Economic events
Jobs data revisions are common. Here’s how the process works.
President Donald Trump fired the commissioner of the Bureau of Labor Statistics, claiming that last week’s jobs report “was rigged” without providing any evidence. But former Labor Statistics officials say that the commissioner typically doesn’t have a role in preparing the monthly jobs report. “There’s no way for that to happen,” said William Beach, Trump’s […]
Read More
Trump stokes conspiracies about jobs data, as White House defends firing BLS chief
U.S. President Donald Trump walks towards reporters from Marine One at at the Lehigh Valley International Airport on August 03, 2025 in Allentown, Pennsylvania. Anna Moneymaker | Getty Images President Donald Trump and one of his top economic advisors on Monday stoked baseless conspiracies about federal jobs data, suggesting without evidence that Friday’s weaker-than-expected employment […]
Read More
Singapore’s stock market is soaring. And the bull run is just getting started, experts say
Once seen as a small, “unexciting” market for income-seeking investors, Singapore equities have taken a sharp turn upwards, surging to record highs, with major banks and market watchers signaling that the rally is just getting started. Building on its strong gains from last year, the benchmark Straits Times Index has advanced nearly 10% so far […]
Read More
Asia-Pacific stocks set to slip as investors weigh tariffs, OPEC+ output hike
Investors will be keeping a watch on oil prices after OPEC+ agreed to raise production to 547,000 barrels per day in September. Source
Read More
Switzerland’s tariff shock: The 39% U.S. hit no one saw coming
The duty would be a “devastating” blow to the export-reliant Swiss economy and businesses, analysts say. Source
Read More
Asia-Pacific markets fall after Trump modifies tariff rates
Asia-Pacific markets start the day lower Asia-Pacific markets started the day lower Friday. Japan’s Nikkei 225 benchmark fell 0.65%, while the broader Topix index was flat as of 8:15 a.m. Singapore time (8:15 p.m. ET Thursday). In South Korea, the Kospi index dropped 1.73%, while the small-cap Kosdaq declined by 2.1%. Over in Australia, the S&P/ASX 200 benchmark […]
Read More
CNBC’s Inside India newsletter: Why an India-U.K. trade deal does not make U.S.-India agreement any easier
CNBC reporter Ganesh Rao with India Commerce Secretary Piyush Goyal © George Bextor, CNBC Hello, this is Ganesh Rao, CNBC’s senior correspondent, writing from London. This week, I look into India’s willingness and limitations to strike trade deals after I sat down with the country’s Commerce Secretary Piyush Goyal. Enjoy! This report is from this […]
Read More
The EU-U.S. trade deal dented euro strength. Strategists say that may not last
The euro has tumbled more than 2% against the U.S. dollar since the European Union struck a framework trade deal with the White House over the weekend, raising questions over whether its massive rally this year against the greenback has run its course. However, market watchers told CNBC that while the euro may have further […]
Read More
Asia-Pacific markets trade mixed as investors assess U.S.’ 15% tariffs on South Korea; await Bank of Japan’s rate decision
Asia-Pacific markets start the day mixed Asia-Pacific markets opened mixed Thursday. Japan’s Nikkei 225 benchmark moved up 0.21% while the broader Topix index ticked up 0.28%, as of 8.10 a.m. Singapore time (8.10 p.m. ET Wednesday). In South Korea, the Kospi index fell 0.14% while the small-cap Kosdaq was flat. Over in Australia, the S&P/ASX 200 benchmark fell […]
Read More
Why the U.S.-EU trade agreement is unlikely to derail Europe’s defense boom
Europe’s defense stocks wobbled at the start of the week, as investors pored over the details — still lacking in some areas — of the framework trade agreement struck by the U.S. and European Union on Sunday. An initial concern was that a commitment by the EU to increase its purchases of U.S. goods, in […]
Read More