US Federal Reserve Chairman Jerome Powell speaks at a press conference after the Monetary Policy Committee meeting in Washington, DC, on December 18, 2024. Andrew Caballero-Reynolds | AFP | Getty ImagesThe Federal Reserve gathers this week for the first time in the second presidential term of Donald Trump, who has already...
Year: 2025
Why this China-made BYD Shark pickup is drawing attention in the global truck market
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...
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...
CNN to lay off hundreds of employees as post-inauguration transformation begins, sources say
The stage is set for the first 2024 presidential debate between U.S. President Joe Biden and former U.S. President Donald Trump, in Atlanta on June 26, 2024.John Nowak | CNN | Via ReutersWarner Bros. Discovery's CNN plans to lay off hundreds of employees Thursday as it refocuses the business around...