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 NEWS: CNBC ECONOMY
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   NEWS: CNBC ECONOMY
CNBC Economy
Dec 08, 2023

The runway is getting clearer, but the U.S. economy still isn't assured of a soft landing
There's nothing about a 3.7% unemployment rate and another 199,000 jobs that even whispers "recession" let alone screams it.

CNBC Economy
Dec 08, 2023

Unemployment among Asian workers and Black men rises in November while the overall rate declines
The unemployment rate for Asian workers and Black men rose in November, while the overall U.S.'s declined.

CNBC Economy
Dec 08, 2023

Here's where the jobs are for November 2023 — in one chart
Health care and government hiring led the way in November.

CNBC Economy
Dec 08, 2023

U.S. payrolls rose 199,000 in November, unemployment rate falls to 3.7%
Nonfarm payrolls were expected to increase by 190,000 in November, according to the Dow Jones consensus estimate.

CNBC Economy
Dec 08, 2023

China vows to 'moderately' strengthen fiscal policy to bolster economic recovery
China's Politburo said Friday that it would continue to implement "proactive" fiscal policies and "prudent" monetary policies next year.

CNBC Economy
Dec 08, 2023

'Excess profits' at big energy and consumer companies pushed up inflation, report claims
The report identified Shell, Exxon Mobil, Glencore and Kraft Heinz as among the firms that saw profits "far outpace" inflation.

CNBC Economy
Dec 07, 2023

Here's what the market will be looking for in Friday's key jobs report
Economists expect the Labor Department to report that nonfarm payrolls expanded by 190,000 last month, up from 150,000 in October.

CNBC Economy
Dec 07, 2023

China's economy has a 'steep hill to climb' despite positive export surprise, HSBC says
The Chinese economy still has a "steep hill to climb" despite a surprise pickup in exports and is unlikely to be bolstered by further fiscal stimulus, according to HSBC's chief Asia economist.

CNBC Economy
Dec 06, 2023

Private payrolls increased by 103,000 in November, below expectations, ADP says
Private sector job creation slowed further in November and wages showed their smallest growth in more than two years, ADP reported.

CNBC Economy
Dec 06, 2023

Bank of England warns that higher rates 'have yet to come through' to an already weak economy
The Bank of England warned on Wednesday warned that although household finances are faring better than expected, higher borrowing costs have yet to feed through to the economy.

CNBC Economy
Dec 06, 2023

Saudi Arabia offers 30-year tax relief plan to lure regional corporate HQs
The announcement is the latest move in Saudi Arabia's aggressive campaign to attract international investment and headcount to the kingdom.

CNBC Economy
Dec 06, 2023

U.S. consumers will soon wake up to ‘out of control' interest on their credit cards, economist says
Real incomes are not rising enough to cover the increase in debt burdens, according to Carl Weinberg.

CNBC Economy
Dec 05, 2023

Job openings slide to 8.7 million in October, well below estimate, to lowest level since March 2021
Employment openings totaled 8.73 million for the month, a decline of 617,000, or 6.6%, the Labor Department reported Tuesday.

CNBC Economy
Nov 30, 2023

Fed's favorite gauge shows inflation rose 0.2% in October and 3.5% from a year ago, as expected
The personal consumption expenditures price index was expected to increase 0.2% in October on a monthly basis and 3.5% from a year ago.

CNBC Economy
Nov 29, 2023

Here's what it would take for the Fed to start slashing interest rates in 2024
Interest rate cuts don't happen during good times, something important for markets to remember.

CNBC Economy
Nov 29, 2023

U.S. GDP grew at a 5.2% rate in the third quarter, even stronger than first indicated
The acceleration topped the initial 4.9% reading and was better than the 5% Dow Jones forecast.

CNBC Economy
Nov 29, 2023

Former Trump advisor says the U.S. economy is 'back to normal,' but markets may be jumping the gun on rate cuts
The market is getting ahead of the likely pace of U.S. interest rate cuts, according to IBM Vice Chairman Gary Cohn.

CNBC Economy
Nov 29, 2023

Market vulnerabilities and a possible U.S. recession: Strategists give their cautious predictions for 2024
Central banks having hiked interest rates at breakneck speed and those rates are set to stay higher for longer while the lagged effects set in.

CNBC Economy
Nov 29, 2023

Former Trump advisor says the U.S. economy is 'back to normal,' but markets may be jumping the gun on rate hikes
The market is getting ahead of the likely pace of U.S. interest rate cuts, according to IBM Vice Chairman Gary Cohn.

