An hour ago CNBC Pro: Artificial intelligence is ‘Game of Thrones,’ but these Chinese tech giants offer ‘great value,’ says tech veteran According to veteran analyst Dan Ives, China’s tech giants may be struggling with regulatory restrictions, but they still have “great value.” The managing director and senior equity research analyst at Wedbush Securities has …
A new report shows that as inflation and higher interest rates take a financial toll, fewer Americans will be dipping into their emergency funds this year. Most financial professionals recommend setting aside at least six months of expenses, or more if you are the sole breadwinner or run your own business. Americans are finding it …
Leon Cooperman. Rick Wilking/Reuters Leon Cooperman warned of persistent inflation, higher interest rates and a potential recession. In an interview with Insider, the billionaire investor blamed senseless fiscal and monetary policy. Cooperman called on the US authorities to sort out their actions before they plunge the country into crisis. Short-sighted officials paved the way for …
Atlanta Federal Reserve President Raphael Bostic said Friday that he does not anticipate cutting interest rates earlier than 2024. “We’re going to have to be cautious, we’re going to have to be patient, but we’re also going to have to be decisive,” he told CNBC. Atlanta Federal Reserve President Raphael Bostic said Friday that he …
High inflation not only leaves you with less money in your wallet and struggles to pay your bills. It also imposes long-term costs on society and the economy by forcing consumers to invest less, negotiate wages more often and spend time and energy coping with rapidly rising prices, according to a new paper from the …