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Germany’s housebuilding sector is in a ‘confidence crisis’ as the economy struggles

A construction site with new apartments in newly built apartment buildings.Patrick Pleul | Picture Alliance | Getty ImagesGermany's housebuilding...

True Religion explores a sale as maximalist, Y2K-era styles make a comeback

The hedge fund that owns True Religion is exploring a sale of the Y2K-era jeans brand as it returns to growth and profitability after emerging fr...

Treasury Secretary Yellen says U.S. debt load is in ‘reasonable place’ if it remains at this level

Treasury Secretary Janet Yellen on Thursday said the swelling national debt is manageable as long as it stays around where it is relative to the ...

Christie’s just sold a Rothko painting for $100 million in a secret sale. Here are the details

Christie's auction house in New York.CNBCA version of this first article appeared in CNBC's Inside Wealth newsletter with Robert Frank, a weekly ...

Business

Starbucks, Workers United made ‘significant progress’ in this week’s contract talks

A Starbucks worker boards the Starbucks union bus after Starbucks workers stood on the picket line with striking SAG-AFTRA and Writers Guild of A...

Sony raises guidance on gaming strength, quarterly operating profit beats estimates

Sony's PlayStation 5.Thiago Prudencio | Lightrocket | Getty ImagesSony raised sales guidance for the full year on Friday and posted operating pro...

Ford guides to low end of 2024 earnings forecast as it slightly tops Wall Street’s third-quarter expectations

Ford and Lincoln vehicles are displayed for sale at a Ford dealership on August 21, 2024 in Glendale, California. Mario Tama | Getty ImagesD...

NFL owners vote in favor of private equity investment; select firms commit $12 billion

The NFL's most exclusive club just let in new members.At a special league meeting in Eagan, Minnesota, on Tuesday, National Football League owner...

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...

IMF upgrades UK growth forecast in another boost to new Labour government

Seen through the branches of trees in Ruskin Park are the lit porches of terraced period homes and in the distance, the growing development at Ni...

Eli Lilly’s blowout quarter should quiet investor concerns about the stock

Eli Lilly on Thursday reported a home-run quarter fueled by sales of its blockbuster obesity and diabetes drugs, quieting any lingering investor ...

Earnings

We’re hiking our price target on Morgan Stanley despite a miss in a key business

Morgan Stanley on Tuesday reported second-quarter results that largely exceeded Wall Street expectations — though weakness in one key segment war...

E.l.f. shares soar as cosmetics retailer raises guidance after posting 40% sales gain

Super Micro shares plunge 17% after company says no timetable for annual results, issues weak guidance

Amazon shares jump 6% after earnings beat

Latest

China announces $1.4 trillion package over five years to tackle local governments’ ‘hidden’ debt

BEIJING – China on Friday announced a five-year package totaling 10 trillion yuan ($1.4 trillion) to tackle local government debt problems, while...

Powell and the Fed won’t be able to avoid talking about Trump forever

Federal Reserve Board Federal Reserve Chairman Jerome Powell speaks during a news conference following a Federal Open Market Committee meeting in...

Sony raises guidance on gaming strength, quarterly operating profit beats estimates

Sony's PlayStation 5.Thiago Prudencio | Lightrocket | Getty ImagesSony raised sales guidance for the full year on Friday and posted operating pro...

MLB, Braves object to Diamond Sports reorganization plan, question company’s future viability

A Major League Baseball logo at Angel Stadium in Anaheim, California, May 22, 2022.Ronald Martinez | Getty ImagesMajor League Baseball and the At...

UniCredit and Commerzbank square off with target hikes amid takeover battle

The logo of German bank Commerzbank seen on a branch office near the Commerzbank Tower in Frankfurt.Daniel Roland | Afp | Getty ImagesTwo months ...

The Fed is expected to cut interest rates again Thursday. Here’s everything you need to know

Federal Reserve Board Chairman Jerome Powell holds a press conference following a two-day meeting of the Federal Open Market Committee on interes...

