Aneesha Sherman, senior analyst at Bernstein, and CNBC’s Robert Frank join ‘The Exchange’ to discuss white-collar recession, increasing unemployment rates among white-collar employees, the continued strength of high-end spending in the U.S., and the cascading effect of a spending slowdown.
Category: Finance News
Egg prices crashed 11% in March — and more relief may follow
Egg prices surged more than almost any other consumer good or service in 2022. Now, prices seem to be easing as the industry recovers from bird-flu outbreaks.
Warren Buffett says he doesn’t understand A.I. but he asked ChatGPT to write a song in Spanish
Warren Buffett said he has no expertise in artificial intelligence whatsoever, but thanks to Bill Gates, he took a crack at the buzzy chatbot ChatGPT.
Financial experts share their greatest money regrets — all have one thing in common
CNBC Financial Advisor Council members share their greatest money mistakes.
Inflation rises just 0.1% in March and 5% from a year ago as Fed rate hikes take hold
The consumer price index, a widely followed inflation measure, rose 0.1% for the month and 5% from a year ago, both less than expected.
Stocks making the biggest moves premarket: Shopify, Global Payments, MongoDB and more
Mongo DB’s stock after Morgan Stanley upgraded the software company to overweight, citing its leadership in cloud optimization initiatives.
Warren Buffett says we’re not through with bank failures
Investing legend Warren Buffett believes there will be more bank failures down the road even as the current banking crisis gets resolved.
Warren Buffett explains why he bought 5 Japanese trading houses: I was ‘confounded’ by the opportunity
The Berkshire Hathaway chairman and CEO spoke live from Japan to CNBC’s Becky Quick on “Squawk Box.”
Banking turmoil was not a crisis but ‘the downside risks are real,’ IIF boss warns
The banking sector turmoil that led to the collapse of several lenders was not a systemic crisis and has now subsided, according to IIF CEO Tim Adams.
Wall Street is wrong: Former PIMCO chief economist Paul McCulley predicts rate hikes will end next month
PIMCO’s former chief economist Paul McCulley makes a contrarian call on Fed policy.