Economy

Capitalism, or why American oil production is surging

Capitalism works. Profits drive economic growth, and higher prices incentivize increased production of otherwise scarce goods.

India's large caps stuck in 'bygone economic era', says Bernstein, as foreign investors head for the exit

Global brokerage Bernstein said foreign investors had little reason to invest in India as large businesses were struggling to reinvent themselves.

Oil rises amid worries of growing Iran-U.S. tensions after Bessent issues Iranian airline shutdown warning

Oil rose Tuesday, amid concerns of growing Iran-U.S. tensions. after U.S. Treasury Secretary Scott Bessent told CNBC that all Iranian airlines will be shut down from Wednesday.

Trump seeks ‘massive’ Belarus fertiliser deal amid Canada trade war

Trump’s announcement on Russia ally comes as he steps up his trade war with Canada, a long-term US ally and top supplier of potash

Here's where UBS says to invest with global yields elevated

Bonds from emerging Asian markets could provide investment opportunities, amid an environment of elevated level of global bond yields.

Investors rush into India’s National Stock Exchange IPO at valuation multiple above Nasdaq

The $2.3 billion NSE IPO, India's largest public share sale issue so far this year, has drawn strong interest from investors, with bids of more than $10 billion.

Taiwan benchmark Taiex rises to record intraday high as tech stocks advance

Taiwan's benchmark Taiex rose to a record intraday high Tuesday, driven by gains in the tech sector, following an AI-driven rally on Wall Street.

Here's who we know is going to the Trump-Xi dinner so far

Very little is known about which Chinese business executives, if any, are expected to attend.

CNBC Daily Open: All that glitters is another U.S.-China détente

Thursday will tell us whether Washington and Beijing can match Monday's market mood. Oil and chip stocks don't write trade deals.

Jamie Dimon says hyperscaler AI spending could hit $1 trillion next year

JPMorgan CEO Jamie Dimon says AI spending across the hyperscaler ecosystem could reach $1 trillion next year as investment continues to surge.

Stock futures are little changed after S&P 500 posts best day since early August: Live updates

The three major averages jumped to start the week's trading, catching a tailwind from a rally in AI-related stocks, as well as lower yields and oil prices.

Trump, Xi seek trade stability and deals, but AI, tariffs and Iran loom large. What to watch

Trump, facing low approval on the economy ahead of the midterm election, has an added incentive to emerge from the summit with China's Xi touting trade wins.