CNBC Economy
Nov 28, 2023

Fed's Waller expresses confidence that policy is in the right place to bring down inflation
He pointed out a variety of areas where progress has been made, suggesting the Fed at least won't need to hike rates further from here.

CNBC Economy
Nov 21, 2023

'Funflation' drives sporting event ticket prices up a whopping 25%
The price of attending sporting events rose 25.1% from October 2022 to October 2023, according to government data.

CNBC Economy
Nov 21, 2023

Geopolitical instability and a packed election calendar have strategists wary of 2024
Geopolitical risks will be the key threat to the economic outlook for 2024, as large-scale wars converge with elections across major global powers.

CNBC Economy
Nov 17, 2023

Ray Dalio says U.S. reaching an inflection point where the debt problem quickly gets even worse
Soaring U.S. government debt is reaching a point where it will begin creating larger problems, the hedge fund titan said Friday.

CNBC Economy
Nov 15, 2023

The market thinks the Fed is going to start cutting rates aggressively. Investors could be in for a letdown
Markets may be at least a tad optimistic, particularly considering the cautious approach central bank officials have taken.

CNBC Economy
Nov 15, 2023

Wholesale prices fell 0.5% in October for biggest monthly drop since April 2020
Topic: Brad's RantRecently online is a new podcast interview with me from a Podcast called "Get Yourself Optimized"

We went over a lot of different topics that are interesting:

History of ClariNet and rec.humor.funny and internet censorship EFF I defend materialism -- the podcast host is fairly spiritual so we have a lot of friendly but direct banter on it

Data rights and privacy and the risks of cloud computing vs. desktop

How people manipulate you online (with advertising or even with subscription) Of course some self driving cars There is a transcript at the link, but it's "too smart" and has quite a few errors which make some things say the opposite of what was said, so you might want to double check the actual audio on them.



CNBC Economy
Nov 14, 2023

Inflation was flat in October from the prior month, core CPI hits two-year low
The CPI, which measures a broad basket of commonly used goods and services, increased 3.2% from a year ago despite being unchanged for the month.

CNBC Economy
Nov 14, 2023

UBS sees a raft of Fed rate cuts next year on the back of a U.S. recession
UBS expects the U.S. Federal Reserve to cut interest rates by 275 basis points in 2024, almost four times the market consensus.

CNBC Economy
Nov 13, 2023

Consumer spending fell in October, according to new CNBC/NRF Retail Monitor tracking card transactions
The new Retail Monitor, debuting Monday, is a joint product of CNBC and the National Retail Federation based on real card data from Affinity Solutions.

CNBC Economy
Nov 07, 2023

Fed's Goolsbee says 'golden path' of a huge drop in inflation without a recession is still possible
Chicago Fed President Austan Goolsbee said a soft landing is still on the table as the Fed seeks to combat inflation without hurting the economy significantly.

CNBC Economy
Nov 07, 2023

Central banks look to have hit peak rates. Here's how markets think they'll come down
The world's major central banks paused their interest rate hiking cycles in recent weeks and markets are turning their attention to the first round of cuts.

CNBC Economy
Nov 03, 2023

Bad news for the economy is good news for the stock market ... as long as it doesn't get too bad
Bad news is good news, as long as it isn't too bad.

CNBC Economy
Nov 03, 2023

Here's where the jobs are for October 2023 — in one chart
Hiring in health care and government were two bright spots in a relatively weak October jobs report.

CNBC Economy
Nov 03, 2023

Bad news for the economy is good news for the stock market... as long as it doesn't get too bad
Bad news is good news, as long as it isn't too bad.

CNBC Economy
Nov 03, 2023

Unemployment among Hispanic workers rises at faster pace in October than overall rate
The labor market showed deterioration for Hispanic workers, whose unemployment rate rose more than average in October.

CNBC Economy
Nov 03, 2023

U.S. payrolls increased by 150,000 in October, less than expected
Nonfarm payrolls were expected to grow by 170,000 in October, according to a Dow Jones consensus estimate.

CNBC Economy
Nov 03, 2023

Goldman Sachs says the Israel-Hamas war could have major implications for Europe's economy
The Israel-Hamas war could significantly impact economic growth and inflation in the euro zone unless energy prices remain contained, Goldman Sachs says.

CNBC Economy
Nov 02, 2023

Here's what to watch in Friday's big October jobs report
Economists surveyed by Dow Jones are expecting jobs growth of just 170,000 in October, down from 336,000 the previous month.

CNBC Economy
Nov 02, 2023

Labor costs show surprise decline in the third quarter
Unit labor costs, a measure of hourly compensation against productivity, fell 0.8% for the July-through-September period.

