Economy
Target cuts 1,800 corporate jobs in its first major layoffs in a decade
A Target logo is displayed outside one of their stores on August 2, 2025 in San Diego, California. Kevin Carter | Getty Images Target said on Thursday it’s cutting 1,800 corporate jobs as the retailer tries to get back to growth after four years of roughly stagnant sales. It marks the first major round of […]
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Everyone is waiting for Friday’s big inflation report. Here’s what to expect
A shopper looks at produce at a grocery store in West Milton, Ohio, US, on Tuesday, Oct. 21, 2025. Kyle Grillot | Bloomberg | Getty Images The Friday release of September’s consumer price index report is pretty much the only game in town this month for a Wall Street that is hungry for data, raising […]
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Stocks making the biggest moves midday: Super Micro, Knight-Swift, Wyndham, Las Vegas Sands, Hexcel and more
Check out the companies making the biggest moves midday: Super Micro Computer — The computer server manufacturer slumped 7% after cutting its fiscal first-quarter revenue forecast to about $5 billion from a prior estimate of $6 billion to $7 billion. Quantum computing stocks — Quantum computing shares jumped on a Wall Street Journal report that […]
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Most potential homebuyers expect mortgage rates to drop. That’s why they’re waiting
The majority of would-be homebuyers expect mortgage rates to continue their recent decline, and it’s one of the main reasons why they’re waiting to make a purchase, according to the findings of a new CNBC Housing Market Survey. Rates have been creeping down over the last few months and are hovering around the lowest level […]
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Here’s where the economy is starting to show ‘K-shaped’ bifurcation
Jasondoiy | E+ | Getty Images Amid recession fears, a government shutdown and tariff uncertainty, consumers are increasingly diverging in their spending. Wealthier Americans are engaging their purchasing power, while lower-income Americans are starting to pull back — commonly described as a “K-shaped” economy. Friday’s consumer price index report could shed more light on the […]
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Stocks making the biggest moves premarket: IonQ, Molina Healthcare, Tesla, Hasbro, Beyond Meat, IBM
Check out the companies making headlines before the bell on Thursday. Quantum computing stocks — Quantum computing shares jumped on a Wall Street Journal report that U.S. President Donald Trump’s administration is in talks to acquire equity stakes in several quantum computing firms. Rigetti Computing is up 8%, while IonQ and Quantum Computing rose nearly […]
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Tesla’s earnings miss, Meta job cuts, U.S. sanctions Russian oil and more in Morning Squawk
Elon Musk, during a news conference with President Donald Trump, inside the Oval Office at the White House in Washington on May 30, 2025. Tom Brenner | The Washington Post | Getty Images This is CNBC’s Morning Squawk newsletter. Subscribe here to receive future editions in your inbox. Here are five key things investors need to know […]
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American Airlines profit forecast for the rest of the year tops estimates
An American Airlines Airbus A321 airplane departs Los Angeles International Airport en route to Orlando on March 30, 2025. Kevin Carter | Getty Images News | Getty Images American Airlines posted a smaller-than-expected loss for the third quarter, and its outlook for the rest of the year came in ahead of Wall Street forecasts, sending […]
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China and India to face supply jolt as U.S. targets Russia’s oil giants
General view of Orsknefteorgsintez oil refinery in the city of Orsk, Orenburg region, Russia Aug. 28, 2025. Stringer | Reuters U.S. decision to sanction Russia’s two largest oil companies threatens to disrupt the energy lifeline linking Moscow to its biggest customers in Asia, but without causing an immediate supply shock, industry experts told CNBC. The […]
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Bank of Korea holds rate at 2.5% as tighter property rules kick in
Bank of Korea warned there’s a chance of increased volatility following more rate hikes from the Fed, following U.S. Federal Reserve Chair Jay Powell’s speech in Jackson Hole. Photographer: SeongJoon Cho/Bloomberg via Getty Images Bloomberg | Bloomberg | Getty Images South Korea’s central bank kept its benchmark interest rate unchanged at 2.5% Thursday, extending a […]
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