Finance

People inside the new Beijing Daxing International Airport during its first day of operation in Beijing on September 25, 2019. AFP | Getty Images The Hartsfield-Jackson Atlanta International Airport is about to get some serious competition. It’s held the title of the world’s busiest airport in terms of passenger traffic since 1998 — but China’s
0 Comments
A Chinese national flag flies in front of a building under construction in the central business district of Beijing, China. Giulia Marchi | Bloomberg | Getty Images BEIJING — China‘s economic numbers in the last few months have disappointed expectations but the worst is not over — analysts are expecting third quarter data to come
0 Comments
People walk past a Nike store in New York. Carlo Allegri | Reuters Check out the companies making headlines after the bell: Shares of Nike hit an all-time high, surging more than 5.5% during extended trade, following strong first-quarter earnings. CEO Mark Parker credited the earnings beat to product innovation and stronger e-commerce business. The footwear
0 Comments
The New York Federal Reserve will continue overnight repurchase operations through October as it seeks to quell market instability from earlier this week. Short-term rates in the “repo” market spiked overnight Monday amid a shortfall in funding stemming from a variety of factors. The Fed responded with a series of liquidity injections aimed at preventing
0 Comments
Investor Jim Chanos is betting against GrubHub, and said the food delivery company makes almost nothing per order. Chanos, a famous short seller and founder of Kynikos Associates, made the comments on CNBC’s “Halftime Report” Thursday from the Delivering Alpha conference, presented by CNBC and Institutional Investor. He predicted fees will come down, while employee
0 Comments
Michael Wirth, CEO of Chevron. Adam Jeffery | CNBC The attack against Saudi Arabia’s oil facilities is a wake-up call to dangers in the oil market, according to Chevron CEO Michael Wirth. “Perhaps the market had grown a little bit comfortable with risks that we never became comfortable with,” Wirth told CNBC’s “Closing Bell” Monday. “These
0 Comments