Inflation
CNBC Daily Open: U.S. inflation edged up but investors aren’t fazed
Stuffing mix for sale for the Thanksgiving holiday in a grocery store in Encinitas, California, on Nov. 24, 2024. Mike Blake | Reuters This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like […]
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Why the U.S. is growing less food
The United States’ fruit and vegetable production, as well as the number of farms in the country, has been declining for decades while it increasingly relies on other countries to fill in the gap, according to the United States Department of Agriculture. “We have nearly a billion acres of farmland, we have a population of […]
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McDonald’s preparing a 2025 ‘McValue’ offering
A McDonald’s is seen in the Flatbush neighborhood in Brooklyn, New York City, on Oct. 23, 2024. Michael M. Santiago | Getty Images McDonald’s is preparing 2025 value offerings in a bid to hang onto customers who are fed up with high costs at restaurants. The company is working on a new “McValue” approach for […]
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What Trump’s return to the White House could mean for global bond yields
Former US President Donald Trump arrives during a “Get Out The Vote” rally in Greensboro, North Carolina, US, on Saturday, March 2, 2024. Bloomberg | Bloomberg | Getty Images Donald Trump’s U.S. election victory has ratcheted up concerns about higher prices, prompting strategists to rethink the outlook for global bond yields and currencies. It is […]
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How to protect your portfolio against risks tied to President-elect Trump’s tariff agenda
Money manager John Davi is positioning for challenges tied to President-elect Donald Trump’s tariff agenda. Davi said he worries the new administration’s policies could be “very inflationary,” so he thinks it is important to choose investments carefully. “Small-cap industrials make more sense than large-cap industrials,” the Astoria Portfolio Advisors CEO told CNBC’s “ETF Edge” this […]
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CNBC Daily Open: Powell’s comments gave investors a reality check
Jerome Powell, chairman of the US Federal Reserve, at Music Hall at Fair Park in Dallas, Texas, US, on Thursday, Nov. 14, 2024. Shelby Tauber| Bloomberg | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, […]
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Argentina’s Milei is a VIP at Mar-a-Lago as Trump, Musk embrace his attacks on government spending
President-elect Donald Trump and Argentina’s President Javier Milei at Mar-a-Lago on November 14, 2024 Courtesy presidential office of Argentina Self-described anarcho-capitalist President Javier Milei of Argentina became the first foreign leader to visit President-elect Donald Trump since he won a second term, arriving in Florida Thursday to attend a gala dinner at Trump’s Mar-a-Lago resort, […]
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CNBC Daily Open: Powell’s comments drag investors down to earth from postelection high
Jerome Powell, chairman of the US Federal Reserve, speaks during a conversation on the economic outlook at Music Hall at Fair Park in Dallas, Texas, US, on Thursday, Nov. 14, 2024. Shelby Tauber | Bloomberg | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors […]
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Powell says the Fed doesn’t need to be ‘in a hurry’ to reduce interest rates
Key Points Federal Reserve Chairman Jerome Powell said Thursday that strong U.S. economic growth will allow policymakers to take their time in deciding how far and how fast to lower interest rates. “The economy is not sending any signals that we need to be in a hurry to lower rates,” Powell said in Dallas. Source
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Wholesale prices rose 0.2% in October, in line with expectations
Customers shop at a Costco Wholesale store in Miami on Dec. 15, 2023. Joe Raedle | Getty Images News | Getty Images Wholesale prices nudged higher in October, though largely in line with expectations and mostly consistent with the Federal Reserve cutting interest rates again in December, the Bureau of Labor Statistics reported Thursday. The […]
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