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Fed’s Powell puts focus on spreading benefits of a strong economy

Adam Jeffery | CNBC Jerome Powell, Chairman of the Federal Reserve, speaking at the New York Economic Club on Nov. 181128. Federal Reserve Chairman Jerome Powell said the U.S. economy looks strong, but the central bank is continuing to find ways to fight poverty. Speaking Tuesday in Mississippi, Powell said the central bank is looking…

Arthur Blank talks Super Bowl, economy and politics with CNBC

Ahead of the Super Bowl in Atlanta, CNBC sat down with Arthur Blank, owner of the hosting Atlanta Falcons. He is also a co-founder of Home Depot. Blank talked with CNBC about everything, including his experience hosting the Super Bowl, his effort to make concession prices fan-friendly at Mercedes-Benz Stadium in Atlanta and for whom…

Caterpillar says it’s seeing lower demand in China, a bad sign...

The company also issued a forward guidance range that fell short of Wall Street's earnings expectations on the lower end. It expects earnings per share for December 2019 in a range between $11.75 and $12.75 versus FactSet consensus expectations of $12.73. The stock fell more than 5.5 percent in premarket trading Monday. Dow Jones Industrial…

Bank of America CEO: US consumer is ‘very strong’ even as...

Bank of America Chairman and CEO Brian Moynihan told CNBC on Tuesday the American consumer remains confident despite headwinds in the United States and around the world. "We think the consumer is very strong right now," Moynihan said on "Squawk Box" from the World Economic Forum in Davos, Switzerland. "Very strong ending the year, fourth…

Shanghai’s ‘golden era’ is over as China struggles to keep its...

"In Shanghai, you also need a licence to run a business and many of the small vendors have been kicked out because they don't have a licence," she says. The couple are the face of the millions of small business owners the Chinese government says it wants to help with tax cuts and other incentives…

Brothel has to pay GST, withholding tax in cash economy case

According to a decision by the Administrative Appeals Tribunal, the workers were treated as neither employees nor contractors. That is, the brothel did not collect PAYG withholding tax, as is required with salary and wage earners, or demand they supply an ABN, as would need to be supplied for a contractor. "There is no evidence…

Companies from Apple to Ford are flashing warning signs about the...

Retailers are getting hit particularly hard on China-related news, even if the impact hasn't quiet hit their bottom line. Tiffany's shares fell 9.6 percent on Nov. 28 after the jeweler released disappointing third-quarter sales that were hurt by weaker spending from Chinese tourists in the U.S. and Hong Kong. The luxury jeweler's earnings were in…

ASX opens 2019 with sell-off as China’s economy slows

Resource stocks also fell, including BHP Group who closed 1.6 per cent lower at $33.68 despite trading firmly in the green during morning trade. Woodside Petroleum slid 2.7 per cent to $30.49, Rio Tinto closed 2.3 per cent lower at $76.65, Santos declined 3.7 per cent to $5.28 South32 closed at $3.27, down 2.4 per…

Airplane class wars have come to coach. Here is your guide...

U.S. airlines are following the lead of a product that international airlines have been offering for years. Premium economy class is often a separate cabin, in between business and economy. Passengers in these seats get an amenities kit, earlier boarding, lounge access, bigger entertainment monitors, better dining options. The seats are wider and offer significantly…

Here’s what research shows about immigration’s impact on an economy

Controlling immigration was one of U.S. President Donald Trump's primary arguments during the 2016 election, with him campaigning to limit entries into the U.S. and proposing building a wall along the U.S.-Mexico border. The political debate continues to rage today: Funding for Trump's proposed $5-billion border wall remains a matter of contention between lawmakers. According…
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