Markets
China’s wealthy are increasingly looking overseas for business investment opportunities
Instead of high-net-worth individuals, C-suite executives in China are increasingly using business jets, said Paul Desgrosseilliers, general manager at ExecuJet Haite General Aviation Services. The company opened a new service center at Beijing Daxing International Airport on Aug. 27, 2024. ExecuJet Haite BEIJING — China’s wealthy are increasingly looking for ways to move capital outside […]
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Asia-Pacific markets mostly fall as Japan household spending comes in lower than expected
Office workers cross the street at lunch time near Tokyo Station on Oct. 20, 2022. Stanislav Kogiku | SOPA Images | LightRocket | Getty Images Asia-Pacific markets mostly fell on Friday as investors brace for a crucial jobs report from the U.S. and digest household spending data from Japan. Japan’s household spending data for July […]
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Stocks making the biggest moves after hours: Broadcom, DocuSign, UiPath and more
Check out the companies making headlines in after-hours trading: DocuSign — The e-signature software company ticked up nearly 1% after posting a top- and bottom-line beat. DocuSign’s adjusted earnings of 97 cents per share for the second quarter exceeded analysts’ expectations of 80 cents per share, according to LSEG. DocuSign’s revenue of $736 million also […]
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Family offices are about to surpass hedge funds, with $5.4 trillion in assets by 2030
Colleagues working together in the office. Aja Koska | E+ | Getty Images A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox. Family offices are expected to add more than $2 trillion […]
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Friday’s jobs report for August is going to be huge. Here’s what to expect
Andreypopov | Istock | Getty Images Wall Street is gearing up for one of the most important economic releases of the year Friday, when the Labor Department puts out a jobs report expected to go a long way in determining the future of Federal Reserve policy. The Wall Street consensus is for nonfarm payrolls growth […]
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JPMorgan top economist says the Fed should cut rates by a half point this month
Key Points JPMorgan’s top economist Michael Feroli believes the Federal Reserve should cut interest rates by a half point this month. Traders are pricing in a 39% chance that the Fed’s target range for the federal funds rate will be lowered by a half percentage point, per the CME FedWatch Tool. Feroli’s remarks come as […]
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Stocks making the biggest moves midday: JetBlue, Hewlett Packard Enterprise, Tesla, G-III Apparel and more
Check out the companies making headlines in midday trading. JetBlue Airways — The New York-based airline popped more than 8% after hiking its forward guidance for third-quarter revenue. JetBlue now expects revenue to be in a range of down 2.5% to up 1% compared to the same period a year ago. Previously, a loss between […]
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Volvo Cars cuts margin and revenue aims after ditching 2030 electric vehicle target
A worker at a Volvo car store introduces the Volvo xc60 and other models via a live streaming in Shanghai, China, March 18, 2024. Cfoto | Future Publishing | Getty Images Volvo Cars on Thursday scaled back its margin and revenue targets, after announcing it was no longer targeting 100% all-electric vehicle sales by 2030. […]
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OPEC+ members delay plans to hike production by two months after oil price slump
A general view of signage at the headquarters of the Organization of the Petroleum Exporting Countries (OPEC) on Feb. 29, 2024 in Vienna, Austria. Thomas Kronsteiner | Getty Images News | Getty Images Members of the OPEC+ oil alliance have delayed plans to hike production by a scheduled 180,000 barrels per day in October, as […]
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Here’s where American Airlines is adding flights to Europe in summer 2025
Boeing 787-9 Dreamliner, from American Airlines company, taking off from Barcelona airport, in Barcelona on 24th February 2023. JanValls | Nurphoto | Getty Images As social media feeds make their seasonal shift from the Parthenon to pumpkin patches, airlines are busy preparing for the 2025 Europe travel season, a bet that strong demand for international […]
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