CNBC Economy
Nov 01, 2023

Private sector payrolls rose 113,000 in October, less than expected, ADP says
ADP reported that companies added 113,000 workers for the month, higher than the 89,000 in September but below the estimate of 130,000.

CNBC Economy
Oct 31, 2023

Here's everything to expect from the Fed's policy announcement Wednesday
The Fed meeting will conclude with the central bank not doing a whole lot of anything — just the way the market wants things for now.

CNBC Economy
Oct 30, 2023

Treasury to borrow $776 billion in the final three months of the year
Officials attributed the lower borrowing needs to higher receipts, which were offset somewhat by greater expenses.

CNBC Economy
Oct 30, 2023

The escalating Israel-Hamas conflict raises risks of global market contagion, economist says
As the Israel-Hamas conflict further intensifies, the risks to the global economy are growing, economist Mohamed el-Erian said Monday.

CNBC Economy
Oct 27, 2023

Achieving the 'American dream?' A lot of it depends on where you grow up
Intergenerational mobility is falling in the U.S. — and when and where a child grows up can determine their future income.

CNBC Economy
Oct 27, 2023

Key Fed inflation gauge rose 0.3% as expected in September; spending tops estimate
The core personal consumption expenditures price index was expected to increase 0.3% in September.

CNBC Economy
Oct 27, 2023

Global bond rout looks 'tremendously dangerous' for stocks, hedge fund manager warns
An intensifying bond rout is creating a "tremendously dangerous" outlook for global equities, according to Livermore Partners' CIO.

CNBC Economy
Oct 26, 2023

Tech stocks suffer two-day selloff as investors find 'wrinkle or two' in Alphabet, Meta earnings
Despite better-than-expected results from Alphabet and Meta, investors dumped the stocks and rest of the tech sector over the past two days

CNBC Economy
Oct 26, 2023

U.S. GDP grew at a 4.9% annual pace in the third quarter, better than expected
GDP was expected to increase at a 4.7% annualized pace in the third quarter, according to a Dow Jones consensus estimate.

CNBC Economy
Oct 26, 2023

European Central Bank holds interest rates steady after 10 consecutive hikes
The ECB ended its record run of rate hikes despite new upside risks to inflation.

CNBC Economy
Oct 26, 2023

U.S. and China commercial property markets face headwinds but UOB is optimistic on Southeast Asia
Lee Wai Fai said the world is heading into a more "uncertain environment" and the impact of higher-for-longer interest rates is starting to filter through.

CNBC Economy
Oct 25, 2023

The economy probably showed gangbuster growth in the third quarter. But will it last?
Gross domestic product, or the sum of all goods and services produced in the U.S. economy, is expected to post a 4.7% annualized gain for the third quarter.

CNBC Economy
Oct 25, 2023

Peace talks in the Middle East will take time to resume, World Bank chief says
The president of the World Bank said Tuesday that it will be some time before progress toward a more peaceful Middle East can resume in earnest.

CNBC Economy
Oct 25, 2023

IMF chief says Israel-Hamas war is a new cloud on the world's economic horizon
The head of the IMF on Wednesday dubbed the worsening Israel-Hamas conflict as another cloud on the horizon of an already gloomy economic outlook.

CNBC Economy
Oct 24, 2023

Jamie Dimon rips central banks for being ‘100% dead wrong' on economic forecasts
"Prepare for possibilities and probabilities, not calling one course of action, since I've never seen anyone call it," Dimon said in Saudi Arabia.

CNBC Economy
Oct 24, 2023

Jamie Dimon rips central banks for being '100% dead wrong' on economic forecasts
"Prepare for possibilities and probabilities, not calling one course of action, since I've never seen anyone call it," Dimon said in Saudi Arabia.

CNBC Economy
Oct 20, 2023

U.S. wraps up fiscal year with a budget deficit near $1.7 trillion, up 23%
The U.S. ended up with an imbalance of $1.695 trillion, up about $320 billion, or 23.2%, from fiscal 2022.

CNBC Economy
Oct 20, 2023

Fed's Raphael Bostic doesn't foresee rate cuts coming until 'late 2024'
The central bank official told CNBC that there's still a lot of work to be done before the Fed reaches its inflation goal of 2% annually.

CNBC Economy
Oct 18, 2023

Remittances to Mexico near a record but 'super peso' crimps spending power
The appreciation of the Mexican peso and increase in living costs at home pinch households receiving money from abroad.