E.l.f. shares soar as cosmetics retailer raises guidance after posting 40% sales gain

e.l.f Beauty power grip primer.Courtesy: e.l.f BeautyE.l.f. Beauty raised its full-year guidance on Wednesday after posting a 40% growth in sales...

Trump’s proposed tariffs could raise prices for consumers and slow spending

Shoppers walk through the Fashion Centre at Pentagon City, a shopping mall in Arlington, Virginia, February 2, 2024.Saul Loeb | Afp | Getty Image...

China’s central bank affirms supportive monetary policy stance at closely watched meeting

Pan Gongsheng, governor of the People's Bank of China, delivers a speech during the 2024 Lujiazui Forum on June 19, 2024 in Shanghai, China.Vcg |...

Gender? Economy? Experts weigh in on which factor is most likely to flip the presidential race

When the votes are counted in the U.S. presidential election, will it be the gender gap, the income gap, the Latino vote or the media and marketi...

Super Micro shares plunge 17% after company says no timetable for annual results, issues weak guidance

Charles Liang, CEO of Super Micro Computer Inc., during the Computex conference in Taipei, Taiwan, on June 5, 2024.Annabelle Chih | Bloomberg | G...

Trump says he will give RFK Jr. a major health role if he wins the White House. Here’s what that means for patients, drugmakers

Republican presidential nominee, former U.S. President Donald Trump welcomes Robert F. Kennedy Jr. to the stage at a Turning Point Action campaig...

Economy

Global public debt will hit $100 trillion by year-end, says IMF

A man walks past signage for the the 2024 IMF/World Bank Annual Meetings outside of the headquarters of the International Monetary Fund in Washin...

Powell and the Fed won’t be able to avoid talking about Trump forever

Federal Reserve Board Federal Reserve Chairman Jerome Powell speaks during a news conference following a Federal Open Market Committee meeting in...

The Fed is expected to cut interest rates again Thursday. Here’s everything you need to know

Federal Reserve Board Chairman Jerome Powell holds a press conference following a two-day meeting of the Federal Open Market Committee on interes...

Gender? Economy? Experts weigh in on which factor is most likely to flip the presidential race

When the votes are counted in the U.S. presidential election, will it be the gender gap, the income gap, the Latino vote or the media and marketi...

Jobless rate ticks higher in October for white Americans, bucking the broader trend

A jobseeker holds flyers during the New York Public Library's annual Bronx Job Fair & Expo at the the Bronx Library Center in the Bronx borou...

Finance

BlackRock launches ETF that expands beyond the ‘Magnificent...

Admin—November 1, 2024 0

BlackRock's iShares is trying to appeal to investors who want to diversify beyond from the so-called Magnificent Seven.The firm launched th...

JPMorgan begins suing customers who allegedly stole thousands of dollars in ‘infinite money glitch’

October 30, 2024

Chinese IPOs in the U.S. and Hong Kong are set to increase next year, analysts say

October 29, 2024

Watch CFPB Director Rohit Chopra speak at DC Fintech Week

October 27, 2024

Earnings

Apple stuck it to the naysayers with better-than-feared financial...

Admin—November 1, 2024 0

Apple late Thursday delivered a quarter that can only be described as much better than feared. It wasn't perfect, but it was pretty darn good. Re...

Alphabet’s two pillars of growth stand tall in the latest quarter. But we’re not ready to act

October 30, 2024

American Airlines lifts 2024 profit forecast after sales strategy shift, posts third-quarter loss

October 29, 2024

Industrial AI play Dover falls on a noisy quarter. Here’s why we’d buy the dip

October 27, 2024

Economy

Friday’s jobs report is expected to show the slowest pace o...

Admin—November 1, 2024 0

Hiring signs outside a Stewart's gas station in Catskill, New York, US, on Wednesday, Oct. 2, 2024. Angus Mordant | Bloomberg | Getty Images...

Consumer confidence surges as election nears, while job openings move lower

October 30, 2024

Foreign investors flock to flagship Saudi economic conference — but face less free-flowing cash

October 29, 2024

Russia’s central bank raises key rate to 21% to rein in higher-than-forecast inflation

October 27, 2024