Consumers are acting vastly different depending on income level.
Category: Finance News
Sweetgreen shares soar 35% after company beats revenue expectations
Shares of the salad chain surged 35% Friday after the company beat Wall Street’s forecast for first-quarter results.
Consumer sentiment tumbles as inflation fears surge, closely watched survey shows
The University of Michigan Survey of Consumers posted a reading of 67.4 for May, down from 77.2 in April.
Stocks making the biggest moves premarket: Yelp, Sweetgreen, Novavax, Akamai Technologies and more
These are the stocks posting the largest moves in premarket trading.
Traders reassess Bank of England rate cuts as UK grows at fastest rate in nearly 3 years
A slew of commentary from the Bank of England and a better-than-expected economic growth number have left traders and investors scrambling to refine their bets.
An art market full of cracks is about to face a $1 billion test
While the spring sales typically have more than a dozen works offered for more than $30 million each, this year there are just a few.
$1 billion test for the art market: Here’s what to know
CNBC’s Robert Frank joins ‘Squawk Box’ with the latest news from the art market.
UK economy emerges from recession with 0.6% growth in first quarter
The U.K. economy has emerged from recession as gross domestic product rose 0.6% in the first quarter, beating expectations.
The U.S. is now Germany’s biggest trading partner — taking over from China
After years of China being Germany’s main trading partner, the U.S. quietly overtook that spot in the first quarter of the year, data calculations show.
European companies in China are under pressure from slower growth, overcapacity
European companies are finding it harder to make money in China as growth slows and overcapacity pressures increase, according to an annual business survey.