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China Vows to Unleash More Borrowing to Spur Economy and Strengthen Banks
Oct 11, 2024, 11:51 PM
The finance minister said Beijing would sell bonds to supplement spending and help banks but did not detail how much.
Apollo chief economist Torsten Slok weighs in on a number of economic topics on ‘Barron’s Roundtable.’
‘Barron’s Roundtable’ panelists Jack Hough, Al Root and Megan Leonhardt discuss the top three headlines of the week.
Chinese finance minister to deliver highly anticipated briefing on stimulus
Oct 11, 2024, 9:57 PM
Analyst projections for how much fiscal stimulus is needed range from around 2 trillion yuan ($283.1 billion) to more than 10 trillion yuan.
Fines and convictions for minor mistakes - how rail tickets confuse passengers
Oct 11, 2024, 9:16 PM
Complex rules leave many customers feeling caught out and annoyed they aren't made clearer by rail companies.
Gerber Kawasaki CEO Ross Gerber comments on Tesla’s ‘We, Robot’ event and the market reaction on ‘The Claman Countdown.’
Horizon IT inquiry: What we learned from the Post Office boss
Oct 11, 2024, 5:39 PM
The quizzing of Post Office chief executive Nick Read this week produced some key revelations.
Boeing stock slides as company plans to cut 17,000 jobs, delays jet delivery amid labor strike
Oct 11, 2024, 5:24 PM
An ongoing strike by Boeing's biggest union, the International Association of Machinists and Aerospace Workers (IAM), is proving costly on several fronts for the company.
An ongoing strike by Boeing's biggest union, the International Association of Machinists and Aerospace Workers (IAM), is proving costly on several fronts for the company.
Joseph H. Reich, Charter School Pioneer, Dies at 89
Oct 11, 2024, 5:19 PM
When he and his wife opened the Beginning With Children school in Brooklyn to offer more educational opportunities to children, they set off a national trend.
Boeing to axe 10% of staff and slow production of 777x plane
Oct 11, 2024, 5:17 PM
The company said "executives, managers, and employees" jobs are all at risk
Boeing stock slides as company announces job cuts, delays jet delivery amid labor strike
Oct 11, 2024, 4:53 PM
An ongoing strike by Boeing's biggest union, the International Association of Machinists and Aerospace Workers (IAM), is proving costly on several fronts for the company.
FOX Business senior correspondent Charlie Gasparino discusses the selection implication of Robinhood stock on 'The Claman Countdown.'
Boeing to cut 17,000 jobs and delay first 777X delivery as strike hits finances
Oct 11, 2024, 4:42 PM
(Reuters) -U.S. planemaker Boeing will cut 17,000 jobs, or 10% of its global workforce, delay first delivery of its 777X jet by a year and expects substantial new losses in its defense business as a month-long strike batters company finances, CEO Kelly Ortberg said on Friday. Ortberg said in a message to employees that the company must reset its workforce levels "to align with our financial reality" after a strike by around 30,000 U.S. West Coast workers shuttered production of its 737 MAX, 767 and 777 jets.
Boeing Will Cut 17,000 Jobs in Bid to Slash Costs
Oct 11, 2024, 4:43 PM
A new chief executive is restructuring the aerospace manufacturer, which has been losing money for several years while struggling to improve production quality.
Evan Gershkovich, U.S. Journalist Imprisoned in Russia, Will Publish a Memoir
Oct 11, 2024, 4:09 PM
The memoir, which will cover his time in prison and Russia’s move toward autocracy, will be published by Crown, an imprint of Penguin Random House.
Laffer Tengler CEO and CIO Nancy Tengler discusses investment opportunities and more on ‘Making Money.'
Tesla Loses Court Battle in Swedish Labor Dispute
Oct 11, 2024, 2:35 PM
A district court ruled that Sweden’s constitution prevented it from taking a side in a labor dispute between Tesla and local unions that has dragged on for 11 months.
Boeing stock hovers near 52-week low amid ongoing strike
Oct 11, 2024, 2:13 PM
The union strike at Boeing just completed its fourth week with no signs of quick resolution.
Here’s the deflation breakdown for September 2024 — in one chart
Oct 11, 2024, 1:58 PM
Prices in segments of the U.S. economy, like some imported goods, consumer electronics and gasoline, have deflated since September 2023.
