Attendees visit the Electronic Arts (EA) Inc. display at the E3 Expo in Los Angeles, California. Patrick Fallon | Bloomberg | Getty Images Shares of Electronic Arts fell more than 5% Friday morning after initial viewership numbers for a new release failed to reach previous highs. The video game company released season 2 of the
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President Donald Trump’s prospective Federal Reserve nominee sees an economy that is booming and thinks the central bank should not be a force standing in its way. Judy Shelton told CNBC that Friday’s strong jobs report is a good example of fiscal policy working, though she has expressed reservations about the Fed’s actions. The June
Judy Shelton, U.S. executive director for the European Bank for Reconstruction and Development, stands for a photograph. Andrew Harrer | Bloomberg | Getty Images In tapping Judy Shelton to become one of two Federal Reserve Board governors, President Donald Trump selected one of the minority of mainstream economists supportive of a return to the gold standard
CNBC’s Jim Cramer said Wednesday that investors should be buying, not selling, Canopy Growth stock following the firing of co-CEO Bruce Linton. Linton told CNBC earlier Wednesday that he was “terminated” from the Canadian pot company that he founded six years ago. Shares of Canopy — up about 50% year-to-date — were dropping about 4% in
Traders Gregory Rowe (R) and Peter Tuchman work on the floor of the New York Stock Exchange (NYSE) ahead of the closing bell, June 21, 2019 in New York City. Drew Angerer | Getty Images With the S&P 500 up more than 19% already this year, investors are scrambling to find the next big winners. According
The U.S. Federal Reserve building in Washington, D.C. Adam Jeffery | CNBC The market and the Federal Reserve are currently far apart when it comes to expectations of where rates are headed. Two candidates who President Donald Trump said he is going to nominate to the central bank could bring them closer together. In a
Tesla‘s better-than-expected delivery numbers may buy the electric auto maker time, but they’re not a quick fix for more fundamental issues, Roger McNamee told CNBC on Wednesday. “This quarter doesn’t solve anything, but it’s way better than what people were expecting,” said McNamee, a venture capitalist turned Silicon Valley critic. Tesla shattered Wall Street’s expectations
Omar Marques | LightRocket | Getty Images Bitcoin plunged Tuesday below $10,000, cratering from a 17-month high hit just four sessions ago. The world’s most widely traded cryptocurrency dropped to a low of about $9,676 on Tuesday, a roughly $3,800 drop from its highs on Wednesday, according to Coindesk. Bitcoin started its free fall on
Utah added nearly 50,000 jobs last year, spurring a housing boom in the Beehive State. George Frey | Bloomberg | Getty Images Housing is providing another in a line of troubling signs pointing to a substantial economic downturn. A Federal Reserve economist, in fact, says the current backdrop is similar to recent slumps, with several
White House trade adviser Peter Navarro listens to a news conference about a presidential executive order relating to military veterans outside of the West Wing of the White House in Washington, March 4, 2019. Leah Millis | Reuters U.S.-China trade talks may have restarted, but a potential deal is still a long way off, White