Breaking News: Economy
D.R. Horton is tapping a startup’s AI zoning tool to build more homes
D.R. Horton signage stands in front of homes under construction at the Eastridge Woods development in Cottage Grove, Minnesota. Daniel Acker | Bloomberg | Getty Images A version of this article first appeared in the CNBC Property Play newsletter with Diana Olick. Property Play covers new and evolving opportunities for the real estate investor, from […]
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Markets no longer view the December rate cut as a sure bet, with Fed officials casting doubts
Key Points Federal Reserve Chair Jerome Powell wasn’t kidding a couple weeks ago when he said a December rate cut wasn’t in the bag. Whereas traders as recently as a few days ago were pricing in at least a 2-to-1 probability of a quarter percentage point cut, that’s now flipped to a coin toss. As […]
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This startup backed by Bezos and Benioff launched a trading platform for shares of rental homes
Row of single-family detached houses in Alexandria, Virginia. Grace Cary | Moment | Getty Images A version of this article first appeared in the CNBC Property Play newsletter with Diana Olick. Property Play covers new and evolving opportunities for the real estate investor, from individuals to venture capitalists, private equity funds, family offices, institutional investors […]
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China’s Singles’ Day stumbles as frugal shoppers shrink the world’s biggest sale
JD.com and Alibaba are operating in Suqian City, Jiangsu Province, China, on Dec. 29, 2023. Costfoto | Nurphoto | Getty Images BEIJING — Preliminary figures for China’s biggest shopping event of the year indicated slower sales as consumers tie their purse strings tighter amid weak economic growth. The Double 11 shopping festival this year recorded […]
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Stocks making the biggest moves after hours: Cisco, Flutter Entertainment, Firefly and more
Check out the companies making headlines in after-hours trading. Cisco — Shares of Cisco gained more than 7% in extended trading after the networking company posted better-than-expected profit and revenue for its fiscal first quarter. Cisco earned $1 per share, excluding items, on $14.88 billion in revenue, while analysts polled by LSEG expected 98 cents […]
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Boston Fed President Collins advocates holding rates steady, sees ‘high bar’ for further cuts
Key Points Boston Fed President Susan Collins said she will be reluctant to support further rate cuts anytime soon with inflation still high and policymakers hampered by a lack of data. “I see several reasons to have a relatively high bar for additional easing in the near term,” said Collins, a voter this year on […]
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House to vote on bill to end shutdown around 7 p.m. ET Wednesday, Rep. Scalise says
The U.S. House of Representatives will vote early Wednesday evening to end the longest government shutdown in history, Rep. Steve Scalise (R-La.) said. “We’ll start the process probably around four, five o’clock. The actual vote on the bill to fund the government will probably come later, around seven o’clock,” the House majority leader told CNBC. […]
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Tariffs thaw, rivalry simmers: U.S.–China trade truce enters uneasy phase
Chinese President Xi Jinping meets with U.S. President Donald Trump in Busan, South Korea, Oct. 30, 2025. (Photo by Huang Jingwen/Xinhua via Getty Images) Huang Jingwen | Xinhua News Agency | Getty Images Even as a U.S.–China trade truce appears to be holding, analysts caution that the détente remains fragile in a rivalry increasingly defined […]
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Real estate titan Barry Sternlicht says he will ‘have to’ drop employees in favor of AI
A version of this article first appeared in the CNBC Property Play newsletter with Diana Olick. Property Play covers new and evolving opportunities for the real estate investor, from individuals to venture capitalists, private equity funds, family offices, institutional investors and large public companies. Sign up to receive future editions, straight to your inbox. Billionaire Barry Sternlicht, […]
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American farmers push to boost soybean sales in China as Trump’s trade war rumbles on
After President Donald Trump’s recent meeting with Chinese leader Xi Jinping, there is hope for U.S. farmers that the soybean business may be on the way back. At the China International Import Expo last week, Illinois soybean farmer Scott Gaffner said he came to Shanghai to save his China business. “We want to make sure […]
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