A bank employee count China’s renminbi (RMB) or yuan notes next to U.S. dollar notes at a Kasikornbank in Bangkok, Thailand, January 26, 2023. Athit Perawongmetha | Reuters BEIJING — The U.S. and China last week signed agreements for cooperating on financial stability, according to a People’s Bank of China readout Monday. The agreement was … Read more
Goldman Sachs has cut its probability forecast for a U.S. recession to 20% shortly after raising it, as fresh labor market data sparked a reassessment of market views on the economy. Economists at Goldman earlier this month raised their 12-month U.S. recession probability from 15% to 25% after the U.S. July jobs report of Aug. … Read more
Traders work the floor of the New York Stock Exchange on August 16, 2024. Angela Weiss | AFP | 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 … Read more
Traders work the floor of the New York Stock Exchange on August 16, 2024. Angela Weiss | AFP | 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 … Read more
For many, Singapore — the city that inspired “Crazy Rich Asians” — is synonymous with luxury, with everything from top-tier accommodations to high-end shopping and restaurants. For the ultimate stay, Marina Bay Sands has an exclusive, invitation-only Chairman Suite, while Capella Singapore on Sentosa Island is a tranquil escape, known for hosting high-level international meetings. … Read more
Austan Goolsbee speaking at Jackson Hole on Aug. 8, 2023. David A. Grogan | CNBC Chicago Federal Reserve President Austan Goolsbee on Sunday warned against misrepresenting the inflationary impacts of corporate price hikes and tariffs, which have become focal points of the Trump and Harris campaigns’ economic platforms. Goolsbee steered away from directly speaking on … Read more
When Kamala Harris chose Minnesota Governor Tim Walz, a former teacher, as her running mate, experts noted he could bring a revitalized policy focus on child care and early childhood. As governor, Walz expanded state child tax credits and built a paid family leave program. Walz also distributed funds to boost early child-care professional wages … Read more
It didn’t take long after Vice President Kamala Harris announced her plans to address corporate “price gouging” on Friday for Donald Trump to accuse her of proposing Soviet-style communism. In an apparent reference to Harris’ admittedly vague plan to forbid “price gouging” on food, the former president wrote on Truth Social, “Kamala will implement SOVIET … Read more
A tame inflation report this week gave hope to Democrats that their biggest electoral weakness may finally be in the rearview mirror after being stubbornly persistent since 2022. Even as inflation has been slowing since then, it’s still a big worry for voters, and in his bid to get reelected, former President Donald Trump has … Read more
A new analysis warns that Canada’s major cities are struggling to keep their transit systems running, and says public transit is heading for a “downward spiral” unless major new streams of operating revenue open up. In a report published in late May, Leading Mobility Canada said the $120-billion in expansions planned for those transit systems … Read more
