Breaking News: Economy
Russia’s economy is creaking — and the Kremlin wants Russians to pay more for the war
Russian President Vladimir Putin during a meeting on development of ‘new regions’, annexed from Ukraine, at the Kremlin, June 30, 2025, in Moscow, Russia. Contributor | Getty Images Russia is set to hike taxes on businesses and consumers as the government looks for ways to support military spending while its war-focused economy creaks at the […]
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Treasury Secretary Bessent says U.S. GDP could take a hit from the government shutdown
Treasury Secretary Scott Bessent told CNBC’s on Thursday that U.S. economic growth could be hurt by the government shutdown. “This isn’t the way to have a discussion, shutting down the government and lowering the GDP,” Bessent said during a “Squawk Box” interview. “We could see a hit to the GDP, a hit to growth and […]
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States sue Zillow, Redfin for alleged antitrust violation in online rental housing
Rafael Henrique | Lightrocket | Getty Images Attorneys general from five states sued Zillow and Redfin on Wednesday, alleging the companies schemed to stop competition in the online housing rental market. The lawsuit follows a similar one filed by the Federal Trade Commission on Tuesday. Officials from New York, Arizona, Connecticut, Washington and Virginia jointly […]
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Private payrolls declined in September by 32,000 in key ADP report coming amid shutdown data blackout
Private payrolls saw their biggest decline in two-and-a-half years during September, a further sign of labor market weakening that compounds the data blackout accompanying the U.S. government shutdown. Companies shed a seasonally adjusted 32,000 jobs during the month, the biggest slide since March 2023, payrolls processing firm ADP reported Wednesday. Economists surveyed by Dow Jones […]
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India holds rates steady at 5.5% in line with forecast as central bank assesses earlier cuts
India’s central bank kept its policy rate unchanged at 5.5% Wednesday, in line with the expectations of economists polled by Reuters, as it assessed the impact of earlier cuts. Inflation moderated significantly in the first quarter, but growth could decelerate in the second half of the financial year due to global trade uncertainties, said Sanjay […]
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Government shutdown live updates: Funding ends after Trump, GOP, Democrats fail to cut deal
The shutdown could cause hundreds of thousands of federal workers to be furloughed and a slew of key programs and services to be shuttered. Source
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The government shutdown fight hinges on ACA tax credits — and if immigrants should get them
The federal government may soon shut down, in large part because of a debate between Republicans and Democrats over Obamacare subsidies and whether some immigrants should get those financial benefits. Republicans claim Democrats want to give health care to “illegal immigrants.” Democrat, in turn, say that’s a lie. Democrats say they are only trying to […]
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How this $130 billion energy management company is fueling Nvidia’s infrastructure growth
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 up to receive future editions, straight to your inbox. Despite its name, […]
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UK at ‘a fork in the road’ between renewal and decline, PM warns
U.K. Prime Minister Sir Keir Starmer attends an opening session on the first day of the Labour Party conference at ACC Liverpool on September 28, 2025 in Liverpool, England. Dan Kitwood | Getty Images News | Getty Images U.K. Prime Minister Keir Starmer warned Tuesday that Britain stands “at a fork in the road” between renewal and […]
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Boston Fed President Collins sees caution on future interest rate cuts
Susan Collins, president of the Federal Reserve Bank of Boston, speaks during the National Association of Business Economics (NABE) economic policy conference in Washington, DC, US, on Thursday, March 30, 2023. Ting Shen | Bloomberg | Getty Images Boston Federal Reserve President Susan Collins on Tuesday expressed support for the recent interest rate cut, but […]
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