Top Citi strategist says healthier economic growth is coming

Top Citi strategist says healthier economic growth is coming

Jim Dyson | Getty Images News | Getty Images The global economy does not need a “collapse” in order to bring inflation back to target and return to sustainable growth, according to Steven Wieting, chief investment strategist and chief economist at Citi Global Wealth. Major economies have proven surprisingly resilient to sharp interest rate increases … Read more

Making way for the bull market?

Making way for the bull market?

Visitors around the Charging Bull statue near the New York Stock Exchange on June 29, 2023. Victor J. Blue | Bloomberg | 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. … Read more

Germany the ‘tired man’ of Europe, finance minister admits

Germany the ‘tired man’ of Europe, finance minister admits

BERLIN, GERMANY – NOVEMBER 15: German Finance Minister Christian Lindner gives a statement to the media at the Chancellery following the weekly government cabinet meeting on November 15, 2023 in Berlin, Germany. The topic was a ruling by the German Constitutional Court declaring that the coalition government’s shift of federal money in 2021 originally earmarked … Read more

Davos leaders see a new normal in 2024

Davos leaders see a new normal in 2024

President of the European Central Bank (ECB) Christine Lagarde attends a session on the closing day of the World Economic Forum (WEF) annual meeting in Davos, on January 19, 2024.  Fabrice Coffrini | Afp | Getty Images European Central Bank President Christine Lagarde said she does not expect a return to economic “normality” in 2024, … Read more

Weekly jobless claims post lowest reading since September 2022

Weekly jobless claims post lowest reading since September 2022

A networking and hiring event for professionals of color in Minneapolis, MN.  Michael Siluk | Getty Images The labor market continued to show surprising resiliency in the early days of 2024, with initial jobless claims posting an unexpected drop last week. Initial filings for unemployment insurance totaled 187,000 for the week ended Jan. 13, the … Read more

White House eager to take credit for retail sales bounce

White House eager to take credit for retail sales bounce

U.S. President Joe Biden delivers remarks on the U.S. economy and his administration’s effort to revive American manufacturing, during his visit in Flex LTD, a factory that makes solar energy microinverters, in West Columbia, South Carolina, U.S. July 6, 2023.  Jonathan Ernst | Reuters The White House eagerly took credit Wednesday for December’s strong retail … Read more

10-year Treasury yield surges to five-week high above 4.11% after strong Dec. retail sales

10-year Treasury yield surges to five-week high above 4.11% after strong Dec. retail sales

Treasury yields rose Wednesday, with the 10-year yield hovering near 4.1% as investors focused on stronger-0than-expected December retail sales and the latest remarks from Federal Reserve members. The yield on the 10-year Treasury note was last up 3 basis points at 4.098%, after trading as high as 4.12%. The 2-year Treasury yield rose by around … Read more

January homebuilder sentiment improves, following mortgage rate drop

January homebuilder sentiment improves, following mortgage rate drop

A home is constructed at a housing development on June 21, 2023 in Lemont, Illinois. Scott Olson | Getty Images Homebuilder sentiment improved in January, jumping 7 points to 44 on the National Association of Home Builders monthly index. Anything below 50 is still considered negative, but the index has now moved 10 points higher … Read more

EU’s von der Leyen says Russia now ‘dependent’ on China

EU’s von der Leyen says Russia now ‘dependent’ on China

European Commission President Ursula von der Leyen looks on during a press conference. John Thys | Afp | Getty Images An increasingly isolated Russia is now dependent on China for both its military and economic ends, the European Commission’s president said Tuesday. Ursula von der Leyen said Russia was leaning more heavily on its eastern ally … Read more

China needs reforms to halt ‘significant’ growth declines: IMF chief

China needs reforms to halt ‘significant’ growth declines: IMF chief

Kristalina Georgieva, managing director of the International Monetary Fund, at a press conference at the IMF Headquarters on April 14, 2023. Kevin Dietsch | Getty Images News | Getty Images The head of the International Monetary Fund warned Monday that China needs structural reforms in order to avoid “a fairly significant decline in growth rates.” … Read more