Economy
What this ‘play the recovery’ strategy says about the hot bond market’s future
A recent trend in the exchange-traded funds market suggests bond demand is far from cooling. Corporate, government and high-yield bond ETFs saw inflows last month after lower bond prices and higher yields contributed to the deceleration of fund outflows in May. Andrew McOrmond of WallachBeth Capital, an institutional execution service provider, believes the inflows can […]
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Biden will keep aircraft carrier group in the South China Sea but postpone missile test
The USS Ronald Reagan (CVN-76) aircraft carrier is seen during a port visit in Hong Kong on October 2, 2017. Anthony Wallace | AFP | Getty Images WASHINGTON — President Joe Biden will keep an American naval aircraft carrier strike group in the South China Sea longer than originally planned in response to Chinese missile […]
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Stocks making the biggest moves midday: Coinbase, AMTD Digital, Restaurant Brands, Alibaba and more
A Burger King restaurant seen in Milton, Pennsylvania. Paul Weaver | SOPA Images | LightRocket | Getty Images Check out the companies making the biggest moves in midday trading on Thursday: Coinbase — Shares of the cryptocurrency exchange jumped about 15% after the company announced a partnership with BlackRock, the world’s largest asset manager, that […]
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Visa suspends card payments for ad purchases on PornHub and MindGeek amid controversy
Al Kelly Mark Neuling | CNBC Visa is suspending card payments for advertising on Pornhub and its parent company MindGeek after a lawsuit stoked the controversy that the payments giant could be facilitating child pornography. A federal judge in California on Friday denied Visa’s motion to dismiss a lawsuit by a woman who accuses the […]
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Burger King parent says more customers are redeeming coupons and loyalty rewards
A Burger King Whopper hamburger is displayed on April 05, 2022 in San Anselmo, California. Justin Sullivan | Getty Images More customers at Burger King and its sister brands are redeeming coupons and loyalty program rewards as inflation pushes menu prices higher. Restaurant Brands International CEO Jose Cil told CNBC that the company hasn’t seen […]
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5 things to know before the stock market opens Thursday
Here are the most important news items that investors need to start their trading day: 1. Stock futures are flat Traders on the floor of the NYSE, August 1, 2022. Source: NYSE 2. Walmart lays off corporate employees A shopping cart outside a Walmart store in Torrance, California, US, on Sunday, May 15, 2022. Walmart […]
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Stocks making the biggest moves premarket: Eli Lilly, Cigna, Restaurant Brands and more
Take a look at some of the biggest movers in the premarket: Eli Lilly (LLY) – The drug maker’s stock fell 3.6% in the premarket after it missed estimates with its quarterly results and cut its full-year forecast. Lilly’s performance during the quarter was impacted by lower prices for insulin and falling sales of its […]
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Walmart lays off corporate employees after slashing forecast
Exterior view of a Walmart store on August 23, 2020 in North Bergen, New Jersey VIEW press | Corbis News | Getty Images Walmart confirmed on Wednesday that it has begun to lay off corporate employees about a week after the company slashed its profit outlook and warned consumers had pulled back on discretionary spending […]
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Small business confidence hits all-time low on worsening sales outlook and belief on Main Street recession is here
Fg Trade | E+ | Getty Images Small business confidence has hit an all-time low as the majority of Main Street expects runaway inflation and a Federal Reserve that is incapable of engineering a soft landing for the economy. In fact, the majority of small business owners (57%) taking part in the CNBC/SurveyMonkey Small Business […]
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Stocks making the biggest moves premarket: CVS, Under Armour, Moderna and more
Check out the companies making headlines before the bell: CVS Health (CVS) – The drugstore operator and pharmacy benefits manager saw its shares rise 3.8% in the premarket after beating top- and bottom-line estimates and raising its full-year earnings forecast. Results were helped by strong sales of over-the-counter Covid-19 tests as well as an upbeat […]
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