Economy

CNBC Daily Open: The EU prepares to respond to Trump's Greenland tariffs

If economic sanctions are designed to apply pressure without firing a shot, then U.S. President Donald Trump has aimed at America's closest military allies.

E.ON cancelled £13,000 bill it sent to my late mother, but still owes £3,360

A bereaved young customer was baffled by the wildly fluctuating balances the energy supplier claimed on a family’s account

European markets fell after Trump's Greenland tariffs threat; autos and luxury sell off

European stocks were sharply lower on Monday as traders react to U.S. President Donald Trump's threat to hike tariffs on a number of European countries.

China birthrate shrinks to lowest on record as policies fail to to lift births

China's birthrate fell to a record low last year, underscoring a deepening demographic crisis as Beijing struggled to reverse a shrinking and aging population.

China fourth-quarter growth slows to 4.5%, weakest in nearly three years as consumption misses forecasts

China's economic growth slowed to the weakest level in nearly three years in the fourth quarter as retail sales fell to the lowest level since late 2022.

Billionaires have ‘outsized’ political influence

Billionaires' wealth has risen sharply to a record high of $18.3 trillion — with the super-rich seeking power "for their own gain," according to Oxfam.

Here’s how much money the world’s biggest hedge funds made in a record-breaking 2025

An annual hedge fund industry power ranking shows the industry's elite netted its largest ever dollar gain in 2025.

He worked four blue-collar jobs in his teens to stay afloat. Today, his fintech startup is worth $8 billion

Jack Zhang worked as a dishwasher, bartender and cashier at a petrol station before he started Airwallex. Today, his fintech startup is worth $8 billion.

Asia-Pacific markets mostly slip as investors assess Greenland developments and key China data

China released its fourth-quarter GDP numbers, along with December figures for retail sales, urban investment and industrial output.

Why South Korean noodle companies are betting on an overseas appetite for growth

Higher average selling prices, the popularity of K-pop, and a tepid domestic market are pushing noodle makers to look for growth overseas.

The minimum savings needed to retire at 65 in every U.S. state—it's over $2 million in Hawaii

The estimated savings needed to retire at 65 varies by nearly $1.5 million from state to state, driven largely by differences in housing costs.

Buffett’s pledge to give away 99% of his wealth could eventually test Berkshire’s shield against activists

Investors and analysts say the estate plan raises questions about how Berkshire will be governed once Buffett and his heirs' influence is diluted.