Central Huijin Investment lifts stake in four of China’s biggest banks to boost market confidence.
Category: Finance News
Exxon Mobil agrees to buy Pioneer Natural Resources for nearly $60 billion. Here’s what the pros have to say
Pros on CNBC discussed Exxon Mobil after the company agreed to buy Pioneer Natural Resources.
$1.73 billion Powerball jackpot is the second-largest ever. Why prizes are getting bigger more often
The Powerball jackpot has surged to an estimated $1.73 billion. Here’s why lottery grand prizes are growing bigger more frequently, according to experts.
Goldman Sachs warns of hit to third-quarter earnings on deal to offload GreenSky
The move is the latest step CEO David Solomon has taken to retrench from his ill-fated push into consumer finance.
Already a humanitarian crisis, war with Hamas could have major impact on Israel’s economy
Israel’s armed forces called up more than 300,000 reservists, removing a significant part of the nation’s workforce from the economy.
Fed officials see ‘restrictive’ policy staying in place until inflation eases, minutes show
The Federal Reserve on Wednesday released minutes from its Sept. 19-20 policy meeting.
Stocks making the biggest moves midday: Novo Nordisk, DaVita, Exxon Mobil, Amgen and more
These are some of the stocks posting the largest moves midday.
These regional banks are at risk of being booted from the S&P 500
This year’s regional banking crisis has already caused changes in the S&P 500 index. More changes may be coming if the industry faces a protracted slump.
Oil prices could surge if Iran enters the war, Pioneer Natural Resources CEO says
“If Iran enters the war, we’re going to see much higher oil prices, obviously,” Sheffield said on CNBC’s “Squawk Box” Wednesday.
Wholesale inflation rose 0.5% in September, more than expected
The producer price index was expected to show a 0.3% increase in September, according to the Dow Jones consensus estimate.