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Browsing Category
Economy
U.S. crude oil tops $75 briefly then fades after strikes against Iran-backed Houthis
An oil tanker anchored in the Red Sea off the coast of Yemen's contested western province of Hodeida on July 15, 2023.Mohammed Huwais | Afp | Getty ImagesOil prices rose after…
Investors selling Wells Fargo stock after earnings are focusing on the wrong things
Wells Fargo reported better-than-expected quarterly results before the opening bell Friday. We were also happy to see that as of the end of 2023, management has officially…
Citigroup posts $1.8 billion fourth-quarter loss after litany of charges
Citigroup on Friday posted a $1.8 billion fourth-quarter loss after booking several large charges tied to overseas risks, last year's regional banking crisis and CEO Jane Fraser's…
Cramer: Costco not done ‘saturating the world’ as new China store lures massive crowds
Wholesale retailer Costco has a high-quality problem on its hands, CNBC's Jim Cramer said Friday in response to the "shopping frenzy" at its new China store. Bloomberg reported…
Bitcoin losses accelerate following ETF launch, while ether heads for an 18% gain on week
Bitcoin slid on Friday to end what should have been a momentous week for the cryptocurrency, with the launch of 11 bitcoin ETFs in the U.S. after a years long battle for…
Deflation: Here’s where prices fell in December 2023, in one chart
Extreme-photographer | E+ | Getty ImagesAs inflation continues to throttle back across the broad U.S. economy, some consumer categories have sunk into outright deflation.In other…
Citigroup is cutting 10% of its workforce in CEO Jane Fraser’s corporate overhaul
Jane Fraser, Citi, at WEF, Davos, Jan. 17, 2023.Adam Galica | CNBCCitigroup said it was cutting 10% of its workforce in a bid to help boost the embattled bank's results and stock…
Bitcoin ETFs have a key difference from their stock fund counterparts
The Securities and Exchange Commission pushed for bitcoin ETFs to have a key difference from major stock funds, and that decision's impact on how the funds trade will only become…
27-year-old quit her six-figure job to become a TikTok star—her business brought in $1 million last year
Hannah Williams hit a number of milestones in 2023 — the 27-year-old ex-data analyst married her husband and business partner, James Daniels; landed on the Forbes' 30 Under 30…
Wells Fargo posts higher fourth-quarter profit, helped by higher interest rates and cost cutting
Wells Fargo shares fell Friday even after fourth-quarter profit rose from a year ago, as the bank warned that net interest income for 2024 could come in significantly lower year…