Economy

Meta Platforms (META) delivered a much better-than-expected second quarter Wednesday, with its robust revenue guidance for the current period further proof the social media giant has made incredible strides monetizing its products even while reining in costs. Revenue for the three months ended June 30 climbed 11% year-over-year, to $32 billion, beating analysts’ forecasts of… […]

CNBC’s Jim Cramer said Wednesday that “parsing the Fed’s move is a mug’s game.”After the Federal Reserve raised rates to their highest level in 22 years, Cramer said investors can use market volatility created by the central bank meeting to buy stocks in line with 10 themes from this quarter’s earnings season.related investing news”Why am… […]

A driver rides hands-free in a Tesla Motors Inc. Model S vehicle equipped with Autopilot hardware and software in New York.Christopher Goodney | Bloomberg | Getty ImagesThe California attorney general’s office is investigating Tesla, seeking information from customers and former employees about Autopilot safety issues and false advertising complaints, CNBC has learned.Greg Wester, the owner… […]

People walk past an Amazon Fresh store in Washington, DC, on August 26, 2021.Nicholas Kamm | AFP | Getty ImagesAmazon is cutting some jobs at its Fresh grocery stores, CNBC has confirmed.The company said it’s restructuring the in-store staffing and operations model at its Amazon Fresh stores in the U.S., and as a result is… […]

A man walks past the People’s Bank of China (PBOC) building on July 20, 2023 in Beijing, China. (Photo by Jiang Qiming/China News Service/VCG via Getty Images China News Service | China News Service | Getty Images China bonds rallied with yields hitting record lows after the People’s Bank of China on Tuesday announced that […]

Striking Boeing workers hold rally at the Boeing Portland Facility on September 19, 2024, in Portland, Oregon. Jordan Gale | AFP | Getty Images Boeing on Monday sweetened its contract offer and said it was its “best and final” proposal for its more than 30,000 machinists as their strikewhich has halted most of the aerospace […]

Oktoberfest is a worldwide phenomenon, a Bavarian beer festival celebrated in countries around the globe. But many say nowhere is it more fun than in its original home of Munich. The festival attracts some six million celebrants every yearaccording to a festival website operated by Munich’s Department of Labor and Economics. As a non-Bavarian German […]

Pan Gongsheng, governor of the People’s Bank of China, delivers a speech during the 2024 Lujiazui Forum on June 19, 2024 in Shanghai, China. Vcg | Visual China Group | Getty Images BEIJING — China will cut the amount of cash banks need to have on hand, known as the reserve requirement ratio or RRR […]

An apology can be a crucial opportunity to spark positive change and build trust. That’s especially true for bosses and leaders, who sometimes have to make public statements acknowledging missteps or give internal apologies to their employees. Take Air India CEO Campbell Wilson, for example. In a June 12 video, shortly after an airplane crash […]

Film directors Rian Johnson (L), Greta Gerwig (C), and Guillermo Del Toro (R) Getty Images Netflix isn’t interested in bringing movies to theaters. The company’s leaders have said they see theatrical movie releases as an “outdated” model. Yet for more than a decade, the streamer has lured in some of Hollywood’s biggest directors to make content […]