American Social owner Rick Mijares says thousands are without power and many residents remain displaced in the aftermath of Hurrica
'Stunningly absent on detail': Tesla robotaxi event leaves investors wanting more
Oct 11, 2024, 1:01 PM
Investors were left with more questions than answers, it seems, following Tesla’s “We, Robot” robotaxi event on Thursday night.
DP World: P&O Ferries row puts £1bn London port expansion at risk
Oct 11, 2024, 12:45 PM
Reports have suggested the plan is at risk after comments made by Transport Secretary Louise Haigh.
Capitalist Pig hedge fund manager Jonathan Hoenig weighs in on market rallies, his concern for everyday Americans amid inflation, and his stock pick.
Jamie Dimon warns of 'critical issues' that could affect US economy
Oct 11, 2024, 12:25 PM
JPMorgan Chase & Co. chief Jamie Dimon on Friday sounded the alarm about "critical risks" to the U.S. economy in the bank's third quarter earnings report.
Tesla shares fall after robotaxi event
Oct 11, 2024, 12:15 PM
Tesla unveiled two versions of its robotaxi vehicle on Thursday evening at its "We, Robot" event. The Cybercab sedan is expected to cost less than $30,000.
Trump Agrees to ‘Women’s Issues’ Event on Fox News but Shuns Debate
Oct 11, 2024, 12:14 PM
The audience will be made up of women at the event, a town hall in Georgia to be taped on Tuesday and aired on Wednesday, the network said.
Tesla stock sinks as ‘toothless’ robotaxi disappoints
Oct 11, 2024, 12:13 PM
Tesla stock sank after its robotaxi debut disappointed investors.
Will Social Security Be There for Millennial and Gen-Z Workers?
Oct 11, 2024, 12:09 PM
Despite fears about long-term solvency, millennials and Gen Z workers have a major stake in the program.
A Trump Fix for the Housing Crisis Could Actually Make It Worse
Oct 11, 2024, 12:01 PM
The former president often implies that deportations will bring down housing costs. Reality is more complicated.
Slatestone Wealth Chief Market Strategist Kenny Polcari discusses the market rallying following the inflation report, Jamie Dimon's warning of geopolitical risks, and how he fared during Hurricane Milton.
Musk unveils Robotaxi, unsupervised full self-driving future: 'That's what we want'
Oct 11, 2024, 11:10 AM
Elon Musk debuts Tesla's new self-driving Robotaxi that he says will be available by 2026 and cost under $30,000, as well as the Robovan.
JPMorgan touts 'soft landing' possibility after better-than-feared earnings
Oct 11, 2024, 11:03 AM
Profits at JPMorgan and Wells Fargo both fell from the year-ago period, but those declines were less than what analysts expected.
US producer prices unchanged in September
Oct 11, 2024, 10:10 AM
The unchanged reading in the producer price index for final demand last month followed an unrevised 0.2% gain in August, the Labor Department's Bureau of Labor Statistics said Friday.
Stock market today: Stocks rise amid big bank earnings, inflation data
Oct 11, 2024, 10:21 AM
JPMorgan and Wells Fargo get earnings season going in earnest while a wholesale inflation print is in focus after the CPI surprise.
Evercore ISI senior managing director Mark Mahaney analyzes Amazon and discusses the potential breakup of Google on 'Varney & Co.'
What to Do if You Fall Behind on Auto Loan Payments
Oct 11, 2024, 9:00 AM
The Consumer Financial Protection Bureau suggests that lenders may be overzealous in repossessing cars.
Big Banks Open Their Books for First Test After Rate Cuts
Oct 11, 2024, 8:11 AM
Profits fell at JPMorgan and Wells Fargo, but the lenders reported results that were largely better than had been expected, a sign that the economy remained solid.
Wall Street Profits Surge Despite Questions About the Economy
Oct 11, 2024, 7:48 AM
JPMorgan Chase, Wells Fargo and BlackRock reported strong quarterly results to kick off earnings season, but concerns linger about the strength of the consumer.
Conflict Between Israel and Iran Adds to Oil Market Volatility
Oct 11, 2024, 5:03 AM
Israel and Iran are fighting at a time when prices are under pressure because of weak demand in China and concerns about oversupply.
How Mizzou Football Is Benefiting From State N.I.L. Laws
Oct 11, 2024, 5:02 AM
A state law allows high school athletes to earn endorsement money as long as they commit to attending a public university in Missouri. It’s having an effect.
