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What Trump’s historic election victory means for the global economy

A worker is making textile export orders at a production workshop of a textile enterprise in Binzhou, China, on July 8, 2024.Nurphoto | Nurphoto ...

Consumer spending jumped in July as retail sales were up 1%, much better than expected

Consumer spending held up even better than expected in July as inflation pressures showed more signs of easing, the Commerce Department reported ...

Palo Alto Networks beat and raise fails to wow Wall Street. But that plays into our hand

Don't sweat the drop in Palo Alto Networks stock, which came despite a solid beat and raise after Wednesday's closing bell. The cybersecurity com...

Private payroll growth slowed to 122,000 in July, less than expected, ADP says

Private job growth slowed further in July while the pace of wage gains hit a three-year low, payrolls processing firm ADP reported Wednesday.Comp...

Business

‘Wicked’ tallies $19 million in previews, as ‘Gladiator II’ team-up heads for $200 million opening weekend

Posters for Wicked and Gladiator IISources: Universal (L), Paramount (R)The box office this weekend will be painted pink and green, with a splash...

Macy’s employee who hid $151 million in delivery expenses was trying to mask initial mistake, sources say

A Macy's store decorated for the holidays in San Francisco, California, US, on Wednesday, Nov. 13, 2024. David Paul Morris | Bloomberg | Get...

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’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...

Fed holds rates steady and notes progress on inflation

WASHINGTON – Federal Reserve officials on Wednesday held short-term interest rates steady but indicated that inflation is getting closer to its t...

Apple stuck it to the naysayers with better-than-feared financials, emerging iPhone 16 demand

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...

UK economy surprises with September contraction, grows just 0.1% in the third quarter

Bank of England in the City of London on 6th November 2024 in London, United Kingdom. The City of London is a city, ceremonial county and local g...

Earnings

Intuit shares drop as quarterly forecast misses estimates due to delayed revenue

Intuit CEO Sasan Goodarzi speaks at the opening night of the Intuit Dome in Los Angeles on Aug. 15, 2024.Rodin Eckenroth | Filmmagic | Getty Imag...

Oracle shares slide on earnings and revenue miss, disappointing forecast

Foot Locker shares tumble as it issues gloomy holiday outlook, sees ‘softness’ at Nike

Shares of American Eagle plunge 13% as company issues weak holiday guidance

Latest

Here’s the inflation breakdown for November 2024 — in one chart

Hispanolistic | E+ | Getty ImagesConsumers saw inflation pick up slightly in November as price increases in categories including groceries, gasol...

If Trump wants to kill inflation, the first thing he needs to do is get more homes built

Homes under construction in Englewood Cliffs, New Jersey on Nov. 19th, 2024.Adam Jeffery | CNBCIf President-elect Donald Trump is going to push i...

Macy’s employee who hid $151 million in delivery expenses was trying to mask initial mistake, sources say

A Macy's store decorated for the holidays in San Francisco, California, US, on Wednesday, Nov. 13, 2024. David Paul Morris | Bloomberg | Get...

China ramps up Wall Street meetings as Trump inauguration looms

Aly Song | ReutersChinese Vice Premier He Lifeng has met with several U.S. finance executives in the last month as Beijing seeks to build relatio...

The CPI report Wednesday is expected to show that progress on inflation has hit a wall

A man shops at a Target store in Chicago on November 26, 2024.Kamil Krzaczynski | AFP | Getty ImagesA key economic report coming Wednesday is exp...

Insurance stocks have fallen since UnitedHealthcare CEO killing

A banner hanging from on overpass along the southbound lane of I-83 that says, "Deny Defend Depose Health Care 4 All."Lloyd Fox | Baltimore Sun |...

Oracle shares slide on earnings and revenue miss, disappointing forecast

Oracle Chair and Chief Technology Officer Larry Ellison speaks at the Oracle OpenWorld conference in San Francisco on Sept. 16, 2019.Justin Sulli...

