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Financial News Around the World

Amazon stock jumps 8% after biggest profit beat since 2020. How the pros are playing it

Pros on CNBC discussed Amazon after the e-commerce retailer posted higher-than-expected quarterly results and its largest quarterly profit beat since 2020.

Published 4 August 2023
Categorised as Finance News

Why Mark Cuban doesn’t own yachts or hire house cleaners: ‘I try to be the same person I was when I was poor’

Mark Cuban may be a multi-billionaire, but he doesn’t have chauffeurs, butlers or a fancy yacht. Here’s why.

Published 4 August 2023
Categorised as Finance News

JPMorgan backs off recession call even with ‘very elevated’ risks

Economists at the country’s largest bank bailed on their recession call, joining a growing chorus that now thinks a contraction is no longer inevitable.

Published 4 August 2023
Categorised as Finance News

Consumers may soon get up to $14,000 or more in rebates for making energy-efficient home upgrades — if states sign on

Inflation Reduction Act created two consumer rebate programs tied to energy efficiency. Florida has signaled it won’t apply for the federal funding.

Published 4 August 2023
Categorised as Finance News

Money market funds are paying above 5%. What to know before ditching your savings account

Money market funds are now paying above 5%. Here’s what to know before transferring cash from a savings account.

Published 4 August 2023
Categorised as Finance News

The story of inflation, as told through your child’s backpack

Americans are expected to spend a record amount of school supplies this year. They’re feeling sticker shock as inflation continues to push up prices.

Published 4 August 2023
Categorised as Finance News

Stocks making the biggest moves midday: Amazon, Apple, Block, Tupperware and more

These are the stocks posting the largest moves in midday trading.

Published 4 August 2023
Categorised as Finance News

Black unemployment rate ticks lower in July as jobs market remains tight

Black workers saw their jobless rate fall to 5.8% in July, Labor Department data showed Friday.

Published 4 August 2023
Categorised as Finance News

Here’s where the jobs are for July 2023 — in one chart

The health care and social assistance category grew by 87,100 jobs last month, continuing a hot streak.

Published 4 August 2023
Categorised as Finance News

Carl Icahn’s company stock drops 30% after IEP slashes quarterly dividend in half

Carl Icahn’s conglomerate Icahn Enterprises slashed quarterly dividend in half amid notable short seller Hindenburg Research’s campaign.

Published 4 August 2023
Categorised as Finance News

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