Homes under construction in Englewood Cliffs, New Jersey on Nov. 19th, 2024.Adam Jeffery | CNBCIf President-elect Donald Trump is going to push inflation back down to a more tolerable level, he will need help from housing costs, an area where federal policymakers have only a limited amount of influence.The...
The US Treasury building in Washington, DC, US, on Tuesday, Aug. 15, 2023.Nathan Howard | Bloomberg | Getty ImagesThe U.S. budget deficit swelled in November, putting fiscal 2025 already at a much faster pace than a year ago when the shortfall topped $1.8 trillion, the Treasury Department reported Wednesday.For...
Check out the companies making headlines in midday trading. Broadcom — Shares added 5% following a report from The Information that the semiconductor manufacturer was assisting Apple in creating an artificial intelligence chip. Shares of Apple traded less than 1% higher. C3.ai — The enterprise artificial intelligence software company...
Consumer prices rose at a faster annual pace in November, a reminder that inflation remains an issue both for households and policymakers.The consumer price index showed a 12-month inflation rate of 2.7% after increasing 0.3% on the month, the Bureau of Labor Statistics reported Wednesday. The annual rate was...
Check out the companies making headlines in premarket trading. Macy's — The department store chain tumbled 9% after it lowered its fiscal-year forecast. Macy's now sees adjusted earnings coming in between $2.25 to $2.50, while prior guidance adjusted for delivery expense had estimated a range between $2.34 to $2.69,...
A Macy's store decorated for the holidays in San Francisco, California, US, on Wednesday, Nov. 13, 2024. David Paul Morris | Bloomberg | Getty ImagesMacy's on Wednesday said it has wrapped up an investigation into an employee who intentionally hid about $151 million of delivery expenses on its accounting books...
These are the stocks posting the largest moves in extended trading.
A man shops at a Target store in Chicago on November 26, 2024.Kamil Krzaczynski | AFP | Getty ImagesA key economic report coming Wednesday is expected to show that progress has stalled in bringing down the inflation rate, though not so much that the Federal Reserve won't lower interest...
Larry Ellison, chairman and co-founder of Oracle Corp., speaks during the Oracle OpenWorld 2017 conference in San Francisco, California, U.S., on Sunday, Oct. 1, 2017.David Paul Morris | Bloomberg | Getty ImagesOracle shares dropped 8% on Tuesday and headed for their steepest drop in a year following the database...
Check out the companies making headlines in midday trading. Alphabet — The online search giant operator launched its latest quantum chip, called Willow. Alphabet said this marks a major breakthrough in the field of quantum computing, leading shares 4% higher. Quantum computing is considered as the next frontier for...