Economy

Former U.S. President Donald Trump speaks to members of the media amid his trial on charges of covering up hush money payments linked to alleged extramarital affairs, at Manhattan Criminal Court in New York City, on May 16, 2024. Angela Weiss | Via Reuters The Manhattan District Attorney’s Office told a judge Tuesday that it […]

On Tuesday, Walmart announced its fiscal third quarter results as the retail giant promotes its ongoing Black Friday and Cyber Monday holiday shopping events next week. The company reported revenue of $169.59 billion for the period, which beat analysts’ expectation of $167.72 billion, according to LSEG consensus estimates. Additionally, Walmart reported earnings per share of […]

Former President Donald Trump, a 2024 presidential hopeful, arrives at a Team Trump Iowa Commit to Caucus event at Jackson County Fairgrounds in Maquoketa, Iowa, on Sept. 20, 2023.Scott Olson | Getty ImagesA judge on Tuesday ruled that Donald Trump and his company are liable for fraud by misstating the true values of multiple real… […]

CNBC’s Jim Cramer on Tuesday shared his opinions on two antitrust lawsuits involving tech giants Amazon and Alphabet-owned Google, contending that neither company is a true monopoly.The Department of Justice filed a suit against Google alleging the company violated anti-monopoly law through agreements with mobile phone and browser manufacturers — namely a multibillion-dollar contract with… […]

The Demerara River in Guyana, South America.Arterra | Universal Images Group | Getty ImagesThe world’s fastest-growing economy may be on track to grow by more than 100% by 2028, largely fueled by profits from its oil production and export sector, according to one analysis.Guyana, a country in South America with a population of about 800,000… […]

Exterior view of a Costco store on August 18, 2020 in Teterboro, New Jersey.Kena Betancur | Corbis News | Getty ImagesCostco on Tuesday reported quarterly earnings that topped Wall Street’s expectations, as shoppers turned to the membership club for groceries but bought fewer big-ticket items.On an earnings call, Chief Financial Officer Richard Galanti said shoppers… […]

Chocolate bars on display.Orlando, Winter Park, Rocket Fizz Soda Pop & Candy Shop, chocolate bar display, Milky Way and Snickers. (Photo by: Jeff Greenberg/Education Images/Universal Images Group via Getty Images)Prices for sugar spiked as rising demand was compounded by a deteriorating weather outlook — and analysts say there’s still room for prices to shoot higher.Raw… […]

A year into the most significant period of Federal Reserve rate hikes in decades, you might think investors had already cemented their investment portfolio strategies for a higher interest rate world. But some of the biggest investors are making, or first planning, some of their biggest moves now.Count the largest county retirement plan in the… […]

Apple’s first physical retail store is located in the populous city of Mumbai.Punit Paranjpe | Afp | Getty ImagesFor years, Tim Cook has been bullish on India. Now, he’s betting big on the South Asian giant as Apple shifts its focus away from China and expands its footprint in India.Still, analysts told CNBC the iPhone-maker’s… […]

Employees of the Tesla Gigafactory Berlin Brandenburg work on the final inspection of the finished Model Y electric vehicles. The Tesla plant was opened and put into operation on March 22, 2022.Patrick Pleuil | Picture Alliance | Getty ImagesShares in electric vehicle maker Tesla dropped more than 4% after the company reported first-quarter earnings after… […]