Tag: USA

U.S. President Donald Trump told reporters on Friday that his team is looking into the idea of AI companies giving the American public a ​stake in their firms, adding that he planned to host a ‌meeting with AI executives as soon as next week.

Job growth unexpectedly surged in May as the U.S. labor market continued a solid year of expansion, the Bureau of Labor Statistics reported Friday.

Fitch Ratings has cut its global growth forecast and raised its crude price outlook, warning that the oil shock stemming from the U.S.-Iran conflict is inflicting broad damage on the world economy.

The war in the Middle East has dented economic growth prospects worldwide, with a more severe shock likely if no effective ceasefire is agreed before 2027, the OECD warned Wednesday.

The Office of the U.S. Trade Representative has proposed additional tariffs of up to 12.5% on imports from 60 economies over their failure to ban goods made with forced labor, in a sweeping action that would hurt most trading partners, including China, the European Union and Japan.

US President Donald Trump said talks with Iran over an interim peace deal will “work out well,” even as the countries’ forces clashed again near the Strait of Hormuz.

Inflation continued to hit consumer wallets in April, likely keeping the Federal Reserve on the sidelines until the current wave subsides, fresh pricing data released Thursday showed.

There is an “elevated” risk of a market correction, European Central Bank vice president Luis De Guindos told CNBC on Wednesday, as stock indices notch fresh record highs despite a combination of geopolitical turmoil, fiscal challenges and outsized valuations.

Mortgage costs across Europe and North America have risen sharply as the economic impact of the Middle East war spills into housing markets, piling pressure on borrowers wanting to buy a new home or refinance.

U.S. President Donald Trump departed Beijing Friday after two days of talks with Chinese President Xi Jinping that ran the gamut from Iran and Taiwan to trade, oil and Boeing.

The U.S. can talk to China about AI because “we are in the lead,” U.S. Treasury Secretary Scott Bessent told CNBC, as the countries unveiled a protocol on best practices for the rapidly improving technology.

Sales at U.S. retailers rose more modestly last month. Retail sales rose 0.5% in April from March, the Census Bureau reported Thursday. That’s a touch below consensus forecasts for a 0.6% increase in April and a pullback from the revised 1.6% surge in March. April sales rose 4.9% from a year ago.

Prices that consumers pay for a wide range of goods and services increased at a faster-than-expected pace in April, raising further concerns about the inflationary impact on the U.S. economy.

Job creation was better than expected in April, as the U.S. labor market continued to defy expectations for a slowdown this year, the Bureau of Labor Statistics reported Friday.

President Donald Trump has said he will give the European Union until July 4 to ratify its trade agreement with the U.S., threatening to raise tariffs to “much higher” levels if the 27-nation bloc fails to do so.

For much of America, the Iran war has meant pain at the pump. For Whirlpool, it has caused what it calls a “recession-level industry decline,” and higher appliance prices are coming as a result.

Private sector job creation was stronger than expected in April, providing more evidence of a stable labor market and less incentive for the Federal Reserve to lower interest rates amid persistently higher inflation, ADP reported Wednesday.

Oil prices fell sharply Wednesday on optimism that the U.S. and Iran were close to an agreement to end the conflict.

Consumers faced escalating prices in March as the Iran war sent oil soaring and created a new level of challenges for the Federal Reserve.

An unusually divided Federal Reserve on Wednesday held its key interest rate steady as policymakers grappled with the policy impact of persistent inflation and awaited a looming leadership transition at the central bank.