CFOs haven’t been this upbeat about the global economy since 2018: CNBC survey
In the U.S., a consumer that represents 70% of the economy is seen as key to a continued recovery, and confidence surged in March to its highest level since the pandemic began. cihatatceken | iStock | Getty Images Covid cases...
Pending home sales fell over 10% in February, as record low supply stifles the housing market
A sale pending sign is posted in front of a home for sale on July 17, 2014 in San Francisco, California. Justin Sullivan | Getty Images The U.S. housing market is suffering from its lowest supply in history, and that...
Amazon-backed Deliveroo tanks in London market debut
A Deliveroo cyclist in London, U.K. Dinendra Haria | SOPA Images | LightRocket | Getty Images LONDON — Shares of British food delivery start-up Deliveroo plunged in its stock market debut Wednesday, as the company faces pressure from top investors...
Critics slam the Fed as home prices rise at a historic rate
An ‘Open House’ sign is displayed as potential home buyers arrive at a property for sale in Columbus, Ohio. Ty Wright | Bloomberg | Getty Images Home price gains are accelerating at an alarming pace, fueled by Covid pandemic-related inflation,...
Tax-refund phishing scam targets college students and staff, IRS warns
Visoot Uthairam | Moment | Getty Images The IRS warned Tuesday of a tax-refund phishing scam targeting college students and staff who believe they have a pending tax refund. Con artists are using fake e-mails to impersonate the federal tax...
How Goldman and Morgan Stanley avoided losses after fund meltdown burned Nomura, Credit Suisse
People are seen on Wall St. outside the New York Stock Exchange (NYSE) in New York City, March 19, 2021. Brendan McDermid | Reuters When investors are stampeding for the exits, it pays to be first out the door. That’s...
Fed’s Waller says the central bank isn’t keeping rates low to finance government debt
Christopher Waller, U.S. President Donald Trump’s nominee for governor of the Federal Reserve, speaks during a Senate Banking Committee confirmation hearing in Washington, D.C., U.S, on Thursday, Feb. 13, 2020. Andrew Harrer | Bloomberg | Getty Images The Federal Reserve...
Stocks making the biggest moves in the premarket: Goldman Sachs, Credit Suisse, Nomura & more
Take a look at some of the biggest movers in the premarket: Discovery Communications (DISCA), Viacom (VIAC) – Both stocks remain on watch this morning, after significant declines last week. A source with direct knowledge of the situation told CNBC...
The Fed has embraced the ‘punchbowl’ and has no intention of taking it away
The Marriner S. Eccles Federal Reserve building stands in Washington, D.C., U.S., on Tuesday, Aug. 18, 2020. Erin Scott | Bloomberg via Getty Images The Federal Reserve has come a long way from the days of warning about “irrational exuberance.”...
China-listed stocks tank on fears of multiple disputes with U.S.
Chinese and U.S. flags outside the building of an American company in Beijing, China January 21, 2021. Tingshu Wang | Reuterss A new Securities and Exchange Commission rule that will require foreign companies to submit documentation about government affiliations and...
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