Protesters clash with Turkish anti riot police as they use tear gas and water cannons during a demonstration following the arrest of Istanbul’s mayor, in Ankara on March 21, 2025. Adem Altan | Afp | Getty Images More than 1,100 people have been arrested in Turkey’s nationwide protests since demonstrations began on March 19, Turkish…
Bank of America CEO Brian Moynihan said Wednesday that consumers are continuing to spend and economic growth should be solid though slower this year. Despite surveys indicating that confidence is at a nearly three-year low amid increasing worries about inflation, Moynihan told CNBC that spending data shows consumers are still shelling out money, though shifting…
Respondents to the March CNBC Fed Survey have raised the risk of recession to the highest level in six months, cut their growth forecast for 2025 and hiked their inflation outlook. Much of the change appears to stem from concern over fiscal policies from the Trump administration, especially tariffs, which are now seen by them…
U.S. President Donald Trump pumps his fist after deboarding from Air Force One upon arrival in West Palm Beach, Florida, U.S., March 7, 2025. Kevin Lamarque | Reuters CNBC will be hosting “CONVERGE LIVE,” an inaugural thought leadership event on March 12-13, 2025, in Singapore, where global business leaders, entrepreneurs, investors and key decision-makers will…
A trader works on the floor of the New York Stock Exchange (NYSE) at the opening bell in New York City on March 10, 2025. Charly Triballeau | Afp | Getty Images CNBC will be hosting “CONVERGE LIVE,” an inaugural thought leadership event on March 12-13, 2025, in Singapore, where global business leaders, entrepreneurs, investors…
In this photo taken on November 22, 2024, music albums and related merchandise released by K-pop groups and members of BTS, Seventeen, Stray Kids and Tomorrow X Together (TXT) are seen on display in a retail store in Seoul. Anthony Wallace | Afp | Getty Images South Korea’s economy has been slowing, with growth hitting…
Paramilitary police march on Tiananmen Square outside the Great Hall of the People before the closing ceremony of the Chinese People’s Political Consultative Conference (CPPCC) in Beijing on March 12, 2009. China’s annual parliamentary sessions, the National People’s Congress (NPC) and its advisory auxiliary, the CPPCC come to a close with the economy and unemployment…
Initial filings for unemployment benefits hit their highest level of the year last week in another potential signs of weakness in the labor market. Jobless claims for the week ended Feb. 22 totaled a seasonally adjusted 242,000, up 22,000 from the previous week’s revised level and higher than the Dow Jones estimate for 225,000, according…
Reserve Bank of Australia (RBA) at the central bank’s building in Sydney, Australia on May 2, 2022. Brendon Thorne | Bloomberg | Getty Images The Reserve Bank of Australia on Tuesday cut benchmark interest rates for the first time in over four years, joining ranks with other major global central banks, as softening inflation allows…
President-elect Donald J. Trump has moved beyond the team-of-rivals approach from his first term and chosen economic aides who will defend tariffs and tax cuts. President-elect Donald J. Trump put economic policy at the center of his campaign and, in assembling his economic team, has turned to a group of Wall Street executives, economists, lawyers…
