A customer looks at goods on a shelf in a supermarket on January 15, 2025 in London, England. Dan Kitwood | Getty Images News | Getty Images The U.K.’s annual inflation rate hit 3.5% in April, coming in above analyst expectations, according to data released by the Office for National Statistics (ONS) on Wednesday. Economists…
U.S. President Donald Trump announces that his administration has reached a deal with elite law firm Skadden, Arps, Slate, Meagher & Flom during a swearing-in ceremony in the Oval Office at the White House on March 28, 2025 in Washington, DC. Andrew Harnik | Getty Images With decision day looming this week for President Donald…
Signs limit the number of cartons of eggs a customer can purchase at a grocery store in Gloucester, Massachusetts, U.S., March 8, 2025. Brian Snyder | Reuters The U.S. consumer hasn’t felt so glum about the economy since November 2022, according to a survey by the University of Michigan. That’s when annual inflation was at…
Reuters Palestinian children in Gaza gather to receive food cooked by a charity kitchen Food prices in Gaza have spiked and aid food parcels could soon run out after Israel blocked the entry of humanitarian aid, the UN’s humanitarian agency said. OCHA’s partners reported that flour and vegetable prices more than doubled in some cases,…
People shop at a Whole Foods store on Feb. 3, 2025 in New York City. Michael M. Santiago | Getty Images Consumers grew dramatically more worried about near-term inflation as President Donald Trump pushed aggressive tariffs against major U.S. trading partners, a closely watched survey showed Friday. The University of Michigan consumer survey for February…
Oil field, Alberta, Canada Norm Betts | Bloomberg | Getty Images Oil prices are likely to fall in the longer run after the initial jump following President Donald Trump’s implementation of hefty tariffs on Canada, Mexico and China, said industry watchers. Over the weekend, Trump followed through on his long-threatened 25% tariffs on imports from…
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….
In recent earnings calls, shareholders in some publicly traded meat companies have asked whether the Trump administration’s deportation plans—among other issues—may pose a challenge to their industry. “We’ve been there before. It did not impact our business,” said Tim Klein, CEO of National Beef, which is owned by the Brazilian food company Marfrig, in response…
People shop in an Abercrombie & Fitch store in midtown Manhattan on October 24, 2024 in New York City. Spencer Platt | Getty Images Former President Donald Trump’s universal tariff proposals could cause prices to skyrocket on clothing, toys, furniture, household appliances, footwear and travel goods, according to a new report from the National Retail…
