Stocks surged after President Donald Trump said he will be meeting with his Chinese counterpart, Xi Jinping, at the upcoming G-20 summit.US Marketsread more
In a tweet, Trump said that he and Xi "had a very good telephone conversation," and that "our respective teams will begin talks prior to our meeting."Politicsread more
Trump starts the campaign season in an unusual spot for a president: overseeing a strong economy but facing low approval ratings.Politicsread more
The move is part of a larger trend that saw the survey's 179 participants move away from risk and toward positions that reflect fear of a coming economic slowdown spurred by a...Marketsread more
Trump went after Draghi for opening the door for more monetary stimulus in Europe, which would weaken the euro relative to the dollar.Marketsread more
Shares of Beyond Meat soared 18% in premarket trading Tuesday, surpassing $200 per share.Food & Beverageread more
UBS believes a rate cut from the Federal Reserve would do little to lift the market.Marketsread more
Now that Disney has full control of Hulu, audiences can expect more original programming to appear on the streaming service.Entertainmentread more
Investors bracing themselves for lower Federal Reserve rates should think about loading up on health care stocks, history shows.Marketsread more
Klaus Regling, the managing director of the European Stability Mechanism, said stellar euro zone growth in 2017 could not be sustained and believes it was inevitable that economies would stall as central banks began to normalize policy.
"We will not see in the next two, three years the growth rates of 2017. It's quite OK to say that the best is over, but it doesn't mean that there is a crisis," he told CNBC's Joumanna Bercetche in Washington, D.C., on Thursday.
The European Stability Mechanism, or ESM, is a crisis resolution mechanism set up for euro area countries and generates money by selling bonds in the global financial markets. Following the euro zone sovereign debt crisis of 2011 it became an integral part of the system as bailouts were dealt out to ailing economies.
However, Regling doesn't believe there could be any further crisis in the coming years, despite a recent downtick in growth for both the euro zone and the wider world.
"I am not surprised that growth is coming down because in 2017 the growth rate in the euro area was almost twice the potential growth rate, that could not continue very long," he said, adding that the output gap — the amount by which the actual output of an economy falls short of its potential output — had been closed during this recovery.
The European Central Bank (ECB) pumped trillions of euros into the economy in the past few years to boost inflation and promote growth. But despite winding down its bond-buying program in December it has shied away from any rate hikes after disappointing economic data.
Regling underlined that temporary factors could be at play for Germany's recent weakness. Economists have highlighted new regulations for its autos sector and a knock-on effect from the U.S.-China trade war.
On Tuesday, the International Monetary Fund again reduced its global economic growth forecast for 2019, citing risks like increasing trade tensions and tighter monetary policy by the Federal Reserve.