Construction workers in Mumbai, India, on June 5, 2024. Bloomberg | Bloomberg | Getty ImagesIndia's economy expanded by just 5.4% in its second fiscal quarter ending September, well below estimates by economists and close to a two-year low.The print follows 6.7% growth over the previous quarter and is the lowest reading since...
The stalls at the 590th Dresden Striezelmarkt are brightly lit at the opening.Sebastian Kahnert | Picture Alliance | Getty ImagesAnnual euro zone inflation rose to 2.3% in November, statistics agency Eurostat said Friday, climbing back above the European Central Bank's 2% target.Economists polled by Reuters had expected the 2.3%...
Can artificial intelligence be so transformative as to solve one of the U.S. economy's biggest problems: its skyrocketing fiscal deficit? According to three economists at the Brookings Institution, the answer is yes — AI could prove a positive "critical shock" for the country's fiscal health. A working paper released last...
Inflation edged higher in October as the Federal Reserve is looking for clues on how much it should lower interest rates, the Commerce Department reported Wednesday.The personal consumption expenditures price index, a broad measure that the Fed prefers as its inflation gauge, increased 0.2% on the month and showed...
President-elect Donald Trump speaks at the U.S.-Mexico border on August 22, 2024 south of Sierra Vista, Arizona. Rebecca Noble | Getty Images News | Getty ImagesThe latest tariff proposal from President-elect Donald Trump would likely put upward pressure on inflation in the United States, according to Goldman Sachs.On Monday, Trump...
Scott Bessent, founder and chief executive officer of Key Square Group LP, during an interview in Washington, DC, US, on Friday, June 7, 2024. Stefani Reynolds | Bloomberg | Getty ImagesThe U.S. stock market appeared to cheer President-elect Donald Trump's presumptive nominee for Treasury secretary, who told CNBC earlier this...
Digital render of NEOM's The Line project in Saudi ArabiaThe Line, NEOMIn Saudi Arabia's northwestern desert, a sprawling construction site replete with cranes and pile drivers sits encircled by a recently-built road. A pair of tracks cuts through the site like deep gashes through the sand, comprising the spine...
Scott Bessent, founder and chief executive officer of Key Square Group LP, during an interview in Washington, DC, US, on Friday, June 7, 2024.Stefani Reynolds | Bloomberg | Getty ImagesPresident-elect Donald Trump signaled Friday his intention to nominate hedge fund executive Scott Bessent as his Treasury secretary, in a...
Kevin WarshJin Lee | Bloomberg | Getty ImagesPresident-elect Donald Trump is considering naming Kevin Warsh as Treasury secretary then ultimately sending him off to serve as Federal Reserve chair, according to a Wall Street Journal report.A former Fed governor himself, Warsh would move over to the central bank after...
Jerome Powell and President Donald Trump during a nomination announcement in the Rose Garden of the White House in Washington, D.C., U.S., on Thursday, Nov. 2, 2017.Andrew Harrer | Bloomberg | Getty ImagesPresident-elect Donald Trump and Federal Reserve Chair Jerome Powell could be on a policy collision course in...