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Affluent consumers are creating a ‘bubble’ at Walmart, warns retailer’s former U.S. CEO Bill Simon

Walmart may just be a pit stop for high-income consumers.

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The Dow's road to 40,000 in one chart

The move comes as investors cheer the prospects of AI boosting corporate profits and the Federal Reserve possibly cutting rates later this year.

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Stocks making biggest moves premarket: Under Armour, Walmart, AMC, GameStop, Canada Goose and more

These are some of the stocks posting the largest moves in premarket trading.

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Warren Buffett’s Berkshire Hathaway reveals insurer Chubb as confidential stock it’s been buying

His conglomerate Berkshire Hathaway has acquired nearly 26 million shares of Chubb for a stake...

Tesla's Chinese rival Nio launches a new brand and car that undercuts the Model Y by $4,000

Chinese electric car company Nio revealed Wednesday that the first car for its new, lower-priced brand,...

GameStop, AMC extend gains but broader meme stock rally shows signs of fizzling

The meme stock trading frenzy showed signs of divergence early on its third day, as GameStop and AMC saw smaller...

China's economy reveals pockets of softness. Here's what to watch ahead of Friday's data

As China's economy moves into the second quarter of the year, a few indicators are raising expectations for...

Fed Chair Powell says inflation has been higher than thought, expects rates to hold steady

Speaking to the Foreign Bankers' Association, the central bank leader noted that the rapid disinflation...

AMC completes $250 million stock sale during meme rally, shares jump 90%

On Monday, movie theater operator AMC sold 72.5 million shares in an at-the-market equity offering.

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Watch Fed Chair Jerome Powell speak live to bankers group in Amsterdam

Federal Reserve Chair Jerome Powell speaks Tuesday to the annual general meeting of the Foreign Bankers' Association in...

Fintech firm Klarna says 90% of its employees are using generative AI daily

"Buy now, pay later" firm Klarna says generative AI has seen substantially high adoption among its 5,000-strong...

Freetrade, Britain's answer to Robinhood, says its CEO is stepping down

British stockbrokerage platform Freetrade told CNBC exclusively Monday that its long-time CEO Adam Dodds has stepped down.
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GameStop shares jump 30% as trader 'Roaring Kitty' who drove meme craze posts again

GameStop shares rallied more than 21% in the premarket Monday after "Roaring Kitty" posted for the first time in...

‘I feel like I've been tricked’: Some property buyers in China’s Tianjin have been waiting 8 years for their homes

A group of around 1,500 homebuyers have yet to see the apartments they paid for...

This inflation-focused ETF may be in a sweet spot

Horizon Kinetics' James Davolos thinks his firm's inflation-focused ETF is "ideally positioned" for gains this year.

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Bronze bust honoring the late Charlie Munger wowed crowd in Omaha at Berkshire meeting

It took a total of 12 months and a number of iterations for Yu Shu to finish the final version of the Munger...

The rule capping credit card late fees at $8 is on hold — here’s what it means for you

The outcome preserves, at least for now, a key revenue stream for the U.S. card industry. The CFPB said the...

Jim Simons, billionaire quantitative investing pioneer who generated eye-popping returns, dies at 86

Jim Simons, a legendary mathematician who founded quantitative hedge fund Renaissance...

Sweetgreen shares soar 35% after company beats revenue expectations

Shares of the salad chain surged 35% Friday after the company beat Wall Street's forecast for first-quarter results.

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European companies in China are under pressure from slower growth, overcapacity

European companies are finding it harder to make money in China as growth slows and overcapacity pressures increase,...

Watch Governor Andrew Bailey speak after the Bank of England's rate decision

Bank of England Governor Andrew Bailey is speaking at a press conference following the U.K. central bank's latest...

CFPB rule to save Americans $10 billion a year in late fees faces possible last-minute freeze

The credit card regulation is part of President Joe Biden's broader election-year war against what he...

A rare hostile takeover bid in Europe's banking sector has shocked markets

Spanish bank BBVA caught markets by surprise after it announced a rare hostile takeover bid for domestic rival Banco...

Stocks making the biggest moves after hours: Airbnb, Robinhood, Arm Holdings, Equinix and more

These are the stocks posting the largest moves in extended trading.

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Robinhood climbs after reporting record earnings for first quarter

Shares of the brokerage firm rose after first-quarter results topped Wall Street expectations.

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