Lower-end consumers have shifted buying patterns to save money as their bank accounts dwindle in size, according to Citigroup CEO Jane Fraser.
Category: Finance News
LVMH boss Bernard Arnault under investigation in Paris over Russian oligarch transactions
The Paris public prosecutor’s office is investigating LVMH CEO Bernard Arnault over financial transactions involving Russian oligarch Nikolai Sarkisov.
The Fed’s favorite inflation indicator rose less than expected in August
The personal consumption expenditures (PCE) price index excluding food and energy increased 0.1% for the month, lower than the expected 0.2% gain.
Stocks making the biggest moves before the bell: Nike, Blue Apron, Bumble and more
These are the stocks posting the largest moves in premarket trading.
Apps show where travelers exercise most — and least — on vacation
Data from the exercise app Strava show travelers tend to stay active in places like Split, Croatia and the islands of Greece, but less so in the Caribbean.
Can China’s economy reverse a sluggish 2023 in the last quarter? Here’s what to watch
The last three months of the year are set to bring more clarity on China’s economic outlook and any government support — especially for the real estate sector.
Bill Ackman believes the 10-year Treasury yield could approach 5% soon
The Pershing Square Capital Management CEO said he did not believe the Federal Reserve could get inflation back down to its 2% target.
Brad Gerstner says AI is going to be bigger than the internet, bigger than mobile
“AI is going to be bigger than the internet, bigger than mobile and bigger than cloud software,” Gerstner said.
Stocks making the biggest moves midday: CarMax, Accenture, Peloton, Jefferies and more
These are the stocks posting the largest moves in midday trading.
Latino household wealth is growing: Here’s what you need to know
CNBC’s Contessa Brewer reports on the jump in household wealth for Latinos over the last decade.