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Breaking News: Economy

Producer price index November 2024

by Merchant Moller
Producer price index November 2024

A measure of wholesale prices rose more than expected in November as questions percolated over whether progress in bringing down inflation has slowed, the Bureau of Labor Statistics reported Thursday. …

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Trump rings bell at NYSE to cheers of ‘USA’ as Wall Street CEOs, business leaders look on

by Valentin Shriner
Trump rings bell at NYSE to cheers of ‘USA’ as Wall Street CEOs, business leaders look on

President-elect Donald Trump rang the opening bell at the New York Stock Exchange on Thursday after vowing an economic boom to a cheering crowd of traders and business leaders. Trump …

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Budget deficit swells in November, pushing fiscal 2025 shortfall 64% higher than a year ago

by Merchant Moller
Budget deficit swells in November, pushing fiscal 2025 shortfall 64% higher than a year ago

The US Treasury building in Washington, DC, US, on Tuesday, Aug. 15, 2023. Nathan Howard | Bloomberg | Getty Images The U.S. budget deficit swelled in November, putting fiscal 2025 …

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If Trump wants to kill inflation, the first thing he needs to do is get more homes built

by Merchant Moller
If Trump wants to kill inflation, the first thing he needs to do is get more homes built

Homes under construction in Englewood Cliffs, New Jersey on Nov. 19th, 2024. Adam Jeffery | CNBC If President-elect Donald Trump is going to push inflation back down to a more …

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Annual inflation rate accelerates to 2.7% in November, as expected

by Merchant Moller
Annual inflation rate accelerates to 2.7% in November, as expected

Consumer prices rose at a faster annual pace in November, a reminder that inflation remains an issue both for households and policymakers. The consumer price index showed a 12-month inflation …

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European Central Bank heads for last rate cut of year

by Merchant Moller
European Central Bank heads for last rate cut of year

The European Central Bank is heading for its final interest rate cut of the year on Thursday — and while the institution is expected to stick to a quarter rather …

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Ghost towns show Greece’s battle with falling birth rate, depopulation

by Merchant Moller
Ghost towns show Greece’s battle with falling birth rate, depopulation

A cafe offers a glimpse into the past in the abandoned village of Lasta. There are no staff but instead an honor system, which allows visitors to serve themselves a …

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Utah’s ‘Silicon Slopes’ tech sector is making a run at Silicon Valley

by Merchant Moller
Utah’s ‘Silicon Slopes’ tech sector is making a run at Silicon Valley

Salt Lake City in winter. 4kodiak | E+ | Getty Images This story is part of CNBC’s quarterly Cities of Success series, which explores cities that have transformed into business …

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Household finance outlook hits highest since February 2020 following Trump win

by Merchant Moller
Household finance outlook hits highest since February 2020 following Trump win

U.S. President-elect Donald Trump holds an award during the FOX Nation’s Patriot Awards at the Tilles Center on December 05, 2024 in Greenvale, New York. Michael M. Santiago | Getty …

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The Fed is on course to cut interest rates in December, but what happens next is anyone’s guess

by Merchant Moller
The Fed is on course to cut interest rates in December, but what happens next is anyone’s guess

Jerome Powell, chairman of the US Federal Reserve, during the New York Times DealBook Summit at Jazz at Lincoln Center in New York, US, on Wednesday, Dec. 4, 2024. Yuki …

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