As Americans across incomes look to trim the grocery budget, Aldi plans to open more than 180 stores in the U.S. this year — including on the traditional turf of rival supermarkets and big-box stores. The German grocer’s latest growth plans follow an already aggressive expansion over the past decade. Aldi, which is known for…
Consumers are still dining out, but instead of higher-priced entrees, many are ordering more appetizers. As food inflation and affordability dominates the conversation about the U.S. consumer, new restaurant purchasing data shows even among Americans who are going to restaurants, many are in the mindset of cutting back. “Appetizer orders are up 20% year over…
Bank executives were sent scrambling over the weekend after President Donald Trump declared late Friday that American credit card companies would be subject to a 10% cap on the interest rate they can charge customers. The move sent shares of large banks including Citigroup, JPMorgan Chase, Wells Fargo and Bank of America down between 1%…
A staff member prepares for the arrival of Chinese Vice Premier Ding Xuexiang and EU Executive Vice-President for a Clean, Just and Competitive Transition, Teresa Ribera during China-EU Sixth High Level Environment and Climate Dialogue (HECD) at the Diaoyutai State Guest House in Beijing on July 14, 2025. Wang Zhao | Afp | Getty Images…
As Wall Street’s top bankers huddled in New York last month, preparing to convince Elon Musk’s SpaceX that they should be chosen to lead its upcoming IPO, one firm wasn’t letting its star advisor miss the bake-off. Among the squad of JPMorgan Chase investment bankers flying 2,500 miles west to California to pitch SpaceX was…
A job seeker speaks with a recruiter at the KeySource booth at the Mega JobNewsUSA South Florida Job Fair held in the Amerant Bank Arena in Sunrise, Florida, on April 30, 2025. Joe Raedle | Getty Images Nonfarm payrolls grew slightly more than expected in November but slumped in October while unemployment hit its highest…
A Delta Air Lines Boeing 767-332(ER). Joan Valls | Nurphoto | Getty Images Delta Air Lines‘ earnings could jump more than 20% this year from 2025 thanks to robust travel demand, particularly at the high end of the market, and potentially reach a record, CEO Ed Bastian said. Delta on Tuesday forecast adjusted earnings per…
National Economic Council Director Kevin Hassett, one of the finalists for the Federal Reserve chair job, showed support Tuesday for central bank independence. With President Donald Trump apparently in the final days of picking a successor to Jerome Powell at the Fed, Hassett declined in a CNBC interview to directly address his own candidacy but…
JPMorgan Chase on Tuesday posted fourth-quarter results that topped expectations on better-than-expected revenue from the bank’s trading operations. Here’s what the company reported: Adjusted earnings: $5.23 per share vs. $5 consensus estimate from LSEG Revenue: $46.77 billion vs. $46.201 billion expected by LSEG The company said profit fell 7% to $13.03 billion, or $4.63 per…
[The stream is slated to start at 8:15 a.m. ET. CNBC Television will start the stream when the event begins. Please refresh the page if you do not see a player above.] Federal Reserve Governor Christopher Waller is slated to speak at at the Yale CEO Summit on Wednesday. Waller is one of the five…