Steve Cohen, chairman and CEO of Point72, speaking to CNBC on April 3, 2024. CNBC Billionaire investor Steve Cohen doubled down on his negative view of the U.S. economy due to a backdrop of punitive tariffs, immigration crackdown and federal spending cuts spearheaded by the so-called Department of Government Efficiency. The chairman and CEO of…
Production at the VW plant in Emden. Sina Schuldt | Picture Alliance | Getty Images The struggling German economy has been a major talking point among critics of Chancellor Olaf Scholz’ government during the latest election campaign — but analysts warn a new leadership might not turn these tides. As voters prepare to head to…
Ironing out the 2026 budget of the euro zone’s second-largest economy will prove a “demanding” task, French Economy Minister Eric Lombard told CNBC’s Charlotte Reed, after lawmakers earlier this month finally adopted 2025’s financial plan after a spate of tumultuous, government-toppling attempts. France has charted a trajectory to reduce its public deficit, aiming to reach…
Restaurants and pubs on James Street in London, UK, on Friday, Dec. 13, 2024. Bloomberg | Bloomberg | Getty Images The U.K. economy grew by 0.1% in the fourth quarter, beating expectations, according to a preliminary estimate from the U.K.’s Office for National Statistics (ONS) on Thursday. Economists polled by Reuters had expected the country’s…
A pedestrian crosses a flooded street following heavy rainfall in Paris on October 17, 2024. Joel Saget | Afp | Getty Images France’s economy shrank slightly in the fourth quarter, flash data showed Thursday, highlighting the urgent need for warring French lawmakers to overcome their differences and agree on a 2025 budget. The economy recorded…
A general view of the Bank of England on Dec. 19, 2024 in London, England. Dan Kitwood | Getty Images News | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are….
The Chinese government has expanded a list of products that people can trade in to get a discount of as much as 20% on new products as the country tries to boost its flagging economy. The list now includes items like microwave ovens, dishwashers, rice cookers and water purifiers. State-backed trade-in schemes already covered televisions,…
The Bank of Korea (BOK) in Seoul on Dec. 28, 2024. Kim Jae-Hwan | Lightrocket | Getty Images Risks posed by South Korea’s political turmoil to its economy could subside within half a year, but external pressures owed to possible tariffs on the country’s exports to the U.S. are “troublesome,” a key Bank of Korea…
Bank of England in the City of London on 6th November 2024 in London, United Kingdom. The City of London is a city, ceremonial county and local government district that contains the primary central business district CBD of London. The City of London is widely referred to simply as the City is also colloquially known…
Russian President Vladimir Putin attends an annual televised phone-in with the country’s citizens dubbed “Direct Line with Vladimir Putin” at the Moscow’s World Trade Center studio in Moscow on June 30, 2021. Sergei Savostyanov | Afp | Getty Images Russian President Vladimir Putin on Thursday said that inflation is a problem facing Russia, and that…
