Breaking News: Economy
Iran currency slips to new lows amid U.S., Europe tensions
A briefcase filled with Iranian rial banknotes sits on display at a currency exchange market on Ferdowsi street in Tehran, Iran, on Saturday, Jan. 6, 2018. Ali Mohammadi | Bloomberg | Getty Images The Iranian currency extended its fall on Saturday, hitting a new all-time low against the U.S. dollar amid uncertainties about Donald Trump’s […]
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Why it’s gotten more difficult to get a free first-class upgrade
Passengers deplane through the business class seating area on an American Airlines flight, London Heathrow Airport, Aug. 14, 2018. Jeff Greenberg | Universal Images Group | Getty Images Cheap seats aren’t enough for airline passengers anymore. Since the pandemic, travelers have shown airlines that they’re willing to pay up to sit at the relatively spacious […]
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Yellen warns incoming Trump team against interfering with bank supervision
Treasury Secretary Janet Yellen speaks at the Council on Foreign Relations in New York City, U.S., October 17, 2024. Andrew Kelly | Reuters U.S. Treasury Secretary Janet Yellen on Friday urged the incoming Trump administration to refrain from interfering with what she called critically important appropriate regulation of American banks’ capital levels, liquidity and risk-taking. […]
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Stocks making the biggest moves midday: Tesla, Broadcom, Upstart, Penn Entertainment, RH and more
Check out the companies making headlines in midday trading. Broadcom — Shares of the semiconductor maker jumped 20% after the company beat fiscal fourth-quarter earnings expectations and posted artificial intelligence revenue that more than tripled for the year, pushing Broadcom’s market cap above $1 trillion for the first time . CEO Hock Tan said Broadcom is […]
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UK economy shrinks unexpectedly by 0.1% in October
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 government district that contains the primary central business district CBD of London. The City of London is widely referred to simply as the City is also colloquially known […]
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Watch the full video of Donald Trump talking with Jim Cramer at the NYSE
President-elect Donald Trump rang the opening bell at the New York Stock Exchange Thursday morning. From the floor afterward, CNBC’s Jim Cramer interviewed Trump about his plan for boosting the American economy. Many C-suite executives watched from the trading floor. Earlier Thursday morning, Robert F. Kennedy Jr., Trump’s pick to be the nation’s top health […]
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Trump rings bell at NYSE to cheers of ‘USA’ as Wall Street CEOs, business leaders look on
President-elect Donald Trump rang the opening bell at the New York Stock Exchange on Thursday after vowing an economic boom to a cheering crowd of traders and business leaders. “We’re with you all the way,” the incoming Republican president said in the NYSE building in lower Manhattan, where he was invited after becoming TIME’s “Person […]
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Wholesale prices rose 0.4% in November, more than expected
A measure of wholesale prices rose more than expected in November, adding fuel to the belief that progress in bringing down inflation has slowed, the Bureau of Labor Statistics reported Thursday. The producer price index, which measures what producers get for their products at the final-demand stage, increased 0.4% for the month, higher than the […]
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Stocks making the biggest moves premarket: Uber, Celsius Holdings, Adobe, Chewy and more
Check out the companies making headlines before the bell. Constellation Energy — The energy stock added 2% following an upgrade to buy from neutral at Bank of America. Analyst Ross Fowler said that the company was in the best position to benefit from upcoming regulatory clarity coupled with increasing demand and tightening supply. This potential […]
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European Central Bank set to deliver final rate cut of the year
Euro higher ahead of interest rate decision The euro was slightly higher against major currencies at 9:45 a.m. London time (4:45 a.m. ET), ahead of the European Central Bank’s announcement at 1:15 p.m. The euro was up 0.17% against the U.S. dollar at $1.051, and 0.1% higher against the British pound. It jumped 0.52% against […]
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