Tech earnings not good enough for Wall Street

A trader works on the floor of the New York Stock Exchange Michael Nagle | Bloomberg | 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, no matter where they are. Like what you see? You … Read more

Fed rate cut timing in focus

A trader reacts as a screen displays the Fed rate announcement on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., December 13, 2023.  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 … Read more

Big Tech earnings loom large

A slogan related to Artificial Intelligence (AI) is displayed on a screen in Intel pavilion, during the 54th annual meeting of the World Economic Forum in Davos, Switzerland, January 16, 2024.  Denis Balibouse | Reuters This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed … Read more

Has surprising US economic growth strengthened Washington’s hand in China negotiations?

After President Xi Jinping visited the US in November, both countries resumed cooperation on issues including curbing the spread of fentanyl, as well as military-to-military communication. 12:56 Fighting fentanyl: the drug from China destroying American lives Fighting fentanyl: the drug from China destroying American lives The two sides have also held meetings of financial and … Read more

Treasury’s Yellen touts favorable GDP numbers as boon to middle class

WASHINGTON — Treasury Secretary Janet Yellen praised the positive economic growth numbers on Thursday as a benefit for the middle class. “Though some forecasters thought a recession last year was inevitable, President [Joe] Biden and I did not,” Yellen said in a visit to the Economic Club of Chicago. “Instead of contracting, the economy has … Read more

Here’s how a government shutdown could affect the IRS this tax season

Internal Revenue Commissioner Danny Werfel speaks during his swearing in ceremony at the IRS on April 4, 2023 in Washington, DC. (Photo by Bonnie Cash/Getty Images) Bonnie Cash | Getty Images News | Getty Images As Americans prepare for the opening of tax season, lawmakers are racing to avert a government shutdown. If they fail … Read more

Companies not in hurry disclose beneficial ownership new Treasury rule

U.S. Treasury Secretary Janet Yellen gives a statement to the press during her visit in Mexico City, Mexico December 6, 2023. Daniel Becerril | Reuters WASHINGTON — Treasury Secretary Janet Yellen on Monday announced that just one week after a major new reporting requirement went into effect, over 100,000 small businesses have already registered with … Read more

U.S. takes aim at financial institutions with new Russia sanctions authority

US President Joe Biden, with Treasury Secretary Janet Yellen (L) and Defense Secretary Lloyd Austin (R), speaks during a meeting with his cabinet at the White House in Washington, DC, on March 3, 2022. Jim Watson | AFP | Getty Images U.S. President Joe Biden on Friday will sign an executive order allowing Washington to … Read more

Developing nations spent record high on debt in 2022: World Bank

Members of Sri Lanka’s National People’s Power Party shout slogans as they protest against the government’s debt restructuring plan affecting the income of the pension funds, in Colombo on July 31, 2023. Ishara S. Kodikara | AFP | Getty Images Developing countries paid a record $443.5 billion in 2022 to service their public debt as … Read more

Biden on CPI: Too many things unaffordable

U.S. President Joe Biden speaks about the Inflation Reduction Act of 2022 in the State Dining Room of the White House in Washington, D.C., on July 28, 2022. Mandel Ngan | AFP | Getty Images New data from the Federal Reserve suggests that inflation further cooled in November. But President Joe Biden’s crusade to convince … Read more