Japan’s core inflation picked up slightly in March from a year earlier, but remained distant from the Bank of Japan’s ambitious 2% target in a sign of rising pressure on the central bank. Over the past year, policymakers have had to contend with a slowdown in global demand as the Sino-U.S. tariff war put a

Check out the companies making headlines after the bell: Shares of Intuitive Surgical plummeted more than 6 percent in extended trading Thursday following the release of the company’s disappointing first-quarter earnings. Intuitive Surgical posted earnings per share of $2.61, missing Refinitiv estimates of $2.70. Revenue was in line with estimates at $974 million. Pinterest shares

The revenue Robinhood gets from a controversial practice of selling customer trades to high frequency trading firms is skyrocketing, according to new research. The popular millennial stock-trading app brought in $69 million in order routing revenue in 2018, according to a new estimate from Alphacution Research, three times what the company brought in a year

The U.S. cannabis space is blooming. With 33 states now offering some form of legal medical or recreational marijuana, and pot companies expanding their footprints across the country, the cannabis “gold rush” is underway — and it won’t stop anytime soon, says Ben Kovler, founder, chairman and CEO of multistate operator Green Thumb Industries. “The

Some of China’s automobile industry watchers are putting their hopes on a new growth trend, driven by consumer demand for more intelligent cars. Electric-powered cars were a clear focus for start-ups and foreign auto giants alike at this week’s Shanghai Auto Show. For some in the industry, they say it will be the smartphone-like interface

Pete Buttigieg’s increasingly popular presidential runhas drawn the support of more than two dozen top Democratic fundraisers, including people who bundled big-dollar donations for Barack Obama and Hillary Clinton during their White House bids, according to a list CNBC obtained from campaign aides. The financiers on the roster range from former U.S. ambassadors to real

Check out the companies making headlines before the bell: Morgan Stanley — Morgan Stanley earned $1.33 per share for the first quarter on an adjusted basis, beating the consensus estimate of $1.17 a share. Revenue also beat forecasts. CEO James Gorman said the firm was able to deliver solid earnings despite a slow start to

Goldman Sachs Chief Executive David Solomon said Wednesday that the chances of the U.S. economy soon entering a recession are lower now than they were earlier this year. “I don’t see any data in any way, shape or form that leads me to believe that that chance is accelerating at the moment,” Solomon told CNBC’s

Early earnings returns from the first quarter are in, and there is a clear warning: higher wage costs, higher raw material costs, and higher transport costs are weighing on earnings. There’s good and bad news as we enter the heart of earnings season. Good news: companies continue to report earnings well above expectations. It’s the

The rally in global equities may have further to go as more money jumps back into the market, BlackRock CEO Larry Fink said Tuesday. “We have a risk of a melt-up, not a meltdown here. Despite where the markets are in equities, we have not seen money being put to work,” Fink, the head of

Major Saudi shopping mall developer Arabian Centres Company is launching an initial public offering that will be the kingdom’s biggest since 2014, when Saudi Arabia’s largest lender, National Commercial Bank, was listed. The IPO, which was approved by Saudi financial regulator, Capital Market Authority, is offering 95,000,000 shares on the Tadawul, the Saudi stock exchange.

The two presentations couldn’t have been more jarringly different. Last month, Apple launched its hotly awaited new TV service, Apple TV+. Notable celebrities took the stage, including Oprah Winfrey, Jennifer Aniston, Steven Spielberg, Reese Witherspoon and Steve Carrell. But the payoff was lacking. There were virtually no clips of actual show footage, leading to somewhat

Goldman Sachs is scheduled to report first-quarter earnings before the opening bell Monday. Here’s what Wall Street expects: Earnings: $4.89 a share, down 30% from a year ago, according to Refinitiv.Revenue: $8.9 billion, down 10% from a year earlier.Trading Revenue: Equities $1.81 billion; Fixed income $1.77 billion, according to FactSetInvesting Banking: $1.65 billion It’s only

North Korea‘s cyber capabilities and financial networks pose a threat to Southeast Asia’s growing, yet vulnerable, cryptocurrency sector, according to British defense and security think tank Royal United Services Institute. North Korea has been heavily sanctioned for years by the United Nations, the United States and other countries over its nuclear and missile ambitions. The

