Tag: Breaking News: Economy
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Bessent pushes back on Druckenmiller critique of bond intervention
Bessent, at a G20 finance meeting, told CNBC he spoke with Stanley Druckenmiller after his critical op-ed was published and that their conversation went “fine.”
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G20 finance meeting live updates: Bessent, Warsh to give remarks
This is CNBC’s live blog of the U.S. G20 finance ministerial in Asheville, North Carolina. Please check back for updates.
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India’s economy expands 7.8% in fiscal first quarter, beating estimates
The economy was driven by a strong performance in the financial, real estate, information technology and professional services sectors.
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U.S.-Iran escalation shows Washington’s frustration with slow-moving sanctions
Renewed hostilities reopen the question of whether the conflict is grinding toward a settlement or further escalation.
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China’s factory activity shrinks for second straight month, contracting less than expected
China’s manufacturing activity shrank for a second straight month, keeping pressure on Beijing to support the economy as growth loses momentum.
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Singapore tackles finances and culture to avert a demographic crisis
One challenge for policy makers is that success on many measures won’t show up immediately.
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What new tariff walls in U.S.-Canada trade war mean for the economy’s critical metals
When the U.S.-Canada trade war erupted, the market repriced metals and materials stocks and ETFs, but longer-term investors should be wary.
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K, C or E? Why economists can’t agree on the shape of today’s economy
Economists have long viewed the post-pandemic economy as “K”-shaped. That consensus has now evaporated.
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Stocks making the biggest moves midday: Amazon, Marvell, PayPal, Salesforce & more
Here are some of the companies making headlines in midday trading.
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Analysis: Kevin Warsh sharpens inflation warning at Jackson Hole, signaling possible rate hike
After confusing markets at his July press conference, Fed Chairman Kevin Warsh used Jackson Hole to give a clearer view of the case for higher interest rates.
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