BYD Shark plug-in hybrid electric pickup truckMichael Wayland / CNBCDETROIT — There's a Shark circling one of the greatest profit pools for American automakers globally, as Chinese automaker BYD Auto expands its reach and product portfolio with a pickup truck.Without the vehicle's branding badge, the BYD Shark could pass as...
Day: January 26, 2025
DoubleLine’s Gundlach says the Fed looks like Mr. Magoo, focuses too much on ‘short-termism’
Jeffrey Gundlach speaking at the 2019 SOHN Conference in New York on May 5, 2019.Adam Jeffery | CNBCDoubleLine Capital CEO Jeffrey Gundlach believes the Federal Reserve is missing the bigger picture again."The Fed looks like Mr. Magoo, driving around, bumping into things. Then became systematic, got inflation to come down," Gundlach said...
American Express CFO says spending picked up at year-end, thanks to millennials and Gen Z
Silas Stein | Picture Alliance | Getty ImagesAmerican Express' affluent cardholders got comfortable spending more freely again late last year, Chief Financial Officer Christophe Le Caillec told CNBC.Spending on AmEx cards jumped 8% year over year in the fourth quarter after slowing from a 7% growth rate early in the...