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Breaking News: Economy

Powell says Fed has made ‘quite a bit of progress’ on inflation but needs more confidence before cutting

by Adrian Jhonsan
Powell says Fed has made ‘quite a bit of progress’ on inflation but needs more confidence before cutting

U.S. Federal Reserve Bank Chair Jerome Powell announces that interest rates will remain unchanged during a news conference at the Federal Reserves’ William McChesney Martin building on June 12, 2024 …

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Categories World

Manhattan is ‘buyer’s market’ as real estate prices fall, inventory rises

by Monica Lozano
Manhattan is ‘buyer’s market’ as real estate prices fall, inventory rises

A sign advertising a home for sale is displayed outside of a Manhattan building in New York City on April 11, 2024. Spencer Platt | Getty Images Manhattan is becoming …

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Categories Travel

FATF removes Turkey from money laundering ‘gray list’

by Adrian Jhonsan
FATF removes Turkey from money laundering ‘gray list’

As the sunsets, a ferry boat glides across the waters of the Golden Horn with the Suleymaniye Mosque and the city of Istanbul, Turkey in the background.  Vw Pics | …

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Categories World

Fed and European Central Bank to cut rates in September, Morgan Stanley says

by Adrian Jhonsan
Fed and European Central Bank to cut rates in September, Morgan Stanley says

U.S. Federal Reserve Chair Jerome Powell delivers remarks during a press conference following the announcement that the Federal Reserve left interest rates unchanged, in Washington, U.S., June 12, 2024.  Evelyn …

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Categories World

Le Pen’s far-right National Rally election gains

by Adrian Jhonsan
Le Pen’s far-right National Rally election gains

Jordan Bardella, President of the National Rally (Rassemblement National), a French nationalist and right-wing populist party, speaks to over 5,000 supporters at his final rally ahead of the upcoming European …

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Categories World

Trade feuds aside, Chinese firms are committed to U.S. market: Survey

by Adrian Jhonsan
Trade feuds aside, Chinese firms are committed to U.S. market: Survey

GP: American flag and Chinese flag Matt Anderson Photography | Moment | Getty Images A recent survey of Chinese enterprises in the U.S. has found that a majority remain bullish …

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Categories World

Fed Governor Bowman says she’s still open to raising rates if inflation doesn’t improve

by Adrian Jhonsan
Fed Governor Bowman says she’s still open to raising rates if inflation doesn’t improve

Federal Reserve Governor Michelle Bowman said Tuesday the time is not right yet to start lowering interest rates, adding she would be open to raising if inflation doesn’t pull back. …

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Categories World

Recession risk remains low despite jump in unemployment rate, experts say

by Adrian Jhonsan
Recession risk remains low despite jump in unemployment rate, experts say

People walk past a restaurant, with a hiring sign outside, in Washington, D.C., on Oct. 5, 2023. Andrew Caballero-Reynolds | AFP | Getty Images The unemployment rate, which has remained …

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Categories World

Amazon, Starbucks look to stay competitive with different approaches to pricing

by Milton Acorn
Amazon, Starbucks look to stay competitive with different approaches to pricing

Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Wild …

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Categories Science

IMF chief says Europe looks like ‘an ideas supermarket’ for the U.S.

by Adrian Jhonsan
IMF chief says Europe looks like ‘an ideas supermarket’ for the U.S.

Kristalina Georgieva, chief executive officer of the World Bank Group, arrives to a briefing at the annual meetings of the International Monetary Fund (IMF) and World Bank in Washington, DC, …

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Categories World
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