News

China is tackling weak consumption with child care subsidies

Among the top five priorities China has laid out for boosting consumption is child care subsidies.

Wall Street analysts defend Capital One stock after Monday's selloff. Here's where we stand

KBW maintained its buy-equivalent rating on Capital One, calling Monday's market reaction to the report "overblown."

Retail investors ditch buy-the-dip mentality during the market correction

Retail outflows from U.S. equities rose to about $4 billion over the past two weeks, according to data from Barclays.

Texas has 'stronger brand than New York' as Wall Street looks south, Gov. Greg Abbott says

The Texas governor spoke to CNBC after Nasdaq announced it was opening a regional headquarters in Dallas.

Tesla's China rival Zeekr to roll out advanced driver assistance-system for free

Chinese electric car company Zeekr is releasing advanced driver-assistance capabilities to its local customers for free as competition heats up.

Slower economic growth is likely ahead with risk of a recession rising, according to the CNBC Fed Survey

The 32 survey respondents, who include fund managers, strategists and analysts, raised the probability of recession to 36% from 23% in January.

Wholesale egg prices have 'plunged,' analyst says — shoppers may soon see some relief

Prices in the wholesale egg market have fallen more than 40% since late February. It may take a few weeks for retail prices to catch up.

Buffett's Berkshire hikes stakes in five Japanese trading houses to almost 10% each

Berkshire Hathaway raised its holdings in five Japanese trading houses —  Itochu, Marubeni, Mitsubishi, Mitsui and Sumitomo.

Klarna, nearing IPO, plucks lucrative Walmart fintech partnership from rival Affirm

The deal with Walmart heightens the rivalry between Affirm and Klarna, two of the world's biggest BNPL players, just as Klarna is set to go public.

China’s retail sales strengthen at the start of the year, industrial output tops expectations

China's economic data for the first two months of the year showed a modest pickup as Beijing reiterated its plan to bolster domestic consumption.

Treasury Secretary Bessent says White House is heading off a 'guaranteed' financial crisis

Bessent believes market pullbacks are benign, and Trump's pro-business policies will boost the economy in the long run.

Goldman Sachs offers its newest option for downside protection in volatile markets

Goldman Sachs Asset Management launched its newest buffer exchange-traded fund this month.
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