Retail sales jump 3% in January, smashing expectations despite inflation increase
Sales at retailers rose far more than expected in January as consumers persevered despite rising inflation pressures. Advance retail sales…
Former Trump lawyer Michael Cohen testifies to grand jury for three hours, will return Wednesday
Donald Trump’s ex-personal lawyer Michael Cohen testified for three hours Monday to a Manhattan grand jury investigating the former president,…
Sanctions on Russian oil are having the ‘intended effect,’ IEA says
Bans and price caps targeting Russian oil are having the “intended effect” despite surprisingly resilient production and exports in recent…
Australia to receive nuclear-powered submarines under agreement with U.S., UK
Australia will receive conventionally-armed, nuclear-powered submarines under an agreement announced following a Monday meeting of the leaders of the United…
Wholesale prices rose 0.7% in January, more than expected, fueling inflation increase
Inflation rebounded in January at the wholesale level, as producer prices rose more than expected to start the year, the…
The U.S. stock market keeps beating Europe in new listings. And it’s no fluke
The United States is more attractive than European exchanges for new listings and there is not much that Europeans can…
Consumer debt hits record $16.9 trillion as delinquencies also rise
Consumer debt hit a fresh record at the end of 2022 while delinquency rates rose for several types of loans,…
Russian plane collides with U.S. drone; Poland may send fighter jets to Ukraine
This was CNBC’s live blog tracking developments on the war in Ukraine on March 14, 2023. See here for the…
UK economy in ‘a lot better shape’ than bleak figures suggest, fund manager says
LONDON — The U.K. has thus far avoided a widely anticipated recession, and the signs from the business world are…
Sen. Warren urges Fed Chair Powell to recuse himself from review of Silicon Valley Bank collapse
WASHINGTON — Sen. Elizabeth Warren on Tuesday pushed Fed Chair Jerome Powell to remove himself from the central bank’s review…
