BlackRock CEO Larry Fink said President Donald Trump’s efforts to unleash capital in the private sector could have unintended consequences that would hurt the stock market. “I’m cautiously optimistic. That being said, I have scenarios where it could be pretty bad,” Fink said Thursday on CNBC’s “Squawk Box” from the World Economic Forum in Davos, Switzerland. “I believe…
U.S. President Donald Trump meets China’s President Xi Jinping at the start of their bilateral meeting at the G20 summit in Osaka, Japan, on June 29, 2019. Kevin Lemarque | Reuters BEIJING — China is emphasizing its willingness to negotiate as increased tariffs on exports to the United States may soon become a reality. U.S….
An American Airlines Boeing 787-8 Dreamliner departs from Los Angeles International Airport en route to Tokyo on September 19, 2024 in Los Angeles, California. Kevin Carter | Getty Images American Airlines reported a jump in fourth-quarter profits with results coming in ahead of analysts’ expectations, though its first-quarter outlook fell short of estimates. The carrier…
Omar Marques | Lightrocket | Getty Images Britain’s competition regulator on Thursday launched an investigation into Apple and Google’s huge mobile ecosystems to determine whether the tech titans are in breach of the U.K.’s strict new digital competition rules. The U.K. Competition and Markets Authority said it was opening dual probes into both U.S. tech…
James Breyer, founder and CEO of Breyer Capital at the 2018 WEF in Davos, Switzerland. Adam Galica | CNBC Venture capitalist and early Facebook investor Jim Breyer said Wednesday that Meta CEO Mark Zuckerberg has been reenergized by the company’s recent push into artificial intelligence. “Post election I’ve traded many messages and spoken to him,”…
CNBC’s Jim Cramer on Wednesday told investors there will be a shift in Wall Street’s focus, from the actions of the Federal Reserve to those of President Donald Trump. “We’re now looking at the changing of the guard from Powell to Trump,” he said. “It won’t be easy, as one’s a pretty predictable guy and…
The Seoul skyline. Mongkol Chuewong | Moment | Getty Images South Korea’s fourth-quarter GDP missed estimates Thursday, with weakness in consumption and the construction sector driving growth to a six-quarter low of 1.2%, year on year. Advance figures missed the 1.4% expansion expected by economists polled by Reuters, and the growth was also softer compared…
Christopher Young, executive vice president of business development at Microsoft Corp., speaks during the GeekWire Summit in Seattle, Washington, U.S., on Tuesday, Oct. 5, 2021. The GeekWire Summit brings together business, tech and community leaders for discussions about the future. David Ryder | Bloomberg | Getty Images Microsoft‘s head of business development Chris Young, who…
The stage is set for the first 2024 presidential debate between U.S. President Joe Biden and former U.S. President Donald Trump, in Atlanta on June 26, 2024. John Nowak | CNN | Via Reuters Warner Bros. Discovery’s CNN plans to lay off hundreds of employees Thursday as it refocuses the business around a global digital…
Greg Hinsdale | The Image Bank | Getty Images Inheriting an individual retirement account is a windfall for many investors. However, a lesser-known change for 2025 could trigger a costly surprise penalty, financial experts say. Starting in 2025, certain heirs with inherited IRAs must take yearly required withdrawals while emptying accounts over 10 years, known…
