Breaking News: Economy
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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BlackRock sees shift in artificial intelligence trade. Where investors are putting their money now.
BlackRock is seeing a shift among Big Tech investors. Jay Jacobs, the firm’s U.S. head of equity ETFs, finds they’re going for targeted themes like artificial intelligence. “One of the biggest trades we’re seeing this year is simply people leaving the traditional tech sector and getting more granular into AI-specific ETFs, like BAI [the iShares […]
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CPI inflation report will be released by Labor Department, while other data is delayed by shutdown
A large US flag is seen on the facade of the Department of Labor headquarters building in Washington DC, United States on September 8, 2025. Celal Gunes | Anadolu | Getty Images The Labor Department will bring back staff to work on a key consumer inflation report despite the ongoing federal government shutdown, CNBC has […]
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Fed Governor Waller sees more rate cuts but says central bank needs to be ‘cautious about it’
Key Points Fed Governor Christopher Waller said Friday that he continues to support lowering interest rates but said the central bank needs to be careful amid conflicting economic signals. “I want to move towards cutting rates, but you’re not going to do it aggressively and fast, in case you make a big mistake on which […]
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How the world’s 240,000 crypto millionaires are spending their fortunes
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 price surge in bitcoin helped created another 70,000 new crypto millionaires over the past year, adding hundreds of billions of dollars in […]
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Trump’s Fed chair candidates list narrowed down to five by Bessent after interviews, sources say
Key Points The list of candidates for Fed chair is down to five from 11 after a series of interviews with Treasury Secretary Scott Bessent, according to sources. The remaining list of candidates includes Fed Vice Chair for Supervision Michelle Bowman, Fed Governor Christopher Waller — along with Kevin Hassett, the director of the National […]
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Senate to vote seventh time to end government shutdown, with little hope of passage
U.S. Senate Majority Leader John Thune (R-SD) holds a copy of the Continuing Appropriations and Extensions Act as he speaks during a press conference, accompanied by Speaker of the House Mike Johnson (R-LA) and other fellow Republicans, on the first day of a partial government shutdown, at the U.S. Capitol, in Washington, D.C., U.S., October […]
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Divided Fed officials saw another two interest rate cuts by the end of 2025, minutes show
watch now VIDEO3:1603:16 Fed minutes: Most participants say it would be appropriate to ease further to end the year Power Lunch Federal Reserve officials in September were strongly inclined to lower interest rates, with the only dispute seeming to be over how many cuts were coming, meeting minutes released Wednesday showed. The meeting summary indicated […]
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What the government shutdown means for commercial real estate
The sunset is reflected in the windows of the US Capitol as a man runs on the National Mall in Washington, DC, on October 1, 2025, the first day of the US federal government shutdown. Andrew Caballero-reynolds | Afp | Getty Images A version of this article first appeared in the CNBC Property Play newsletter […]
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September, typical boom month for shipping, looks more like freight recession this year
Lorado | E+ | Getty Images September, a key month for shipping ahead of the holiday season, is usually a boom one inside the freight business and supply chain, with products moving from warehouses to stores or consumers. Not this year. The latest Logistics Managers’ Index, which tracks inventory levels, warehouse costs, transportation capacity, and […]
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