Economy
New York Fed President John Williams says a U.S. recession is not his base case
New York Federal Reserve President John Williams said Tuesday he expects the U.S. economy to avoid recession even as he sees the need for significantly higher interest rates to control inflation. “A recession is not my base case right now,” Williams told CNBC’s Steve Liesman during a live “Squawk Box” interview. “I think the economy […]
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5 things to know before the stock market opens Tuesday
Here are the most important news items that investors need to start their trading day: 1. Stocks attempt to rebound Traders work on the floor of the New York Stock Exchange. NYSE Futures rose Tuesday morning after stocks’ attempt to keep a rally going fizzled Monday. Investors are still weighing the risks of supercharged inflation […]
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G-7’s infrastructure funding plan offers an alternative to China’s BRI in a ‘deliberate way’
The Group of 7 has announced a new infrastructure funding program that could rival China’s Belt and Road Initiative. One expert says the G-7’s plan offers hope to developing countries but it remains to be seen whether it can match the BRI. On Sunday, the U.S. and the other members of the G-7 including Canada, […]
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UK unlikely to return to mandatory Covid restrictions despite rising cases
More than 1.7 million Brits — or around 1 in 35 people — tested positive for Covid in the week to June 18, the latest data from the U.K.’s Office for National Statistics showed Friday. Adrian Dennis | Afp | Getty Images LONDON — Mandatory Covid-19 restrictions are unlikely to be reintroduced in Britain this […]
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As Klarna and Affirm falter, a new breed of ‘buy now, pay later’ startups are stealing the spotlight
Klarna is in talks to raise funds at a sharp discount to its last valuation, according to a report from the Wall Street Journal. A spokesperson for the firm said it doesn’t comment on “speculation.” Jakub Porzycki | NurPhoto via Getty Images With hype over the “buy now, pay later” trend fading, some investors are […]
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Don’t get ‘sucked back in’: Fund manager says investors should learn from past bear markets
Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., June 22, 2022. Brendan Mcdermid | Reuters The stock market bounce in recent days is just a relief rally and investors should avoid getting sucked back in, according to Trevor Greetham, head of multi-asset at Royal London Asset […]
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Avoidable or inevitable recession? Billionaire investor David Rubenstein on what decides it
Much of the U.S. market focus has been on the Federal Reserve’s more aggressive interest rate hikes as a reason to fear a recession. But Carlyle Group co-founder and co-chairman David Rubenstein, a billionaire investor and philanthropist, says the economy’s path may be beyond the central bank’s control, and two other global players are more […]
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Stocks making the biggest moves midday: Coinbase, Spirit Airlines, Robinhood and more
Check out the companies making headlines in midday trading. Spirit Airlines — The budget airline’s shares fell more than 7% amid news that advisory firm Institutional Shareholder Services told Spirit shareholders to vote for the proposed merger with Frontier Airlines. It comes after Frontier Airlines upped the cash portion of its offer by $2 a […]
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Turkish lira whipsaws following new loan ban that’s set to affect thousands of companies
A money changer holds Turkish lira and U.S. dollar banknotes at a currency exchange office in Ankara, Turkey December 16, 2021. Cagla Gurdogan | Reuters Turkey’s currency, the lira, enjoyed a much-welcomed boost on Monday and the preceding Friday after the country’s banking regulator announced a ban on lira loans to companies holding what it […]
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Watch CNBC’s full interview with Frontier Airlines CEO Barry Biffle
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email CNBC’s Phil LeBeau sits down with Frontier Airlines CEO Barry Biffle to break down the company’s planned merger with Spirit Airlines as JetBlue moves to disrupt the pair’s deal. “We have increased our offer $450 million in cash and $240 million paid […]
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