Economy

EU ‘pulling out all stops’ with minerals projects as it tries to avert China trade war

Commissioner Stéphane Séjourné says bloc will support 46 strategic projects including lithium and rare earths plants

Hurricane Isaias disrupts U.S. oil production in Gulf of Mexico, threatens refineries

The hurricane could tighten a fuel market that is already facing big disruptions from the wars in Eastern Europe and the Middle East.

Trump immigrant purge could cut social security for Americans by $2,000 a year

New report on economic cost of anti-immigration campaign projects 8.6% reduction in retirement payments by 2034

Thieves make off with €5m haul from prestigious Italian winery

Gang broke into cellar of Marchesi Antinori in Cortona and loaded two trucks with 30,000 bottles before getaway

Nobel winner Krugman says France may have become 'too big to save'

Economist Paul Krugman sounded the alarm on a looming "ugly crisis," while former ECB head Jean-Claude Trichet said French politicians must compromise.

Send us your questions for economist Isabella Weber on inflation and affordability

First Edition newsletter will be hosting a reader Q&A with economist Isabella Weber, a leading voice on inflation, affordability and cost of living and now’s your chance to put your questions to her

‘People are feeling the real impacts’: influencers use humor to make fun of the private equity industry

Skits and parodies making fun of the trillion-dollar industry have taken over social media, racking up millions of views

Is the US bond market more scared of the government's deficit than inflation itself?

As in 2024, with polls open for the midterm elections, the cost of living remains voters’ top priority. As for investors, their primary concern in the aftermath of the Federal Reserve’s first rate hike since 2023 isn’t inflation in particular. Rather, it’s the federal government’s deficit.

Delta Air Lines cuts 2026 forecast on fuel surge, but CEO says demand is still strong

Delta Air Lines reported third-quarter earnings and missed Wall Street estimates for the first time in two years.

'The dominoes are falling': A 'big chunky sell-off' is about to hit the market, strategist says. Here's where to hide

The market is behaving like it did ahead of corrections in 2018, 2015 and 2011 says Chris Watling, chief market strategist at Longview Economics.

CNBC Daily Open: Is cheap gas America's Godot?

Trump's pledge not to attack Iran before the midterms hasn't shifted Kalshi traders, who still bet gas stays high on Nov. 3.

Nvidia-backed Aussie AI firm Firmus withdraws historic IPO, citing market volatility

Nvidia-backed Australian AI data center operator Firmus has withdrawn its planned IPO amid market volatility.