The Moody’s downgrade of 10 banks this week and warnings that more could be coming reignited concerns over U.S. regional banks.
Stocks making the biggest moves premarket: Penn Gaming, Lyft, WeWork and more
WeWork’s stock fell more than 25% after the company warned of a potential bankruptcy.
China reports smaller-than-expected drop in consumer prices
Lackluster domestic demand has persisted since the pandemic.
Stocks making the biggest moves after hours: Penn Entertainment, Super Micro Computer, Rivian and more
These are the stocks posting the largest moves in extended trading.
Eli Lilly hits record high after earnings, Mounjaro hype. Here’s what the pros are saying
Pros on CNBC discussed Eli Lilly after the company beat earnings and revenue estimates for the second quarter and raised its full-year guidance.
Soft landing vs. mild recession: What advisors are telling their clients about the economy
After more than a year of gloomy forecasts for the U.S. economy, some experts have backed off recession predictions. Here’s what financial advisors say.
Goldman Sachs says chief of staff John Rogers to step back from longtime role
The move comes at a key time for Goldman CEO David Solomon, who has endured criticism over a failed consumer banking effort, his DJ hobby and other missteps.
Stocks making the biggest moves midday: Beyond Meat, Chegg, PNC Financial, Dish & more
Regional bank stocks were broadly under pressure on Tuesday after Moody’s made changes to the credit rating or outlook for more than two dozen banks.
This toxic mindset can cost you ‘tens of thousands of dollars,’ says psychologist—how to avoid it
Self-worth issues can affect your long-term wealth, says psychologist and podcast host Dr. Adia Gooden. Here is how to avoid those costly mistakes.
Credit card balances jumped in the second quarter and are above $1 trillion for the first time
Credit card debt 30 or more days late rose to 7.2% in the second quarter, up from 6.5% in Q1 and the highest rate since the first quarter of 2012.