Economy

The abandoned goal of revenue neutrality

Tax policy is hard work. But the work becomes harder when tax reform is done in a vacuum, when what ultimately gets signed into law narrowly focuses on the next election cycle rather than the looming fiscal cliff.

I believed sustainable fashion’s hype. But between Everlane and Allbirds, the letdowns keep coming

Sustainability promised to change the industry. With Shein reportedly acquiring Everlane, and Allbirds pivotting from eco sneakers to AI, it seems that promise was mostly marketing

EU Clears Major Hurdle to Finalize U.S. Trade Pact

European Commission President Ursula von der Leyen on Wednesday welcomed a provisional agreement on legislation to remove import duties on U.S. goods.

A strange paradox has taken hold of the global fashion industry

Fashion brands are doubling down on sustainability even as value-seeking shoppers ignore the pitch.

As Putin-Xi meet, Iran war energy disruption puts long-stalled Russian gas pipeline back on agenda

Putin is expected to hold talks with Chinese leader Xi Jinping on Wednesday, with the long-stalled Power of Siberia 2 natural gas pipeline topping the agenda.

Full steam ahead: how ‘navy curry’ conquered hearts in Japan

Thought to have been introduced by Anglo-Indian officers in the Royal Navy in the 1800s, the dish has since spiralled into a national obsession

Over 47,000 Samsung Electronics workers set to strike as wage talks break down, sending shares lower

More than 47,000 Samsung Electronics workers will begin a strike on Thursday after wage negotiations between the company and its union broke down.

Looking for attractive Asian stocks outside of AI? HSBC names 10 ‘forgotten gems’ for investors

HSBC picked out companies that have generated high return on equity, gained market share while remaining highly profitable and paying out strong dividends.

AI boom reshuffles global stock market pecking order as South Korea and Taiwan surge

A global reshuffling in stock-market hierarchy is underway. AI is propelling Taiwan and South Korea past a couple long-established Western countries.

CNBC Daily Open: Bond markets and the Senate rebuke Trump as Iran war worries linger

Trump faces resistance at home even as inflation expectations rise and affordability looms large ahead of the midterms.

U.S. Treasurys are now firmly in the 'danger zone,' strategists say

U.S. Treasurys are in a "danger zone" as surging long-term yields raise fears that sticky inflation could begin spilling over into equities, strategists said.

As gas prices surge, consumers search for other savings

The national average for a gallon of gasoline has been ticking up since the start of the war with Iran. In Killeen, Texas, it's up $1.28, which comes to about $90 more every month for Charles Rice to fill up his truck.