Trumpto move fast on tariffs, says Wall Street firm, citing clients who met with ex-trade chief
Economy

Trumpto move fast on tariffs, says Wall Street firm, citing clients who met with ex-trade chief

Robert Lighthizer, former US trade representative, speaks during an event with former US President Donald Trump, not pictured, at Precision Components Group in York, Pennsylvania, US, on Monday, Aug. 19, 2024. Graeme Sloan | Bloomberg | Getty Images Donald Trump’s longtime trade adviser is apparently telling Wall Street money managers that if the Republican presidential nominee is reelected, he […]

Boeing to cut 17,000 jobs as losses deepen during factory strike
Economy

Boeing to cut 17,000 jobs as losses deepen during factory strike

Boeing 737 MAX airliners are pictured at the company’s factory in Renton, Washington, on Sept. 12, 2024. Stephen Brashear | AP Boeing will cut 10% of its workforce, or about 17,000 people, as the company’s losses mount and a machinist strike that has idled its aircraft factories enters its fifth week. It will also push […]

Jim Cramer says hold still on Tesla stock after Cybercab debut flops
Economy

Jim Cramer says hold still on Tesla stock after Cybercab debut flops

After Wall Street balked at Tesla ‘s highly-anticipated robotaxi unveiling, CNBC’s Jim Cramer told investors not to make any moves on the stock. While he said he wouldn’t recommend buying Tesla after Thursday night’s event floppedCramer discouraged shorting the stock, saying it’s “dangerous to bet against” CEO Elon Musk. “Even though Tesla’s robotaxi event was […]

Here’s the deflation breakdown for September 2024 — in one chart
Economy

Here’s the deflation breakdown for September 2024 — in one chart

Jeff Greenberg | Universal Images Group | Getty Images Inflation has eased gradually across the broad U.S. economy, and some areas of consumer spending, such as furniture and gasoline, have even deflated over the past year. Deflation is when prices decline for goods and services. It is rare for prices to fall from their current […]

Asia promotes crypto clarity amid regulatory uncertainty in the U.S.
Economy

Asia promotes crypto clarity amid regulatory uncertainty in the U.S.

High-rise buildings are seen near Victoria Harbour in Hong Kong, China, July 24, 2023. (Photo by Costfoto/NurPhoto via Getty Images)Costfoto | Nurphoto | Getty ImagesAsia is promoting crypto clarity amid regulatory uncertainty in the U.S., and this could make the region more attractive to investors, according to industry observers.”Cryptocurrency regulations in Asia have moved along… […]

Walmart will report earnings before the bell — here’s what to expect
Economy

Walmart will report earnings before the bell — here’s what to expect

Walmart on Thursday raised its full-year forecast, as the discounter leaned on its low-price reputation to draw grocery customers and drive online spending.The big-box retailer beat Wall Street’s expectations for sales and profits. E-commerce sales for Walmart U.S. also jumped 24%.Walmart said it now expects full fiscal-year consolidated net sales to increase by about 4%… […]