Denver, Boulder poach more of Silicon Valley’s founders and billions

This story is part of CNBC’s quarterly Cities of Success series, which explores cities that have transformed into business hubs with an entrepreneurial spirit that has attracted capital, companies and employees. Most U.S. cities want a piece of the Silicon Valley action, and some have been getting more of it in recent years as California … Read more

China remains a crucial market for U.S. chipmakers amid rising tensions

US-China chip war graphic Wong Yu Liang | Moment | Getty Images China remains an essential market for most American chipmakers despite Washington’s efforts to restrict chip sales to the country and amid Beijing’s push for self sufficiency in the semiconductor sector.  Data from S&P Global showed that U.S. chip giants Intel, Broadcom, Qualcomm and Marvell Technology … Read more

Treasury yields are little changed as traders assess fresh inflation data

Treasury yields were flat Thursday as traders parsed through new U.S. inflation data in search of clues on when the Federal Reserve may start cutting interest rates. The 10-year Treasury yield inched up 1 basis point at 4.572%. The 2-year Treasury yield was last at 4.942% after falling by nearly 3 basis points. Yields and … Read more

Biden’s China tariff threats are more bark than bite, economists say

U.S. President Joe Biden attends a bilateral meeting with Chinese President Xi Jinping at Filoli estate on the sidelines of the Asia-Pacific Economic Cooperation (APEC) summit, in Woodside, California, U.S., November 15, 2023. REUTERS/Kevin Lamarque Kevin Lamarque | Reuters The Biden administration this week sent several signals of a toughening U.S. economic strategy against China. … Read more

Why car insurance costs are skyrocketing, leading to higher inflation

RobertCrum | Getty Images DETROIT – Skyrocketing auto insurance costs helped contribute to inflation accelerating at a faster-than-expected pace in March and are adding to the ever more expensive costs for U.S. vehicle owners. On a monthly basis, car insurance prices as part of the consumer price index rose by 2.6%, the year-over-year increase to … Read more

Goldman still expects stubbornly high U.S. inflation to fall this year

Goldman Sachs still expects stubbornly high U.S. inflation to ease over the coming months, despite investors slashing bets for Federal Reserve interest rate cuts, after yet another print showed that consumer prices remain sticky. The consumer price index accelerated at a faster-than-expected pace in March, according to data published on Wednesday by the Labor Department’s … Read more

Imports from China to US are rising at fastest rate since last fall

A batch of cars are ready to be shipped to overseas markets at the port of Taicang, Jiangsu province, China, April 9, 2024.  Future Publishing | Future Publishing | Getty Images Inflation is on the rise again, but it isn’t the only economic indicator rebounding. Imports coming to the U.S. from China are experiencing a … Read more

Trump slams Biden for inflation after hotter-than-expected CPI report

Joe Biden and Donald Trump 2024. Kevin Lamarque | Jay Paul | Reuters Donald Trump on Wednesday pounced on President Joe Biden after March’s consumer price index came in higher than expected, notching another data point that could signal inflation heating back up and tempering hopes of the Federal Reserve cutting interest rates in the near … Read more

10-year Treasury yield jumps back above 4.5% after March inflation tops estimates

The 10-year Treasury yield jumped back above 4.5% on Wednesday after March inflation data came in hotter than expected, adding to the likelihood of higher-for-longer interest rates from the Federal Reserve. The yield on the 10-year Treasury was last higher by more than 14 basis points at 4.509%. The yield on the 2-year Treasury was … Read more

Copper climbs to 2024 high as Wall Street banks raise price forecasts

Copper plates on wagons ready for onward shipping at the Mufulira refinery, operated by Mopani Copper Mines Plc, in Mufulira, Zambia, on Friday, May 6, 2022. Bloomberg | Bloomberg | Getty Images Soaring copper prices show no signs of slowing down, analysts say, with the red metal’s rally fueled by supply risks and improving demand … Read more