The Market Has Been Fabulous, Maybe Excessively So
Oct 11, 2024, 5:02 AM
You may not realize how great the stock market has been. But, our columnist says, it can’t keep rising at this pace for long.
Jamie Dimon says geopolitical risks are surging: 'Conditions are treacherous and getting worse'
Oct 11, 2024, 7:34 AM
JPMorgan Chase CEO Jamie Dimon sees risks climbing around the world amid widening conflicts in the Middle East.
JPMorgan's profits fall 2% despite strong Wall Street performance
Oct 11, 2024, 7:24 AM
Profits at JPMorgan Chase fell in the third quarter as it set aside more money to cover future loan losses, but its Wall Street operations beat expectations.
Wells Fargo posts lower earnings and revenue amid an 11% decline in net interest income
Oct 11, 2024, 7:21 AM
The San Francisco-based lender posted $11.69 billion in net interest income, a 11% decrease from the same quarter last year.
Andersen Capital Management CIO Peter Andersen joins 'Mornings with Maria' to discuss big bank earnings and weighs in on the Federal Reserve's handling of rate cuts.
Stock market today: Dow, S&P 500, Nasdaq futures tread water with bank earnings on deck
Oct 11, 2024, 6:42 AM
JP Morgan and Wells Fargo get earnings season going in earnest, while a wholesale inflation print is in focus after the CPI surprise.
These are the most costly hurricanes in US history
Oct 11, 2024, 6:00 AM
The U.S. East and Gulf Coasts have been hit by many damaging and deadly hurricanes over the years. Some of the most economically damaging hurricanes have hit Florida and Louisiana.
Kamala Harris’ economic plan: 5 times the VP dodged questions on America’s economy
Oct 11, 2024, 6:00 AM
Here are some of Vice President and 2024 Democratic nominee Kamala Harris' most shocking answers for the United States' challenged economy.
Over 3 million people in Florida are without power: here are the challenges in one hard-hit county
Oct 11, 2024, 6:00 AM
Devastation from Hurricane Milton has left millions of Florida residents without electricity. Officials in hard-hit Hillsborough County explain the challenges of restoring power.
The market braces for a tricky earnings season: Morning Brief
Oct 11, 2024, 6:00 AM
The Big Banks kick off the Q3 earnings season in earnest on Friday. For the market, earnings season is often the principal focus. But this go around, there's a lot more than corporate profits and forecasts to buffet stocks up and down.
Stocks steady as traders await US earnings season: Markets Wrap
Oct 11, 2024, 3:15 AM
(Bloomberg) -- European stocks and US futures were little changed as traders digested hotter-than-anticipated inflation in the US and readied for the earnings season to take off. Most Read from BloombergThe Cablebus Transformed Commutes in Mexico City’s Populous OutskirtsSan Francisco to Shut 9% of Public Schools Amid Budget WoesChicago’s $1 Billion Budget Hole Exacerbated by School TurmoilUrban Heat Stress Is Another Disparity in the World’s Most Unequal NationShould Evictions Be Banned After H
Lego’s First Documentary, ‘Piece by Piece,’ Tells Pharrell Williams’ Story
Oct 11, 2024, 5:04 AM
The toymaker has found success in fictional films. But with “Piece by Piece,” about the life of Mr. Williams, it has gotten into a new genre.
Tesla's Cybercab robotaxi is finally here, with a $30K price tag — plus a surprise Robovan
Oct 11, 2024, 3:18 AM
Tesla and CEO Elon Musk finally revealed the EV-maker's long-awaited robotaxi on Thursday night, including a surprise much larger autonomous EV.
Taiwanese Employees of Foxconn, the Apple Supplier, Detained in China
Oct 11, 2024, 2:24 AM
Taiwan’s government said that they had been accused of a breach of trust, but that their employer, Foxconn, had denied the company suffered any losses.
UK economy returned to growth in August
Oct 11, 2024, 2:08 AM
The economy grew by 0.2% but there is a warning that the "broader picture" is one of "slowing growth".
China detains iPhone maker workers in 'strange' case
Oct 11, 2024, 12:20 AM
The Taiwanese government suggested the detentions may be a case of "abuse of power" by Chinese police.
JPMorgan Chase is set to report third-quarter earnings – here's what the Street expects
Oct 11, 2024, 12:01 AM
JPMorgan will be watched closely for clues on how banks are faring at the start of the Federal Reserve's easing cycle.