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That term isn't new nor is it meant to muddy any waters. Liberals are not leftists.
That’s exactly what leftists are. The left is liberal. The right is conservative.
Outside the US, "liberal" often means "libertarian", not leftist. The Liberals in the UK and in Australia are very pro-business. The leftist parties in both countries, and elsewhere, call themselves "Labor" not "Liberal".
In the US, "neo-liberals" often refers to people who wanted to install pro-business regimes in other countries, like Iraq...
Whenever you see reference to neoliberalism or someone mentions 'leftists' relative to 'liberals' it is in context with classical liberalism.
The wiki page is a pretty good jumping off point to understand some of the distinctions and discourse.
www.wikipedia.org/wiki/Classical_liberalism
No, the left is socialist, the center is liberal, the right is conservative