Breaking News: Economy
Payrolls rose by 64,000 in November after falling by 105,000 in October, delayed jobs numbers show
A “Help Wanted” sign hangs in a restaurant window in Medford, Massachusetts, Jan. 25, 2023. Brian Snyder | Reuters Nonfarm payrolls grew slightly more than expected in November but slumped in October while unemployment hit its highest in four years, the Bureau of Labor Statistics reported Tuesday in numbers delayed by the government shutdown. Job […]
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High cost of goods is causing consumers to spend less for the holidays, CNBC survey finds
Inflation looks to be sapping some of Americans’ holiday cheer as they head out to buy gifts this Christmas season, according to the CNBC All-America Economic Survey. The survey found the high cost of goods has emerged as a major factor affecting how much shoppers spend and where they spend, suggesting inflation of the past […]
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Goldman Sachs makes big bet on ETFs specializing in downside protection
ETF Edge Goldman Sachs makes big bet on ETFs specializing in downside protection Published Sat, Dec 13 202511:00 AM EST Blair Bao WATCH LIVE Source
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Trump says Kevin Warsh is at top of Fed chair candidate list, president should be consulted on rates
Kevin Warsh, former governor of the US Federal Reserve, speaks with CNBC on July 17, 2025. CNBC President Donald Trump said Friday that Kevin Warsh has moved to the top of his list as the next Federal Reserve chair, though others remain in contention, according to the Wall Street Journal. Previously considered on Trump’s short […]
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Fed’s Goolsbee explains vote against rate cut, says central bank should have waited
Austan Goolsbee, President and CEO of the Federal Reserve Bank of Chicago, speaks to the Economic Club of New York in New York City, U.S., April 10, 2025. Brendan McDermid | Reuters Chicago Federal Reserve President Austan Goolsbee on Friday explained why he voted against this week’s interest rate cut, saying policymakers should have waited […]
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India’s inflation rises to 0.71% in November as decline in food, fuel prices loses steam
Shoppers purchase groceries at the upscale LuLu Hypermarket located in the Lulu International Shopping Mall in Kerala, India, on May 25, 2022. Nurphoto | Nurphoto | Getty Images India’s consumer inflation rose to 0.71% in November, accelerating from an all-time low of 0.25% in the prior month. The headline inflation number was in line with […]
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UK economy unexpectedly shrunk before Budget
Pedestrians walk past British Union flag designs on advertisements. Simon Dawson | Bloomberg | Getty Images The U.K. economy unexpectedly contracted in the three months to October, according to official figures released Friday. It follows a 0.1% expansion over the three months to September. Economists had expected 0% growth over the period. The Office for […]
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Fed votes to reappoint all of its regional bank presidents
Key Points The Federal Reserve on Thursday reappointed 11 of its 12 regional bank presidents, ending a mini-drama at the central bank in a move that came a bit earlier than usual. There had been some speculation about whether President Donald Trump, a fierce Fed critic, would seek to exert more control over the rate-setting […]
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The case for more Fed rate cuts could rest on a ‘systemic overcount’ of jobs numbers
In the Federal Reserve’s battle between fighting inflation and limiting unemployment, the latter side carried the day Wednesday and could also have an edge heading into 2026 if labor market weakness becomes more evident through an apparent overcounting of jobs numbers. In the immediate term, worries over the employment situation meant a vote, albeit divided […]
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Bessent to propose major overhaul of regulatory body created from financial crisis
U.S. Treasury Secretary Scott Bessent speaks onstage during The New York Times DealBook Summit 2025 at Jazz at Lincoln Center on December 03, 2025 in New York City. David Dee Delgado | Getty Images Entertainment | Getty Images Treasury Secretary Scott Bessent is proposing a major change in the approach to how the government approaches […]
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