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A trader works on the floor of the New York Stock Exchange (NYSE) in New York, US, on Wednesday, Aug. 12, 2026.Michael Nagle | Bloomberg | Getty ImagesU.S. equity futures rose on Wednesday evening following a...
See more of our coverage in your search results. California seems to be the land of the disappearing dollar. The Golden State has earned the dubious distinction of being the most...
NEW DELHI: Cabinet Wednesday approved a Rs 2,814 crore scheme to boost domestic processing of lithium and nickel, reducing dependence on imports of critical minerals.PM Narendra Modi said India cannot afford...
Older quick take Quick take Today, 14:15 United States There has been a lot of commentary about the contribution of tech investment to GDP growth, but with the US running a trade deficit of $64bn in September in tech products alone, out of an overall trade deficit of $105bn, we need to remember that this aspect actuall
Young jobless people are left feeling bored and apathetic as they struggle to find jobs or training opportunities, a youth worker says.Unemployment among those aged between 15 and 24 is sitting at almost...
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China's securities regulator has delivered informal guidance to investment banks to temporarily halt initial public offerings (IPOs) and large-scale share sales by major shareholders. The move follows an 8.5% plunge in the CSI300 index in October, its worst monthly performance in more than a decade. The People's Bank of China has also stepped up defenses, cutting the relending rate supporting share buybacks to 1% from 1.25% and launching a CNY 100 billion (approximately $15.0 billion) swap facility. With IPO proceeds reaching CNY 292 billion (approximately $43.8 billion) this year, the highest since 2023, the listing timetable for Yangtze Memory Technologies (YMTC) is expected to be disrupted.
minutes agoFaisal IslamEconomics editorMatt Cardy/Getty ImagesThe pound has risen to its highest overall level since the Brexit referendum over a decade ago.Sterling has risen notably in recent weeks...
U.S. President Donald Trump arrives to deliver remarks during a campaign rally at the Rock Hill Sports and Event Center on October 29, 2026 in Rock Hill, South Carolina.Andrew Harnik | Getty Images News |...
The Financial Times (FT) reported on the 3rd (local time) that Chinese financial authorities have ordered the investment banking (IB) industry to temporarily suspend its initial public offering (IPO) ..
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watch nowAs President Donald Trump campaigned for the nation's highest office in 2024, he regularly blamed Democrats for the country's economic anxiety.During campaign stops across the U.S., Trump frequently...
Mortgage Rates Fall Back Under 7.25% 30yr fixed rates moved over 7.25% on September 23rd, 2026 and continued to long-term highs of 7.61% by early October. But starting in mid October, rates began declining as the market grew increasingly concerned about the tech sector. Until today 7.27% marked the floor of the present
This column is from a special early edition of Trendlines on the economic and market implications of the Democrats’ big win in the midterm elections. If you’d like to receive Trendlines via email on its...
The Fed and mortgage rates. By Wolf Richter for WOLF STREET. Demand for mortgages to purchase a home – a forward-looking indicator for demand in the housing market – dipped again in the latest reporting week...
A senior Democrat says his party will work to end U.S. President Donald Trump's tariffs on allies, including Canada, when it takes control of Congress next year."We want to have free and fair trade with...
The great sleeping giant of the US has awakened, taken a hard look at what’s become of the nation, and roared a thunderous “NO!”What occurred on Tuesday was not – as some are saying – the inevitable midterm...
Mortgage application activity declined in October as the 30-year fixed mortgage rate rose sharply again. The Mortgage Bankers Association’s (MBA) Market Composite Index, a measure of total mortgage application volume, fell 14.1% month-over-month in October on a seasonally adjusted basis. Compared to a year ago, total mortgage applications were 39.8% lower. Higher fixed mortgage rates...
The newly elected Democratic majorities in the Senate and the House are planning to pass a flurry of bills as soon as they take the reins next January, CNBC has learned, and are preparing to tussle with an...
Hiring in the US private sector slowed but still beat expectations in October, data from payroll firm ADP showed on Wednesday, with earnings growth registering a strong increase. Private sector job growth...
New Zealand's unemployment rate has risen to 5.7%, the highest in 11 years, with 174,000 people out of work. But economists say the more troubling figure is duration: nearly half of the jobless have been...
The federal government announced on Wednesday that China will extend its soon-to-expire tariff-free treatment for some Canadian agricultural and seafood products for another two years.
The latest unexpected rise in unemployment could be a sign the economy isn't doing as well as expected. Four hundred and 38-thousand people aren't working as much as they could be in the September...