The U.S. is locked into a heated rivalry with China and a race to lead AI innovation.
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“Do I think he’ll cut rates? No chance,” Jones said during a wide-ranging CNBC “Squawk Box” interview.
Cox Automotive reports affordability remains a key concern for buyers, which is driving increased demand for older vehicles as well as all-electric vehicles.
The billionaire hedge fund manager said the market may still be in the middle innings of an AI-driven rally.
Shares of McDonald’s have fallen 10% over the last year, hurt by concerns about the broader economy.
Peloton CEO Peter Stern told CNBC that the company believes raising prices on its subscriptions was a value-driven move.
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“War in Iran resulted in recession-level industry decline in the U.S. as consumer confidence collapsed in late February and March,” the company said.
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