House Republican hardliners’ efforts to stonewall a budget deal ahead of a looming government shutdown could risk triggering automatic spending cuts later this spring that may put pressure on the U.S. economy’s already fraught recovery. The first funding deadline is Friday at midnight when several government agencies including agriculture, veterans affairs and transportation, are due … Read more
U.S. Treasury yields slipped Tuesday after a large drop in durable goods orders raised some questions about the stability of the economy. The moves were muted as investors awaited a key inflation report later in the week. At 8:36 a.m. ET, the yield on the 10-year Treasury yield was down by more than 2 basis … Read more
Job seekers attend a Veteran Employment and Resource Fair in Long Beach, California, US, on Tuesday, Jan. 9, 2024. The Department of Labor is scheduled to release initial jobless claims figures on January 11. Eric Thayer | Bloomberg | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily … Read more
CostFoto | Nurphoto | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? You can subscribe here. What you need to know today Nikkei extends rallyJapan’s Nikkei 225 … Read more
Jonathan Raa | Nurphoto | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? You can subscribe here. What you need to know today Markets positive Wall Street … Read more
View of Shanghai skyline from a container station. Yaorusheng | Moment | Getty Images China is still a critical trading partner for many countries across the world, and the often-used narrative of the superpower being delinked from the global economy is overdone, says the Manila-headquartered Asian Development Bank. “China’s still probably the number one trading … Read more
A trader works during the closing bell at the New York Stock Exchange (NYSE) on March 17, 2020 at Wall Street in New York City. Johannes Eisele | Afp | Getty Images Global markets hit record highs this week as the frenzy around artificial intelligence boosted risk sentiment and hopes of a return to economic … Read more
Total credit card debt in the U.S. has reached a record high â but people are putting less money toward paying it down. Americans collectively hold $1.13 trillion in credit card debt as of the end of December, according to the Federal Reserve Bank of New York’s latest Household Debt and Credit Report. On an … Read more
People shop at a retail store in Manhattan, New York City, on Jan. 5, 2024. Spencer Platt | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? … Read more
Even in the face of stubborn inflation, small business owners are striking a more positive tone. Optimism surrounding the economy is rising and the CNBC|SurveyMonkey Small Business Confidence Index reached its highest level since President Joe Biden took office, according to the latest quarterly data released on Thursday morning. Twenty-eight percent of small business owners … Read more
