Consumer sentiment surges while inflation outlook dips, University of Michigan survey shows
Consumers have grown more confident about the direction of the economy and inflation at the onset of 2024, despite persistent…
Drone strikes hit St. Petersburg; Russian oil depot on fire
This was CNBC’s live blog tracking developments on the war in Ukraine. Ukraine targeted the Russian city of St. Petersburg…
Fed’s Raphael Bostic expects rate cuts to happen in the third quarter
Atlanta Federal Reserve President Raphael Bostic expects policymakers to start cutting rates in the third quarter of this year, saying…
Weekly jobless claims post lowest reading since September 2022
The labor market continued to show surprising resiliency in the early days of 2024, with initial jobless claims posting an…
Ukraine war updates: Kremlin shares its view of Davos after being snubbed; Russia says Kyiv attacked Baltic oil terminal
This was CNBC’s live blog tracking developments on the war in Ukraine. Russia claimed that Ukraine attacked several Russian regions…
Retail sales rose 0.6% in December, topping expectations for holiday shopping
Holiday shopping turned out even better than expected in December as shoppers picked up the pace to close out a…
Russia mocks British efforts to support Ukraine; Blinken warns of ‘real problem’ if Kyiv gets no extra funding
This was CNBC’s live blog tracking developments on the war in Ukraine. The war in Ukraine is dominating conversations at…
Corporate debt defaults soared 80% in 2023 and could be high again this year, S&P says
Corporate debt defaults soared last year and could be a problem again in 2024 as cash-strapped companies deal with the…
Fed’s Christopher Waller advocates moving ‘carefully’ with rate cuts
Federal Reserve Governor Christopher Waller acknowledged Tuesday that interest rate cuts are likely this year, but said the central bank…
