Tag: Breaking News: Economy
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Tanker struck in Hormuz, raising worries over escalation, as Trump vows to hit Iran ‘hard’
Iran launched an attack on two American bases in Jordan on Monday in retaliation for the U.S. attack on its Larak Island.
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Venezuela grants U.S.-backed NABEP 100-year concessions for 17 oil fields, White House says
Venezuelan interim authorities have granted North American Blue Energy Partners 100-year concessions for 17 oil fields, White House says.
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Trump says U.S. growth could hit 20%. It’s happened only once since WWII
Trump argued rapid growth should not prompt Fed rate hikes, even as inflation remains above the central bank’s 2% target.
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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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