Companies are ready for a recession that never seems to come Earnings surprises are on pace for their best level since 2022 North America’s largest companies are on track to post their best quarterly earnings relative to expectations in at least two years, as they’ve...

Credit contracts as government bonds record net repayment Shadow banking credit shrinks in sign of risk prevention: JLL China’s credit in April shrank for the first time as government bond sales slowed, while loan expansion was worse than expected in a sign of weak...

China’s consumer inflation quickened in April, holding above zero for a third month, while industrial prices extended a long decline that highlights weak demand in the economy. The consumer price index rose 0.3% from a year earlier, the National Bureau of Statistics...

Startups and governments are testing everything from kamikaze satellites to robotic grappling arms. A satellite the size of a milk carton may show a way to prevent Earth’s neighborhood from turning into a junkyard. The Nimbus, scheduled to soar on an Elon Musk rocket...

Southern states see jump in share of very underwater homes A dozen states have at least 2,500 more than last year: ATTOM Roughly one in 37 homes are now considered seriously underwater in the US and that share is much higher across a swath of southern states,...

Young adults in their early 20s are turning to credit cards and loans to cover the higher cost of living. Millennials transitioning to adulthood after the Great Recession had it tough. But the finances of today’s early twentysomethings are even worse. Gen Z consumers...

Traders are punishing stocks for weaker-than-expected guidance Earnings growth is crucial as rate-cut uncertainty lingers Strong earnings beats from Corporate America may no longer be enough to keep the stock rally going. Profit outlooks are becoming more important....

The latest estimates of overall pandemic excess savings remaining in the U.S. economy have turned negative, suggesting that American households fully spent their pandemic-era savings as of March 2024. However, consumer spending has remained strong in recent months,...

Mortgage rates rose for the fifth week in a row, as the Federal Reserve holds interest rates steady. The 30-year fixed-rate mortgage rose and averaged 7.22% as of May 2, according to data released by Freddie Mac on Thursday.  That’s up 5 basis points from the previous...

Google is laying off at least 200 employees from its “Core” organization, which includes key teams and engineering talent, CNBC has learned. As part of the unit’s reorganization, the company will hire corresponding roles in Mexico and India. “Announcements of this...

2024 sees slowest first four months of hiring in since 2016 AI cited for 800 job cuts in April, highest since May 2023 US companies pared back hiring plans in April, with employers announcing the fewest new hires in the first four months of the year since 2016,...

Industry boosters say they’ve learned their lessons from the last crash, but regulators need to move faster to protect a new wave of mainstream investors from the same old story. After more than a year, the freeze of a deep crypto winter has thawed. Bitcoin prices...

More retailers are closing brick-and-mortar stores across the United States, with brands including Walmart and Dollar Tree citing unsustainable business models. Some 1,290 stores have either closed or are earmarked for closure in 2024. As many as 169 stores shut in...