Breaking News: Economy
WTO hikes global trade forecast for 2025 — but next year doesn’t look so good
A cargo ship sits outside of the Port of Elizabeth marine terminal seen from Bayonne, New Jersey, U.S., April 9 2025. Shannon Stapleton | Reuters The World Trade Organization on Tuesday hiked its forecast for global trade growth in 2025 but warned that the outlook for 2026 had deteriorated. In its latest “Global Trade Outlook […]
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France is plunged further into political crisis. Here’s what could happen next
France’s President Emmanuel Macron gestures as he speaks to the press at the end of the 7th European Political Community (EPC) Summit at the Bella Center in Copenhagen, Denmark on October 2, 2025. Ludovic Marin | Afp | Getty Images French President Emmanuel Macron is confronting another massive political headache following the shock resignation of […]
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Senate to vote again on funding bill as government shutdown stalemate enters sixth day
US Senate Majority Leader John Thune, Republican from South Dakota, speaks to reporters outside of his office at the US Capitol, on the second day of the US government shutdown in Washington, DC, on October 2, 2025. Andrew Caballero-Reynolds | Afp | Getty Images The Senate is set to vote again on Monday on a […]
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Mongolia to join data center frenzy with Chinggis Khaan sovereign wealth fund
A view from the statue of Genghis Khan in Ulaanbaatar, Mongolia on April 04, 2022. Anadolu | Anadolu | Getty Images Mongolia, long reliant on mining, plans to build data centers powered by renewable energy as it prepares its first sovereign wealth fund aimed at channeling its mineral wealth to social welfare and infrastructure. “We […]
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Investors may want to consider boosting their exposure abroad — even with U.S. stocks around record highs
ETF Edge Investors may want to consider boosting their exposure abroad — even with U.S. stocks around record highs Published Sat, Oct 4 202511:00 AM EDT Blair Bao WATCH LIVE Source
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Amazon shutters 4 Fresh stores in Southern California as grocery strategy keeps shifting
An employee arranges a salad dressing display at an Amazon Fresh grocery store on December 12, 2024 in Federal Way, Washington. David Ryder | Getty Images Amazon is closing four more Fresh supermarkets in Southern California as the e-commerce giant continues to focus its grocery strategy around Whole Foods and delivery. The closures will take […]
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Chicago Fed President Goolsbee ‘a little wary’ about cutting interest rates too quickly
Key Points Chicago Federal Reserve President Austan Goolsbee said Friday he’s leery of cutting interest rates too quickly as threats increase both inflation and employment. “I’m a little wary about front-loading too many rate cuts and just counting on the inflation going away,” he said. Source
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The wealth of the top 1% reaches a record $52 trillion
A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox. The top 10% of Americans added $5 trillion to their wealth in the second quarter as the stock market rally continued to benefit […]
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Property tech ‘winter’ is over, but climate investment is still struggling, says Fifth Wall CEO
Fifth Wall co-founder and CEO Brendan Wallace. Courtesy of Fifth Wall 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 […]
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