business news

HSBC is ‘very positive’ about the future of China’s economy, CFO says

HSBC is “very positive” about the mid- to long-term outlook for the Chinese economy despite current headwinds, the British bank’s…

Here’s when the Fed is likely to start cutting interest rates, according to investment strategists

WEST PALM BEACH, Fla. — The U.S. Federal Reserve is likely to start cutting interest rates by the end of…

‘Take the emotion out of investing’ during a presidential election year, strategist says. What to do instead

WEST PALM BEACH, Fla. — Investors’ emotions may run high in 2024, especially in the realm of politics as President…

Wholesale inflation rose 0.6% in February, much more than expected

Wholesale prices accelerated at a faster-than-expected pace in February, another reminder that inflation remains a troublesome issue for the U.S.…

European Central Bank chief economist: Must ‘take our time’ on rate cuts, clearer picture due in June

The European Central Bank must take its time to get interest rate cuts right and will have a clearer picture…

Ukraine war updates: U.S. brushes off Putin’s ‘nuclear war’ threat; Ukraine says Russian election in occupied regions ‘illegal’

This was CNBC’s live blog tracking developments on the war in Ukraine. Ukraine’s foreign ministry on Thursday said that Russian…

Yellen touts electric vehicle ‘boom’ as automakers tone down hype

Treasury Secretary Janet Yellen on Wednesday lauded President Joe Biden’s investment in electric vehicles for accelerating the sector, even as…