Breaking News: Economy
Trump says government will make deals like Intel stake ‘all day long’
President Donald Trump on Monday boasted about the government’s new stake in Intel and said he’s determined to do similar deals. “I will make deals like that for our Country all day long,” the president posted on Truth Social. Trump added that “stupid people” are upset with a move that he said will bring more […]
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From the ‘Big Stay’ to a ‘no-hire, no-fire’ freeze, labor markets are seeing sizable shifts
Casarsaguru | E+ | Getty Images Millions of workers left their jobs during the “Great Resignation” of the Covid-19 pandemic, but economic insecurity and uncertainty have once more turned the tides of the labor market toward the “Great Stay.” Economists coined the term to refer to fewer employees leaving jobs, and fewer employers hiring or […]
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BOJ’s Ueda expects tightening job market to push up wages
Kazuo Ueda, governor of the Bank of Japan (BOJ), speaks during a conference hosted by the bank’s Institute for Monetary and Economic Studies in Tokyo, Japan, on Tuesday, May 27, 2025. Kiyoshi Ota | Bloomberg | Getty Images Bank of Japan Governor Kazuo Ueda said wage hikes are spreading beyond large firms and likely to […]
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Why Fed chief Powell’s rate cut signal lifted our non-tech stocks the most
It was a topsy-turvy week for Wall Street, saved by a big Friday rally. The market was looking at a weekly loss at Thursday’s close. But a day later, Federal Reserve Chairman Jerome Powell came through, hinting at possible interest rate cuts ahead. His speech on Friday at the central bank’s economic symposium in Jackson […]
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India says US trade negotiations are still going on as fresh tariffs loom
Dr. Subrahmanyam Jaishankar, Indian Minister of External Affairs at the World Trade Center on June 30, 2025 in New York City. Roy Rochlin | Getty Images Entertainment | Getty Images India’s foreign minister said on Saturday that trade negotiations with Washington are continuing but there are lines that New Delhi needs to defend, just days […]
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Troop costs, China in focus when South Korea’s Lee meets Trump
The U.S. and South Korean flag against the backdrop of a building. Chris Putnam | Future Publishing | Getty Images When South Korean President Lee Jae Myung meets U.S. President Donald Trump next week for their first summit, he will be asked to pay more for the upkeep of American troops on the peninsula during […]
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Spain’s economy keeps growing — why is the country doing so well?
Tourists take photos as they visit the Sagrada Familia basilica in Barcelona, on August 2, 2025. (Photo by Manaure QUINTERO / AFP) (Photo by MANAURE QUINTERO/AFP via Getty Images) Manaure Quintero | Afp | Getty Images Spain’s booming economy is outpacing its European neighbors as tourism, foreign investment and immigration helps fuel growth. The southern […]
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Here’s what current and former Fed officials are saying about Lisa Cook investigation
Key Points Current and former Federal Reserve officials have offered their thoughts about the Trump administration’s recent mortgage fraud allegations toward Fed Governor Lisa Cook. Former Boston Fed President Eric Rosengren told CNBC on Friday that “until there’s some facts out, I don’t think people should draw any conclusion,” while others such as Cleveland Fed […]
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Stocks making the biggest moves midday: Microchip Technology, Builders FirstSource, Zoom Communications and more
Here are some of the stocks posting the biggest moves in midday trading Friday: Mohawk Industries , Builders FirstSource — Home construction plays jumped after Federal Reserve Chair Jerome Powell hinted that rate cuts could be around the corner, sparking hopes for lower borrowing costs. Builders FirstSource jumped 8%, while flooring company Mohawk Industries added […]
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Cleveland Fed’s Hammack casts doubt on interest rate cuts amid inflation worries
Key Points Cleveland Federal Reserve President Beth Hammack said Friday she would be hesitant about lowering interest rates as long as inflation remains a threat. In a CNBC interview, she said, “I don’t want to move us to a place where we’re being accommodative, because I worry that if we’re accommodative, we could reinvigorate the […]
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