Treasury Secretary Scott Bessent speaking to CNBC on March 13th, 2025. CNBCTreasury Secretary Scott Bessent said Sunday the Trump administration is focused on preventing a financial crisis that could be the result of massive government spending over the past few years."What I could guarantee is we would have had a financial crisis....
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Microsoft is open to using natural gas to power AI data centers to keep up with demand
Microsoft CEO Satya Nadella speaks at a company event on artificial intelligence technologies in Jakarta, Indonesia, on April 30, 2024.Dimas Ardian | Bloomberg | Getty ImagesHOUSTON — Microsoft is open to deploying natural gas with carbon capture technology to power artificial intelligence data centers, the technology company's vice president of...
Consumer sentiment slumps in March to lowest since 2022 as Trump tariffs spark more inflation worries
Consumer sentiment took another hit in March as worries intensified over inflation and a slumping stock market, according to the University of Michigan's latest sentiment survey released Friday.The survey posted a mid-month reading of 57.9, which represents a 10.5% decline from February and was below the Dow Jones consensus estimate...
Delta Air Lines slashes earnings outlook on weaker U.S. demand, sending shares lower
Delta Air Lines planes are seen parked at Seattle-Tacoma International Airport on June 19, 2024 in Seattle, Washington.Kent Nishimura | Getty ImagesDelta Air Lines slashed its first-quarter revenue and profit outlooks, citing weaker domestic demand, backing up growing concerns about lackluster sales in some corners of the travel industry.Delta expects...
Passive investing movement gets its Hollywood moment
A new documentary titled "Tune Out The Noise" brings together some of the academic heavyweights whose work reshaped the financial industry and helped lower costs for all investors. The film, made by Academy Award-winning documentarian Errol Morris, chronicles the rise of academic finance in the middle of the twentieth century...