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.
Elon Musk’s rebrand of Twitter to ‘X’ could get him in legal trouble with Mark Zuckerberg and Microsoft, experts say
Elon Musk’s Twitter rebrand is legally risky, experts say: Meta, Microsoft and multiple other companies already own trademarks to “X” as a name.
Despite interest rate hikes, nearly 70% of middle-income Americans haven’t switched to higher-yield savings
Despite inflation concerns, nearly 70% of middle-income Americans still haven’t moved savings to higher-yielding accounts, a new survey finds.
How the slowdown in US luxury spending is affecting LVMH’s earnings
CNBC’s Robert Frank joins ‘The Exchange’ to discuss LVMH’s earnings under pressure due to a slowdown in luxury spending, American”s shopping overseas for luxury goods, and the strength of wealthy consumers in China.