Years of low interest rates gave U.S. investors access to an effectively endless supply of free money. A new economic era is unfolding as interest rates rise.
Deutsche Bank beats expectations despite 27% drop in profit, jump in costs
The bank’s net profit attributable to shareholders slightly topped a prediction of 737 million euros in a Reuters poll of analysts.
China signals more support for real estate with a ‘big change’ in tone
China has changed its tone on the country’s struggling real estate sector, signaling that more policy support may be on the way.
What happened to the Chinese travel boom everyone was waiting for? It stayed in China
Rather than a boom, the recovery of international travel in China is likely to be spread out over 2023 and 2024, says Mastercard economist David Mann.
Wells Fargo announces $30 billion buyback, shares rise
Wells Fargo announced a $30 billion stock buyback and approved a dividend increase.
Stocks making the biggest moves after hours: Microsoft, Alphabet, Snap, Teladoc and more
These are the stocks posting the largest moves in extended trading.
JPMorgan Chase exec Erdoes sought tax advice, Madoff intel from Epstein, suit alleges
The U.S. Virgin Islands suit alleged that Epstein was a “personal resource” for Erdoes and her former boss at JPMorgan, Jes Staley.
Here’s what to expect from the Federal Reserve meeting Wednesday
The Federal Reserve is expected on Wednesday to approve what would be the 11th interest rate increase since March 2022.
LVMH earnings suggest luxury spending is suddenly slowing in the U.S.
LVMH sales rose in Asia and Europe, but the luxury goods company struggled in the U.S. during the second quarter.
General Motors shares drop after second-quarter earnings. Here’s what the pros are saying
Pros on CNBC discussed General Motors after the company reported second-quarter results that beat on revenue and raised its full-year guidance.