It's been a week of records for the U.S. stock market — and for several stocks in the CNBC Investing Club's portfolio. The S & P 500 jumped to an all-time high of 6,187.68 Friday, while the tech-heavy Nasdaq Composite rose to a new record of 20,311.51. Both benchmark gauges...
Category: Finance
China doubles down on promoting yuan as confidence in U.S. dollar takes a beating
A bank employee count China’s renminbi (RMB) or yuan notes next to U.S. dollar notes at a Kasikornbank in Bangkok, Thailand, January 26, 2023.Athit Perawongmetha | ReutersChina is devising more ways for foreign institutions to use the yuan, as international confidence in the U.S. dollar falters.The moves aim at challenging...
Why electricity prices are surging for U.S. households
Kilito Chan | Moment | Getty ImagesElectricity prices are rising quickly for U.S. households, even as overall inflation has cooled.Electricity prices rose 4.5% in the past year, according to the consumer price index for May 2025 — nearly double the inflation rate for all goods and services.The U.S. Energy Information...
JPMorgan Chase unveils new Sapphire Reserve card perks and $795 annual fee
The Chase Sapphire Lounge at LaGuardia Airport, accessible only to Sapphire Reserve customers.Benji Stawski / CNBCJPMorgan Chase is betting that a long list of new perks will keep affluent Americans hooked on its Sapphire Reserve card, despite a hefty bump in its annual fee.The bank on Tuesday unveiled an update...
Why aren’t Chinese consumers spending enough?
Customers look at clothes advertising discounts of 80% or 70% in a supermarket in Hangzhou, Zhejiang province, China, on June 9, 2025.Cfoto | Future Publishing | Getty ImagesBEIJING — China's consumer spending shows little sign of picking up soon, given uncertainty about future wealth, changing preferences and lack of a...