Markets aren’t a good barometer for the economy

Markets aren’t a good barometer for the economy

A trader works on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., September 4, 2024. Brendan Mcdermid | Reuters This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they … Read more

Janet Yellen ‘probably done’ when Biden ends term, may meet Chinese counterpart soon

Janet Yellen ‘probably done’ when Biden ends term, may meet Chinese counterpart soon

US Treasury Secretary Janet Yellen said on Saturday that she is “probably done” serving at the highest levels of government after US President Joe Biden’s term ends in January, but is likely meet again soon with her Chinese counterpart. Asked at the Texas Tribune Festival in Austin, Texas whether she was “done” when a new … Read more

Yellen says U.S. economy remains solid, heading toward ‘soft landing’

Yellen says U.S. economy remains solid, heading toward ‘soft landing’

U.S. Secretary of the Treasury Janet Yellen speaks listens to a presentation during a tour at the IRS Processing Facility on September 06, 2024 in Austin, Texas.  Brandon Bell | Getty Images Treasury Secretary Janet Yellen sought to reassure the public on Saturday that the U.S. economy remains strong, despite a string of weak job … Read more

Shapiro, Harris VP contender, has tax filing event with Yellen

Shapiro, Harris VP contender, has tax filing event with Yellen

Josh Shapiro speaks at his swearing in as Governor of Pennsylvania at the State Capitol Building on January 17, 2023 in Harrisburg, Pennsylvania. Mark Makela | Getty Images Pennsylvania Gov. Josh Shapiro will join Treasury Secretary Janet Yellen to announce that Pennsylvania, a key election battleground, is the next state to get access to the … Read more

Third plenum: China wants to be better prepared for strategic risks like economic sanctions

Third plenum: China wants to be better prepared for strategic risks like economic sanctions

It calls national security “a pivotal foundation for ensuring steady and sustained progress in Chinese modernisation”. “We will strengthen the institutions and mechanisms for early warning, prevention and control, and protection against risks to China’s interests and investments overseas and deepen international law enforcement cooperation in the realm of security,” it reads. This is to … Read more

Donald Trump Has A Lot Of Thoughts About EVs. Most Of Them Are Wrong

Donald Trump Has A Lot Of Thoughts About EVs. Most Of Them Are Wrong

Former President Donald Trump recently sat down with Bloomberg for a wide-ranging interview, but as it turns out, he has a lot of thoughts about EVs and imported cars, and most of them are very wrong. Ed Begley Jr. On The Past And Present Of Electric Vehicles Trump actually told Bloomberg he has “no objection … Read more

Goldman Sachs on what a second Trump presidency means for China

Goldman Sachs on what a second Trump presidency means for China

Chinese President Xi Jinping and former U.S. President Donald Trump in Beijing, China, in 2017. Artyom Ivanov | TASS | Getty Images BEIJING — If Donald Trump wins the U.S. presidential election, his plans for 60% tariffs on Chinese goods could be a “major downside growth risk” to China, according to Goldman Sachs. Chances of … Read more

IRS says it’s collected $1 billion in past-due taxes from millionaires

IRS says it’s collected  billion in past-due taxes from millionaires

Internal Revenue Service Commissioner Danny Werfel testifies before the House Appropriations Committee on Capitol Hill in Washington, May 7, 2024. Kevin Dietsch | Getty Images News | Getty Images The U.S. Department of the Treasury and the IRS on Thursday announced what they called a “major milestone” of collecting more than $1 billion in tax … Read more

Biden Cabinet officials unveil new plans to lower prices ahead of Trump debate

Biden Cabinet officials unveil new plans to lower prices ahead of Trump debate

U.S. President Joe Biden delivers remarks alongside Treasury Secretary Janet Yellen and Commerce Secretary Gina Raimondo during a Cabinet Meeting at the White House on June 06, 2023 in Washington, DC. Kevin Dietsch | Getty Images President Joe Biden’s Cabinet will wrap up a barnstorming tour Thursday after two weeks on the road, touting the … Read more

Nvidia rallies after sell-off, lifts S&P 500 and Nasdaq

Nvidia rallies after sell-off, lifts S&P 500 and Nasdaq

Traders work on the floor of the New York Stock Exchange during morning trading on Jan. 3, 2024, in New York City. Angela Weiss | AFP | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, … Read more