Economy

The Mustang Mach-E on display at the New York International Auto Show on March 28, 2024. Danielle DeVries | CNBC DETROIT – Ford Motor’s U.S. new vehicle sales rose 11.2% last month compared with May of last year, boosted by strong sales growth for all-electric and hybrid models. The Detroit automaker on Tuesday reported roughly […]

DUBAI, United Arab Emirates — State oil giant Saudi Aramco on Tuesday reported a 19% drop in its first-quarter earnings, recording net income of $31.9 billion down from $39.5 billion the previous year amid falling oil prices.Analysts expected to see a dip in net profit in its most recent quarter compared with the previous year,… […]

Ulrich Koerner, chief executive officer of Credit Suisse Group AG, during a Bloomberg Television interview in London, UK, on Tuesday, March 14, 2023. Hollie Adams | Bloomberg | Getty ImagesUBS on Tuesday announced that Credit Suisse CEO Ulrich Koerner will join the executive board of the new joint entity once its emergency purchase of the stricken… […]

Nintendo is hoping key games such as Mario and Zelda will help it keep players interested in its ageing Switch console series.Charly Triballeau | AFP | Getty ImagesNintendo reported a fall in profit and revenue in its fiscal year driven by a drop in sales of its flagship Switch console.For its full fiscal year, which… […]

QINGDAO, CHINA – MAY 06: Aerial view of illuminated Qingdao Qianwan Container Terminal at dusk on May 6, 2023 in Qingdao, Shandong Province of China.Vcg | Visual China Group | Getty ImagesChina’s exports grew 8.5% in April in U.S. dollar terms, marking a second-straight month of growth, while imports fell 7.9% compared with a year… […]

Investors should be wary of bearish strategists who opt for a macro view and instead focus on individual companies, CNBC’s Jim Cramer said Monday.”You always hear about missing the forest for the trees, but when you’re picking stocks, it’s just as important not to miss the trees for the forest,” Cramer said.In a market where… […]

Carol Tan, Rakcent Wong and their son, Atlas, have traveled across 23 countries and counting since the start of 2024. Courtesy of Rakcent Wong “You won’t be able to travel anymore after having children.” Carol Tan, 36, and Rakcent Wong, 35, often received that advice before having their son, Atlas — but they were determined […]

The recent Singapore Airlines turbulence incident and how the aftermath was handled offers a lesson to all in the industry, Emirates President Timothy Clark said. A Singapore Airlines flight encountered severe turbulence on its way from London to Singapore last month, leaving one person dead and several injured. The flight was forced to land in […]

Meme stock GameStop rallied again Monday on speculation that Keith Gill, the man who inspired 2021’s epic short squeeze, could have a huge position in the video game retailer. Shares closed up 21% to $28 a share. It had jumped more than 70% at the open, but closed well off the highs. Gill, who goes by […]

Republican presidential candidate and former U.S. President Donald Trump speaks during a press conference, the day after a guilty verdict in his criminal trial over charges that he falsified business records to conceal money paid to silence porn star Stormy Daniels in 2016, at Trump Tower in New York City, U.S., May 31, 2024. Brendan […]