Breaking News: Economy

The economy contracted in the third and fourth corners of 2023, putting the U.K. in a technical recession.January recorded light growth, which was revised upward to 0.3% on Friday.Construction output, which boosted growth at the start of…

Kosamtu | E+ | Getty ImagesConsumers have primarily seen prices falling for physical goods, such as cars, furniture and appliances, though they've also declined for some food and energy-related products, too."You're still seeing some…

The latest CPI inflation data showed a larger than expected rise led by services, but on the goods side of the economy, trade data is also showing a recent increase in U.S. imports from China.Inbound cargo volume at the nation's major…

A man checks the label of a vitamins jar at a Costco Wholesale store on April 3, 2024 in Colchester, Vermont. Robert Nickelsberg | Getty ImagesSmall business confidence hit its lowest level in more than 11 years for March as proprietors…

A person works on a Bowlus recreational vehicle at Bowlus' factory in Oxnard, California, Feb. 23, 2024.Timothy Aeppel | ReutersThe March nonfarm payrolls count likely will indicate hiring continuing at a solid pace, though some…

Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. (We're no longer recording the audio, so we can get this new…

Including volatile food and energy costs, the headline PCE reading showed a 0.3% increase for the month and 2.5% at the 12-month rate, compared to estimates for 0.4% and 2.5%.Both the stock and bond markets were closed in observance of…

U.S. commuters.Caroline Purser | The Image Bank | Getty ImagesMeanwhile, the labor market has stayed relatively hot despite tighter monetary conditions, with unemployment remaining below 4% in February and the economy adding 275,000…

A picture taken on August 14, 2018 shows the logo of Turkey's Central Bank at the entrance of its headquarters in Ankara, Turkey.ADEM ALTAN | AFP | Getty ImagesTurkey's central bank on Thursday raised its key interest rate, the one-week…

Wall Street ended the week lower, despite the S & P 500 notching an all-time closing high Thursday and the Nasdaq Composite hitting an intraday record Friday before dropping more than 1% in the session. The Dow Jones Industrial…