a digital library of movies and TV shows. Consumers have become accustomed netflix browse titles, knowing that when Hollywood studios launched their own streaming services, …
Streaming Services Are Removing Movies, Shows: Here’s Why Read More »
These days, many people are worried about paying for college. According to a recent report by Edward Jones. Checking your 529 college savings balance may not bring you much comfort either. Last year, these popular savings plans were hit hard during a prolonged period of market volatility. The average account balance was $25,630 at the …
Turkey voted on Sunday for another five years as head of Recep Tayyip Erdogan, the powerful nationalist president who is now entering his third decade in office. Russian President Vladimir Putin was among leaders who congratulated Erdogan on his victory on Monday, calling him a “dear friend”, according to the Kremlin. Turkey’s historic election is …
Putin hails ‘dear friend’ Erdogan as NATO’s challenge to Turkey looks set to stay Read More »
As has been the case for most of the year, last week’s stock story centered on the Nasdaq Composite, which strengthened on Thursday and Friday following Club’s bumper earnings report. Nvidia Holding (NVDA). Along with beating on revenue and earnings, the chipmaker unveiled jaw-dropping guidance for its current quarter, while hinting at an even stronger …
Nvidia stole the show. Now it’s all about the debt ceiling Read More »
TikTok Chief Executive Shou Zi Chew is pictured on the day he will testify before a House Energy and Commerce Committee hearing entitled “TikTok: How Congress can Safeguard American Data Privacy and Protect Children from Online Harms,” as lawmakers scrutinize the Chinese-owned video-sharing app, on Capitol Hill in Washington, U.S., March 23, 2023. Evelyn Hockstein …
Chinese apps remain popular in the US despite efforts to ban TikTok Read More »
A waitress delivers sushi orders at Masa Hibachi Steakhouse & Sushi in Silver Spring, Maryland. Bill O’Leary | The Washington Post | Getty Images Warmer weather generally boosts restaurant sales, but diners may be holding back for the second summer in a row as inflation weighs on consumers’ minds — and wallets. “I think operators …
Restaurants report strong summer sales as consumers fear inflation Read More »
“I made this decision in light of the results of the elections held yesterday,” Spanish Prime Minister Pedro Sanchez said during a televised press briefing, according to a CNBC translation. News Europa Press | European Press | Getty Images Spanish Prime Minister Pedro Sanchez has called for the Spanish Parliament to be dissolved and for …
Spanish Prime Minister calls for early legislative elections Read More »
Lisa Terauchi-D’Rozario’s husband had been a captain of Hong Kong airline Cathay Dragon for 14 years when he lost his job in October 2020, she said. Cathay Pacific has cut thousands of jobs and closed its regional airline during the pandemic. The news was overwhelming, Lisa said. The family decided to leave Hong Kong to …
How one family turned a job loss into an opportunity to travel the world Read More »
Wharton professor and renowned economist Jeremy Siegel is optimistic about the Big Tech boom fueled by artificial intelligence despite fears of a bubble. An AI chip craze, driven by demand for AI-powered chatbots and high-powered graphics processing units – used to train such chatbots on supercomputers – has seen investors pile into some stocks, some …
Wharton’s Jeremy Siegel predicts an AI-powered Big Tech boom Read More »
WASHINGTON, DC – MAY 26: U.S. Speaker of the House Rep. Kevin McCarthy (R-CA) speaks to members of the media after arriving at the U.S. Capitol on May 26, 2023 in Washington, DC. President McCarthy discussed the latest developments in the debt ceiling negotiations with the White House. (Photo by Win McNamee/Getty Images) Win Mcnamee …
Traders Bullish on Debt Ceiling Agreement; strategist says it’s an opportunity Read More »
Starbucks opened its 6,000 store in mainland China in September 2022. Bloomberg | Bloomberg | Getty Images BEIJING — Chinese consumer spending will not return to pre-Covid levels anytime soon, a problem for international brands such as Starbucks, Morgan Stanley said in a report on Sunday. Not only are people more cautious, but they now …
Starbucks will not benefit from China’s post-Covid recovery Read More »
A man holding a Turkish flag. Uriel Sinai | Getty Images THE turkish lira sank on Monday as incumbent Recep Tayyip Erdogan claimed victory in the 2023 presidential election, extending his rule for a third decade in power. The currency was trading at 19.97 against the greenback as of 4 a.m. London time on Monday, …
Turkish lira falls to near record low with Erdogan’s re-election Read More »
“Many of the most common financial mistakes – looking for quick gains, trying to ‘time the market’ and reacting instinctively to market volatility – can all be avoided by taking a longer-term perspective,” says one expert. at CNBC Make It. peki | E+ | Getty Images Making money mistakes can be scary and seem catastrophic. …
The money mistakes that could change your future, according to experts Read More »
Traders react as Federal Reserve Chairman Jerome Powell is seen delivering remarks on a screen, on the floor of the New York Stock Exchange (NYSE) in New York, March 22, 2023. Brendan McDermid | Reuters The market has long priced in interest rate cuts from major central banks towards the end of 2023, but sticky …
Major central banks were soon to suspend rate hikes. Now it’s not so clear Read More »
Documents | Getty Images Entertainment | Getty Images Despite his battle with Governor Ron DeSantis, disney remains attached to the State of Florida. The media and theme park juggernaut is set to invest $17 billion in Central Florida’s Walt Disney World resort over the next decade, which includes the potential creation of 13,000 jobs. Those …
Disney plans to spend billions in Florida despite DeSantis fight Read More »
A Citibank sign in front of one of the company’s offices in California. Justin Sullivan | Getty Images Over the past decade, rising household incomes have helped boost the consumer goods sector, providing an excellent investment opportunity for those who know where to look. TipRanks has recognized Wall Street’s top 10 analysts in the consumer …
TipRanks Reveals Wall Street’s Top Analysts in Consumer Goods Read More »
