Tag: Breaking News: Economy
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Property Play: Homeowners are sitting on record equity – and not using it
U.S. homeowners have more housing wealth than ever before, thanks to fast-rising home prices over the last several years. But they aren’t spending much of it.
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Gina Raimondo thinks AI ultimately will create jobs. It’s the initial mass layoffs wave that worries her
No one knows what AI will mean for jobs long-term, but the layoffs are likely to hit first without proper planning, says former US Commerce Sec. Gina Raimondo.
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Consumer optimism slides sharply as fears escalate over rising prices and jobs
The Conference Board’s Consumer Confidence Index tumbled to 81.9, a decline of 6.7 points and a reading well below the forecast for 89.
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Jamie Dimon has a plan to revive the West: A ‘big, beautiful’ deal with Europe
“Many of the current disputes between Europe and the U.S. are minor compared with this agreement’s size and benefits,” the JPMorgan boss wrote this week.
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America’s Canadian import restrictions come into force. Here are the products barred from entry
President Donald Trump says he expects Ottawa to concede to its demands on trade in the coming weeks, but Canadian officials insist they won’t sign a bad deal.
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OpenAI sparked Hugging Face bids with early investment offer ahead of Nvidia’s $13 billion deal
Hugging Face saw a flurry of deal interest before Nvidia agreed to buy the open-source platform for roughly $13 billion, CNBC has learned.
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Stocks making the biggest moves midday: MongoDB, Boeing, Kodiak Sciences, Roblox, Nvidia & more
Here are some of the companies making headlines in midday trading.
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U.S., China to lower tariffs on $60 billion of goods. Here’s what qualifies
The lists included U.S. imports of toys, sports equipment and Christmas decorations, while U.S. farm products appeared on the list of Chinese imports.
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China posts weakest industrial profit growth this year, expanding 4.2% in August
Economists expect Beijing to lean harder on stimulus to stabilize corporate profitability, as consolidation accelerates in sectors facing sluggish demand and fierce competition.
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CNBC Daily Open: The art of the deal-ish
Chinese president’s state visit to Washington appears to have produced more personal diplomacy than breakthroughs.
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