International Monetary Fund (IMF) Managing Director Kristalina Georgieva speaks during the 2024 CNBC CEO Council Summit in Washington, D.C. on June 4, 2024. Shannon Finney | CNBC The Federal Reserve should wait to cut interest rates until “at least” the end of the year, according to the head of the International Monetary Fund. The U.S. … Read more
(NewsNation) — Americans are increasingly worried about making ends meet and even high earners are feeling the pinch, according to a new survey from the Federal Reserve Bank of Philadelphia. Overall, 35% of consumers said they are concerned about making ends meet in the next six months, up from 29% a year ago. Over the … Read more
U.S. President Joe Biden delivers remarks alongside Treasury Secretary Janet Yellen and Commerce Secretary Gina Raimondo during a Cabinet Meeting at the White House on June 06, 2023 in Washington, DC. Kevin Dietsch | Getty Images President Joe Biden’s Cabinet will wrap up a barnstorming tour Thursday after two weeks on the road, touting the … Read more
US President Joe Biden speaks during an event at the National Institutes of Health (NIH) in Bethesda, Maryland, US, on Thursday, Dec. 14 2023. Chris Kleponis | Bloomberg | Getty Images The Biden administration on Wednesday said it will impose inflation penalties on 64 prescription drugs for the third quarter of this year, lowering costs … Read more
A Trader works on the floor of the New York Stock Exchange in New York City, June 24, 2024. Brendan McDermid | Reuters LONDON — European stocks were higher Wednesday, reversing negative sentiment seen in the previous trading session. Major European bourses were in green territory, with the pan-European Stoxx 600 last 0.56% higher at … Read more
Joseph Stiglitz Cameron Costa | CNBC Sixteen Nobel Prize-winning economists signed a joint letter Tuesday warning of what they see as economic risks if former President Donald Trump were to serve a second term, including reheated inflation. “While each of us has different views on the particulars of various economic policies, we all agree that … Read more
A maintenance worker sweeps the street in front of a row of new homes in Fairfax, Virginia, on August 22, 2023. Andrew Caballero-Reynolds | AFP | Getty Images Treasury Secretary Janet Yellen on Monday unveiled a new slate of financing initiatives to support housing development, including a $100 million fund specifically for affordable housing. The … Read more
LONDON — European stocks are expected to start the new trading week in mixed territory. The U.K.’s FTSE index is seen opening 23 points lower at 8,213, Germany’s DAX down 17 points at 18,160, France’s CAC 40 down 32 points at 7,602 and Italy’s FTSE MIB 69 points higher at 33,511, according to IG. European markets … Read more
Former U.S. President and Republican presidential candidate Donald Trump speaks during his campaign event, in Racine, Wisconsin, U.S. June 18, 2024. Brendan Mcdermid | Reuters Former President Donald Trump on Saturday gave a brief glimpse of the ammunition he is loading up against President Joe Biden’s handling of the economy ahead of the first presidential … Read more
Wall Street advanced during this holiday-shortened trading week, with the S & P 500 and Nasdaq both reaching new all-time highs in the first half of the week before pulling back some. The S & P 500 and Nasdaq were able to finish the week slightly higher. The Dow , which had recently come off … Read more
