U.S. consumer sentiment has been on a downward trend since the Covid-19 pandemic. Inflation, wars and President Trump’s tariffs are to blame, economists say.
Burberry says turnaround on track as Americas and China fuel strong growth
Full-year revenue came in largely in line with expectations at £2.4 billion.
Trump, Xi begin summit in first U.S. presidential trip to Beijing in nearly a decade
U.S. President Donald Trump met Chinese President Xi Jinping in Beijing on Thursday morning for the start of a high-stakes summit that runs through Friday.
Kevin Warsh wins Senate confirmation as the next Federal Reserve chair
In the most divisive vote ever for a Fed chair, Warsh, 56, won confirmation to take over for Jerome Powell.
Trump to announce tariff truce extension, aircraft purchases from Boeing in China, traders predict
Traders also think it is likely that the president will talk about Iran, despite his comments that the U.S. doesn’t need China’s help in resolving the war.
Wholesale inflation jumps 6% in April on annual basis, biggest increase since 2022
The producer price index was expected to increase 0.5% in April, according to the Dow Jones consensus.
Stocks making the biggest moves premarket: Alibaba, EchoStar, Micron & more
These are the stocks posting the largest moves premarket.
$2B test for the art market: Here’s what to know
The art market about to give a glimpse into the wealthy. CNBC’s Robert Frank joins ‘Squawk Box’ with the details.
Buy these ‘cheap’ stocks, Barclays says, as luxury’s ‘self-help stories’ pay off
The conflict in the Middle East has weighed heavily on the world’s biggest luxury stocks, but Barclays sees a buying opportunity.
Nvidia says CEO Jensen Huang is joining Trump’s China trip
The U.S. chipmaker executive was not included in earlier lists of business leaders participating in President Donald Trump’s trip to China this week.