U.S. Economy
Harris edges out Trump on who voters trust more with the economy, new poll finds
U.S. Vice President and Democratic presidential candidate Kamala Harris speaks at her campaign headquarters in Wilmington, Delaware, on July 22, 2024. Harris on Monday compared her election rival Donald Trump to “predators” and “cheaters,” as she attacked the first former U.S. leader to be convicted of a crime. Erin Schaff | Afp | Getty Images […]
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10-year Treasury yield dips as traders weigh state of U.S. economy after latest data
U.S. Treasury yields were lower Friday as investors continued to assess the state of the U.S. economy after labor data buoyed sentiment. The yield on the 10-year Treasury was around 6 basis points lower at 3.938% at 8:57 a.m. ET, nonetheless holding near the level it was at last week before a weak U.S. jobs report helped trigger […]
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CNBC Daily Open: Wall Street rebound fizzles out
A trader works on the floor of the New York Stock Exchange. NYSE 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 what you see? You can subscribe here. What you need to […]
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CNBC Daily Open: Wall Street rebound fizzles out
Traders work on the floor of the New York Stock Exchange during morning trading on August 06, 2024 in New York City. Michael M. Santiago | 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, no […]
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Why ‘wardrobing’ retail fraud soars in the summer
A particular type of retail fraud soars during the summer season. “Wardrobing,” in which a shopper buys an expensive item, wears it with the tags on, and then returns the product for a refund, picks up as shoppers bolster their closets for summer vacations, according to returns management software company Optoro. “During the summer and […]
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A ‘soft landing’ is still on the table, economists say
Key Points A weaker-than-expected jobs report on Friday fueled fears of a U.S. recession. An increase in the national unemployment rate triggered the “Sahm rule” in July, suggesting the U.S. is in a downturn. While there are causes for concern, data suggest the overall economy remains resilient, economists said. Source
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CNBC Daily Open: Market correction may not be over yet
Traders work on the floor of the New York Stock Exchange during morning trading on August 06, 2024 in New York City. Michael M. Santiago | 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, no […]
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Sahm rule creator doesn’t think that the Fed needs an emergency rate cut
Key Points Sahm was the economist who introduced the so-called Sahm rule in 2019. It states that the initial phase of a recession has started when the three-month moving average of the U.S. unemployment rate is at least half a percentage point higher than the 12-month low. Source
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Trump quiet on markets after stock rebound robs him of ‘Kamala Crash’ attack line
After using the market’s global sell-off as an opportunity to attack Vice President Kamala Harris, former President Donald Trump and his Republican allies were noticeably quieter Tuesday, as stocks gained back some of their losses. The S&P 500 closed just over 1% higher on Tuesday, while the Dow Jones Industrial Average was up nearly 300 […]
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10-year Treasury yield rebounds after hitting its lowest level in more than a year
Treasury yields bounced back on Tuesday as investors closely monitored a reversal of the previous day’s global market sell-off. The yield on the benchmark 10-year Treasury note traded more than 7 basis points higher at 3.855% at 7:08 a.m. ET. It comes after the yield on the 10-year Treasury note on Monday fell to its […]
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