Ex-Fed chief Greenspan: This is the tightest labor market I’ve ever seen

Former Federal Reserve Chairman Alan Greenspan told CNBC on Thursday the United States currently has the tightest labor market he's ever seen. Greenspan, 92, suggested the nearly 50-year low unemployment rate coupled with American corporations clamoring for workers will force up wages and inflation. "Ultimately prices take hold," he said. "This is the tightest market,…

Cramer Remix: I’m calling out the Fed as lazy and irresponsible

CNBC's Jim Cramer argued on Wednesday that "mixed" economic data, coupled with more hawkish rhetoric from the Federal Reserve, were to blame for the stock market's volatile trading session. "Remember what's at stake here. We are now in the midst of earnings season, where we can piece together a mosaic of what's really going on…

China stocks plunge amid heavy selling in the energy sector and growing worries about the...

More than 637 billion shares worth 4.44 trillion yuan ($639.86 billion) were pledged for loans as of Oct. 12, according to Reuters' calculations based on data from the China Securities Depository and Clearing Co.(CSDC). Chinese stocks have fared worse than other stock markets in Asia this year, particularly in recent weeks as global equities bear…

Iran may benefit from international uproar over Khashoggi case as US-Saudi ties are tested

Earlier this year, Saudi Arabia, the world's largest oil producer, promised Trump that it would hike oil supplies to help offset supply losses from Tehran and ease prices. But if the U.S. punishes Riyadh, that could push the kingdom to withhold oil supplies and allow prices to spike — a move that may boost Iranian…

US is seeing ‘relentless rise in household wealth,’ Credit Suisse report says

Another prominent feature in this year's wealth report is the rise of China to second place in terms of world wealth rankings. "The main outcome of the new wealth valuations is confirmation of what many observers already suspected – that China is now clearly established in second place in the world wealth hierarchy," the report…

Uber reportedly raises $2 billion in debut junk bond sale ahead of blockbuster IPO

Anindito Mukherjee | Getty Images Dara Khosrowshahi, chief executive officer of Uber, looks on following a 2018 event in New Delhi, India. Uber has raised $2 billion in a junk bond sale, according to a report, as it gears up for its 2019 stock market debut. The ride-hailing firm raised $1.5 billion through the sale…

China may ‘ease up’ on sanctions against North Korea as the trade war drags...

As President Donald Trump continues to ramp up trade pressure on China, Beijing may be "less motivated to cooperate" with the U.S. over sanctions against North Korea, an expert told CNBC Wednesday. "China has been taking steps to relax its enforcement of sanctions even before the trade tensions with the United States flared up," according…

A crackdown in China is bad news for four Japanese stocks, expert says

Investors would do well to avoid stocks of popular Japanese cosmetics companies amid a crackdown on Chinese visitors to Japan who would buy beauty products in bulk and re-sell them back home, according to one expert. Speaking to CNBC on Wednesday, Andrew Jackson, head of Japanese equities at SooChow CSSD Capital Markets (Asia), warned about…

Huge Facebook hack wasn’t conducted by a nation-state, investigation reportedly suggests

Facebook believes that the hackers who gained access to private information of some 30 million users on the site were spammers looking to make money through deceptive advertising, the Wall Street Journal reported on Wednesday. The findings so far suggested that the hackers were not affiliated with a nation-state, the Journal said, citing sources familiar…

Stocks making the biggest moves after hours: Constellation Brands, Alcoa and more

Check out the companies making headlines after the bell: Helios and Matheson Analytics, MoviePass' parent company, stock fell as much as 4 percent during after-hours trading on Wednesday. New York Attorney General Barbara Underwood has opened an investigation into the company for possibly misleading investors about its financials, a source told CNBC. Constellation Brands stock…

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