Economy

Kevin Warsh is caught between the Trump agenda and a hard place

As market expectations often do, they have turned on a dime. In the past two weeks, longer-term bond yields spiked, with the 10-year Treasury hitting 4.69% and the 30-year yield reaching 5.197%, the highest level in nearly 20 years.

India's economy expands at 7.8% over January to March

The world's fastest growing major economy, India, has been facing major headwinds due to the conflict in Middle East that began end of February.

Gas prices: Drop 17 cents per gallon in one week as decreases at the pumps continue

The national average price for regular gas fell on Friday, dropping 17 cents in one week to $4.22 per gallon, according to AAA.

Iran, India and China, the "Axis of Evil” Seeking to Destroy Millions of U.S. Manufacturing Jobs

The simple reality is Iran cannot have a nuclear weapon, and foreign countries like China and India must not buy Iranian oil. The most important lesson from the prolonged Strait of Hormuz closure is that an overreliance on foreign countries for critical products supporting U.S. economic and national security harms America.

Why is the stock market breaking records while sentiment is low?

The stock market keeps breaking records, which might seem confusing for consumers who feel the economy is worse than even the depths of the Great Recession.

How the Strait of Hormuz standoff flipped the energy security debate

Iran's influence over the strategically vital Strait of Hormuz has inadvertently transformed the energy security debate.

Global tech sell-off spreads to Europe as chip shares fall

A sell-off in tech stocks gripped U.S. and Asian markets overnight after an earnings report from Broadcom earlier in the week.

India's Central Bank Keeps Rates Steady at 5.25%

India's central bank tries to find a balance between maintaining growth and keeping inflation low, as rising global fuel prices and weak investor sentiment sink the rupee.

Scramble for biofuel as oil prices rise ‘could push world closer to food crisis’

Experts say increased use of crops for fuel is ‘dangerous game’ that could send food price inflation soaring

Oil little changed on uncertainty over U.S.-Iran peace deal

Oil was little changed on Friday as prospects dimmed for a near-term end to the U.S.-Israeli war with Iran after Hezbollah rejected a new ceasefire in Lebanon.

South Korea labor minister calls on tech firms to share excess AI profits with suppliers, staff: Reuters

South Korea's labor minister called on the country's major tech firms to share the spoils of their profits, warning of worsening inequality risks.

CNBC Daily Open: Chips are down

Iran-backed Hezbollah rejected the U.S.-backed ceasefire terms agreed between Israel and Lebanon, demanding a full Israeli withdrawal first.