Economy

UPS is investing $2 billion in international, healthcare and supply chain businesses

UPS told CNBC exclusively that the company is investing more than $2 billion into its international, healthcare and supply chain businesses.

The treasury bond mess: is this the demise of the US as a safe haven?

The US is scooping up treasury bonds in an effort to raise their price and push yields down – but it’s not working

Iran's Rial Currency Hits New Record Low as US Prepares to Announce More Sanctions

DUBAI, United Arab Emirates (AP) — Iran’s currency hit a record low Monday as Washington prepared to announce new sanctions it said would be an “economic D-Day” and would add further pressure on an economy already battered by previous sanctions and a U.S. naval blockade.

'It’s absolutely criminal': US tipping culture has reached the UK

Service charges used to be a matter of choice, but now consumers feel obliged to pay them for even a cup of coffee. How do we navigate this minefield and who is really profiting?

Yields decline on CNBC report Treasury could use General Account to fund buybacks

Treasury yields fell Monday as investors await Federal Reserve Chair Kevin Warsh's keynote speech at Jackson Hole later this week.

Shein targets $27 billion Hong Kong IPO

Shein is planning to raise up to $13.86 billion in Hong Kong dollars ($1.77 billion) in its initial public offering, according to a filing on Monday.

CNBC Daily Open: The Cost of AI, Trade Showdown and Iran's 'Economic D-Day'

The two forces of AI spending and geopolitical tensions compete for the role of key market driver in early trade.

Singapore inflation hits highest in nearly two years, but undershoots expectations

Consumer prices rose 2.2% last month, compared with the 2.3% expected by economists polled by Reuters

New Fed chair faces critical test at Jackson Hole as inflation fears mount

Investors will hope Kevin Warsh offers ‘comfort blanket’ at annual meeting of central banks amid bond market anxiety

Fund Manager Lists Four of His Best-Value Unloved Stocks to Swerve the AI Hype

From consumer brands to Asian tech, Ranmore Fund Management's Sean Peche shares some of his top unloved stock picks.

Fast-fashion giant Shein aims for $27bn valuation in Hong Kong market debut

Known for selling cheap clothing, the online retailer has seen its value drop sharply from earlier estimates amid scrutiny over its environmental footprint

Oil prices fall as investors await 'toughest' U.S. sanctions on Iran

Oil prices fell Monday as investors awaited details of what Washington has billed as its toughest-ever sanctions campaign against Iran.