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Taylor Swift, Beyoncé and ‘Barbenheimer’ are lifting consumer spending this quarter. But Morgan Stanley says it may not last

Taylor Swift, Beyonce, Barbie, OppenheimerGetty ImagesConsumer spending may not be out of the woods.Real spending is expected to come in 1.9% hig...

TripAdvisor rival GetYourGuide nears $2 billion valuation as it raises fresh funds to invest in A.I.

GetYourGuide CEO Johannes Reck.GetYourGuideGerman online travel startup GetYourGuide raised $194 million from investors, hoping to capitalize on ...

Labor costs show surprise decline in the third quarter

Construction workers at a project in the Upper East Side neighborhood of Manhattan, NY on Oct. 6th, 2023. Adam Jeffery | CNBCThe cost of lab...

Most Americans tip 15% or less at a restaurant — and some tip nothing, poll finds

Thomas Barwick | Digitalvision | Getty ImagesWhen it comes to dining, tipping at least 15% to 20% is traditional etiquette, say experts.It seems ...

Business

New York is cracking down on illegal weed stores as legal market struggles to take hold

A pedestrian passes a smoke shop in New York City on June 16, 2023. New York authorities are cracking down on unlicensed smoke shops that are sel...

Salesforce shares jump on better-than-expected earnings report

Marc Benioff, CEO of Salesforce, participates in a conversation on AI and the Future at the Asia-Pacific Economic Cooperation (APEC) Leaders' Wee...

Buy Buy Baby draws sale interest in Bed Bath & Beyond bankruptcy, one bidder looks to save stores

Bed Bath & Beyond is expected to be dissolved after the failed retailer declared bankruptcy, but the company's crown jewel — Buy Buy Baby — m...

Tucker Carlson to host show on Twitter after being fired from Fox News

Tucker Carlson is back – on Twitter.The right wing TV personality said in a video on his Twitter feed Tuesday that he is relaunching his show on ...

Charlie Munger reportedly warns of trouble for the U.S. commercial property market

Charles Munger at the Berkshire Hathaway Annual Shareholders Meeting in Omaha, Nebraska, April 29, 2022.David A. Grogan | CNBCCharlie Munger beli...

Yellen says it should be ‘unthinkable’ for the U.S. to default on its debt

Janet Yellen, US Treasury secretary, during a news conference at the Group of Seven (G-7) finance ministers and central bank governors meeting in...

Modi, Biden pledge to deepen India-U.S. partnership as world leaders meet in Delhi for G20 summit

US President Joe Biden (C) and Indian Prime Minister Narendra Modi (2R) arrive for the first session of the G20 Leaders' Summit in New Delhi on S...

Earnings

Europe’s Stripe rival Adyen dives 39% after slowest sales growth on record

The Adyen logo displayed on a smartphone.Rafael Henrique | SOPA Images | LightRocket via Getty ImagesShares of Adyen, the European payments giant...

Best Buy cuts sales forecast, as holiday shoppers hunt for deals

Abercrombie & Fitch raises outlook after quarterly sales surge 20%

Nordstrom sales come up short, echoing broader retail industry pressures

Latest

Why Warren Buffett wouldn’t have become the greatest investor ever without Charlie Munger

Charlie Munger ahead of the Berkshire Hathaway Annual Shareholders Meeting in Omaha Nebraska.David A. Grogan | CNBCWarren Buffett is arguabl...

Here’s what it would take for the Fed to start slashing interest rates in 2024

The Marriner S. Eccles Federal Reserve building during a renovation in Washington, DC, US, on Tuesday, Oct. 24, 2023.Valerie Plesch | Bloomberg |...

Salesforce shares jump on better-than-expected earnings report

Marc Benioff, CEO of Salesforce, participates in a conversation on AI and the Future at the Asia-Pacific Economic Cooperation (APEC) Leaders' Wee...

Spirit Airlines offers buyouts to salaried employees to cut costs

A Spirit Airlines plane takes off at Los Angeles International Airport in Los Angeles, June 1, 2023.Mario Tama | Getty ImagesSpirit Airlines is o...

Wells Fargo unveils 2024 target, warns of ‘really, really sloppy’ first half for stocks

Wells Fargo Securities is officially out with its 2024 stock market forecast.Chris Harvey, the firm's head of equity strategy, sees a volatile pa...

