JPMorgan Chase CEO Jamie Dimon said Wednesday he still believes that the odds of a “soft landing” for the U.S. economy are around 35% to 40%, making recession the most likely scenario in his mind. When CNBC’s Leslie Picker asked Dimon if he had changed his view from February that markets were too optimistic on recession risks, he said…
People cool off themselves with water sprays besides the Eiffel Tower in Paris on July 29, 2024, during the Paris 2024 Olympic Games. Luis Tato | Afp | Getty Images Cast out of the Olympic Games as a pariah due to its ongoing war in Ukraine, Russia appears to be hell-bent on hating on the international sporting tournament in…
Disney reported its fiscal third-quarter earnings Wednesday, topping analyst estimates as its combined streaming businesses turned a profit earlier than expected. Here is what Disney reported compared with what Wall Street expected, according to LSEG: Earnings per share: $1.39 adjusted vs. $1.19 expected Revenue: $23.16 billion vs. $23.07 billion expected The company’s total segment operating income increased 19% to…
U.S. Vice President and Democratic presidential candidate Kamala Harris holds a campaign rally with her newly chosen vice presidential running mate Minnesota Governor Tim Walz in Philadelphia, Pennsylvania, U.S., August 6, 2024. Elizabeth Frantz | Reuters Vice President Kamala Harris and Minnesota Gov. Tim Walz, her newly minted running mate, made their first public appearance together at a a…
Airbnb CEO and co-founder Brian Chesky speaks at The Fast Company Innovation Festival on September 21, 2022, in New York. Eugene Gologursky | Getty Images Entertainment | Getty Images Airbnb shares dropped 14% in after-hours trading after the company reported second-quarter earnings that missed analyst expectations and warned that it’s seeing signs of slowing demand from U.S. customers. Here’s…
The atmosphere at the Disney Bundle Celebrating National Streaming Day at The Row in Los Angeles on May 19, 2022. Presley Ann | Getty Images Entertainment | Getty Images Disney is raising prices on its streaming platforms. Starting mid-October, most plans for Disney+, Hulu and ESPN+ will cost $1 to $2 more per month, according to a press release…
Treasury yields bounced back on Tuesday as investors closely monitored a reversal of the previous day’s global market sell-off. The yield on the benchmark 10-year Treasury note traded around 11 basis points higher at 3.889% at 3:44 p.m. ET. It comes after the yield on the 10-year Treasury note on Monday fell to its lowest level since June 2023….
Mary Daly, president of the Federal Reserve Bank of San Francisco, during the National Association of Business Economics (NABE) economic policy conference in Washington, DC, US, on Friday, Feb. 16, 2024. Graeme Sloan | Bloomberg | Getty Images San Francisco Federal Reserve President Mary Daly on Monday said she expects that interest rates will be cut later this year…
A view of storage tanks and pipelines at the Shell Carson Distribution Complex, a distribution hub for petroleum products, in Carson, California, on March 11, 2022. Bing Guan | Reuters U.S. crude oil futures fell to a six-month low on Monday as equity markets sold off on fears the economy might be teetering on the brink of a recession….
(This is CNBC Pro’s live coverage of Monday’s Wall Street chatter as global markets sell off.) Stock markets around the world are selling off to start the week, as investors fear the U.S. could be headed into a recession amid a spate of softening economic data. Japan’s Nikkei 225 had its biggest one-day drop since 1987 overnight, losing 12.4%…
