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Breaking News: Economy

CNBC Daily Open: Dow sheds 1,000 points, Japan stocks rebound

A trader works on the floor of the New York Stock Exchange.NYSEThis report is from today's CNBC Daily Open, our international markets newsletter. CNBC...

Job growth totals 114,000 in July, much less than expected, as unemployment rate rises to 4.3%

Job growth in the U.S. slowed much more than expected during July and the unemployment rate ticked higher, fueling fears of a broader economic...

Fed holds rates steady and notes progress on inflation

WASHINGTON – Federal Reserve officials on Wednesday held short-term interest rates steady but indicated that inflation is getting closer to its target, which could...

Fed recap: Chair Powell gives the September rate cut signal traders were hoping for

Powell says a potential September rate cut would be apoliticalFederal Chair Powell said a rate cut at the September meeting would be unrelated to...

U.S. economy grew at a 2.8% pace in the second quarter, much more than expected

Economic activity in the U.S. was considerably stronger than expected during the second quarter, boosted by a strong consumer, government spending and a sizeable...

IMF upgrades UK growth forecast in another boost to new Labour government

Seen through the branches of trees in Ruskin Park are the lit porches of terraced period homes and in the distance, the growing development...

Britain’s largest water utility placed under special measures as it grapples with $19.7 billion debt pile

Engineers from a Thames Water leak hunting team unloads equipment from their van during a night shift in London, UK, on Wednesday, May 2,...

UK economy returns to growth in May, beating expectations as British pound hits four-month high

City of London skyline on 10th June 2024 in London, United Kingdom. The City of London is a city, ceremonial county and local government...

Here’s where the jobs are for June — in one chart

Health care and social assistance have been a key component of the labor market recovery since the pandemic. Ambulatory health services added 22,000 jobs...

Goldman Sachs upgrades UK growth forecast after huge Labour election win

Skyline view of the City of London financial district.Mike Kemp | In Pictures | Getty ImagesLONDON — Goldman Sachs on Friday upgraded its growth...

Treasury yields little changed ahead of key jobs report

U.S. Treasury yields held steady on Friday as markets reopened after the July 4 holiday and investors awaited the latest nonfarm payroll data.At 3:27...

Friday’s jobs report expected to show slowing payroll gains as concern rises about broader economy

Job seekers attends the JobNewsUSA.com South Florida Job Fair held at the Amerant Bank Arena on June 26, 2024 in Sunrise, Florida. Joe Raedle |...

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