Third-quarter economic growth is expected to be a tepid 1.6%, but markets could look past it
An oil well owned and operated by Apache Corp. in the Permian Basin of Garden City, Texas. Spencer Platt | Getty Images Third-quarter growth is expected to come in at a weakish 1.6%, with the biggest hits to come from...
The Fed is expected to cut rates, but how Powell discusses the next move could rattle markets
Federal Reserve Chairman Jerome Powell holds a news conference following a two-day Federal Open Market Committee meeting in Washington, June 19, 2019. Kevin Lamarque | Reuters Federal Reserve Chairman Jerome Powell faces one of the more difficult communications challenges of...
US consumer confidence dips in October, misses expectations
A woman shops at a Walmart Supercenter store in Rosemead, California. Frederic J. Brown | AFP | Getty Images U.S. consumer confidence dipped slightly in October as worries over business conditions and employment prospects ticked up, according to data from...
Pending home sales rise 1.5% in September, thanks to lower mortgage rates
A realtor holds an open house in Somerville, MA. Pat Greenhouse | The Boston Globe | Getty Images Pending home sales, which are measured by signed contracts to buy existing homes, rose 1.5% in September compared with August, according to...
Home price gains heat up in August but lag in major markets: S&P Case-Shiller index says
Daniel Acker | Bloomberg | Getty Images Home prices are heating up again on a national level, but some of the largest cities are lagging. That may be due to already overheated prices in those cities as well as new...
Beyond Meat shares plunge 20% despite solid results as insiders rush for the exits
Ethan Brown, founder and chief executive officer of Beyond Meat Inc., speaks during the company’s initial public offering (IPO) at the Nasdaq MarketSite in New York, U.S., on Thursday, May 2, 2019. Michael Nagle | Bloomberg | Getty Images Wall...
Fed to cut rates again, but other economic concerns are emerging ahead of election: CNBC survey
Even while the stock market breaks out to new records, the CNBC Fed Survey finds elevated concerns over recession, growing divisions about the outlook for monetary policy and worries about the economic policies of both President Donald Trump and Democratic...
Here’s what happened to the stock market on Monday
Dow Jones Industrial Average rises 130 points The Dow gained 132.66 points, or 0.49% to close at 27,090.72. The S&P 500 climbed 0.56% to end the day at 3,039.42. The Nasdaq Composite advanced 1% to 8,325.99. Better-than-expected earnings and U.S.-China...
Europe’s largest lender HSBC says pre-tax profits dropped 18% year over year
HSBC tower at Canary Wharf financial district in London, England Mike Kemp | In Pictures | Getty Images Europe’s largest lender HSBC reported third-quarter pre-tax profits that fell from a year ago, despite strength in its Asia operations. The bank...
How AT&T, Disney and Comcast are handling the move from pay TV to streaming
Bob Iger, CEO, The Walt Disney Company Scott Mlyn | CNBC It might seem like media companies are finally embracing the future as nearly every major programmer is launching a streaming service. But examining the streaming products of AT&T’s WarnerMedia,...
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