US consumer confidence weakens in March
American consumers were feeling less confident this month amid continued volatility in the financial markets. The Conference Board, a business research group, says its consumer confidence index fell to 124.1 in March from 131.4 in February. The index, covering through...
Bank of America’s tech chief is skeptical on blockchain despite having the most patents for it
For half a decade, Bank of America has quietly been preparing for a future in which the world of finance migrates to the blockchain. Under tech and operations chief Cathy Bessant, the giant bank has accumulated the most patents for...
Bond market says not only is a recession coming, but the Fed will cut interest rates to stop it
The bond market doubled down on scary warnings Monday, signaling both a possible recession is looming and that the Fed could have to cut interest rates this year to stop it. “People are starting to get fearful,” said Andrew Brenner...
‘More bumps in the road’ before US-China trade deal, former Treasury Secretary Jack Lew warns
A new round of trade talks between American and Chinese officials could help bring an end to the global trade war, former U.S. Treasury Secretary Jack Lew told CNBC on Monday, but resolving the remaining sticking points will be a...
Business economists see a slowdown in growth this year, survey says
The nation’s business economists foresee a sharp slowdown in U.S. economic growth over the next two years, in sharp contrast to the Trump administration’s predictions that growth will accelerate this year and next. That finding comes from the latest survey...
Hopes rise for US-China trade deal after Mueller report
With President Donald Trump in a stronger position now that the Mueller investigation is out of the way, China has more incentive reach a deal on U.S. trade, analysts say. Over the weekend, U.S. Attorney General William Barr said a...
Investors shouldn’t get scared by latest market pullback: Federated
One of Wall Street’s biggest bulls suggests the latest market pullback is no fluke. Federated Investors’ Phil Orlando believes the 2019 rally is increasingly vulnerable to a setback that could reach into the second quarter. Yet, he contends it’s no...
Brexit or not, Prudential says it made sense to move some business to Luxembourg
Prudential, the United Kingdom’s largest insurer, said it finished transferring some operations to Luxembourg about a week ago in preparation of Britain’s impending exit from the European Union. The insurer announced earlier this month that it was transferring 36 billion...
Euphoric IPO market may be a troubling sign for stocks
Billion-dollar private companies are stampeding to go public this spring. But fear, not excitement, may be driving the herd. After a slow first quarter for public offerings, denim giant Levi Strauss kicked off its debut this week, with shares popping...
Apple is keeping partners in the dark about how it plans to package and price its video service
Apple is going to announce its new video streaming service plans at an event in Cupertino, Calif., on Monday, March 25. Over the past few months, CNBC has reported many details on Apple’s plans. But the big open question is...
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