Economy

RH CEO Gary Friedman told CNBC’s Jim Cramer on Friday why the upscale home furnishing retailer doesn’t have any official social media accounts, saying paid promotions by online influencers aren’t authentic. “The great brands that stand the test of time, they earn it, right,” Friedman said. “They tell the truth. And, you know, having fake […]

Elon Musk, Chief Executive Officer of SpaceX and Tesla and owner of X looks on during the Milken Conference 2024 Global Conference Sessions at The Beverly Hilton in Beverly Hills, California, U.S., May 6, 2024. David Swanson | Reuters The Securities and Exchange Commission has asked a federal judge to sanction Elon Musk if he […]

Federal Reserve Governor Christopher Waller said Friday he supported a half percentage point rate cut at this week’s meeting because inflation is falling even faster than he had expected. Citing recent data on consumer and producer prices, Waller told CNBC that the data is showing core inflation, excluding food and energy, in the Fed’s preferred […]

UBS Chairman Colm Kelleher (R) shakes hands with Credit Suisse chairman Axel Lehmann (L) after an interview following talks over Credit Suisse in Bern on March 19, 2023. Fabrice Coffrini|Afp|Getty Images UBS accepted purchase its embattled competitor Credit Suisse for 3 billion Swiss francs ($ 3.2 billion) Sunday, with Swiss regulators playing a crucial part… […]

China’s top leaders vowed to “adjust and optimize policies in a timely manner” for its beleaguered property sector, while elevating stable employment to a strategic goal, along with other pledges to boost domestic consumption demand and resolve local debt risks.Ullstein Bild | Ullstein Bild | Getty ImagesChina’s top leaders pledged to “adjust and optimize policies… […]

Increased antitrust scrutiny against Big Tech companies is making us carefully examine the Justice Department’s lawsuit against Alphabet (GOOGL) and the potential implications for this Club holding and other mega-caps.Jim Cramer Monday spoke with Jonathan Kanter, assistant attorney general for the Antitrust Division at the Department of Justice, in an exclusive “Mad Money” interview. While… […]

In the end, “Barbenheimer” lived up to the hype.The release of Greta Gerwig’s “Barbie” and Christopher Nolan’s “Oppenheimer” on the same day drew moviegoers to cinemas in droves, and the double feature powered one of Hollywood’s biggest weekends ever.”Barbie” is a bright, quick-on-its-feet comedy, while “Oppenheimer” is an adult-oriented three-hour biopic. Still, the wildly different… […]

CNBC’s Jim Cramer preached a straightforward message on Monday: Keep it simple, stupid.Cramer urged investors to bide their time and wait for a swoon in a company’s price before buying. He touted “Magnificent Seven” tech stocks — Amazon, Apple, Alphabet, Meta, Tesla, Nvidia and Microsoft — as well as other prominent Nasdaq-listed companies like Salesforce… […]

NXP SemiconductorsSource: nxp.comCheck out the companies making headlines in extended trading.Cadence Design Systems — Shares fell 4% after the company posted its second-quarter results. Revenue in the company’s product and maintenance category came in at $922.8 million, compared to analysts’ estimates for $928.8 million, according to StreetAccount. Revenue for services also missed expectations, coming in… […]

Street scene in Old Bond Street, Mayfair, London, United Kingdom. Pawel Libera | The Image Bank | Getty Images LONDON — Monaco, Italy, Switzerland, Dubai. They’re just a few of the destinations trying to lure away the U.K.’s uber wealthy ahead of proposed changes to the country’s divisive non-dom tax regime. Almost two-thirds (63%) of […]