Economic events
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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‘Battered and bruised but still standing’: WTO chief on global trade after tariffs
A cargo ship is loading and unloading foreign trade containers at Qingdao Port in Qingdao City, Shandong Province, China on July 28, 2025. CFOTO | Future Publishing | Getty Images Global trade is not broken, despite the disruption, pressure and shock of trade tariffs introduced by the U.S. this year, the head of the World […]
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European stocks turn negative as earnings, Fed decision hold spotlight; Novartis falls 3%
LONDON — European stocks were lower on Tuesday as global markets await the U.S. Federal Reserve’s interest rate decision. By 8:58 a.m. in London (4:58 a.m. ET), the pan-European Stoxx 600 was trading 0.2% lower, with most sectors and major bourses trading in negative territory. Bucking the trend was the utilities sector, often seen as […]
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CNBC Daily Open: Cooler-than-expected U.S. consumer inflation adds to market cheer
People shop for food at a supermarket in Monterey Park, California on September 9, 2025. Frederic J. Brown | Afp | Getty Images A tamer-than-expected U.S. inflation report for September injected optimism into markets. Traders are now betting that the Federal Reserve will almost certainly cut rates at its October meeting — scheduled for later […]
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AI, private credit, inflation: Global fund managers reveal their top concerns heading into year-end
Fund managers are taking a cautious stance as the fourth quarter gets underway, opting to go underweight in risk assets in favor of defensive plays with lower volatility. AI, private credit, sticky inflation — and the Fed’s ability to deal with it amid interference from U.S. President Donald Trump — are top of mind for […]
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