U.S. GDP grew at a 4.9% annual pace in the third quarter, better than expected

The U.S. economy grew even faster than expected in the third quarter, buoyed by a strong consumer in spite of higher interest rates, ongoing infl...

Best Buy cuts sales forecast, as holiday shoppers hunt for deals

People walk past a Best Buy store in Manhattan, New York City, November 22, 2021.Andrew Kelly | ReutersBest Buy cut its full-year sales outlook T...

Shein files for U.S. IPO as fast-fashion giant looks to expand its global reach

A Shein pop-up store inside a Forever 21 store in Times Square in New York on Nov. 10, 2023.Yuki Iwamura | Bloomberg | Getty ImagesShein has conf...

Chinese electric car giant BYD launches its popular Han sedan in the Middle East

BYD's Han electric car, pictured here at the 2021 Shanghai auto show, is one of the most popular new energy vehicles in China.Evelyn Cheng | CNBC...

Tech stocks suffer two-day selloff as investors find ‘wrinkle or two’ in Alphabet, Meta earnings

Alphabet's earnings sailed past Wall Street estimates after the markets closed on Tuesday. Meta followed suit on Wednesday, solidly topping expec...

Abercrombie & Fitch raises outlook after quarterly sales surge 20%

Abercrombie & Fitch.Courtesy: Abercrombie & FitchAbercrombie & Fitch on Tuesday blew past estimates as it posted a 20% jump in s...

With Black Friday deals and flashy displays, retailers try to convince reluctant shoppers to spend

Target hosted a free "Winter Wonderland" event in New York City to show off the holiday season's hottest toys. It's an example of the extra effor...

Economy

‘Funflation’ drives sporting event ticket prices up a whopping 25%

John Brown #16 of the Buffalo Bills celebrates with fans after catching a touchdown pass during the third quarter against the New England Patriot...

Here’s what it would take for the Fed to start slashing interest rates in 2024

The Marriner S. Eccles Federal Reserve building during a renovation in Washington, DC, US, on Tuesday, Oct. 24, 2023.Valerie Plesch | Bloomberg |...

U.S. GDP grew at a 4.9% annual pace in the third quarter, better than expected

The U.S. economy grew even faster than expected in the third quarter, buoyed by a strong consumer in spite of higher interest rates, ongoing infl...

Tech stocks suffer two-day selloff as investors find ‘wrinkle or two’ in Alphabet, Meta earnings

Alphabet's earnings sailed past Wall Street estimates after the markets closed on Tuesday. Meta followed suit on Wednesday, solidly topping expec...

The escalating Israel-Hamas conflict raises risks of global market contagion, economist says

Mohamed Aly El-Erian, chief economic advisor for Allianz SE, during a Bloomberg Television interview in London, UK, on Monday, Sept. 25, 2023. El...

Finance

Goldman Sachs paid pro golfer Patrick Cantlay more than $1 millio...

Admin—November 23, 2023 0

Patrick Cantlay of the United States plays his shot from the 18th tee during the final round of the Workday Charity Open on July 12, 2020 at Muir...

Most Americans tip 15% or less at a restaurant — and some tip nothing, poll finds

November 21, 2023

Fed’s Susan Collins says more rate hikes can’t be taken off the table yet

November 20, 2023

Legendary value investor’s firm launches new fund targeting ‘quality’ stocks

November 19, 2023

Earnings

Nvidia’s revenue triples as AI chip boom continues

Admin—November 23, 2023 0

Nvidia shares moved down 1% in extended trading on Tuesday after the chipmaker reported fiscal third-quarter results that surpassed Wall Street's...

Macy’s stock pops as inventory, margin improvement help profit beat estimates

November 21, 2023

Walmart shares slide as retailer gives a cautious outlook about consumer spending

November 20, 2023

Gap shares surge more than 30% on sales, earnings beat despite muted holiday forecast

November 19, 2023

Economy

‘Funflation’ drives sporting event ticket prices up a...

Admin—November 23, 2023 0

John Brown #16 of the Buffalo Bills celebrates with fans after catching a touchdown pass during the third quarter against the New England Patriot...

UBS sees a raft of Fed rate cuts next year on the back of a U.S. recession

November 21, 2023

Wholesale prices fell 0.5% in October for biggest monthly drop since April 2020

November 20, 2023

Ray Dalio says U.S. reaching an inflection point where the debt problem quickly gets even worse

November 19, 2023