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Shareholder payouts hit a record $1.7 trillion last year as bank profits surged

Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., March 5, 2024.Brendan Mcdermid | ReutersLONDON — Global d...

Mercedes-Benz workers in Alabama vote against UAW union membership

United Auto Workers (UAW) members and supporters on a picket line outside the ZF Chassis Systems plant in Tuscaloosa, Alabama, US, on Wednesday, ...

Lululemon cuts guidance, misses sales estimates after botched product launch

Lululemon lowered its guidance and posted its first revenue miss in more than two years on Thursday after it botched a highly anticipated product...

Department stores face another squeeze. This time, with store credit card revenue

A customer uses a credit card to pay for items January 28, 2022 at a retail shop in New York City. Robert Nickelsberg | Getty ImagesDepartme...

Business

The NBA is picking its TV partners — and a deal hinges on Warner Bros. Discovery’s next move

NBA Commissioner Adam Silver speaks to the media during a press conference as part of the 2022 All-Star Weekend at Rocket Mortgage Fieldhouse on ...

Why Broadcom stock is tumbling after an earnings beat — and how to play the dip

Broadcom reported an earnings beat Thursday, driven by strong sales of its AI products and VMware software. But management's guidance for the cur...

How Dana Walden could defy critics and become Disney’s first female CEO

Dana Walden, co-chair of Disney EntertainmentRich Polk | Getty ImagesIn 1994, a captain of the media and entertainment industry saw something in ...

How thousands of Americans got caught in fintech’s false promise and lost access to bank accounts

Natasha Craft, a 25-year-old FedEx driver from Mishawaka, Indiana. She has been locked out of her Yotta banking account since May 11.Courtesy: Na...

UK economy slipped into technical recession at the end of 2023

Skyline view of the City of London financial district.Mike Kemp | In Pictures | Getty ImagesLONDON — The U.K. economy slipped into a technical re...

The Fed is ‘playing with fire’ by not cutting rates, says creator of ‘Sahm Rule’ recession indicator

Economist Claudia Sahm on CNBC's The Exchange.CNBCThe Federal Reserve is risking tipping the economy into contraction by not cutting interest rat...

Stanley Druckenmiller gives Biden’s economic policies an ‘F,’ blames the Fed for reigniting inflation

Reckless government spending enabled by the Federal Reserve is hurting average Americans and endangering President Joe Biden's chances at getting...

Earnings

Nordstrom shares climb 5% as earnings top estimates, but retailer issues cautious guidance

Nordstrom on Tuesday posted earnings that blew past Wall Street's expectations, indicating the department store is making strides in its efforts ...

Dollar Tree shares plunge 22% after discounter cuts full-year forecast

Klarna rival Zilch posts first profit and appoints ex-Aviva CEO to board ahead of IPO

Best Buy stock soars on a beat and raise. We think that’s just the beginning

Latest

JPMorgan top economist says the Fed should cut rates by a half point this month

Michael Feroli, chief U.S. economist of JPMorgan Securities, listens during a Bloomberg Television interview in New York on March 6, 2018.Christo...

Friday’s jobs report for August is going to be huge. Here’s what to expect

Andreypopov | Istock | Getty ImagesWall Street is gearing up for one of the most important economic releases of the year Friday, when the Labor D...

Why Broadcom stock is tumbling after an earnings beat — and how to play the dip

Broadcom reported an earnings beat Thursday, driven by strong sales of its AI products and VMware software. But management's guidance for the cur...

CNBC’s Official NFL Team Valuations 2024: Here’s how the 32 franchises stack up

CNBC Official 2024 NFL Team ValuationsJoin us on Sept. 10 in Los Angeles for CNBC x Boardroom's Game Plan. This high-powered event brings togethe...

Cramer names the No. 1 underappreciated megacap to buy in the recent tech stock sell-off

Microsoft's generative artificial intelligence prospects are impressive. But the stock has more to offer investors than just the new tech. Jim Cr...

Job openings fell more than expected in July in another sign of labor market softening

Job openings slumped to their lowest level in 3½ years in July, the Labor Department reported Wednesday in another sign of slack in the labor mar...