CNBC Economy
Oct 17, 2023

Retail sales rose 0.7% in September, much stronger than estimate
The advanced retail sales report for September was expected to show a gain of 0.3%, according to a Dow Jones estimate.

CNBC Economy
Oct 16, 2023

U.S. can 'certainly' afford military support to both Israel and Ukraine, Janet Yellen says
U.S. Treasury Secretary Janet Yellen says the country can "absolutely" afford to financially support both Israel and Ukraine in their respective war efforts.

CNBC Economy
Oct 13, 2023

Philadelphia Fed President Harker advocates holding interest rates 'where they are'
Harker said the Fed has made progress in bringing down prices without causing a surge in unemployment or otherwise tanking the economy.

CNBC Economy
Oct 13, 2023

JPMorgan Chase CEO Jamie Dimon warns this is 'the most dangerous time' for the world in decades
The head of the larges U.S. bank by assets cited the ongoing war in Ukraine as well as the attacks Hamas launched on Israel last weekend.

CNBC Economy
Oct 12, 2023

Getting to 2% inflation won't be easy. This is what will need to happen, and it might not be pretty
In theory, getting inflation closer to the Fed's target doesn't sound terribly difficult. In practice, it could be a different story.

CNBC Economy
Oct 12, 2023

Consumer prices rose 0.4% in September, more than expected
The consumer price index was expected to increase 0.3% in September, according to a Dow Jones consensus estimate.

CNBC Economy
Oct 11, 2023

Already a humanitarian crisis, war with Hamas could have major impact on Israel's economy
Israel's armed forces called up more than 300,000 reservists, removing a significant part of the nation's workforce from the economy.

CNBC Economy
Oct 11, 2023

Wholesale inflation rose 0.5% in September, more than expected
The producer price index was expected to show a 0.3% increase in September, according to the Dow Jones consensus estimate.

CNBC Economy
Oct 10, 2023

Housing industry urges Powell to stop raising interest rates or risk an economic hard landing
Officials voiced their worries about the direction of monetary policy and the impact it is having on the beleaguered real estate market.

CNBC Economy
Oct 10, 2023

IMF hikes U.S. growth forecast for 2023, leaves global outlook unchanged
The U.S. has seen stronger business investment in the second quarter and resilient consumption growth amid a tight labor market, the IMF said.

CNBC Economy
Oct 10, 2023

International Monetary Fund raises U.S. growth forecast for 2023, leaves global outlook unchanged
The U.S. has seen stronger business investment in the second quarter and resilient consumption growth amid a tight labor market, the IMF said.

CNBC Economy
Oct 07, 2023

Even as job creation surges, Americans still think the economy stinks. Here's why
Inflation is headed lower in terms of its annual pace but is still far higher than most people can stand.

CNBC Economy
Oct 06, 2023

Hispanic unemployment rate declines in September
The U.S. unemployment rate held steady in September, but ticked down among Hispanic workers, data from the U.S. Labor Department revealed Friday.

CNBC Economy
Oct 06, 2023

Here's where the jobs are for September 2023 — in one chart
Leisure and hospitality was the strongest sector for job growth in September, while information lost jobs.

CNBC Economy
Oct 06, 2023

Payrolls soared by 336,000 in September, defying expectations for a hiring slowdown
Nonfarm payrolls were expected to increase by 170,000 in September, according to the Dow Jones consensus estimate.

CNBC Economy
Oct 06, 2023

Payrolls increased by 336,000 in September, much more than expected
Nonfarm payrolls were expected to increase by 170,000 in September, according to the Dow Jones consensus estimate.

CNBC Economy
Oct 06, 2023

Inflation is 'always going to be a risk' with the U.S. economy now fundamentally changed, ADP chief economist says
Inflation is "always going to be a risk" in the U.S. due to structural changes in the labor market, according to Nela Richardson, chief economist at payroll processing firm ADP.

CNBC Economy
Oct 05, 2023

Here's what you need to know about the big jobs report Friday
A strong jobs market could equal a weak stock market if current trends hold up.

CNBC Economy
Oct 05, 2023

Happy meal? Steady demand for french fries is good news for U.S. economy
The fast-food staple has remained popular even as the broader economy has soured.

CNBC Economy
Oct 05, 2023

Happy meal? Steady french fry demand is good news for U.S. economy
The fast food staple has remained popular even as the broader economy has soured.

CNBC Economy
Oct 04, 2023

Private payrolls rose 89,000 in September, far below expectations, ADP says
The total was down from an upwardly revised 180,000 in August and below the 160,000 estimate from Dow Jones.

