Category: Finance News

Banks may pull back on lending, clouding the growth outlook — but central banks should stay focused on inflation, Pierre-Olivier Gourinchas told CNBC.

Ahead of Friday’s bank reports, which include first-quarter numbers from Club holding Wells Fargo (WFC), we’re watching three main things.

Most Americans are using tax refunds to boost savings or pay off debt, according to a CNBC survey. Here’s what filers need to know this season.

Bill Gates read four climate change books in 2008 that he says are still useful today, including “Weather for Dummies” — which is exactly what it sounds like.

CarMax soared on the back of better-than-expected quarterly earnings.

Buffett said he was “very proud” of these investments and that he plans to meet with the companies to emphasize Berkshire Hathaway’s support.

Electric vehicle giant BYD is banking on new driver-assist technology to smooth out car rides and get the edge on its EV competition.

Micron’s shares popped after its rival announced plans to cut memory chip production near term—a move analysts said could lead to a chipmaking sector rebound.

Those reporting that credit is much or somewhat harder to get than a year ago rose to 58.2%, the highest ever.

Treasury Department rules for new electric vehicles will likely limit the cars qualifying for a tax break. Leasing or buying used EVs are potential workarounds.