Euro zone inflation risks tilted to downside, Belgium’s Wunsch saysRisks to inflation and growth in the euro area are now tilted to the downside, Belgian central bank chief Pierre Wunsch told CNBC’s Annette Weisbach at the European Central Bank’s annual forum in Sintra.”There is a broad consensus that we are very close to [the ECB’s 2% inflation] target now, the job is mostly done,” Wunsch said.Pierre Wunsch, governor of the National Bank of Belgium, at ECB And Its Watchers conference in Frankfurt, Germany, on Wednesday, March 22, 2023.Bloomberg | Bloomberg | Getty Images”We’ve had two years of relatively slow growth…
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The U.S. Capitol in Washington, D.C.Bloomberg | Bloomberg | Getty ImagesU.S. President Donald Trump’s “big, beautiful bill” — or officially, the One Big Beautiful Bill Act (OBBBA) — is a controversial piece of legislation, but some banks are in favor of it, saying it’s the shot in the arm the economy needs.It was advanced in a narrow 51-49 vote in the U.S. Senate late Saturday, moving the large spending measure closer to the president’s desk.The bill, which is characterized by sweeping tax reforms and targeted incentives and is forecast to add to the federal deficit, has triggered warnings from credit agencies…
Dakota Peters wasn’t sure what she’d do after high school.The 25-year-old Florida native weighed going to college but ultimately decided against it. Her older sisters taught her that if she didn’t have a specific direction for studying, she was better off just getting work experience in the real world.During her senior year of high school, Peters shadowed her family in their commercial real estate business and ultimately went to work for the company post-graduation in 2017. But by 2021, she felt it was time to tackle something different.She and her sisters started selling sneakers from their decades-long collection on Instagram…
Senate Majority Leader John Thune (R-SD) speaks during a news conference following the weekly Senate Republican policy luncheon at the U.S. Capitol on June 17, 2025 in Washington.Anna Moneymaker | Getty Images News | Getty ImagesA massive legislative package Senate Republicans are trying to pass this week would hurt the lowest-earning Americans financially while boosting the incomes of wealthier households, according to a Yale Budget Lab analysis issued Monday.The “One Big Beautiful Bill Act” would reduce income by 2.9% (about $700) for the bottom 20% of households, according to the Yale analysis. These households have an income of less than…
The ‘Fast Money’ traders recaps Q2 and the first half of 2025. Source link
In a Monday interview with CNBC’s Jim Cramer, Amazon CEO Andy Jassy said the tech giant hasn’t seen significant price increases, and he explained the mitigation strategies his company and its sellers are using.”We did a lot of forward buying several months ago, and then a lot of our sellers, our third party selling partners, forward deployed a lot of inventory to avoid some of the issues with the uncertainty around where tariffs are going to settle,” he said. “And we have, so far, not seen prices appreciably go up.”President Donald Trump has issued steep wide-ranging tariffs on imports from…
Digital illustration of a glowing world map with “AI” text across multiple continents, representing the global presence and integration of artificial intelligence. Fotograzia | Moment | Getty ImagesAs artificial intelligence becomes more democratized, it is important for emerging economies to build their own “sovereign AI,” panelists told CNBC’s East Tech West conference in Bangkok, Thailand, on Friday.In general, sovereign AI refers to a nation’s ability to control its own AI technologies, data and related infrastructure, ensuring strategic autonomy while meeting its unique priorities and security needs.However, this sovereignty has been lacking, according to panelist Kasima Tharnpipitchai, head of AI strategy…
What a first half of the year it has been.In the first six months, the world saw a (not so) new U.S. president in the Oval Office, said president upend the global trade landscape, and a president in South Korea removed from office. Conflicts also broke out between India and Pakistan, as well as Israel and Iran (along with a U.S. airstrike thrown into the mix.)Chinese AI startup DeepSeek made its debut, stealing ChatGPT’s thunder for a while, and elections took place around the world, including in Germany, Australia, and even right here in sunny Singapore. We might just have to call…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailFast MoneyDavid Riedel, Riedel Research, joins ‘Fast Money’ to talk the state of the Chinese economy and markets after latest manufacturing data.05:315 hours ago Source link
HANGZHOU, CHINA – JUNE 30, 2025 – A worker is working in the production workshop of a steel structure factory in Hangzhou City, Zhejiang Province, China on June 30, 2025. CFOTO | Future Publishing | Getty ImagesChina’s factory activity unexpectedly returned to growth among export-oriented manufacturers in June, a private survey showed Tuesday, as the country shrugged off headwinds from trade disruptions.The Caixin/S&P Global manufacturing purchasing managers’ index (PMI) came in at 50.4, beating Reuters’ median estimate of 49.0 and rebounding from 48.3 in May, which had been its worst contraction since September 2022.The private survey appeared to diverge from…
