Presidential debate Trump, Harris economy facts

Presidential debate Trump, Harris economy facts

Republican presidential nominee and former U.S. President Donald Trump speaks during a visit to Alro Steel manufacturing plant in Potterville, Michigan, U.S. August 29, 2024.  Brian Snyder | Reuters When Vice President Kamala Harris and former President Donald Trump take the debate stage in Philadelphia on Tuesday night, expect them to arrive with a stockpile … Read more

Markets aren’t a good barometer for the economy

Markets aren’t a good barometer for the economy

A trader works on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., September 4, 2024. Brendan Mcdermid | Reuters 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 … Read more

Yellen says U.S. economy remains solid, heading toward ‘soft landing’

Yellen says U.S. economy remains solid, heading toward ‘soft landing’

U.S. Secretary of the Treasury Janet Yellen speaks listens to a presentation during a tour at the IRS Processing Facility on September 06, 2024 in Austin, Texas.  Brandon Bell | Getty Images Treasury Secretary Janet Yellen sought to reassure the public on Saturday that the U.S. economy remains strong, despite a string of weak job … Read more

EU economy survived ‘terrible prophecies’, now faces trade with China: EU’s Gentiloni

EU economy survived ‘terrible prophecies’, now faces trade with China: EU’s Gentiloni

The European Union has successfully avoided the “terrible prophecies” that threatened its economy in recent years, but must still contend with Russia’s war in Ukraine and a tenuous trade relationship with China, outgoing European Commissioner for Economy Paolo Gentiloni said Saturday. The bloc’s economy underwent “overall a weak growth, but nothing of the terrible prophecies … Read more

U.S. jobs report, Volvo Cars, A350 inspections

U.S. jobs report, Volvo Cars, A350 inspections

LONDON — European stocks closed lower Friday afternoon, paring earlier gains after a weaker than expected U.S. jobs report clouded global sentiment. The pan-European Stoxx 600 closed down 1.15%, with all major bourses and almost all sectors ending in the red. Tech and mining stocks saw the biggest losses, shedding 2.39% and 2.41%, respectively. Health … Read more

The Fed won’t go for a 50 basis points jumbo rate cut

The Fed won’t go for a 50 basis points jumbo rate cut

U.S. Federal Reserve Chairman Jerome Powell holds a press conference after the release of the Fed policy decision to leave interest rates unchanged, at the Federal Reserve in Washington, U.S, September 20, 2023. REUTERS/Evelyn Hockstein Evelyn Hockstein | Reuters As investors await the upcoming rate decision by the U.S. Federal Reserve this month, Carl Weinberg … Read more

Stocks had a record-breaking rally. What’s next?

Stocks had a record-breaking rally. What’s next?

This report is from this week’s CNBC’s “Inside India” newsletter which brings you timely, insightful news and market commentary on the emerging powerhouse and the big businesses behind its meteoric rise. Like what you see? You can subscribe here. The big story Indian stocks reached dizzying heights this week with a record-breaking 14-day rally. Equities also … Read more

Rate cuts need to start before inflation’s 2%

Rate cuts need to start before inflation’s 2%

A ‘Now Hiring’ sign posted on the window of a business looking to hire workers on May 05, 2023 in Miami, Florida.  Joe Raedle | Getty Images News | 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 … Read more

Saudi Arabia’s fiscal breakeven oil price is rising fast

Saudi Arabia’s fiscal breakeven oil price is rising fast

An offshore drilling platform stands in shallow waters at the Manifa offshore oilfield, operated by Saudi Aramco, in Manifa, Saudi Arabia, on Wednesday, Oct. 3, 2018. Simon Dawson | Bloomberg | Getty Images Saudi Arabia has a superpower. Not only is it the largest exporter of crude oil in the world; its production costs for … Read more

Can’t wait until 2% to start cutting rates

Can’t wait until 2% to start cutting rates

A “Now Hiring” sign is displayed on a storefront in Adams Morgan Neighborhood on October 07, 2022 in Washington, DC. Anna Moneymaker | Getty Images News | 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, … Read more