Economic events
European Central Bank holds rates steady as economy shows resilience
The European Central Bank has kept interest rates on hold, as expected, at its latest meeting on Thursday. The central bank held its key deposit facility rate at 2% for the third consecutive time, having last cut rates in June. The trim, which coincided with euro zone inflation hitting the ECB’s target rate of 2%, was […]
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The shark tank effect: How entrepreneurship is rising in small cities
LEAD PICTURE This report is from this week’s CNBC’s “Inside India” newsletter, which brings you timely, insightful news and market commentary on the emerging powerhouse. Subscribe here. The big story 31-year-old Aarushi Kilawat is a fashion entrepreneur from India’s Jaipur, a small city with less than 5 million residents — a far cry from Indian metropolises […]
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Euro zone economy ekes out 0.2% growth in the third quarter
Pedestrians wear protective face masks while passing stores and cafes on Rue Montorgueil in Paris, France, on Wednesday, Aug. 26, 2020. Bloomberg | Bloomberg | Getty Images The euro zone economy eked out 0.2% growth in the third quarter, just beating expectations, according to flash data from Eurostat on Thursday. Economists polled by Reuters had anticipated the bloc’s […]
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European markets open in negative territory ahead of earnings, growth data and ECB decision
General view of Amsterdam’s city center. Nurphoto | Nurphoto | Getty Images LONDON — European stocks were lower on Thursday as regional investors await more corporate earnings, the latest growth data and a European Central Bank rate decision. The pan-European Stoxx 600 was 0.1% lower at 8:55 a.m. in London (4:55 a.m. ET). The U.K.’s […]
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Chinese companies have begun to dominate Southeast Asia’s online shopping market
Key Points In Indonesia, Thailand and the Philippines, Chinese e-commerce players have quickly come to dominate around half of the online shopping market, Bain and Company said in a report Thursday. “Far from being killed by tariffs, the internationalization of Chinese retail is entering a new phase,” the consulting firm said. The findings come as […]
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10-year Treasury yield surges back above 4% after Powell says December rate cut far from certain
Treasury yields gained even after the Federal Reserve cut rates for a second time this year as central bank chief Jerome Powell indicated another easing in December was far from certain. The benchmark 10-year Treasury yield was 7 basis points higher at 4.054%. The 2-year Treasury note yield added 9 basis points to 3.582%. The 30-year bond yield rose 5 basis points […]
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Government shutdown could cost U.S. economy up to $14 billion, CBO says
The shutdown of the U.S. federal government could cost the economy up to $14 billion, depending on how long it lasts, the Congressional Budget Office said Wednesday. The shutdown, now in its fourth week, will result in the loss of at least $7 billion of gross domestic product by the end of 2026 as a […]
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From futuristic NEOM to tech and tourism, Saudi Arabia’s priorities are shifting
Digital render of NEOM’s The Line project in Saudi Arabia The Line, NEOM When Saudi Arabia first announced plans to reinvent its oil-based economy, huge infrastructure projects like the futuristic region NEOM and smart city The Line were championed as central to the transformation. Almost a decade on from the launch of its “Vision 2030” […]
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European stocks tick higher; Luxury carmaker Mercedes up 5.7%, on pace for best trading day since 2022
Traders work, as a screen broadcasts a news conference by U.S. Federal Reserve Chair Jerome Powell following the Fed rate announcement, on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., Sept. 17, 2025. Brendan McDermid | Reuters LONDON — European stocks edged higher on Wednesday, with some stocks particularly […]
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Home prices lag inflation, meaning homeowners are losing out on their investment
Homes in the south suburban Chicago area on April 26, 2023. Brian Cassella | Tribune News Service | Getty Images A home is most Americans’ single largest investment. The returns are losing ground. Home prices nationally rose 1.5% in August compared with the same month last year, down from the 1.6% annual gain recorded in […]
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