Economy

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07/20/2018 04:58 PM
Dick Bove: Trump poised to take control of the Federal Reserve
President Donald Trump has multiple reasons as to why he should take control of the Federal Reserve. He will do so both because he can and because his broader policies argue that he should do so. 

07/20/2018 04:21 PM
Traders expect that the Fed will probably ignore Trump's rate complaints
President Donald Trump's criticism of monetary policy won't have much impact on how the Federal Reserve goes about its business, judging by initial market reaction. 

07/20/2018 03:43 PM
Hawaii town hopes lava tourism will bring economic relief
Images of Hawaii’s erupting Kilauea volcano have captivated people around the world. But ironically it’s nearly impossible for residents and visitors on the ground to see the lava — a fact that’s squeezing the tourism-dependent local economy.

07/20/2018 03:31 PM
Workers are 'ghosting' interviews, blowing off work in a strong job market
A growing number are "ghosting" their jobs: blowing off scheduled job interviews, accepting offers but not showing up the first day and even vanishing from existing positions – all without giving notice, USA Today reports.

07/20/2018 03:04 PM
Why UBS cloned an economist
You've heard of "robo-advisors." But UBS cloning an economist takes it to a whole other level, The Financial Times reports.

07/20/2018 02:20 PM
Democratic Sen. Heitkamp: Benefits of tax cuts to US workers have been 'eaten up' by Trump's tariffs
"We're the ninth most dependent on imported steel," the North Dakota senator says "The prices have gone up."

07/20/2018 01:54 PM
Trump hits the Fed again in tweet: 'Tightening now hurts all that we have done'
President Donald Trump criticizes the Federal Reserve's monetary policy again on social media Friday, a day after his initial negative remarks were revealed on CNBC.

07/20/2018 01:48 PM
4 powerful weapons China has in its arsenal to win the US-China trade war
China has powerful non-tariff measures it can use to crush America  from cashing out its $1 trillion hoard of U.S. Treasury bonds to devaluing the yuan. These are measures that could destabilize the U.S. economy.

07/20/2018 12:21 PM
Trump says stock market gains since election give him opportunity to wage a trade war: 'We’re playing with the bank's money'
President Donald Trump believes the stock market rally since his election win gives him the cushion to address the trade conflict with China and other countries.

07/20/2018 11:09 AM
Trump says he's 'ready' to put tariffs on all $505 billion of Chinese goods imported to the US
President Donald Trump has indicated that he is willing to slap tariffs on every Chinese good imported to the U.S. should the need arise.

07/20/2018 10:50 AM
The Fed now has to raise rates to prove it’s independent from Trump, investment manager says
Trump’s implication that he favors holding rates down in the face of economic growth defies the convention that monetary tightening is necessary to temper inflation. 

07/19/2018 06:01 PM
Trump lays into the Fed, says he's 'not thrilled' about interest rate hikes
In a stinging and historically rare criticism, President Donald Trump expressed frustration with the Federal Reserve and said the central bank could disrupt the economic recovery.

07/19/2018 04:06 PM
Automakers push back on EU tariff plan, saying there's no evidence imports affect national security
Automakers, testifying at the first of a two-day hearing being held by the U.S. Commerce Department, warned against the Trump administration's proposal to hike tariffs on car imports from the EU. 

07/19/2018 03:56 PM
Copper — a metal with a history of predicting economic trouble — hits 1-year low, nears bear market
Copper prices reached their lowest levels in a year on Thursday amid concerns that a global trade war could strain global supply chains and slow down the global economy.

07/19/2018 03:53 PM
Trump trade tactics sabotaging the economy and markets, Stephen Roach warns
Yale senior fellow Stephen Roach says the markets are too complacent when it comes to trade war risks.

07/19/2018 03:14 PM
Fed's banking supervisor backs new interest rate benchmark
The Federal Reserve's banking supervisor gave his backing Thursday to a new interest rate benchmark for institutions to use when lending to each other.

07/19/2018 03:00 PM
Leading indicators up slightly more than expected in June
The Conference Board's Leading Economic Index was expected to gain in June.

07/19/2018 02:38 PM
Trump says EU's $5 billion fine on Google is proof the US is being taken advantage of
On Wednesday, the EU hit Google with a $5 billion fine, alleging the company had violated antitrust laws by bundling its apps like Chrome and Google Play with its Android operating system.

07/19/2018 02:08 PM
The most important number in finance is going away. Wall St. isn’t prepared.
Libor, a crucial interest rate benchmark, could be gone by 2021. The New York Times reports.

07/19/2018 01:30 PM
US weekly jobless claims drop to the lowest level since 1969
The number of Americans filing for unemployment benefits unexpectedly fell last week.

07/19/2018 01:16 PM
The EU is making a retaliation list to strike back if the US hits European cars with tariffs
The European Union is making a list of goods it could target as a way to retaliate against potential tariffs on European cars, an EU official said Thursday.

07/19/2018 12:54 PM
Biggest threat to markets and economy is a Democrat win in November, Trump advisor Hassett says
The main thing that could derail markets and the economy would be a Democrat takeover of Congress, White House economic advisor Kevin Hassett said Thursday.

07/19/2018 12:37 PM
Ivanka Trump: We are pushing for more education for mid- and late-career workers
Trump, who is President Donald Trump's elder daughter and a senior White House advisor, was speaking to anchor Joe Kernen on CNBC's "Squawk Box."

07/18/2018 05:30 PM
Blackstone's new president Gray says China and US will eventually reach a trade deal
Blackstone's Jonathan Gray share his market views at the Delivering Alpha Conference in New York on Wednesday.

07/18/2018 03:42 PM
'It's a lot of money' — Trump's tariffs take a toll on farmers in Pennsylvania, a key state in the fight for Congress
As the U.S. exchanges blows with global trading partners in a widening series of conflicts, candidates across the country have had to adapt to a changing trade landscape.

07/18/2018 03:18 PM
US trade talks with Mexico making 'good progress:' Kudlow
The U.S. is making "good progress" in trade talks with Mexico, according to Larry Kudlow, the top White House economic advisor. 

07/18/2018 03:11 PM
Citadel's Ken Griffin says 'very strong growth' coming next 6 to 9 months, barring a trade-related setback
Citadel’s Ken Griffin shares his market views at the Delivering Alpha Conference in New York on Wednesday.  

07/18/2018 03:04 PM
Trump administration expecting significant trade offer from EU soon, Kudlow says
EU President Jean-Claude Juncker is coming to Washington next week, possibly with a significant trade offer, Larry Kudlow tells CNBC.

07/18/2018 02:20 PM
White House economic advisor Kudlow says no recession is in sight right now
In the face of fears that the U.S. economy's growth spurt may be temporary, White House economic advisor Larry Kudlow said there's little chance of a recession anytime soon.

07/18/2018 02:06 PM
Kudlow says President Trump is 'so dissatisfied' with China trade talks that he is keeping the pressure on
The chief economic advisor to President Trump spoke at CNBC's Delivering Alpha conference in New York.