The Federal Reserve “didn’t do their homework” and mischaracterized the spike in inflation, according to Nobel Prize-winning economist Joseph Stiglitz.
Category: Finance News
Chinese smartphone maker teases a foldable smartphone that you can wear like a purse
The Honor V Purse is a smartphone that folds outward with a top strip that contains the camera. Customizable straps can be attached to the device.
Robotics giant ABB ‘pretty pessimistic’ on China: ‘It will be challenging for the rest of the year’
China, a powerhouse of manufacturing often referred as “the world’s factory” due to its influence on global trade, is ABB’s second-biggest market.
Boat stocks sinking could be a warning sign for high-end consumers, warns Larry McDonald
Hosted by Brian Sullivan, “Last Call” is a fast-paced, entertaining business show that explores the intersection of money, culture and policy. Tune in Monday through Friday at 7 p.m. ET on CNBC.
Stocks making the biggest moves after hours: Dell, Lululemon and MongoDB
These are the companies making headlines after hours on Thursday.
Salesforce beats on top and bottom lines. What the pros are saying about the stock
Pros on CNBC discussed Salesforce after the company raised its full-year guidance and got a price target hike from Goldman Sachs.
Taylor Swift, Beyoncé and ‘Barbenheimer’ are lifting consumer spending this quarter. But Morgan Stanley says it may not last
Morgan Stanley sees a potential unwinding from these events, as well as the resumption of student loan payments, in the fourth quarter.
The IPO downturn is in the 7th inning and a real pickup could arrive soon, Sixth Street CEO says
Alan Waxman, the CEO and co-founder of Sixth Street, believes we’re in about the seventh inning of the downturn in the IPO market.
Sixth Street — which manages more than $70 billion — is betting big on sports teams and live events
Alan Waxman, the CEO and co-founder of Sixth Street, talked about his vision in the increasingly crowded sports industry.
Stocks making the biggest moves midday: Tilray, Salesforce, CrowdStrike, Dollar General and more
These are the stocks posting the largest moves in midday trading.