Breaking News: Economy
Fed’s Miran sees China trade tensions as a further reason for quick interest rate cuts
Key Points Fed Governor Stephen Miran said the latest impasse in trade talks between the U.S. and China poses new dangers to the economic outlook and makes the case for rate cuts even more urgent. Miran has advocated for another 1.25 percentage points in cuts on top of the quarter-point move the Federal Open Market […]
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Tax rises and spending cuts in the cards, UK finance minister hints
CHISWICK, ENGLAND – OCTOBER 09: Britain’s Chancellor of the Exchequer, Rachel Reeves visits the Sipsmith Distillery on October 09, 2025 in Chiswick, United Kingdom. The Chancellor’s visit is intended to highlight how the UK-India free trade agreement is boosting British business, and comes as Prime Minister Keir Starmer is in India promoting the new pact, […]
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Fed’s Powell suggests tightening program could end soon, offers no guidance on rates
Jerome Powell, chairman of the US Federal Reserve, during a news conference following a Federal Open Market Committee (FOMC) meeting in Washington, DC, US, on Wednesday, Sept. 17, 2025. Kent Nishimura | Bloomberg | Getty Images Federal Reserve Chair Jerome Powell on Tuesday suggested the central bank is nearing a point where it will stop […]
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‘The job is stressful enough’: Air traffic controllers get partial paychecks as government shutdown heads for third week
An airplane takes off the control tower at Reagan National Airport in Arlington, Virginia, on Oct. 8, 2025. Brendan Smialowski | AFP | Getty Images U.S. air traffic controllers have received partial paychecks, their union said Tuesday, and they could miss their next paychecks altogether if the government shutdown lasts another two weeks. “The job […]
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Watch Fed Chair Powell speak live on policy at the NABE conference in Philadelphia
[The stream is slated to start at 12:20 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 delivers the keynote speech Tuesday at the National Association for Business Economics conference in Philadelphia. Markets are looking […]
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Property Play: Major real estate developers are fast becoming power brokers
Aerial view of the Apple Data Center in Mesa near Phoenix, Arizona, U.S. on August 6, 2017. Picture taken on August 6, 2017. Apple plans to build its second data center in China at Ulanqab City in the Inner Mongolia Autonomous Region. Jim Todd | Reuters A version of this article first appeared in the […]
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Bessent tells the FT that struggling China wants ‘to pull everybody else down with them’
U.S. Treasury Secretary Scott Bessent speaks to the press, on the day of U.S.-China talks on trade, economic and national security issues, in Madrid, Spain, September 15, 2025. Violeta Santos Moura | Reuters Treasury Secretary Scott Bessent accused China of trying to weaken the global economy by slapping export controls on resources vital for technology. […]
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Trump says the war is over, but the path to peace in the Middle East is fragile
U.S. President Donald Trump gestures as he poses next to a sign before a family photo at a world leaders’ summit on ending the Gaza war, amid a U.S.-brokered prisoner-hostage swap and ceasefire deal between Israel and Hamas, in Sharm el-Sheikh, Egypt, Oct. 13, 2025. Suzanne Plunkett | Reuters U.S. President Donald Trump was in […]
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The U.S. has stepped in with an extraordinary bailout of Argentina. Here’s what it means
U.S. President Donald Trump shakes hands with Argentina’s President Javier Milei during the 80th United Nations General Assembly, in New York City, New York, U.S., Sept. 23, 2025. Alexander Drago | Reuters The Treasury Department has extended a financial lifeline to Argentina in apparent hopes of heading off an emerging market financial crisis that could […]
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Trio win 2025 Nobel economics prize for work on innovation and ‘creative destruction’
The announcement of the winner of the 2025 Nobel Prize in Economics, at the Royal Swedish Academy of Sciences in Stockholm, Sweden, on October 13, 2025. Jonathan Nackstrand | Afp | Getty Images Joel Mokyr, Philippe Aghion and Peter Howitt won the 2025 Nobel economics prize for their work on how innovation and the forces […]
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