Enes Evren Many investors are bracing for the economic fallout of the deadline for the U.S. to raise the debt ceiling or default on its obligations. Treasury Secretary Janet Yellen on Sunday said that failing to raise the debt ceiling will cause a “steep economic downturn” in the U.S., reiterating the country’s early June deadline.
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Skyscrapers of the city center can be seen from the Lohrberg in the north of Frankfurt. Photo: Arne Dedert/dpa (Photo by Arne Dedert/picture alliance via Getty Images) Picture Alliance | Picture Alliance | Getty Images Germany’s financial regulator on Tuesday warned that the country’s banking system is undergoing a real-life stress test amid the current
In this article NFLX DIS PARA WBD Follow your favorite stocksCREATE FREE ACCOUNT Members of the Writers Guild of America (WGA) East hold signs as they walk on the picket-line outside of the Peacock NewFront on May 02, 2023 in New York City. Michael M. Santiago | Getty Images The Writers Guild of America dropped
Ulrich Koerner, chief executive officer of Credit Suisse Group AG, during a Bloomberg Television interview in London, UK, on Tuesday, March 14, 2023. Hollie Adams | Bloomberg | Getty Images UBS on Tuesday announced that Credit Suisse CEO Ulrich Koerner will join the executive board of the new joint entity once its emergency purchase of
Orna Guralnik Source: Showtime Not long after I began working as a personal finance reporter at CNBC in 2018, I started psychoanalysis. The form of therapy had long intrigued me, with the intensity of its three sessions a week and its search for answers among our dreams and pasts. Because I’d heard that psychoanalysis was
In this article LCID LCID Follow your favorite stocksCREATE FREE ACCOUNT In an aerial view, a sign is posted on the exterior of Lucid headquarters on March 29, 2023 in Newark, California. Electric vehicle maker Lucid announced plans to lay off 1,300 workers, 18 percent of its workforce, as part of a restructuring plan. Justin
In this article PLTR Follow your favorite stocksCREATE FREE ACCOUNT Alex Karp, CEO of Palantir Technologies, speaks at Davos Congress Centre, the venue of the World Economic Forum (WEF) 2023, in the Alpine resort of Davos, Switzerland, January 18, 2023. Arnd Wiegmann | Reuters Shares of Palantir rose as much as 28% in extended trading
In this article PYPL PLTR SWKS LCID Follow your favorite stocksCREATE FREE ACCOUNT People stand in front a banner displaying Palantir Technologies Inc. signage during the company’s initial public offering (IPO) in front of the New York Stock Exchange (NYSE) in New York, Sept. 30, 2020. Michael Nagle | Bloomberg | Getty Images Check out
Activist investor Nelson Peltz has no intention of pursuing a shakeup at Club holding Estee Lauder (EL), in part because the prestige beauty firm’s dual-class share structure gives the Lauder family outsized control over the direction of the company, Jim Cramer said Monday . Jim’s comments came in response to a New York Post story
Sen. Bernie Sanders, I-Vt., speaks on raising the federal minimum wage outside the U.S. Capitol on May 4, 2023. Anna Moneymaker | Getty Images News | Getty Images The federal minimum wage of $7.25 an hour has not changed in nearly 14 years. Last week, Sen. Bernie Sanders, I-Vt., unveiled a new plan to update
The Biden Administration recently announced nearly half a billion dollars from both the Inflation Reduction and Infrastructure laws would go toward clean energy projects at former coal mines. Some will be solar farms at the sites, but there is a lesser known opportunity inside the mines: Geothermal energy. Abandoned coal mines generally fill with water when the
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Warren Buffett ahead of the Berkshire Hathaway Annual Shareholder’s Meeting in Omaha, Nebraska. David A. Grogan | CNBC OMAHA, Neb. — Warren Buffett, whose conglomerate is viewed as a barometer for U.S. economic health because of the range of businesses it owns, said something that doesn’t bode well for those believing we will skirt a
In this article GS GSBD Follow your favorite stocksCREATE FREE ACCOUNT A trader works on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., May 4, 2023. Brendan Mcdermid | Reuters At a time when many investors are pulling back, family offices are moving into “risk on” mode, with plans
Halfpoint | Istock | Getty Images As of the latest tally, 1.4 million more Americans have dropped out of college — although some “stopouts” may reenroll if the Supreme Court affirms President Joe Biden’s student loan forgiveness plan and their education debt is forgiven, a new report shows. Overall, college enrollment declines have begun to
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In this article WBD Follow your favorite stocksCREATE FREE ACCOUNT U.S. President Donald Trump looks on during a commercial break during a live one-hour NBC News town hall forum with a group of Florida voters in Miami, Florida, U.S., October 15, 2020. Carlos Barria | Reuters When Chris Licht took over as CNN’s chief executive
Billionaire Masayoshi Son, chairman and chief executive officer of SoftBank Group Corp., speaks in front of a screen displaying the ARM Holdings logo during a news conference in Tokyo on July 28, 2016. Tomohiro Ohsumi | Bloomberg | Getty Images The U.K. may be a great place to build a tech company — but when
Justin Cronin Tim Llewellyn Photography NEW YORK — Justin Cronin spent a decade writing and publishing his bestselling “Passage” trilogy, which spins a sweeping tale about a dystopian, near-future America overrun by vampires. Now the 60-year-old author is back with his first novel since that series wrapped up with “The City of Mirrors” in 2016.
The World Travel & Tourism Council says the global travel and tourism sector won’t fully recover this year — but it will get close. The sector is forecast to reach $9.5 trillion in 2023, just 5% shy of the its gross domestic product contribution in 2019, according to the WTTC’s 2023 Economic Impact Research. After