Business

Economist Claudia Sahm on CNBC's The Exchange.CNBCThe Federal Reserve is risking tipping the economy into contraction by not cutting interest rates now, according to the author of a time-tested rule for when recessions happen.Economist…

A worker assists with check-out at a Costco store in Teterboro, New Jersey, US, on Wednesday, Feb. 28, 2024. Stephanie Keith | Bloomberg | Getty ImagesRetail spending was weaker than expected in May as consumers continued to wrestle with…

Adobe CEO Shantanu Narayen speaks during an interview with CNBC on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., February 20, 2024. Brendan Mcdermid | ReutersAdobe shares surged 15% on Friday, the biggest gain…

The Bank of Japan is largely expected to hold interest rates steady at the end of its 2-day meeting ending June 14, 2024. Seen here, the Japanese flag flying high at the BOJ headquarters in Tokyo.Kazuhiro Nogi | Afp | Getty ImagesThe Bank…

A new endorsement of Starbucks from a top Wall Street research firm doesn't budge our skepticism about the coffee giant's ability to deal with the multiple challenges holding back its stock. Goldman Sachs on Thursday initiated coverage of…

Shantanu Narayen, CEO of Adobe being interviewed by Jim CramerLinda Dimyan | CNBCAdobe shares jumped 15% in extended trading on Thursday after the design software maker reported earnings and revenue that topped estimates.Here's how the…

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 Thursday's key moments. U.S. stocks were mixed Thursday as traders weighed May's producer price index data ,…

A measure of wholesale prices unexpectedly decreased in May, adding another piece of evidence that inflation is pulling back.The producer price index, a gauge of prices that producers get for their goods and services in the open market,…

U.S. Treasury Secretary Janet Yellen testifies before a Senate Appropriations Financial Services and General Government Subcommittee hearing on President Biden’s proposed budget request for the Department of Treasury, on Capitol Hill in…

Broadcom shares surged more than 14% in extended trading Wednesday after the chip and software maker delivered better-than-expected quarterly results, driven by strong artificial intelligence and VMware demand. Broadcom also raised its…

Igor Golovniov | Lightrocket | Getty ImagesBroadcom posted earnings for the second fiscal quarter on Wednesday that beat analysts' estimates. It also announced a 10-for-1 stock split, set to begin trading on a split-adjusted basis on July…

Larry Ellison, chairman and co-founder of Oracle Corp., speaks during the Oracle OpenWorld 2017 conference in San Francisco on Oct. 1, 2017.David Paul Morris | Bloomberg | Getty ImagesOracle Chairman Larry Ellison is $18 billion richer…

The consumer price index showed no increase in May as inflation slightly loosened its stubborn grip on the U.S. economy, the Labor Department reported Wednesday.CPI, a broad inflation gauge that measures a basket of goods and services costs…

People with umbrellas on London Bridge.Karl Hendon | Moment | Getty ImagesLONDON — U.K. economic growth ground to a halt in April, according to flash figures published on Wednesday, stalling the muted rebound from last year's recession mere…

Larry Ellison, co-founder, chairman and chief technology officer of Oracle, speaks during the Oracle OpenWorld conference in San Francisco on Oct. 1, 2017.David Paul Morris | Bloomberg | Getty ImagesOracle shares jumped as much as 9% in…

Jerome Powell, Chairman of the U.S. Federal Reserve, speaks during the conference celebrating the Centennial of the Division of Research and Statistics, Board of Governors of the Federal Reserve System in Washington D.C., United States on…

Salvage crews continue to work on removing debris from the Francis Scott Key Bridge collapse after it was struck by the container ship Dali, now docked at Seagirt Marine Terminal in Baltimore. (Jerry Jackson/Baltimore Sun/Tribune News…

Traders work on the floor of the New York Stock Exchange during afternoon trading on June 03, 2024 in New York City. Michael M. Santiago | Getty ImagesMay's surprising pace of job growth along with a rise in wages added to conviction that…

A representative speaks with a jobseeker at a job fair at Brunswick Community College in Bolivia, North Carolina, on April 11, 2024.Allison Joyce | Bloomberg | Getty ImagesThe unemployment rate for white Americans held steady from April to…

Russia's President Vladimir Putin gestures as he delivers a speech during the Saint Petersburg International Economic Forum (SPIEF) in Saint Petersburg on June 7, 2024.Anton Vaganov | Afp | Getty ImagesRussian President Vladimir Putin said…

Job growth in May was surprisingly strong, pushing back on lingering fears of a broader economic slowdown and likely slowing the Federal Reserve's rate-cutting timeline.The U.S. economy added 272,000 jobs for the month, coming out…

The U.S. economy added far more jobs than expected in May, countering fears of a slowdown in the labor market and likely reducing the Federal Reserve's impetus to lower interest rates.Nonfarm payrolls expanded by 272,000 for the month, up…

Traders walk the floor during morning trading at the New York Stock Exchange (NYSE) on May 14, 2024 in New York City. Spencer Platt | Getty ImagesGameStop the video game retailer currently riding another wave of trading enthusiasm spurred…

Russian President Vladimir Putin is seen while visiting the Lakhta Center on June 5, 2024, in Saint Petersburg, Russia. Vladimir Putin visited a newly built Lakhta Center, a skyscraper of Gazprom, prior to his meetings at the Saint…

Liu Jie/Xinhua via Getty ImagesInvestors will be looking to May's nonfarm payrolls report for more clarity on whether the Federal Reserve can ease up in its battle against inflation.Economists surveyed by Dow Jones expect the Bureau of…

Samantha McCloud, 16, left, Victoria Garcia, 16, Jessel Rincon, 16, at college and career fair at Temple City High School on Saturday, Oct. 21, 2023 in Temple City, CA.Irfan Khan | Los Angeles Times | Getty ImagesAfter receiving a graduate…

A shopper browses a selection of body boards outside a Five Below store in Bloomington, Illinois, on July 25, 2018.Daniel Acker | Bloomberg | Getty ImagesWhile inflation is showing signs of easing, consumers in the country may still be…

Lululemon's growth in the Americas, its largest market, appears to be stalling after the retailer on Wednesday reported flat comparable sales in the region and weak guidance for the current quarter. The athletic apparel retailer handily…

An exterior view of a Dollar Tree store in Bloomsburg Pennsylvania. Paul Weaver | Sopa Images | Lightrocket | Getty ImagesDollar Tree announced Wednesday it is considering a sale of its more grocery-focused Family Dollar brand.The company…

A bartender prepares drinks in Le Central restaurant in San Francisco, California, US, on Tuesday, May 7, 2024. David Paul Morris | Bloomberg | Getty ImagesPrivate job creation slowed more than expected in May, according to a report…