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Breaking News: Economy

Switzerland makes second interest rate cut as major economies diverge

by Adrian Jhonsan
Switzerland makes second interest rate cut as major economies diverge

A view of the headquarters of the Swiss National Bank (SNB), before a press conference in Zurich, Switzerland, March 21, 2024.  Denis Balibouse | Reuters The Swiss National Bank on …

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A ‘radically inclusive’ outdoor space for LGBTQ+ and people of color

by Adrian Jhonsan
A ‘radically inclusive’ outdoor space for LGBTQ+ and people of color

Participants during the snowboarding activity with the Hoods to Woods Foundation at Big Snow American Dream in East Rutherford, New Jersey on June 13, 2024. Danielle DeVries | CNBC EAST …

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EU to challenge U.S., China strategically on trade, Vestager says

by Adrian Jhonsan
EU to challenge U.S., China strategically on trade, Vestager says

Executive Vice President of the European Commission for A Europe Fit for the Digital Age Margrethe Vestager talks to media in the Berlaymont, the EU Commission headquarter on May 23, …

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Economist Sahm, who devised recession rule, says the Fed is ‘playing with fire’

by Adrian Jhonsan
Economist Sahm, who devised recession rule, says the Fed is ‘playing with fire’

Economist Claudia Sahm on CNBC’s The Exchange. CNBC The Federal Reserve is risking tipping the economy into contraction by not cutting interest rates now, according to the author of a …

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May retail sales rise 0.1%

by Adrian Jhonsan
May retail sales rise 0.1%

A worker assists with checkout at a Costco store in Teterboro, New Jersey, on Feb. 28, 2024. Stephanie Keith | Bloomberg | Getty Images Retail spending was weaker than expected …

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Taylor Swift’s London Eras Tour could delay Bank of England rate cut

by Adrian Jhonsan
Taylor Swift’s London Eras Tour could delay Bank of England rate cut

Taylor Swift performs on stage during during “Taylor Swift | The Eras Tour” at Anfield on June 13, 2024 in Liverpool, England. Gareth Cattermole/tas24 | Getty Images Entertainment | Getty …

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Asia sending new inflation to US just as economy, Fed get price relief

by Adrian Jhonsan
Asia sending new inflation to US just as economy, Fed get price relief

Joe Giddens – Pa Images | Pa Images | Getty Images Just as the Federal Reserve and U.S. economy get good news on inflation, with consumer prices and wholesale prices …

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Wholesale prices unexpectedly fell 0.2% in May

by Adrian Jhonsan
Wholesale prices unexpectedly fell 0.2% in May

A measure of wholesale prices unexpectedly decreased in May, adding another piece of evidence that inflation is pulling back. The producer price index, a gauge of prices that producers get …

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Treasury Secretary Yellen says U.S. debt load is in ‘reasonable place’ if it remains at this level

by Adrian Jhonsan
Treasury Secretary Yellen says U.S. debt load is in ‘reasonable place’ if it remains at this level

Treasury Secretary Janet Yellen on Thursday said the swelling national debt is manageable as long as it stays around where it is relative to the rest of the economy. In …

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Federal interest rate sees no change

by Adrian Jhonsan
Federal interest rate sees no change

The Federal Reserve on Wednesday kept its key interest rate unchanged and signaled that just one cut is expected before the end of the year. With markets hoping for a …

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