Economy
Texas keeping most truck inspections despite border gridlock
Truckers returning from the United States wait near their trailers while stranded at a protest, by Mexican truck drivers blocking the Zaragoza-Ysleta International Bridge connecting the city of Ciudad Juarez to El Paso, Texas, against truck inspections imposed by Texas Governor Greg Abbott, in Ciudad Juarez, Mexico April 11, 2022. Jose Luis Gonzalez | Reuters […]
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Fed’s Waller sees likelihood of multiple half-point interest rate hikes ahead
Getting inflation under control will require raising interest rates at a faster pace than normal even though the pace of price increases probably has peaked, Federal Reserve Governor Christopher Waller said Wednesday. That means the central bank likely will hike short-term rates by half a percentage point, or 50 basis points, at its meeting in […]
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Jamie Dimon sees ‘storm clouds’ ahead for U.S. economy later this year
Jamie Dimon, chairman and chief executive officer of JPMorgan Chase & Co., listens during a Business Roundtable CEO Innovation Summit discussion in Washington, D.C., Dec. 6, 2018. Andrew Harrer | Bloomberg | Getty Images The risk that the Federal Reserve accidentally tips the U.S. economy into recession as it combats inflation is rising, according to […]
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Chinese carriers are shipping more empty containers than full ones out of U.S. West Coast ports
Two Chinese carriers are shipping more empty export containers than loaded exports out of the two biggest ports in the United States, according to CNBC analysis of exclusive trade data. CNBC analyzed the container data for 2020 and 2021 from the Port of Los Angeles, Port of Long Beach, U.S. customs and IHS Markit PIERS […]
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Stocks making the biggest moves midday: JPMorgan, Delta Air Lines, PayPal
The JP Morgan Chase & Co. headquarters, The JP Morgan Chase Tower in Park Avenue, Midtown, Manhattan, New York. Tim Clayton – Corbis | Corbis Sport | Getty Images Check out the companies making headlines in midday trading. JPMorgan Chase – Shares fell 3.5% as JPMorgan Chase reported a $524 million hit from market dislocations […]
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Biden’s approval falls to new low amid economic pessimism, inflation woes, CNBC survey finds
US President Joe Biden delivers a speech at the Royal Castle in Warsaw, Poland on March 26, 2022. Brendan Smialowski | AFP | Getty Images Americans harbor some of the most downbeat views on the economy since the recovery from the financial crisis of 2007-2008, and some of their attitudes are in line with those […]
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Producer prices rose 11.2% from a year ago in March, the biggest gain on record
The prices that goods and services producers receive rose in March at the fastest pace since records have been kept, the Bureau of Labor Statistics reported Wednesday. The producer price index, which measures the prices paid by wholesalers, increased 11.2% from a year ago, the most in a data series going back to November 2010. […]
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5 things to know before the stock market opens Wednesday
Here are the most important news, trends and analysis that investors need to start their trading day: 1. Stock futures flat after Tuesday’s intraday reversal Traders work on the floor of the New York Stock Exchange (NYSE) on October 25, 2021 in New York City. Spencer Platt | Getty Images U.S. stock futures were essentially […]
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Stocks making the biggest moves premarket: Delta, JPMorgan, BlackRock and more
Check out the companies making headlines before the bell: Delta Air Lines (DAL) – Delta rallied 6.6% in the premarket after reporting a smaller-than-expected quarterly loss and predicting a current-quarter profit. The airline also said monthly revenue exceeded pre-pandemic levels for the first time in March. JPMorgan Chase (JPM) – The bank reported quarterly earnings […]
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UK inflation hits 30-year high of 7% as energy prices surge
The 7% annual rise for U.K. inflation in March is the highest since 1992. Photo by Christopher Furlong/Getty Images LONDON — U.K. inflation came in at an annual 7% in March, its highest for 30 years. Consumer prices rose by 1.1% month-on-month, outstripping expectations for a 0.7% climb in a Reuters poll of economists, which […]
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