From ‘Fortnite’ to ‘Hogwarts Legacy’: One university fuels Utah’s $2 billion video game industry

Rice–Eccles Stadium, an outdoor college football venue at the University of Utah in Salt Lake City, stands against a stunning mountain backdrop.U...

UniCredit’s Orcel could still sweeten his bid and take on a double M&A offensive

Andrea Orcel, chief executive officer of Unicredit, in London, UK, on Thursday, Nov. 23, 2023. Bloomberg | Bloomberg | Getty ImagesDivided b...

Unemployment rate jumps more than a percentage point for Black women in November

Job seekers talk to a recruiter at the Albany Job Fair in Latham, New York, on Oct. 2, 2024.Angus Mordant | Bloomberg | Getty ImagesThe unemploym...

Foot Locker shares tumble as it issues gloomy holiday outlook, sees ‘softness’ at Nike

Foot Locker store location on 34th street in New York City.Courtesy: Foot LockerFoot Locker slashed its full-year guidance Wednesday after report...

CFPB sues Comerica Bank, alleging it failed to administer federal benefits program

A Comerica Bank sign on a building in Walnut Creek, California, March 30, 2023.Smith Collection/gado | Archive Photos | Getty ImagesThe Consumer ...

Economy

Europe’s economy survived ‘terrible prophecies’ but must now tackle trade with China: EU’s Gentiloni

The European Union has successfully avoided the "terrible prophecies" that threatened its economy in recent years, but must still contend with Ru...

If Trump wants to kill inflation, the first thing he needs to do is get more homes built

Homes under construction in Englewood Cliffs, New Jersey on Nov. 19th, 2024.Adam Jeffery | CNBCIf President-elect Donald Trump is going to push i...

The CPI report Wednesday is expected to show that progress on inflation has hit a wall

A man shops at a Target store in Chicago on November 26, 2024.Kamil Krzaczynski | AFP | Getty ImagesA key economic report coming Wednesday is exp...

Unemployment rate jumps more than a percentage point for Black women in November

Job seekers talk to a recruiter at the Albany Job Fair in Latham, New York, on Oct. 2, 2024.Angus Mordant | Bloomberg | Getty ImagesThe unemploym...

The Fed is on course to cut interest rates in December, but what happens next is anyone’s guess

Jerome Powell, chairman of the US Federal Reserve, during the New York Times DealBook Summit at Jazz at Lincoln Center in New York, US, on Wednes...

Finance

South Korean stocks rebound from lows in chaotic trading as presi...

Admin—December 4, 2024 0

Police stand guard in front of the main gate of the National Assembly in Seoul on December 3, 2024, after South Korea's President Yoon Suk Yeol d...

‘Small caps are going to become more in favor in 2025′: VettaFi’s research head doubles down on winning group

December 2, 2024

You’re ‘wired’ to overspend during the holidays, expert says — here’s what to do about it

November 30, 2024

China plans to restrict exports of a critical metal. But the market isn’t that worried

November 29, 2024

Earnings

Salesforce surges on revenue beat, AI growth prospects – hereR...

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Shares of Salesforce surged in extended trading Tuesday after the enterprise software giant reported better-than-expected quarterly revenue and i...

Dell shares fall on light forecast despite growing AI sales

December 2, 2024

Workday stock slips on light quarterly forecast

November 30, 2024

EasyJet rakes in record $4.5 billion from fare add-ons as CEO slams ‘unfair’ penalty over practice

November 29, 2024

Economy

Job openings jumped and hiring slumped in October, key labor repo...

Admin—December 4, 2024 0

Available jobs rose in October while hiring fell during a month in which payrolls growth hit its lowest level in nearly four years, the Bureau of...

Fed’s preferred inflation gauge rises to 2.3% annually, meeting expectations

December 2, 2024

India’s quarterly growth slumps to a near two-year low, well below expectations

November 30, 2024

These economists say artificial intelligence can narrow U.S. deficits by improving health care

November 29, 2024