U.S. Economy
The next U.S. president could inherit a booming economy. That’s a daunting challenge.
Republican presidential nominee and former U.S. President Donald Trump holds a campaign rally at Macomb Community College in Warren, Michigan, U.S., November 1, 2024 (L), and Democratic presidential nominee U.S. Vice President Kamala Harris speaks during a campaign event in Atlanta, Georgia, U.S., October 19, 2024. Reuters A flurry of remarkably good economic news over […]
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10-year Treasury yield rises above 4.3% as traders ignore noisy jobs report
The yield on the 10-year Treasury rose as traders downplayed October jobs data showing meager job growth that was hurt by hurricanes and striking workers, and was far below what Wall Street was expecting. The 10-year Treasury yield jumped nearly 10 basis points at 4.382%. The 2-year Treasury yield was higher by 5 basis points […]
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Franklin Templeton CEO says focus is on ‘doing what’s right’ for clients amid SEC probe
Jenny Johnson, Franklin Templeton President & CEO, speaking at the Delivering Alpha conference in NYC on Sept. 28th, 2023. Adam Jeffery | CNBC RIYADH — Franklin Templeton CEO Jenny Johnson said the firm is focused on doing right by its clients, in her first public comments after the company saw its worst quarter for financial […]
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U.S. election won’t be an ‘uneventful event’ for global markets, UBS chief says
Sergio Ermotti, chief executive officer of UBS Group Stefan Wermuth | Bloomberg | Getty Images The outcome of upcoming elections in the world’s leading economy is set to ripple into global markets no matter who clinches leadership of the White House, UBS head Sergio Ermotti told CNBC on Wednesday. “The outlook for the fourth quarter […]
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Morgan Stanley CEO says the era of zero interest rates and inflation ‘is over’
Ted Pick, co-president of Morgan Stanley, speaks during a Bloomberg Television interview in New York, US, on Thursday, Oct. 26, 2023. Jeenah Moon | Bloomberg | Getty Images RIYADH — The days of easy money and zero interest rates are firmly in the past, Morgan Stanley CEO Ted Pick said Tuesday, speaking at a panel […]
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Larry Fink says the Fed won’t cut interest rates as much as markets expect this year
Andrew Ross Sorkin speaks with BlackRock CEO Larry Fink during the New York Times DealBook Summit in the Appel Room at the Jazz at Lincoln Center in New York City on Nov. 30, 2022. Michael M. Santiago | Getty Images The U.S. Federal Reserve won’t cut interest rates as much as markets expect because “embedded […]
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Trump headlines Madison Square Garden rally after vulgar, racist remarks from allies
Republican presidential nominee and former U.S. President Donald Trump speaks during a rally at Madison Square Garden, in New York, U.S., October 27, 2024. Andrew Kelly | Reuters Republican presidential candidate Donald Trump headlined a rally at New York’s Madison Square Garden on Sunday that began with a series of vulgar and racist remarks by allies of the former president. Trump, a New York celebrity for decades, hoped to use the […]
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German finance minister warns of retaliation if U.S. kicks off trade war
Christian Lindner, Germany’s finance minister, during a meeting Janet Yellen, US treasury secretary, not pictured, at the annual meetings of the IMF and World Bank in Washington, DC, US, on Thursday, Oct. 24, 2024. Ting Shen | Bloomberg | Getty Images German Finance Minister Christian Lindner on Friday warned that if the U.S. kicked off […]
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‘Made in Mexico’ trade controversy is provoking another kind of border war
Mexico’s robust, and booming, trade with the United States has logistics companies clamoring for a slice of the pie and politicians taking a cautious look at how overseas firms may be using recent North American trade law to circumvent U.S. tariffs. Integrated logistics companies like Maersk are building out their capacity to handle the historic […]
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‘Higher prices, larger deficits’: 23 Nobel Prize-winning economists slam Trump agenda, endorse Harris
Former President Donald Trump (L), and Vice President Kamal Harris Reuters Twenty-three Nobel Prize-winning economists endorsed Vice President Kamala Harris over former President Donald Trump in a joint letter released Wednesday. The nearly two dozen economists said Trump’s economic agenda, which includes hardline tariff proposals and a slate of aggressive tax cuts, would “lead to […]
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