Breaking News: Economy
This is what really causes recessions, a former top Trump White House economist says
In 1973, OPEC proclaimed an oil embargo on the U.S. for its decision to resupply the Israeli military during the Yom Kippur war. The embargo lasted until March 1974, and during this time oil prices quadrupled. To control supply, the federal government under Nixon rationed oil, by state, to 1972 levels. By February 1974, it […]
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Powell sees inflation outlook in check, no need to hike rates because of oil shock
Federal Reserve Chair Jerome Powell, in a wide-ranging talk at Harvard University, said Monday that he sees inflation expectations as grounded despite rising energy prices so the central bank doesn’t need to respond with higher interest rates. As his term leading the central bank nears an end, Powell avoided questions about the longer-term direction of […]
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Fed Governor Miran still backs cuts, says interest rates could be ‘about a point’ lower this year
Key Points Federal Reserve Governor Stephen Miran continued his campaign for lower interest rates, telling CNBC that policymakers should disregard the current energy price spike. He told CNBC that he continues to think “we could be about a point easier, gradually done over the course of a year.” Source
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Watch Fed Chair Jerome Powell speak live to an economics class at Harvard
[The stream is slated to start at 10:30 a.m. ET. CNBC Television will start the stream when the event begins. Please refresh the page if you do not see a player above.] Federal Reserve Chair Jerome Powell speaks Monday to the Harvard University Principles of Economics class. This will be one of Powell’s final scheduled […]
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Treasury yields move lower as investors look to jobs data
U.S. Treasury yields were lower early on Monday as investors looked ahead to key jobs data and monitored the U.S.-Iran war, which entered its fifth week. At 4:13 a.m. ET, the benchmark 10-year Treasury yield was down over 4 basis points to 4.393%, while the 30-year Treasury bond also shed 4 basis points to yield at 4.933%. The 2-year Treasury yield […]
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CNBC Daily Open: Trump’s ‘favorite thing’ is Iranian oil
A satellite image shows an oil terminal at Kharg Island, Iran, February 25, 2026. 2026 Planet Labs Pbc | Via Reuters Hello, this is Leonie Kidd writing to you from London. Welcome to another edition of CNBC’s Daily Open. Sometimes, two things can be true at the same time. But U.S. President Donald Trump’s declaration […]
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CNBC Daily Open: U.S. eyes ground operation as oil execs warn of price shock
This picture taken on March 26, 2026 shows an oil tanker unloading crude oil at a port in Yantai, in China’s eastern Shandong province. CN-STR | Afp | Getty Images Hello, this is Dylan Butts writing to you from Singapore. Welcome to another edition of CNBC’s Daily Open. On March 11, President Donald Trump said […]
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Analysts name ‘positive surprises’ for BTS parent company Hybe with double-digit upside
HSBC has raised its target price for Hybe, the company behind Kpop sensation BTS , even as the band’s March comeback concert in Seoul drew a smaller crowd than expected. The bank reiterated its “buy” rating for the stock, increased its target price for Hybe to 500,000 won ($332) from 420,000 won and gave it […]
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Worried about Strait of Hormuz inflation to come? The world economy has one word for you: Plastics
Jeff Greenberg | Universal Images Group | Getty Images The price of naphtha may not keep you up at night when you think about the inflation yet to hit the economy from the U.S.-Iran war and Strait of Hormuz closure, but perhaps it should. As gas prices continue to rise alongside crude oil, costs of petroleum derivatives […]
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New fees, fewer flights: Higher fuel prices pinch consumer budgets beyond the gas pump
USPS and United Airlines. Joe Raedle | Grace Hie Yoon | Anadolu | Getty Images As the U.S.-Iran war enters its fifth week, consumers are facing economic consequences that impact everything from travel planning to mail delivery. Companies and other organizations are increasingly preparing for an environment in which the conflict — and subsequent jolt […]
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