Tag: Breaking News: Economy
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Fed’s preferred inflation gauge shows core prices rose 3.3% annually in July
The personal consumption expenditures price index was expected to rise 0.1% monthly and 3.6% on a 12-month basis, according to economists surveyed by Dow Jones.
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Trump’s Saudi nuclear deal reaches Congress as experts warn of proliferation risk
Some Democratic lawmakers and nonproliferation advocates have criticized the pact for not including a permanent prohibition on enrichment or reprocessing.
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Investor competition for commercial real estate sees strongest growth in a year
Even though macro uncertainty and volatility continue to show up in the broader economy, bidding keeps rising, according to JLL.
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Canada poised to retaliate against Trump tariffs: ‘We’re not waiting by the phone’
Canadian trade negotiators left the U.S. last week after failing to clinch a trade deal that would stop President Donald Trump’s new tariffs from taking effect.
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China needs U.S. dollars but is building a hedge against Washington’s sanctions
The U.S. can pressure Chinese banks over Iran through access to its financial system, while Beijing is building alternatives such as CIPS.
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Treasury yields steady as traders await more economic data
Treasury yields steadied on Tuesday as investors await more data releases for insights into the U.S. economic picture.
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CNBC Daily Open: Washington escalates on two fronts; Nvidia earnings in focus
Markets are bracing for more tests this week, including Nvidia’s earnings, an inflation reading, and the Fed’s Jackson Hole symposium.
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Trump admin unveils anti-Iran global sanctions plan, signals China not exempt
The Trump administration unveiled a plan to isolate Iran’s economy by threatening to impose secondary sanctions on the Islamic Republic’s “enablers.”
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Stocks making the biggest moves midday: Expedia, Nvidia, Strategy, Hims & Hers and more
Here are the companies making headlines in midday trading.
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Trump says U.S. will hike Canada auto tariffs to 50% as trade war escalates
President Donald Trump said the U.S. will raise tariffs on imports of cars, trucks and auto parts from Canada to 50% on Jan. 1, 2027
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