Boris Roessler | Picture Alliance | Getty Images The majority of economists surveyed by the World Economic Forum expect the global economy to weaken this year, saying that geopolitical fragmentation around the world will deepen. “Global economic prospects remain subdued and fraught with uncertainty,” WEF’s report, published Monday, said. “While there are positive developments, such … Read more
The U.S. Treasury building in Washington, D.C., on Aug. 15, 2023. Nathan Howard | Bloomberg | Getty Images The U.S. government ran up another half a trillion dollars in red ink in the first quarter of its fiscal year, the Treasury Department reported Thursday. For the period from October 2023 through December 2023, the budget … Read more
The 10-year U.S. Treasury yield rose above 4.06% Thursday after the latest inflation reading came in hotter than expected, pushing expectations for an interest rate cut from the Federal Reserve further out. The yield on the 10-year Treasury note rose more than 3 basis points at 4.062%. It has been hovering around the 4% mark … Read more
The U.S., China and India may take turns leading the global economy this century, according to an analysis from the Centre for Economics and Business Research. The CEBR forecast suggests China could potentially take the top spot as the world’s largest economy by gross domestic product as early as 2037. The forecast also sees potentially strong … Read more
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, in West Columbia, South Carolina, July 6, 2023. Jonathan Ernst | Reuters The White House took aim at former President Donald Trump after the Republican presidential candidate frontrunner said he hoped … Read more
Traders work on the floor of the New York Stock Exchange. NYSE Stock markets have entered a new phase that will involve a broadening of last year’s bull market as big U.S. tech stocks come under pressure, according to the CIO of a Swiss private bank. Charles-Henry Monchau, chief investment officer at Bank Syz, told … Read more
Used cars for sale at Lee Auto Mall on Wednesday, August 16, 2023. (Staff photo by Brianna Soukup/Portland Press Herald via Getty Images) Brianna Soukup | Portland Press Herald | Getty Images DETROIT – Used vehicle prices are expected to stabilize this year, after buyers of pre-owned cars and trucks got more relief in 2023 … Read more
A screen displays the Dow Jones Industrial Average after the closing bell on the floor at the New York Stock Exchange on Dec. 13, 2023. Brendan Mcdermid | Reuters The global economy is moving into a new “super cycle,” with artificial intelligence and decarbonization being driving factors, according to Peter Oppenheimer, the head of macro … Read more
A ‘now hiring’ sign is displayed in a retail store in Manhattan on January 05, 2024 in New York City. Spencer Platt | Getty Images This report is from today’s CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where … Read more
A ‘now hiring’ sign is displayed in a retail store in Manhattan on January 05, 2024 in New York City. Spencer Platt | Getty Images This report is from today’s CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where … Read more