CNBC Economy
Sep 29, 2023

The Fed's favorite inflation indicator rose less than expected in August
The personal consumption expenditures (PCE) price index excluding food and energy increased 0.1% for the month, lower than the expected 0.2% gain.

CNBC Economy
Sep 27, 2023

U.S. Latino economic output grows to $3.2 trillion, according to new study
If Latinos were an independent country their GDP would rank fifth in the world, the study found.

CNBC Economy
Sep 27, 2023

The U.S. is weaker now than when we downgraded in 2011, former S&P ratings chairman says
The U.S. is in a weaker position now than when S&P downgraded its sovereign credit rating in 2011, according to the former chairman of the agency's Sovereign Rating Committee.

CNBC Economy
Sep 26, 2023

Dimon warns that the Fed could still raise interest rates sharply from here
"I am not sure if the world is prepared for 7%," he told The Times of India in an interview.

CNBC Economy
Sep 26, 2023

'We have dealt with recessions before': Jamie Dimon says geopolitics is the world's biggest risk
JPMorgan Chase & Co. CEO Jamie Dimon says geopolitics in light of Russia's invasion in Ukraine is the biggest risk is a much larger risk than high inflation or a U.S. recession.

CNBC Economy
Sep 25, 2023

Some soft commodity prices are surging, adding to consumer woes
Certain agricultural commodities have climbed in recent months, driven by weather-related damage around the globe and tighter supplies.

CNBC Economy
Sep 25, 2023

China-EU relationship is at a crossroads, top official says in Beijing
China's relationship with the European Union needs to change, as the bloc's trade chief asks for more openness and fairness from Beijing.

CNBC Economy
Sep 22, 2023

Credit card losses are rising at the fastest pace since the Great Financial Crisis
Goldman Sachs predicts credit card losses will continue to climb through the end of 2024 or early 2025 for most issuers.

CNBC Economy
Sep 20, 2023

The Fed would be 'flying blind' on interest rate decisions after a government shutdown
A looming government shutdown could prevent the Federal Reserve from raising rates in November, Bank of America says.

CNBC Economy
Sep 18, 2023

Striking unions impacting the economy at a level not seen in decades
So far, the UAW stoppage has impacted just a small portion of the workforce with limited implications for the broader economy.

CNBC Economy
Sep 14, 2023

August wholesale inflation rises 0.7%, hotter than expected, but core prices in check
The producer price index was expected to increase 0.4% in August, according to the Dow Jones consensus estimate.

CNBC Economy
Sep 14, 2023

Shipping giant Maersk unveils world's first vessel using green methanol
The new container ship has two engines: one moved by traditional fuels and another run with green methanol.

CNBC Economy
Sep 14, 2023

August wholesale inflation rises 0.7%, hotter than expected
The producer price index was expected to increase 0.4% in August, according to the Dow Jones consensus estimate.

CNBC Economy
Sep 14, 2023

Shipping giant Maersk unveils 'trendsetter' green vessel as it aims to be carbon neutral by 2040
Shipping giant Maersk on Thursday presented its first container vessel moved with green methanol.

CNBC Economy
Sep 13, 2023

August core inflation, excluding food and energy, rose 0.3%, hotter than expected
The consumer price index was expected to increase 0.6% in August and 3.6% from a year ago, according to the Dow Jones consensus estimate.

CNBC Economy
Sep 11, 2023

Fears over access to credit hit highest level in more than a decade, New York Fed survey shows
Respondents indicating that the ability to get credit is harder now than it was a year ago rose to nearly 60%.

CNBC Economy
Sep 08, 2023

Taylor Swift is single-handedly giving a boost to hotel industry revenue
An analysis found hotels in states Swift visited did notably better than the national average.

CNBC Economy
Sep 08, 2023

Taylor Swift is single handedly giving a boost to hotel industry revenue
An analysis found hotels in states Swift visited did notably better than the national average.

CNBC Economy
Sep 04, 2023

'Very stupid': Italy's bank tax remains controversial as government scrambles to update it
Italy's shock tax on banks continues to prove controversial, even as the government insists it can "improve" it.

CNBC Economy
Sep 01, 2023

Black unemployment rate declines in August, even as it rose across the board
The jobless rate ran higher overall but slid for Black workers.

CNBC Economy
Sep 01, 2023

Here's where the jobs are for August 2023 — in one chart
Health care and social assistance was again the top area for job growth in August.

CNBC Economy
Sep 01, 2023

Unemployment rate unexpectedly rose to 3.8% in August as payrolls increased by 187,000
Nonfarm payrolls were expected to increase 170,000 in August, according to a Dow Jones consensus estimate.

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