Trump-admiring populist Milei wins in Argentina, edging the country closer to a dollarized economy
Argentina’s Javier Milei, a far-right political outsider often compared to former U.S. President Donald Trump, vowed to deliver on his…
Consumer spending fell in October, according to new CNBC/NRF Retail Monitor tracking card transactions
The consumer took a spending break ahead of the holiday season, with October retail sales, excluding autos and gas, falling…
Yellen and China’s He to ‘intensify communication’ after pre-APEC meetings
U.S. Treasury Secretary Janet Yellen and Chinese Vice Premier He Lifeng agreed to “intensify communication” and work together on a…
Voters’ grim economic outlook helps boost Trump in new battleground poll
A deeply pessimistic view of the U.S. economy among registered voters was a driving force behind new polling that shows…
Fed holds rates steady, upgrades assessment of economic growth
The Federal Reserve on Wednesday again held benchmark interest rates steady amid a backdrop of a growing economy and labor…
Treasury to borrow $776 billion in the final three months of the year
The U.S. government’s borrowing needs will decline slightly in the final three months of 2023 from the prior quarter, a…
Global bond rout looks ‘tremendously dangerous’ for stocks, hedge fund manager warns
An intensifying bond rout is piling pressure on the global economy and creating a “tremendously dangerous” outlook for equities, the…
Biden hails hot GDP report, but voters don’t see the rosy picture Wall Street does
WASHINGTON — The U.S. GDP grew at 5% last quarter, better than expected, and President Joe Biden said it was evidence…
U.S. and China commercial property markets face headwinds but UOB is optimistic on Southeast Asia
Commercial real estate markets in the U.S. and China are economic pain points to monitor in a higher-for-longer rate environment,…
Net worth surged 37% in pandemic era for the typical family, Fed finds — the most on record
Net worth surged for the typical family during the pandemic era, largely on the back on higher home and stock…