The House Banking Committee held a hearing on Wednesday to discuss the financial stability of the nation’s biggest banks. It requested the presence of the top CEOs to field questions on their finances. However, virtually no queries were posed on financial stability in a hearing that lasted possibly five hours or more. What emerged instead

The idea of a second Brexit referendum is very likely to be put before Britain’s parliament again although the government remains opposed to any new plebiscite, the British finance minister said on Friday. Philip Hammond said he hoped parliament would break the Brexit impasse by passing a deal by the end of June, potentially ending

The global economy is likely to pull out of a brief growth slump later this year — with a little help from the world’s central banks and from U.S. and Chinese trade negotiators. Global finance leaders gathered from the spring meetings of the International Monetary Fund and the World Bank agree that the global economy

During the IMF meetings in Washington this week, Finnish Central Bank Governor Olli Rehn told CNBC that how the economy evolves by June will be key in determining how “we proceed as regards to our monetary policy stance.” The European Central Bank releases updated macroeconomic projections every quarter. In March, the ECB slashed its growth

It’s now up to corporate America to reveal whether the U.S. economy simply hit a soft patch this winter, as many suspect, or is on the verge of falling into an even deeper rut. Earnings from a broad swath of industries, like financials, technology, transportation and consumer products roll out in the coming week as

Hedge fund manager David Einhorn is taking more digs at Tesla. “The wheels are falling off — literally,” Einhorn, founder and president of Greenlight Capital, said in an investor letter seen by CNBC. Einhorn’s public bet against Tesla added to the fund’s 11 percent gain in the first quarter. The 50-year-old investor slammed Tesla’s safety

The Federal Reserve won’t be cutting interest rates anytime soon and likely will wait until after the presidential election in 2020 before hiking again, according to Goldman Sachs’ updated forecast of the economy and monetary policy. As the Fed faces intense White House pressure to loosen policy, the lack of any imminent recession threat will

The President Donald Trump administration announced its plan this week to officially designate Iran’s military unit, the Islamic Revolutionary Guard Corps (IRGC), as a foreign terrorist organization (FTO), effective April 15. The unprecedented move garnered swift reaction from critics as well as the Iranian government, which subsequently labeled the U.S. a terrorism supporter and Centcom,

Check out the companies making headlines after the bell: Shares of Boeing ticked higher in extended trading Thursday on news that the aircraft-maker completed 96 flights testing performance of the 737 Max with updated software. The company is working to fix the aircraft’s MCAS flight control software and improve pilot training, according to Boeing CEO

History seems to be on the bull’s side. The first quarter’s record rally that gave stocks their best start to a year since 1998 could turn out also to be a good omen. According to BMO, every time the S&P 500 scored a gain of 10% or more in the first quarter of a year

Technology firms aren’t paying their fair share in taxes and it’s time to find a global approach to the problem, German Finance Minister Olaf Scholz told CNBC. “My biggest concern with the tech companies is that they tend to pay taxes nowhere,” Scholz told CNBC’s Annette Weisbach in an interview earlier this week. Google, Amazon,

Check out the companies making headlines after the bell: Shares of Bed Bath & Beyond initially jumped before reversing to trade 6% lower after hours Wednesday following the release of the retailer’s mixed fourth quarter earnings. Bed Bath & Beyond posted earnings per share of $1.20 on revenue of $3.31 billion. Wall Street projected earnings

Federal Reserve officials at their most recent meeting left room for the possibility of interest rate increases before the end of the year, should economic conditions improve, according to minutes from the session released Wednesday. The central bank’s Federal Open Market Committee voted unanimously to not raise its benchmark rate at the March 19-20 gathering,

Consumer inflation probably got a boost from rising gasoline prices in March, but it should not break out above the subdued pace that encouraged the Federal Reserve to keep interest rates on hold when it met last month. Both the consumer price index and minutes from that March meeting are scheduled to be released Wednesday.

Semiconductor stocks, up sharply this year on hopes for a China trade deal, could face their day of reckoning during earnings season. On Tuesday, chip stocks were being sold in a broader market decline, that saw some other tech names, like Apple and Facebook hold onto gains. The S&P technology sector closed at a record

Pinterest has already earned a recommendation from Wall Street and it’s not even listed on public exchanges yet. London-based U.S. equity brokerage firm Atlantic Equities on Tuesday initiated coverage on Pinterest with an overweight rating and a $23 year-end price target. This comes one day after the image-sharing social network set a price range of