The New York Stock Exchange welcomes Zeekr Intelligent Technology Holding Limited in celebration of its initial public offering on May 10, 2024.BEIJING — Chinese electric car brand Zeekr announced new batteries on Tuesday, which it says boast the fastest charge in the world.The offering aims to address consumers' long-standing worries...
Category: Finance
The unemployment insurance program is unprepared for a recession, experts say
Job seekers attends the JobNewsUSA.com South Florida Job Fair on June 26, 2024 in Sunrise, Florida.Joe Raedle | Getty ImagesRenewed fears of a U.S. recession have put a spotlight on unemployment.However, the system that workers rely on to collect unemployment benefits is at risk of buckling — as it did...
Jamie Dimon says he still sees a recession on the horizon
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...
Morgan Stanley tells wealth advisors they can pitch bitcoin ETFs in a first for a big bank
Getty ImagesMorgan Stanley on Friday told its army of financial advisors that it will soon allow them to offer bitcoin ETFs to some clients, a first among major Wall Street banks, CNBC has learned.The firm's 15,000 or so financial advisors can solicit eligible clients to purchase shares of two exchange-traded...
Here’s everything you need to know about the Fed decision coming Wednesday
US Federal Reserve Chair Jerome Powell testifies before the Senate Banking, Housing, and Urban Affairs Hearings to examine the Semiannual Monetary Policy Report to Congress at Capitol Hill in Washington, DC, on July 9, 2024. Chris Kleponis | AFP | Getty ImagesThis week's Federal Reserve meeting is not much about the...