Breaking News: Economy
Watch the full video of Donald Trump talking with Jim Cramer at the NYSE
President-elect Donald Trump rang the opening bell at the New York Stock Exchange Thursday morning. From the floor afterward, CNBC’s Jim Cramer interviewed Trump about his plan for boosting the American economy. Many C-suite executives watched from the trading floor. Earlier Thursday morning, Robert F. Kennedy Jr., Trump’s pick to be the nation’s top health […]
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Trump rings bell at NYSE to cheers of ‘USA’ as Wall Street CEOs, business leaders look on
President-elect Donald Trump rang the opening bell at the New York Stock Exchange on Thursday after vowing an economic boom to a cheering crowd of traders and business leaders. “We’re with you all the way,” the incoming Republican president said in the NYSE building in lower Manhattan, where he was invited after becoming TIME’s “Person […]
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Wholesale prices rose 0.4% in November, more than expected
A measure of wholesale prices rose more than expected in November, adding fuel to the belief that progress in bringing down inflation has slowed, the Bureau of Labor Statistics reported Thursday. The producer price index, which measures what producers get for their products at the final-demand stage, increased 0.4% for the month, higher than the […]
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Stocks making the biggest moves premarket: Uber, Celsius Holdings, Adobe, Chewy and more
Check out the companies making headlines before the bell. Constellation Energy — The energy stock added 2% following an upgrade to buy from neutral at Bank of America. Analyst Ross Fowler said that the company was in the best position to benefit from upcoming regulatory clarity coupled with increasing demand and tightening supply. This potential […]
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European Central Bank set to deliver final rate cut of the year
Euro higher ahead of interest rate decision The euro was slightly higher against major currencies at 9:45 a.m. London time (4:45 a.m. ET), ahead of the European Central Bank’s announcement at 1:15 p.m. The euro was up 0.17% against the U.S. dollar at $1.051, and 0.1% higher against the British pound. It jumped 0.52% against […]
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UK and EU leaders want a reset after Trump’s win — and now voters want it too
A man holds an American flag depicting president-elect Donald Trump at Parliament Square in London. Jeff J Mitchell | Getty Images News | Getty Images As U.K. and EU leaders seek to reset relations ahead of President-elect Donald Trump’s return to the White House, public sentiment also appears to be shifting in favor of closer ties […]
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Budget deficit swells in November, pushing fiscal 2025 shortfall 64% higher than a year ago
The US Treasury building in Washington, DC, US, on Tuesday, Aug. 15, 2023. Nathan Howard | Bloomberg | Getty Images The U.S. budget deficit swelled in November, putting fiscal 2025 already at a much faster pace than a year ago when the shortfall topped $1.8 trillion, the Treasury Department reported Wednesday. For the month, the […]
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Here’s the inflation breakdown for November 2024 — in one chart
Key Points The consumer price index increased 2.7% in November 2024 from a year earlier, according to the Bureau of Labor Statistics. Inflation is not accelerating, but remains persistently too high, economists said. Inflation for groceries, gasoline and new vehicles increased. The good news is underlying trends still appear positive and disinflation is likely to […]
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Annual inflation rate accelerates to 2.7% in November, as expected
Consumer prices rose at a faster annual pace in November, a reminder that inflation remains an issue both for households and policymakers. The consumer price index showed a 12-month inflation rate of 2.7% after increasing 0.3% on the month, the Bureau of Labor Statistics reported Wednesday. The annual rate was 0.1 percentage point higher than […]
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Greece’s ghost towns offer a glimpse of a country struggling with ‘existential’ population collapse
A cafe offers a glimpse into the past in the abandoned village of Lasta. There are no staff but instead an honor system, which allows visitors to serve themselves a coffee in exchange for a donation. CNBC Lasta, GREECE — There’s nobody around anymore to man Saint George cafe in Lasta, a mountainous village in […]
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