El-Erian, president of Queens’ College at Cambridge University, said he was aware that his view did not align with the Wall Street consensus.
Category: Finance News
Trump backs further away from firing Powell: ‘He’s going to be out pretty soon anyway’
The president has accused Powell of being political and nicknamed him “too late” when it came time to adjusting interest rates.
Trump backs further away from firing Powell: ‘He’s going to be out pretty soon anyway’
The president has accused Powell of being political and nicknamed him “too late” when it came time to adjusting interest rates.
Trump backs further away from firing Powell: ‘He’s going to be out pretty soon anyway’
The president has accused Powell of being political and nicknamed him “too late” when it came time to adjusting interest rates.
Stocks making the biggest moves midday: Kohl’s, General Motors, Lockheed Martin, Medpace and more
These are some of the stocks posting the largest moves in midday trading.
Credit card startup Imprint beats big banks for Rakuten co-brand deal
There is a new player making waves in an industry dominated by big banks. Imprint is a 5-year-old credit card startup taking on industry giants.
Bessent says Powell doesn’t need to resign but should conduct internal review
There have been no indications from Powell that he plans to step down despite a barrage of criticism from the Trump administration.
JPMorgan Chase overhauls quantum computing leadership, poaches State Street executive
Quantum computing has the potential for huge advances over traditional computing and may have applications in finance, drug development and materials science.
LVMH-backed investor group takes 20% stake in private jet company Flexjet
The deal highlights the luxury industry’s rapid expansion into the experience economy as wealthy consumers increase spending on travel, dining and events.
LVMH expands reach into private jet market
CNBC’s Robert Frank joins ‘Squawk on the Street’ to discuss a new investment from LVMH in private jet company Flexjet.