Month: November 2024
DoubleLine’s Gundlach says expect higher rates if Republicans also win the House
Jeffrey Gundlach speaks at the 24th Annual Sohn Investment Conference in New York, May 6, 2019. Adam Jeffery | CNBC DoubleLine Capital CEO Jeffrey Gundlach said Thursday that interest rates could shoot higher if Republicans end up controlling the House, securing a governing trifecta that gives President-elect Donald Trump free rein to spend as he pleases. Gundlach, a […]
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Airbnb misses on earnings but squeaks in a revenue beat
Brian Chesky, co-founder and chief executive officer of Airbnb Inc., during a news conference in Los Angeles, California, US, on Wednesday, May 1, 2024. Eric Thayer | Bloomberg | Getty Images Airbnb reported third-quarter earnings on Thursday that were shy of analyst estimates, though it squeaked in a small revenue beat. The stock fell about 3% in […]
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Airbnb pops on mixed quarterly results
CNBC’s Deirdre Bosa joins ‘Closing Bell Overtime’ to talk Airbnb earnings. Source
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Rivian lowers earnings guidance after missing Wall Street’s third-quarter expectations
Workers assemble second-generation R1 vehicles at electric auto maker Rivian’s manufacturing facility in Normal, Illinois, U.S. June 21, 2024. Joel Angel Juarez | Reuters Rivian Automotive lowered its earnings forecast for the year after missing Wall Street’s third-quarter expectations, including a significant miss in revenue. Here’s how the company performed in the quarter, compared with […]
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Traders see good chance the Fed cuts again in December then skips in January
Federal Reserve Chair Jerome Powell speaks during a news conference following the November 6-7, 2024, Federal Open Market Committee meeting at William McChesney Martin Jr. Federal Reserve Board Building, in Washington, DC, November 7, 2024. Andrew Caballero-Reynolds | AFP | Getty Images Expectations for a December interest rate cut remained strong after the Federal Reserve […]
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Powell says he would not resign as Fed chief if Trump asked for his resignation
Federal Reserve Chairman Jerome Powell said Thursday that he will not step down if President-elect Donald Trump asks for his resignation. When asked whether he would resign if requested to by Trump, the Fed chair simply said: “No.” Powell subsequently told reporters that the president does not have the power to fire or demote him. […]
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The president’s influence on the U.S. economy may be greatly exaggerated, according to experts
About 50% of Americans believe the result of the 2024 presidential election will directly affect their personal finances, according to a survey by financial services company Empower. And about 99% of voters in a Gallup survey said the economy was at least somewhat important in influencing their vote for the next president. “Voters absolutely are […]
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Trump takes a rare break from social media after election win
Republican presidential nominee, former U.S. President Donald Trump arrives to speak with former first lady Melania Trump during an election night event at the Palm Beach Convention Center on November 06, 2024 in West Palm Beach, Florida. Chip Somodevilla | Getty Images Donald Trump has never been shy about touting his accomplishments. Yet after achieving what is […]
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How Trump’s victory could change abortion rights in America
Anti-abortion demonstrators listen to President Donald Trump as he speaks at the 47th annual “March for Life” in Washington, D.C., Jan. 24, 2020. Olivier Douliery | Afp | Getty Images Voters in seven out of 10 states approved ballot measures this week to safeguard abortion rights, a hot-button issue that helped drive Americans to the […]
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Federal Reserve cuts interest rates by a quarter point
Key Points The Federal Open Market Committee lowered its benchmark overnight borrowing rate by a quarter percentage point, or 25 basis points, to a target range of 4.50%-4.75%. The vote was unanimous. Fed officials have justified the easing mode for policy as they view supporting employment becoming at least as much of a priority as […]
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