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First Trust Advisors chief economist Brian Wesbury on tight consumer credit conditions, the state of the stock market and how Trump's Cabinet picks will impact the macroeconomy.
Trump picks Scott Bessent, the 'investor favorite,' for Treasury secretary
Nov 22, 2024, 7:07 PM
President-elect Donald Trump has selected investor Scott Bessent as his nominee for Treasury secretary, putting forth a campaign trail partner and early frontrunner for the job after a long and contentious process.
Walmart just leveled with Americans: China won’t be paying for Trump’s tariffs, in all likelihood you will
Nov 22, 2024, 5:05 PM
Trump promised voters tariffs are a panacea for the economy, but Walmart finance chief John David Rainey warned they will be inflationary for customers.
Stock market today: Dow closes at record, S&P 500, Nasdaq rise as Wall Street notches strong weekly gains
Nov 22, 2024, 5:38 PM
Stocks are retreating but still on track to end a Nvidia-dominated week higher.
Trump nominates Scott Bessent as treasury secretary; picks Russ Vought to lead budget office
Nov 22, 2024, 6:29 PM
President-elect Trump nominated Scott Bessent, the founder and CEO of global macro investment firm Key Square Group, for treasury secretary.
Trump nominates Scott Bessent as treasury secretary; picks Russ Vought to lead budget office
Nov 22, 2024, 6:29 PM
President-elect Trump nominated Scott Bessent, the founder and CEO of global macro investment firm Key Square Group, for treasury secretary.
The best ETFs for retirees
Nov 22, 2024, 10:36 AM
Americans are reaching retirement age at the fastest pace in U.S. history, and ETFs make it easier for investors to optimize their portfolios and gain exposure to specific sectors.
Trump nominates Scott Bessent as treasury secretary; picks Russ Vought to lead budget office
Nov 22, 2024, 6:29 PM
President-elect Trump nominated Scott Bessent, the founder and CEO of global macro investment firm Key Square Group, for treasury secretary.
‘Scammers sent a courier to steal £4,000 in cash’
Nov 22, 2024, 5:45 PM
A fraud victim tells the BBC how she used a helpline to stop scammers stealing more of her money.
This week in Bidenomics: The Republican economy takes off
Nov 22, 2024, 2:07 PM
Republicans suddenly think the economy is much better. Democrats think it is worse. Why might that be?
US national debt hits a new record: $36 trillion
Nov 22, 2024, 4:18 PM
The U.S. national debt broke a new record after crossing the $36 trillion mark for the first time as the federal government's mounting budget deficits cause the debt to surge.
Turkey costs less this Thanksgiving as prices fall for second straight year
Nov 22, 2024, 4:05 PM
The price of turkey has fallen for the second straight Thanksgiving, but the cost of a meal will still set consumers back 19% more than five years ago.
Texas Gov. Abbott orders state agencies to divest from China
Nov 22, 2024, 2:17 PM
Republican Texas Gov. Greg Abbott is demanding all agencies in the state halt investments in China and sell any current investments in the country as soon as possible.
Top 10 S&P 500 stock winners since Election Day
Nov 22, 2024, 1:50 PM
Policy stances from the incoming Trump administration, bullish quarterly earnings and an "Elon Musk premium" led to lofty stock returns, experts said.
TJ Maxx CEO says company could benefit from Trump's proposed tariffs
Nov 22, 2024, 1:16 PM
TJX Companies CEO Ernie Herrman said during an earnings call that the company could benefit from President-elect Trump's proposed tariffs on imported goods.
Trump's potential pick for SEC chair details three-step plan to end 'war on crypto'
Nov 22, 2024, 1:00 PM
With Gary Gensler out of the SEC picture, Commissioner Mark Uyeda says the "war on crypto" will end as the agency eyes who will become the next chair.
Spain fines budget airlines including Ryanair and EasyJet €179m
Nov 22, 2024, 12:40 PM
The government says charging for hand luggage and printing boarding passes at the airport are "abusive practices".
What Elon Musk Needs From China
Nov 22, 2024, 10:53 AM
From electric cars to solar panels, Mr. Musk has built businesses in high-tech manufacturing sectors now targeted by Beijing for Chinese dominance.
Amazon Invests $4 Billion in Anthropic, Deepening Its A.I. Ties
Nov 22, 2024, 10:45 AM
Since last September, the tech giant has pumped $8 billion into the artificial intelligence start-up, a sign of intense competition in developing tools that are reshaping the tech sector.
High-Yield Savings Accounts Are Still a Good Deal
Nov 22, 2024, 9:00 AM
Interest rates have been falling, but deposits are earning more than inflation.
Why Germany’s Economy, Once a Leader in Europe, Is Now in Crisis
Nov 22, 2024, 11:36 AM
The country is facing a second year of zero growth, with industry leaders gloomy and worried about potential tariffs from President-elect Donald Trump.
US economic output hits highest level since April 2022 amid 'greater optimism' among businesses
Nov 22, 2024, 11:10 AM
The uptick in business activity was largely driven by the services sector.
