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Breaking News: Markets

Wholesale inflation rose 0.6% in February

by Adrian Jhonsan
Wholesale inflation rose 0.6% in February

Wholesale prices accelerated at a faster-than-expected pace in February, another reminder that inflation remains a troublesome issue for the U.S. economy. The producer price index, which measures pipeline costs for …

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Categories World

Shareholder payouts hit a record $1.7 trillion last year as bank profits surged

by Adrian Jhonsan
Shareholder payouts hit a record .7 trillion last year as bank profits surged

Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., March 5, 2024. Brendan Mcdermid | Reuters LONDON — Global dividend payouts to …

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Categories World

Jamie Dimon endorses Disney CEO Bob Iger in proxy fight with Nelson Peltz’s Trian Partners

by Adrian Jhonsan
Jamie Dimon endorses Disney CEO Bob Iger in proxy fight with Nelson Peltz’s Trian Partners

JPMorgan Chase CEO Jamie Dimon endorsed Disney CEO Bob Iger in his proxy battle with activist Trian Partners, CNBC’s David Faber has learned. Dimon gave the following statement on Iger …

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Categories World

Banking analysts see 3 reasons why Wells Fargo should push even higher in 2024

by Adrian Jhonsan
Banking analysts see 3 reasons why Wells Fargo should push even higher in 2024

Wells Fargo ‘s run of form continued Wednesday, with shares hitting another 52-week high. Wall Street analysts see more upside ahead for what’s been the best-performing major U.S. bank stock …

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Categories World

Oil prices jump after Ukraine strikes Russian oil refineries

by Milton Acorn
Oil prices jump after Ukraine strikes Russian oil refineries

A view of an oil well at Arab Desert in Jebel Dukhan, Bahrain on March 4, 2024. Nurphoto | Nurphoto | Getty Images Crude oil futures jumped Wednesday after Ukraine …

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Categories Science

News hitting GE Healthcare (GEHC) removes an overhang on the stock

by Shawn Butlere
News hitting GE Healthcare (GEHC) removes an overhang on the stock

Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Wednesday’s key moments. U.S. stocks were mixed Wednesday …

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Categories Health

Adidas warns of falling sales in North America as it continues to sell off Yeezy inventory

by Adrian Jhonsan
Adidas warns of falling sales in North America as it continues to sell off Yeezy inventory

Adidas shoes are displayed at a DSW store on January 31, 2024 in Novato, California.  Justin Sullivan | Getty Images Adidas on Wednesday warned of a sales decline in its …

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Categories World

Empty middle seats, more legroom

by Monica Lozano
Empty middle seats, more legroom

A Frontier Airlines plane lands at the McCarran International Airport in Las Vegas on Thursday, Feb. 27, 2020.  Elizabeth Page Brumley | Tribune News Service | Getty Images First class …

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Categories Travel

Airbus widens aircraft delivery lead

by Adrian Jhonsan
Airbus widens aircraft delivery lead

A Boeing 737 Max aircraft during a display at the Farnborough International Airshow, in Farnborough, Britain, July 20, 2022. Peter Cziborra | Reuters Boeing handed over 27 airplanes to its …

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Categories World

Did Starbucks’ job in China just get tougher? Our take on Trump tariff talk

by Adrian Jhonsan
Did Starbucks’ job in China just get tougher? Our take on Trump tariff talk

Former President Donald Trump ‘s promise of tougher China tariffs if elected again could make doing business in the world’s second-largest economy more difficult for American companies like Starbucks which …

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Categories World
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