CNBC News

An aerial view of New Orleans can be seen from a drone above the Mississippi River on April 1, 2023 in New Orleans, La.  Ricky Carioti | The Washington Post | Getty Images President Joe Biden on Wednesday declared a federal emergency for a saltwater intrusion in the Mississippi River, […]

A recession is all but inevitable for the U.S. and investors should be playing defense in that kind of environment, according to the head of the TCW Group. “We are going to have a recession, because that’s the way the world works,” Katie Koch, CEO of the firm with $210 […]

Here are some of the tickers on my radar for Thursday, Sept. 28, taken directly from my reporter’s notebook: JPMorgan retail analyst Matt Boss sees lower to middle-class consumers facing horrendous headwinds.  Backdrop worsening: mortgage rates up, credit card debt up, wages not keeping pace, trade down in apparel. Unemployment […]

Speaker of the House Kevin McCarthy, R-Calif., talks with reporters about a possible government shutdown, border security, and other issues, outside his U.S. Capitol office on Tuesday, September 26, 2023. Tom Williams | Cq-roll Call, Inc. | Getty Images House Speaker Kevin McCarthy, R-Calif., on Thursday criticized a short-term government […]

The U.S. 10-year Treasury touched a new high on Thursday, as investors looked to key economic reports and concerns persisted over the outlook for monetary policy, particularly high interest rates. The yield on the benchmark 10-year note was little changed at 4.626% after earlier touching a fresh 15-year high of […]

GameStop said Thursday morning that billionaire activist investor Ryan Cohen would take over as the video game retailer’s chief executive, chairman and president effective immediately — and he won’t be collecting a salary. Shares of the company jumped nearly 8% in premarket trading following the announcement. GameStop’s board, with Cohen […]

GameStop Chairman Ryan Cohen. Source: CNBC GameStop said Thursday morning that billionaire activist investor Ryan Cohen would take over as the video game retailer’s chief executive. Shares of the company jumped nearly 10% in premarket trading following the announcement. GameStop was part of the meme stock craze of 2020 and […]

Executive Vice President and European Commissioner for Trade Valdis Dombrovskis. Pedro Pardo | Afp | Getty Images Non-Chinese brands of electric cars, such as Tesla and BMW, could be examined as part of an ongoing subsidy investigation on China that the European Union kicked off earlier this month. “There’s a […]

VinFast electric vehicles are parked before delivery to their first customers at a store in Los Angeles, March 1, 2023. Lisa Baertlein | Reuters Vietnamese electric vehicle maker VinFast‘s ambitious plan to deliver as many as 50,000 vehicles this year is “unrealistic,” according to one analyst. VinFast said it expects […]

The RN-Tuapsinsky refinery operated by Rosneft Oil Co. in Tuapse, Russia. Andrey Rudakov | Bloomberg | Getty Images Oil prices surged to their highest level in over a year during Asian trading hours, after crude stocks at a key storage hub fell to their lowest since July last year. Crude […]