Big Banks Bet Trump Will Make the Best of Times Even Better
Nov 22, 2024, 8:31 AM
(Bloomberg Markets) -- You wouldn’t have known JPMorgan Chase & Co. had just reported its best quarter by the way Jamie Dimon talked about his competition in July 2023. “They’re dancing in the streets,” the chief executive officer said, referring to hedge funds and private equity firms that were piling into the lending business as banks like his faced higher capital requirements.Most Read from BloombergTrump Promises Could Have Seismic Impact on Washington EconomyTokyo’s Scorching Summers Focus
Stock market today: Dow, S&P 500 edge higher with weekly wins in play
Nov 22, 2024, 11:00 AM
Stocks are retreating but still on track to end a Nvidia-dominated week higher.
SEC Chair Gary Gensler to step down in January
Nov 21, 2024, 3:04 PM
SEC Chair Gary Gensler announced that he will resign from his role leading the financial regulator on Inauguration Day when President-elect Trump takes office.
Barbara Corcoran reveals what will make real estate 'go ballistic' in 2025
Nov 22, 2024, 10:01 AM
Barbara Corcoran says real estate will "go ballistic" if rates hit 5%. But if they go up, it could fuel "terrible" things for the market and slow down the U.S. economy.
'I have no money': Thousands of Americans see their savings vanish in Synapse fintech crisis
Nov 22, 2024, 10:00 AM
CNBC spoke to a dozen customers caught in the Synapse fintech predicament, people who are owed sums ranging from $7,000 to well over $200,000.
Yelloh, Formerly Schwan’s Home Delivery, Closes
Nov 22, 2024, 7:56 AM
Yelloh has parked its fleet of refrigerated trucks. Its downfall, accelerated by a disastrous rebranding, was decades in the making and probably inevitable, experts say.
Stock market today: Nasdaq retreats as Dow, S&P 500 tread water with weekly wins in play
Nov 22, 2024, 7:34 AM
Stocks are retreating but still on track to end a Nvidia-dominated week higher.
Bitcoin is doing the thing it needs to do: Morning Brief
Nov 22, 2024, 6:00 AM
Bitcoin has continued its massive gains, rising around the $100,000 mark in the weeks since the election based on expectations of improved regulatory treatment. But for the cryptocurrency, this rise just might be its own catalyst.
Texas governor orders state agencies to sell China assets
Nov 22, 2024, 3:44 AM
SINGAPORE/HONG KONG (Reuters) -The governor of Texas ordered state agencies to stop investing in China and sell assets there as soon as possible, citing financial and security risks, a sign of rising U.S.-China tensions starting to impact global capital flows. In a letter to state agencies dated Nov. 21 and posted to his website, Republican Greg Abbott said "belligerent actions" of China's ruling Communist Party had increased risks to Texas' investments in China, and told investors to get out.
Small businesses are still struggling: 'I have yet to bring home a single dollar'
Nov 22, 2024, 6:08 AM
Small businesses are still feeling pressure from worker shortages to inflationary pressures. The challenges are persisting as we enter the critical holiday period.
How good is the 'Gladiator II' movie? Here's what the betting markets predict about its success
Nov 22, 2024, 6:00 AM
Gladiator II, the sequal to the 2000 blockbuster Gladiator, is set to hit theaters in the U.S. on Friday, and traders on prediction markets are placing their bets on its success.
Gatwick Airport terminal evacuated due to security risk
Nov 22, 2024, 6:10 AM
Passengers are unable to enter the South Terminal while an investigation is carried out.
The High Risk, High Reward Trump Market
Nov 22, 2024, 5:02 AM
Faced with unconventional and disruptive proposals, investors are figuring out how to place their bets.
Logging Is the Deadliest Job, but Still an Oregon Way of Life
Nov 22, 2024, 5:01 AM
Logging has long been a way of life for rural communities in the Pacific Northwest and South. It also comes with grave risk.
How to Plan a Family Heritage Trip
Nov 22, 2024, 5:00 AM
Online tools are helping Americans travel abroad to discover their ancestry, seek out relatives and obtain documentation for dual citizenship. Here are tips for your journey.
The crypto companies jostling for seats on Trump's promised policy council
Nov 22, 2024, 5:29 AM
(Reuters) -A slew of crypto companies including Ripple, Kraken and Circle are jostling for a seat on President-elect Donald Trump's promised crypto advisory council, seeking a say in his planned overhaul of U.S. policy, according to several digital asset industry executives. Campaigning at a July bitcoin conference in Nashville, Trump promised a new council as part of a crypto-friendly administration. Several top U.S. crypto companies are clamoring for seats at the table.
Why Trump Allies Say Immigration Hurts American Workers
Nov 22, 2024, 5:03 AM
JD Vance and others on the “new right” say limiting immigration will raise wages and give jobs to sidelined Americans. Many studies suggest otherwise.
'Not trivial': EV sales could drop nearly 30% if Trump repeals tax credit
Nov 21, 2024, 2:41 PM
For the automotive industry, reports that President-elect Donald Trump and his team are looking to repeal the $7,500 federal tax credit are not surprising. However, the effect of a potential repeal could be massive for automakers betting on EVs being the future.
Retail sales fell in October as Budget fears hit spending
Nov 22, 2024, 2:25 AM
Sales volumes fell by more than expected in October with clothing stores having a "notably poor" month.
Ofgem energy price cap: Typical bill to rise in January
Nov 22, 2024, 1:59 AM
Someone paying by direct debit and using a typical amount of energy will pay £21 more a year from January.