Breaking News: Economy
Bank of America’s CEO says economic growth is ‘better than people think’ and the Fed should stay on hold
Bank of America CEO Brian Moynihan said Wednesday that consumers are continuing to spend and economic growth should be solid though slower this year. Despite surveys indicating that confidence is at a nearly three-year low amid increasing worries about inflation, Moynihan told CNBC that spending data shows consumers are still shelling out money, though shifting […]
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Bank of England expected to keep rates on hold amid headwinds it can’t fully predict or control
The Bank of England in London on Feb. 12, 2024. Henry Nicholls | Afp | Getty Images The Bank of England is widely expected to hold interest rates when it meets on Thursday, as the U.K. faces economic headwinds both at home and abroad. The central bank is highly likely to keep its benchmark interest […]
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The Fed will update its rate projections Wednesday. Here’s what to expect
U.S. Federal Reserve Chair Jerome Powell testifies before a Senate Banking, Housing and Urban Affairs Committee hearing on “The Semiannual Monetary Policy Report to the Congress,” at Capitol Hill in Washington, U.S., Feb. 11, 2025. Craig Hudson | Reuters Federal Reserve officials at this week’s meeting are expected to hold interest rates steady but adjust […]
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Putin and Trump set to discuss Russia’s demands for a Ukraine ceasefire deal
U.S. President Donald Trump and Russian President Vladimir Putin at a joint press conference after their summit on July 16, 2018, in Helsinki, Finland. Chris McGrath | Getty Images News | Getty Images U.S. President Donald Trump and Russian President Vladimir Putin are set to join a call Tuesday to discuss a 30-day ceasefire proposal to pause […]
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Frontier Airlines offers free checked bags promotion in swipe at Southwest
Frontier Airlines Nurphoto | Nurphoto | Getty Images Frontier Airlines took a swipe at Southwest Airlines‘ plan to start charging for seat assignments and checked luggage by doing the opposite. Budget carrier Frontier said customers can receive a bundle that includes a seat assignment and a carry-on bag without an upcharge if they book Tuesday through […]
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Slower economic growth is likely ahead with risk of a recession rising, according to the CNBC Fed Survey
CNBC Fed Survey Slower economic growth is likely ahead with risk of a recession rising, according to the CNBC Fed Survey Published Tue, Mar 18 20256:37 AM EDTUpdated 43 Min Ago Steve Liesman@steveliesman WATCH LIVE Source
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Trump economic advisor Kevin Hassett warns of more uncertainty over tariffs
President Donald Trump’s top economic aide on Monday warned of more economic uncertainty stemming from the United States’ evolving tariff agenda. “Absolutely, between now and April 2, there’ll be some uncertainty,” National Economic Council director Kevin Hassett said on CNBC’s “Squawk Box,” referring to the date on which Trump says he will unveil “reciprocal” tariff […]
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Stocks making the biggest moves premarket: Affirm, Netflix, Incyte, Norwegian Cruise Line & more
Check out the companies making headlines before the bell. Norwegian Cruise Line — Shares of the cruise operator rose 4% on the back of an upgrade from JPMorgan to overweight from neutral. The firm is bullish on the company, citing that its management has indicated no change in booking curves and cancellation rates, or cracks […]
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‘Buy European’: Airbus and others call for sovereign fund and higher Europe tech autonomy
European Commission President Ursula von der Leyen attends a press conference after a European Union leaders’ special summit to discuss Ukraine and European defense, in Brussels, Belgium March 6, 2025. Stephanie Lecocq | Reuters Airbus and over 90 other European companies and lobby groups have called on the European Commission to create a sovereign infrastructure […]
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OECD cuts U.S. and global economic outlooks as Trump’s trade tariffs weigh on growth
Undiscouraged by the rain, shoppers and visitors out on Oxford Street braving the bad weather from the latest storm using umbrellas on 28th January 2025 in London, United Kingdom. Oxford Street is a major retail centre in the West End of the capital and is Europes busiest shopping street with around half a million daily […]
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