Economy

People in the US: how much do you spend on food per month?

We’d like to hear from people in America about how much they’re spending on groceries and going out to eat

From Showtime to Insurance Time: How the LA Lakers Became a $12.5 Billion Hedge Fund Play

Bob Iger and Josh Kushner's $12.5 billion bid to buy the Lakers shows that NBA teams are no longer family dynasties but quick flips for private equity sharks.

Building Data Centers Right

Infrastructure for the future economy is being built, but not in states controlled by the Democratic Party. Gov. Josh Shapiro (D-PA) joined Gov. Kathy Hochul (D-NY) this week in banning new data center construction. They join Democratic governors in 10 other states that have passed legislation or signed executive orders making it harder for investors to create jobs and develop new power generation in their state.

Oil prices are little changed after Iran's president indicates Tehran wants war to end soon

U.S. Treasury Secretary Scott Bessent told CNBC on Thursday that Washington will impose the "toughest sanctions in history" against Iran.

Longer-dated Treasury yields rise as Bessent's bond buyback rally fizzles out

Concerns over the Treasury Department's debt repurchase program continue to weigh on markets.

Labubu maker Pop Mart shares fall as key ex-China sales data drop, Citi cuts price target

Pop Mart shares fall after announcing first-half earnings.

CNBC Daily Open: The 'Bessent Bid' wares off

In a CNBC exclusive, U.S. Treasury Secretary Scott Bessent says he could expand a bond buyback plan, but yields march higher despite the extraordinary action.

Goldman says hedge funds suffered worst underperformance vs S&P 500 in July in more than 20 years of data

Goldman says hedge funds suffered worst underperformance vs S&P 500 in July in more than 20 years of data.

'Perfect storm' brews for global food supply this winter as grain prices soar

Fears over crop yields and farmers' ability to plant ahead of next year have come to the fore as wheat prices jump.

Anxiety over war, wildfires and cyber-attacks leads to growth in cash stocks in EU

Value of banknotes in circulation rises from €1bn in 2016 to €1.6bn in 2026 as people advised to keep stash of cash

Taiwan's AI-fueled forecast of 11% GDP growth likely not sustainable, economists say

Taiwan's economic growth could moderate due to its vulnerability to risks of capex slowdown, macroeconomic downturns, and concentration in semiconductors.

U.S. bond intervention is like 'paying your mortgage with your credit card,' JPMorgan's Sullivan says

The U.S. government's efforts to manage pressure in the Treasury market risk merely shifting the problem down the road, according to JPMorgan's James Sullivan.