May’s astounding jobs report has something for both the Federal Reserve and the economy.Story Published at: June 05, 2023 at 12:45AM
CNBC Daily Open: The Goldilocks effect
This couple bootstrapped their way to a multimillion-dollar business. Here are their top tips for success
Launched 5 years ago with $220,000, Coco & Eve’s co-founders said they are “well on the way” to $100 million in annual revenue. Story Published at: June 02, 2023 at 03:00AM
Firms are bringing production back home because of the Ukraine war, China’s slowdown — and TikTok
The “reshoring” trend is set to upend supply chains as firms look to source products closer to home, turning away from manufacturing powerhouses like China.Story Published at: June 01, 2023 at 06:54AM
Saudi energy minister defends voluntary oil cuts as precautionary
The OPEC+ producers’ alliance on Sunday agreed to stick to its production targets for 2023 and introduced limits for next year.Story Published at: June 04, 2023 at 09:10PM
OPEC+ sticks to 2023 oil production targets as Saudi Arabia announces further voluntary cuts
OPEC+ ministers met on Sunday to agree further oil production policy steps amid depressed oil prices.Story Published at: June 04, 2023 at 06:06PM
Cramer: This is my game plan for the week ahead after Friday’s surprise rally
We are going to have to take more things off the table if we get a rally into an overbought setting.Story Published at: June 04, 2023 at 04:49PM
Microsoft signs deal for A.I. computing power with Nvidia-backed CoreWeave that could be worth billions
Microsoft is seeing so much demand for its cloud infrastructure for artificial intelligence workloads that it’s signing up a startup to help provide capacity.Story Published at: June 01, 2023 at 08:12PM
Biden says debt ceiling bill avoids catastrophic economic default
President Joe Biden on Friday discussed a bill to lift the debt ceiling, just days before the Treasury estimated the government would run out of money.Story Published at: June 03, 2023 at 12:29AM
Elon Musk and Twitter face growing brand safety concerns after execs depart
Several high-level Twitter employees tasked with brand safety have left, creating a potentially bigger problem when it comes to policing hate speech.Story Published at: June 02, 2023 at 11:47PM
Tech stocks close out first six-week rally since January 2020
The Nasdaq Composite rose 2% this week, boosted by a big rally in Tesla and an earnings from software maker MongoDBStory Published at: June 02, 2023 at 09:54PM