Economic events
The wealth of the top 1% reaches a record $52 trillion
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 top 10% of Americans added $5 trillion to their wealth in the second quarter as the stock market rally continued to benefit […]
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Foreign investors eye China one again — but capital controls and policy risks keep them on edge
Lujiazui Business Districk in Pudong, Shanghai, China. Liqun Liu | Construction Photography | Hulton Archive | Getty Images SINGAPORE — As China seeks to entice back foreign capital amid dwindling inbound investment, global investors eyeing opportunities in the country remain wary of more fundamental constraints: Beijing’s iron grip on capital flows and lack of policy […]
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CNBC Daily Open: U.S. stock indexes charge ahead with three record closes
The “Charging Bull” statue at Bowling Green in New York’s Financial District. Drew Angerer | Getty Images Investors continue to pile into stocks, undeterred by a government shutdown or shaky jobs data, with all three benchmarks hitting record highs Thursday. With the Senate not meeting yesterday because of Yom Kippur, the U.S. government stayed shut […]
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CNBC Daily Open: There’s no stopping the U.S. stock markets
A bronze sculpture of a bull is displayed on Broadway in the financial district November 14, 2000 in New York City. Chris Hondros | Hulton Archive | Getty Images Investors continue to pile into stocks, undeterred by a government shutdown or shaky jobs data, with all three benchmarks hitting record highs Thursday. With the Senate […]
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Russia’s economy is creaking — and the Kremlin wants Russians to pay more for the war
Russian President Vladimir Putin during a meeting on development of ‘new regions’, annexed from Ukraine, at the Kremlin, June 30, 2025, in Moscow, Russia. Contributor | Getty Images Russia is set to hike taxes on businesses and consumers as the government looks for ways to support military spending while its war-focused economy creaks at the […]
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CNBC’s Inside India newsletter: India’s gigawatt gold rush
A Nvidia HGX H100 server at the Yotta Data Services Pvt. data center in Navi Mumbai, India, on Thursday, Mar. 14, 2024. Bloomberg | Bloomberg | Getty Images 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 […]
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S&P 500 closes above 6,700 for first time as traders bet on short-lived shutdown
Traders work at the New York Stock Exchange on Oct. 1, 2025. NYSE The S&P 500 closed at a record high on Wednesday as traders were hopeful that a U.S. federal government shutdown would be brief and possibly have little impact on the economy. The broad market index gained 0.34% to close at 6,711.20. Earlier, […]
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How a U.S. government shutdown could impact global markets
Morning light hits the U.S. Capitol hours ahead of a press conference to discuss the Epstein Files Transparency bill, directing the release of the remaining files related to the investigations into Jeffrey Epstein and Ghislaine Maxwell, on Capitol Hill in Washington, D.C., U.S., September 3, 2025. Jonathan Ernst | Reuters The U.S. government entered a […]
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UK PM Starmer prepares for critical address — and much is riding on what he says
British Prime Minister Keir Starmer touches his glasses during a press conference with U.S. President Donald Trump (not pictured) at the White House in Washington, D.C., U.S., Feb. 27, 2025. Brian Snyder | Reuters Seldom, if ever, can a British prime minister, barely a year into office and sitting on an enormous parliamentary majority, have […]
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A possible risk to markets from a shutdown getting chatter on trading floors
Markets have largely shrugged off previous government shutdowns, but this time could prove different if it shows U.S. government ineptitude has fallen to a new low. That could cause rating agencies to reexamine the high, but fragile condition of U.S. credit worthiness. On Monday the Labor Department said it’s preparing a contingency plan for what […]
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