Economy
UK economy surprises with September contraction, grows just 0.1% in the third quarter
November 15 2024
The U.K. economy showed a surprise contraction in September and only marginal growth in the third quarter, initial figures showed Friday.
Wholesale prices rose 0.2% in October, in line with expectations
November 14 2024
The producer price index was expected to increase 0.2% in October, according to the Dow Jones consensus forecast.
Annual inflation rate hit 2.6% in October, meeting expectations
November 13 2024
The consumer price index was expected to increase 0.2% in October and show a 2.6% 12-month rate.
Powell and the Fed won't be able to avoid talking about Trump forever
November 08 2024
The Fed chair dodged question after question at his news conference Thursday about his thoughts on President-elect Donald Trump.
Former Treasury Secretary Mnuchin says Trump's top priorities will include tax cuts and tariffs
November 07 2024
Tax cuts are 'a signature part of his program,' Mnuchin said in a "Squawk Box" interview.
What Trump’s historic election victory means for the global economy
November 07 2024
The former president's litany of pledges include steep tariffs, tax cuts, deregulation and a push to withdraw from key global agreements.
The Fed is expected to cut interest rates again Thursday. Here's everything you need to know
November 07 2024
Markets are pricing in a near-certainty that the FOMC will lower its benchmark rate by a quarter percentage point.
Gender? Economy? Experts weigh in on which factor is most likely to flip the presidential race
November 05 2024
CNBC senior economics reporter Steve Liesman sat down with four polling experts for an in-depth look into the data to see which ones could turn the election.
Top Wall Street execs are getting skeptical on the Fed's easing path
November 04 2024
Speaking at the Saudi Arabia's showcase economic conference, the Future Investment Initiative, last week, they see more inflation on the horizon for the U.S.
Companies brace for Tuesday: Mentions of election surge on earnings conference calls
November 02 2024
More companies are talking publicly with investors about the presidential election than in recent cycles.
Jobless rate ticks higher in October for white Americans, bucking the broader trend
November 01 2024
The unemployment rate for white workers crept higher in October, running counter to the overall trend.
Here’s where the jobs are for October 2024 – in one chart
November 01 2024
The jobs report for October came in much weaker than expected, and employment growth across different industries painted a mixed picture for the U.S. economy.
U.S. economy added just 12,000 jobs in October, impacted by hurricanes, Boeing strike
November 01 2024
Nonfarm payrolls were expected to increase by 100,000 in October, according to the Dow Jones consensus estimate.
Friday's jobs report is expected to show the slowest pace of hiring in years
November 01 2024
Economists expect the Bureau of Labor Statistics to report that payrolls expanded by just 100,000 on the month.
Key inflation rate hits 2.1% in September, as expected, closing in on Fed target
October 31 2024
The personal consumption expenditures price index was expected to increase 0.2% in September and 2.1% from a year ago.
Euro zone inflation rises to higher-than-expected 2%, weakening case for jumbo rate cut
October 31 2024
The fresh inflation print is seen as crucial in judging whether the European Central Bank could consider a half-percentage-point interest rate cut.
Sovereign debt is the biggest risk to global growth in 2025, Saudi finance minister says
October 31 2024
Global public debt hit a record $97 trillion in 2023, prompting the UN to call for urgent reforms for governments and financial systems around the world.
Ray Dalio concerned about America postelection: 'Both candidates worry me'
October 30 2024
Dalio, the founder of investment firm Bridgewater Associates, spoke at the Future Investment Initiative conference in Saudi Arabia on Wednesday.
Germany's inflation surges to 2.4% as it narrowly skirts a technical recession
October 30 2024
Germany's inflation surged to 2.4% in October, back above the European Central Bank's 2% target, even as the country narrowly avoided a technical recession in the third quarter.
U.S. economy grew at a 2.8% pace in the third quarter, less than expected
October 30 2024
Gross domestic product was expected to increase at a 3.1% annualized pace in the third quarter.
Private job creation totaled a stunning 233,000 in October, far more than expected, ADP says
October 30 2024
ADP said it was the best month for job creation since July 2023.
Euro zone growth hits two-year high of 0.4%, beating expectations
October 30 2024
Economists polled by Reuters expected 0.2% growth following the bloc's 0.3% expansion in the second quarter.
Consumer confidence surges as election nears, while job openings move lower
October 29 2024
Consumers grew more optimistic heading into the contentious presidential election even as job openings hit multiyear lows.
Vista's Robert Smith: How to prevent AI from further widening the racial wealth gap
October 29 2024
. If current trends hold, the new wealth created by generative AI alone will increase the racial wealth gap by $43 billion annually, according to McKinsey.
Foreign investors flock to flagship Saudi economic conference — but face less free-flowing cash
October 28 2024
Thousands of financiers, founders and investors are set to descend on the Saudi capital of Riyadh for the eighth edition of the kingdom's Future Investment Initiative.
German finance minister warns of retaliation if U.S. kicks off trade war
October 25 2024
German Finance Minister Christian Lindner on Friday warned that if the U.S. kicked off a trade war with the European Union, there could be retaliation.
Russia's central bank raises key rate to 21% to rein in higher-than-forecast inflation
October 25 2024
Russia's central bank on Friday raised its key interest rate by 200 basis points to 21%, citing higher-than-forecast consumer price increases.
China schedules meeting expected to reveal fiscal stimulus details
October 25 2024
Investors have been awaiting the gathering of the standing committee of the National People's Congress, watchful for details on any fiscal stimulus.
Global public debt will hit $100 trillion by year-end, says IMF
October 23 2024
The IMF warned of the risks posed by unsustainable public debt levels.
U.S., China trade tariffs escalating would be 'costly for everybody,' IMF deputy director says
October 23 2024
An escalation of tensions around trade and tariffs would have economic consequences around the world, Gita Gopinath, deputy managing director of the IMF, said.