Workers at a restaurant at Grand Central Market in Los Angeles, California, US, on Thursday, Nov. 2, 2023. Eric Thayer | 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 … Read more
Commuters walking at Shibuya Crossing, Tokyo © Marco Bottigelli | Moment | Getty Images Japan averted a technical recession as revised official data on Monday showed the economy returned to growth in the the October-December period last year. Japan’s gross domestic product expanded 0.4% in the fourth quarter compared with a year earlier. Provisional data … Read more
The 10-year U.S. Treasury yield was near flat on Friday after the February jobs report showed solid employment growth but also an increase in the unemployment rate. The yield on the 10-year Treasury was less than 1 basis points lower at 4.085%. The 2-year Treasury yield was last down by about 3 basis point at … Read more
In his State of the Union address, President Joe Biden celebrated his administration’s progress in the fight against inflation. “Wages keep going up and inflation keeps coming down,” Biden said in the annual speech before Congress. To be sure, inflation has cooled while wages have ticked higher — but households are still struggling to keep up with the increased cost of living. More from Personal Finance:Why … Read more
California is home to some of the highest gas prices in the United States, according to AAA. The national average for a gallon of regular unleaded was $3.40 as of Thursday, according to the organization’s data. In California, the average was $4.87, more than any other state. Several factors go into what drivers pay for … Read more
Workers look on ahead of remarks by US President Joe Biden, not pictured, at an Amtrak facility in New Castle County, Delaware, on November 6, 2023. Andrew Caballero-Reynolds | 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 … Read more
A trader works, as a screen displays a news conference by Federal Reserve Board Chairman Jerome Powell following the Fed rate announcement, on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., January 31, 2024. Brendan McDermid | Reuters This report is from today’s CNBC Daily Open, our international markets … Read more
Yousef Gamal El-Din | CNBC Egypt’s pound hit a record low against the dollar on Wednesday after its central bank hiked interest rates by 600 points and devalued the currency. The steps were meant to facilitate an agreement with the International Monetary Fund, which is expected to confirm the extension of its current $3 billion … Read more
Federal Reserve Chairman Jerome Powell arrives to testify during the House Financial Services Committee hearing titled “The Federal Reserve’s Semi-Annual Monetary Policy Report,” in Rayburn Building on Wednesday, June 21, 2023. Tom Williams | CQ-Roll Call, Inc. | Getty Images Federal Reserve Chair Jerome Powell on Wednesday reiterated that he expects interest rates to start … Read more
China’s central bank governor said there was room to further cut banks’ reserve requirements, and pledged to utilize monetary policy to prop up consumer prices. Bloomberg | Bloomberg | Getty Images BEIJING — China’s central bank governor said there was room to further cut banks’ reserve requirements, and pledged to utilize monetary policy to “mildly” … Read more