Dollar Tree shares plunge 22% after discounter cuts full-year forecast

Shares of Dollar Tree fell more than 22% on Wednesday after the discounter cut its full-year outlook, citing increasing pressures on middle-incom...

NFL’s next big media rights payday is years off — and subject to a shifting industry

A view of a ESPN cameraman during the game between the Jacksonville Jaguars and the Cincinnati Bengals on December 4, 2023 at EverBank Stadium in...

China’s property woes and U.S. sanctions have hit some cities hard

BEIJING — China's property struggles and U.S. sanctions have significantly affected some of its cities, even as others benefit from Beijing's tec...

Weak manufacturing measures raise specter of U.S. economic slowdown

Workers assemble second-generation R1 vehicles at electric auto maker Rivian's manufacturing facility in Normal, Illinois, U.S. June 21, 2024.&nb...

Klarna rival Zilch posts first profit and appoints ex-Aviva CEO to board ahead of IPO

Zilch CEO Phil Belamant.ZilchBritish financial technology firm Zilch on Tuesday reported its first-ever month of profit, marking a key milestone ...

NBC ripped up its Olympics playbook for 2024 — so far, the new strategy paid off

Mike Tirico is seen on the set of NBCUniversal Paris 2024 Olympics coverage on August 04, 2024 in Paris, France. Kristy Sparow | Getty Image...

Economy

Something strange has been happening with jobless claims numbers lately

A "Now Hiring" sign is displayed on a shopfront on October 21, 2022 in New York City.Leonardo Munoz | View Press | Corbis News | Getty ImagesCall...

Friday’s jobs report for August is going to be huge. Here’s what to expect

Andreypopov | Istock | Getty ImagesWall Street is gearing up for one of the most important economic releases of the year Friday, when the Labor D...

Job openings fell more than expected in July in another sign of labor market softening

Job openings slumped to their lowest level in 3½ years in July, the Labor Department reported Wednesday in another sign of slack in the labor mar...

Weak manufacturing measures raise specter of U.S. economic slowdown

Workers assemble second-generation R1 vehicles at electric auto maker Rivian's manufacturing facility in Normal, Illinois, U.S. June 21, 2024.&nb...

Goldman Sachs cuts odds of U.S. recession to 20% after retail and jobs data

Goldman Sachs has cut its probability forecast for a U.S. recession to 20% shortly after raising it, as fresh labor market data sparked a reasses...

Finance

Dollar General shares crater 25% as retailer cuts outlook, blamin...

Admin—August 31, 2024 0

A sign hangs above a Dollar General store in Chicago on Aug. 31, 2023.Scott Olson | Getty ImagesDollar General shares tumbled Thursday after the ...

401(k) auto-enrollment features don’t help savings as much as expected, study finds

August 29, 2024

The IRS has a method of ‘last resort’ to collect overdue taxes: Revoking your passport

August 27, 2024

Why dividend stocks should be a hot play into fall

August 25, 2024

Earnings

MongoDB shares surge as high as 16% on guidance boost

Admin—August 31, 2024 0

Dev Ittycheria, CEO, MongoDB.Scott Mlyn | CNBCMongoDB shares jumped as much as 16% in extended trading Thursday after the database software maker...

Salesforce gets back on track — here’s what the software giant needs to deliver next

August 29, 2024

Nordstrom shares climb 5% as earnings top estimates, but retailer issues cautious guidance

August 28, 2024

Here’s why you must keep the faith in Nvidia even if this week’s earnings fail to wow

August 27, 2024

Economy

The Fed’s favorite inflation indicator increased 0.2% in July, as...

Admin—August 31, 2024 0

Inflation edged higher in July, according to a measure favored by the Federal Reserve as the central bank prepares to enact its first interest ra...

Nonfarm payroll growth revised down by 818,000, Labor Department says

August 29, 2024

Increased sausage demand could be worrying signal on the economy

August 27, 2024

A recession is coming in the U.S., and ‘a few rate cuts’ won’t prevent it, says strategist

August 25, 2024