Economy
Private sector hiring totaled 62,000 in March, better than expected, ADP says
Private sector employment growth was a bit better than expected in March, but health care and construction continued to provide nearly all the momentum, payrolls processing company ADP reported Wednesday. Job growth totaled 62,000 for the month, down just 4,000 from February’s upwardly revised level but above the Dow Jones consensus for 39,000. ADP’s report […]
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The stock market rebound, Nike’s recovery questions, ‘Project Hail Mary’ and more in Morning Squawk
This is CNBC’s Morning Squawk newsletter. Subscribe here to receive future editions in your inbox. Happy Wednesday. It’s also April Fools’ Day, so be wary of those too-good-to-be-true company announcements today. Stock futures are rising this morning. The three major indexes staged a big rally yesterday, ending their tough month and quarter on a high note. Here […]
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Stocks making the biggest moves premarket: Nike, RH, Sandisk & more
Check out the companies making the biggest moves premarket: Nike — The athletic apparel stock slumped 10% after its North American revenue came in at $5.03 billion, while analysts surveyed by LSEG had expected $5.04 billion. However, Nike posted fiscal third-quarter earnings of 35 cents per share and $11.28 billion in revenue. That exceeded the […]
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Treasury yields fall as Iran peace hopes fuel relief rally
Treasury yields fell on Wednesday as the prospect of a resolution to the Iran conflict lifted investor sentiment. The yield on the 10-year Treasury fell more than 2 basis points to 4.285%. The 2-year yield dropped more than 3 basis points to 3.762%, while the 30-year Treasury yield was down less than a basis point at 4.886%. One basis […]
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Oil extends gains after record monthly rally as Trump signals Iran war exit amid energy disruptions
Smoke emanates from smokestacks from an oil refinery in Linden, New Jersey, on March 18, 2026. Kena Betancur | AFP | Getty Images Crude prices extended gains during Asia trading as escalating attacks in the Persian Gulf and U.S. President Donald Trump’s signals on exiting the Iran conflict even as the Strait of Hormuz remains […]
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CNBC Daily Open: Markets rally as Trump signals Iran war could end soon
U.S. President Donald Trump attends to sign an executive order in the Oval Office of the White House in Washington, D.C., March 31, 2026. Evan Vucci | Reuters Hello, this is Dylan Butts writing to you from Singapore. Welcome to another edition of CNBC’s Daily Open. The global markets rollercoaster resulting from the U.S. war […]
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How Ireland became dependent on big pharma — and the risks ahead
In just 50 years, Ireland has become the world’s third largest exporter of pharmaceuticals, with medicines now making up about 20% of Ireland’s GDP. So how did Ireland become so tied to the pharma industry — and is that reliance at risk amid tariffs, patent cliffs and geopolitical tension? Ireland manufactures some of the world’s […]
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Why $4 a gallon gas prices won’t trigger Fed interest rate hikes — and could lead to cuts
Gas prices are displayed at a Mobil gas station on March 30, 2026 in Pasadena, California. Mario Tama | Getty Images Gasoline prices over $4 a gallon, part of an ongoing supply shock in the energy markets, might seem like a cue for the Federal Reserve to raise interest rates to head off inflation. At […]
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Moscow is profiting from the Iran war for now — but experts say Russia’s economy is in the ‘death zone’
In this pool photograph distributed by the Russian state agency Sputnik, Russia’s President Vladimir Putin attends a meeting with Iranian President in Ashgabat on December 12, 2025. Alexander Kazakov | Afp | Getty Images Russia has found itself in the curious position of benefiting from the turmoil hitting its Middle East partner and ally, Iran. […]
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While low-income consumers struggle with rising gas prices, higher earners grow nervous as markets fall
Higher oil prices due to the U.S.-Iran war are straining an already strapped lower-income consumer . But as equities fall, there’s a warning sign that higher earners are also starting to feel the heat. Internal data from Bank of America on credit and debit card spending revealed that from the start of the war through […]
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