Economy
US Economy
featured
Many investors who manage more than $1 million in brokerage accounts are resigned to the fact that stocks will not end this quarter with gains. » Read More
By: Jeff Cox
The central banker expected to be the next head of the New York Fed doesn't think much of bitcoin and other cryptocurrencies. "Cryptocurrency doesn't pass the basic test of what a currency should be," John Williams said. » Read More |
By: Jeff Cox
A sea change in economic conditions has pushed interest rates considerably lower than they were in the past and are likely to stay there for a while, San Francisco Fed President John Williams said Friday. » Read More |
By: Jeff Cox
President Trump lied his way onto the Forbes list of richest Americans and used a fake persona to do so, according to a former writer for the magazine. » Read More |
More
As a trade war with the United States looms, a government decision to accelerate the development of the domestic chip industry underlines how far those goals have fallen short.
Stocks dropped on Friday as a decline in Apple pushed the technology sector lower. A rise in interest rates also kept a lid on equities.
-
At World Mobile World Congress in Barcelona, Spain, Yang Chaobin, Huawei 5G Product Line, unveiled a range of 3GPP-compliant 5G product solutions.
The yield on the 10-year Treasury note hit 2.96 percent Friday, hitting its highest level since Jan. 10, 2014.
As 4.20 comes around, MedMen's Adam Bierman takes stock of three milestones that mark a tipping point for legal weed.
Hopes are continuing to dim for breakout first-quarter growth, as economists continue to scale back expectations. Barclays became the latest to capitulate, as it slashed its Q1 estimate for gross domestic product from 2.5 percent all the way to 1.5 percent.
The U.S. economy is firing on all cylinders, yet 75 percent of ultra-high net worth investors predict it will hit recession by 2020, a J.P. Morgan survey found.
U.S. stocks fell on Thursday after a major Asian chipmaker delivered a disappointing forecast which dragged the technology sector lower.
-
The yield on the 10-year Treasury note climbed over 2.9 percent on Thursday as long-term debt rates added to their weekly gains.
Uncertainties surrounding trade and the federal budget will be the main challenges to Federal Reserve policymakers, outgoing New York Fed President William Dudley said Wednesday. As he prepares to leave his position in June, Dudley said in a speech that he feels confident that the policymaking Federal Open Market Committee is close to its objective of full employment and price stability.
Stocks rose slightly on Wednesday as some of the biggest U.S. companies reported strong quarterly results, lifting investor sentiment.
U.S. government debt yields rose on Wednesday, with short-term rates floating near multiyear highs.
The U.S. Federal Reserve is set to increase interest rates throughout 2018 and this is going to support equity markets, according to J.P. Morgan Asset Management's latest quarterly markets outlook.
TPP members may not have an appetite to re-open the deal for renegotiation, said Tommy Koh, ambassador-at-large at Singapore's Ministry of Foreign Affairs.
Bon-Ton Stores, a bankrupt department store chain, will begin a going-out-of-business sale at its 200 U.S. locations in the coming days after two liquidators won an auction for the company, two sources told Reuters.
With inflation still kept at pay, interest rates can go up in a gradual manner without causing the economy to overheat, Chicago Fed President Charles Evans said. The central bank official said that both inflation readings and expectations remain low.
Contact US Economy
-
CNBC NEWSLETTERS
Get the best of CNBC in your inbox
Get these newsletters delivered to your inbox, and more info about about our products and service. Privacy Policy.▲