Blackstone Executive Vice Chairman Tony James says he's less optimistic now than before that the U.S.-China trade war could be resolved, but even a smaller deal could help...World Economyread more
The massive market transformation this month that some on Wall Street called a "once in a decade opportunity" might have just been a one-off technical move because of taxes.Marketsread more
The Pentagon will deploy U.S. forces to the Middle East on the heels of the attack on Saudi Arabian oil facilities, United States Secretary of Defense Mark Esper announced...Defenseread more
CNBC did a deep dive through the most recent Wall Street research to find stocks that analysts say are underappreciated.Marketsread more
Shares of MasterCard are up 46% this year, and 1120% since 2011, getting a boost from the strong U.S. consumer.Investingread more
CNBC sat in on an "empathy training" at Amazon PillPack's Somerville offices, which is part of new hire orientation.Technologyread more
Trade with China is the 'big unknown' for the Federal Reserve as it decides how best to support the U.S. economy, says Council on Foreign Relations Director of International...Futures Nowread more
Lobbying experts said the visit is likely an attempt to be in lawmakers' ears as they consider legislation that would impact Facebook.Technologyread more
Yardeni Research's Edward Yardeni believes the U.S. economy is picking up steam.Trading Nationread more
Iran's audacious drone and cruise missile attack on Saudi Arabia's oil producing facilities has provided a critical test yet for the Trump administration's foreign policy. A...Politicsread more
The Bank of England is expected to cut interest rates and could unveil a new round of stimulus on Thursday, while cutting its economic forecasts for the U.K. weeks after the epoch-making Brexit vote.
Most economists now forecast that the Bank's rate-setting committee will cut interest rates to a new historic low of 0.25 percent, its first action on the base rate in more than seven years, when it cut to the current rate of 0.5 percent.
After all, last month, the Bank said "most members of the committee expect monetary policy to be loosened in August."
The forward-looking signs for the U.K. economy are pointing towards a difficult period, with the economy shrinking at its fastest rate since the 2008-09 financial crisis, according to the closely watched Purchasing Managers' Index short-term survey by financial data company Markit, which was released on Wednesday.
Many are also now speculating that there could be a new bond-buying program to help stimulate the U.K. economy, after a series of data points suggested that the country had slowed around the time of the historic referendum on European Union membership, which delivered a vote to leave that surprised many.
Attention will also focus on its latest inflation report, which is likely to downgrade the outlook for the post-referendum U.K. Inflation forecasts are set to rise following the notable weakening in sterling.
Mark Carney, the governor of the Bank of England, will need all his trademark caution to navigate the potentially stormy post-referendum waters.
"If the BoE does too little, say, just a rate cut, that would be insufficient to have any meaningful positive effect on demand and risks causing a knee-jerk re-pricing in financial markets. If the BoE does too much, it could spook households and markets into thinking the economy is in worse shape than it is. Coming out too hot could be worse than coming out too cold," Kallum Pickering, senior U.K. economist at Berenberg, wrote in a research note.
Carney was criticized by some on the leave side in the Brexit campaign for giving gloomy economic predictions about the U.K.'s future outside the European Union. He may use his flagship forward guidance policy tomorrow to indicate that the Bank could join its counterparts at the European Central Bank and Bank of Japan in negative interest rates.
The National Institute of Economic and Social Research, a U.K. think tank, called for a "sledgehammer" from policymakers on Wednesday, as it warned that there was a 50-50 chance of a U.K. recession in the next 18 months.
The current extraordinary monetary policies employed by central banks now seem set to continue, despite indications over the past year that they might start returning to more normal policy.
'"Global QE (quantitative easing)" will probably be as large in the coming twelve months as it has been at any time since the financial crisis," Andrew Kenningham, global economist at Capital Economics, wrote in a research note Wednesday.