Economy

China needs U.S. dollars but is building a hedge against Washington’s sanctions

The U.S. can pressure Chinese banks over Iran through access to its financial system, while Beijing is building alternatives such as CIPS.

Gas Prices: 31 States with Average Prices Over $4 Per Gallon

The national average price for regular gas remained higher than a week ago on Monday, coming in at $4.097 per gallon, according to AAA. It was a small increase from this time last week, when the cost was $4.065. Fuel costs did drop very slightly from Monday, when the national average price was $4.099 per gallon.

Ukraine is targeting Russia’s retail giants. Ozon is the next economic pressure point

Kyiv says the attacks are aimed at disrupting Russian supply chains and inflicting further pressure on Putin's wartime economy.

The US-Canada trade war is lose-lose

A U.S. tariff is an import tax, ultimately paid by U.S. consumers, as importers cannot absorb much, or any, of the tax.

Blame spending for our $40 trillion debt

The federal government’s debt burden passed $40 trillion last week, a terrible milestone. It shows the extent to which we are living beyond our means and need to make hard choices.

New Delhi draws in $73 billion in 11 weeks, powered by special deposits for non-resident Indians

India has attracted inflows of $73 billion in 11 weeks, driven mostly by foreign currency bank deposits made by non-resident Indians.

CNBC Daily Open: China in the crosshairs, Bitcoin is back and Dragon Ball Z diplomacy

New sanctions against Iran could stoke tensions between the U.S. and China, while risk appetite for Bitcoin returns.

Trump targets Iran’s trade lifelines

Washington's threat of "economic D-Day" collides with a small group of governments that account for most of what remains of Iran's foreign trade.

Why European Innovation Lags Behind the U.S.

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Xpeng shares sink as weak delivery forecast overshadows $6.3 billion robot unit valuation

Xpeng shares slid after weak delivery guidance, even as its nascent robotics business secured a valuation nearly matching that of its core EV business.

Bitcoin Surges Past $80,000 as Crypto Rally Gathers Pace

Bitcoin surged past the $80,000 mark, as renewed inflows into spot bitcoin ETFs and improving risk appetite extended the cryptocurrency's recent rally.

China is the biggest buyer of Iran’s oil. Could US sanctions threaten those ties?

The US has put the world on notice to cease doing business with Iran, but experts say Washington is wary China could retaliate against any sanctions