Bank leaders seem to have reached a consensus: Despite a minefield of uncertainties this year, the U.S. consumer has remained surprisingly resilient. The takeaway for stock-pickers, though, is far from clear-cut. Ranging from President Donald Trump’s aggressive trade policy to the path of interest rates and a cooling labor market, the questions looming over the economy in 2025 are manifold. The ongoing government shutdown is the latest wrinkle, presenting risks to both the actual economy and investors’ ability to understand what’s going on due to the lack of economic data collection. Through it all, the banking world is still painting…
Author: usaeverydaylife
Peter Endig | AFP | Getty ImagesThe New Jersey attorney general sued Amazon on Wednesday, alleging the company has violated the rights of thousands of pregnant employees and staffers with disabilities who work in several of its facilities in the state.The complaint, filed in Essex County Superior Court by the office of Attorney General Matthew Platkin, alleges Amazon violated state anti-discrimination law in how it treats pregnant employees and employees with disabilities when they request a work accommodation.The state said the lawsuit follows a years-long investigation by its civil rights division into Amazon’s treatment of workers at warehouses across New…
CNBC’s “Fast Money” team share their final trades of the day. Source link
(These are the market notes on today’s action by Mike Santoli, CNBC’s Senior Markets Commentator. See today’s video update from Mike above.) In last Friday’s closing notes here, I offered this idea about the latest bout of market choppiness: “While the China flareup had folks comparing this tape to April’s tariff panic, it’s worth remembering that before April there was February, when crowded positioning in quality/momentum stocks unwound in a messy way even before the market started keying off trade hostilities.” This pretty well characterizes Wednesday’s action, the whipsaw in hot-money flows catching the S & P 500 in a…
CNBC’s Seema Mody reports on IBM’s third-quarter earnings report and conference call. Source link
Check out the companies making headlines in after-hours trading. Southwest Airlines — Shares of the airline gained 2% on the back of a surprise quarterly profit . Southwest also said that demand and fares are both improving. The company reported adjusted earnings of 11 cents per share, while analysts polled by LSEG had expected a loss of 3 cents per share. Revenue came out at $6.95 billion, meanwhile, beating analysts’ consensus estimate of $6.92 billion, per LSEG. Tesla — The electric vehicle stock, which has shone greater attention to its robotics and humanoid ambitions in recent months, fell nearly 2%…
The Trump administration on Wednesday imposed further sanctions on Russia’s two largest oil companies, citing “Russia’s lack of serious commitment to a peace process to end the war in Ukraine.””Now is the time to stop the killing and for an immediate ceasefire,” Treasury Secretary Scott Bessent said as he announced the sanctions on Rosneft and Lukoil.Treasury is prepared to take further action if necessary to support President Trump’s effort to end yet another war,” Bessent said. “We encourage our allies to join us in and adhere to these sanctions.”The Treasury Department said the new sanctions will harm the Kremlin’s ability…
The ‘Fast Money’ traders talk recent spike in market volatility. Source link
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailOn today’s episode of CNBC Crypto World, bitcoin drops to the $108,000 level. Plus, Coinbase says the crypto exchange acquired the digital asset investment platform Echo for approximately $375 million. And, Sergey Nazarov, co-founder of Chainlink, shares what was discussed during meetings with senators on Capitol Hill about crypto regulation. Source link
A Southwest Airlines jet approaches Midway Airport on Dec. 15, 2023, in Chicago. (John J. Kim/Chicago Tribune/Tribune News Service via Getty Images)John J. Kim | Chicago Tribune | Getty ImagesSouthwest Airlines on Wednesday posted a surprise profit for the third quarter and forecast better travel demand and higher fares for the fourth quarter.The carrier said it expects unit revenue to rise between 1% and 3% during the final three months of the year, with capacity up 6% over the same period last year.”This guidance range assumes demand strength remains at current levels through the end of the quarter,” Southwest said.Here’s…
