Economy
Big bank earnings, Broadcom’s OpenAI chip deal, record-high car prices and more in Morning Squawk
A sign is posted in front of a Broadcom office in San Jose, California, on Dec. 12, 2024. Justin Sullivan | Getty Images This is CNBC’s Morning Squawk newsletter. Subscribe here to receive future editions in your inbox. Here are five key things investors need to know to start the trading day: 1. Broadcom’s boon OpenAI made its […]
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Trump says the war is over, but the path to peace in the Middle East is fragile
U.S. President Donald Trump gestures as he poses next to a sign before a family photo at a world leaders’ summit on ending the Gaza war, amid a U.S.-brokered prisoner-hostage swap and ceasefire deal between Israel and Hamas, in Sharm el-Sheikh, Egypt, Oct. 13, 2025. Suzanne Plunkett | Reuters U.S. President Donald Trump was in […]
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Coffee and ‘chili crab’ ice cream: How luxury fashion brands are capturing Asian consumers
A corduroy Ralph Lauren letter jacket at the brand’s store in Singapore retails for around $900 Singapore dollars ($693). But a vanilla latte in its cafe? A comparative steal at SG$9. From Ralph Lauren to Coach, Louis Vuitton, Dior and Prada, clothing and luxury brands are opening stores in Asia to connect with consumers who […]
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The U.S. has stepped in with an extraordinary bailout of Argentina. Here’s what it means
U.S. President Donald Trump shakes hands with Argentina’s President Javier Milei during the 80th United Nations General Assembly, in New York City, New York, U.S., Sept. 23, 2025. Alexander Drago | Reuters The Treasury Department has extended a financial lifeline to Argentina in apparent hopes of heading off an emerging market financial crisis that could […]
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Trio win 2025 Nobel economics prize for work on innovation and ‘creative destruction’
The announcement of the winner of the 2025 Nobel Prize in Economics, at the Royal Swedish Academy of Sciences in Stockholm, Sweden, on October 13, 2025. Jonathan Nackstrand | Afp | Getty Images Joel Mokyr, Philippe Aghion and Peter Howitt won the 2025 Nobel economics prize for their work on how innovation and the forces […]
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BlackRock sees shift in artificial intelligence trade. Where investors are putting their money now.
BlackRock is seeing a shift among Big Tech investors. Jay Jacobs, the firm’s U.S. head of equity ETFs, finds they’re going for targeted themes like artificial intelligence. “One of the biggest trades we’re seeing this year is simply people leaving the traditional tech sector and getting more granular into AI-specific ETFs, like BAI [the iShares […]
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Stocks making the biggest moves midday: MP Materials, Alibaba, Protagonist Therapeutics & more
Check out the companies making the biggest moves midday: Rare earth stocks — The group rose broadly after President Donald Trump said China was holding the world “captive” over the minerals, threatening countermeasures. MP Materials traded 13% higher along with USA Rare Earth . Magnificent Seven — Megacap tech stocks tumbled Friday after Donald Trump […]
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CPI inflation report will be released by Labor Department, while other data is delayed by shutdown
A large US flag is seen on the facade of the Department of Labor headquarters building in Washington DC, United States on September 8, 2025. Celal Gunes | Anadolu | Getty Images The Labor Department will bring back staff to work on a key consumer inflation report despite the ongoing federal government shutdown, CNBC has […]
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Fed Governor Waller sees more rate cuts but says central bank needs to be ‘cautious about it’
Key Points Fed Governor Christopher Waller said Friday that he continues to support lowering interest rates but said the central bank needs to be careful amid conflicting economic signals. “I want to move towards cutting rates, but you’re not going to do it aggressively and fast, in case you make a big mistake on which […]
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How the world’s 240,000 crypto millionaires are spending their fortunes
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 price surge in bitcoin helped created another 70,000 new crypto millionaires over the past year, adding hundreds of billions of dollars in […]
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