Economy

The Fed Can’t Issue a Building Permit

A lower mortgage rate may help a family afford a house, but it will never solve America’s housing affordability crisis. That is because the price of borrowing is only part of what determines whether a family can afford a home. The other side of the equation, which Washington has neglected for too long, is whether we allow enough homes to be built in the first place.

Scott Bessent's growth plans aren't enough to tame surging deficit and debt pile, IMF chief says

IMF chief Kristalina Georgieva said Bessent’s reliance on growth won’t cut the U.S. deficit and $40 trillion debt fast enough, calling for fiscal consolidation.

Trump says "massive" oil, gas and mineral exploration in Greenland is "getting ready to begin"

Updated on: October 14, 2026 / 1:33 AM EDT / CBS News

Crypto bosses, CEOs and F1: Singapore's business events boom gathers pace

Singapore's Formula 1 race week is a major business draw as a growing number of conferences coincide with the Grand Prix.

'Godzilla El Niño' is wreaking havoc with Philippine central bank's inflation forecasts

The Philippine central bank is running policy scenarios for a severe El Niño on top of the oil shock, with inflation at a three-year high.

Trump says Taiwan will purchase 30% of natural gas produced by Alaska pipeline

President Donald Trump and Commerce Secretary Howard Lutnick told a rally crowd in Alaska on Tuesday night that Taiwan has committed to investing in and purchasing 30% of the natural gas produced at a pipeline project in the state.

Taiwan agrees to buy 30% of gas from Alaska LNG project, Trump says

U.S. President Donald Trump said Tuesday that Taiwan had agreed to buy 30% of the gas from a pipeline project in Alaska.

Oil rises amid growing Mideast tensions between Iran-backed Houthis and Saudi Arabia

Worries over supply disruptions due to escalating tensions in the Middle East helped to push oil prices higher.

China's producer prices rise at fastest pace since June 2022, beating expectations

The increase was higher than the 4.5% expected by economists polled by Reuters, and higher than the 3.8% seen in the previous month.

China's exports and imports surge past expectations in September

The country's customs agency released September trade data on Wednesday.

CNBC Daily Open: Diesel deal may not be enough to curb high energy prices

The diesel deal between the U.S. and Russia is unlikely to substantially reduce energy prices for U.S. truckers and farmers.

Singapore third-quarter GDP growth softens from four-year high but beats estimates

The GDP print beat expectations of a 5% growth from economists polled by Reuters.