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Economy
Germany’s election will usher in new leadership — but might not turn tides for the
Production at the VW plant in Emden.Sina Schuldt | Picture Alliance | Getty ImagesThe struggling German economy has been a major talking point among critics of Chancellor Olaf Scholz' government during the latest election campaign — but…
Trump says he’s weighing giving 20% of DOGE savings to Americans
U.S. President Donald Trump revealed on Wednesday that he's considering sending 20% of the money saved by the Department of Government Efficiency advisory group to Americans."There's even under consideration a new concept where we give…
Trump suggests 25% tariffs on autos, pharma and semiconductors that could go even higher
U.S. President Donald Trump speaks at Mar-a-Lago in Palm Beach, Florida, U.S., Feb. 18, 2025. Kevin Lamarque | ReutersPresident Donald Trump said he may broaden the scope of U.S. tariffs on imports to include automobiles, pharmaceuticals…
France’s 2026 budget to be a ‘demanding’ undertaking, French economy minister…
Ironing out the 2026 budget of the euro zone's second-largest economy will prove a "demanding" task, French Economy Minister Eric Lombard told CNBC's Charlotte Reed, after lawmakers earlier this month finally adopted 2025's financial…
From tariffs to DOGE, what companies are saying about the impact of MAGA policies
CEO of Meta and Facebook Mark Zuckerberg, Lauren Sanchez, Amazon founder Jeff Bezos, Google CEO Sundar Pichai and Tesla and SpaceX CEO Elon Musk attend the inauguration ceremony before Donald Trump is sworn in as the 47th US President in…
Unemployment spikes in Washington, D.C., as Trump and Musk begin efforts to shrink the
Elon Musk listens to U.S. President Donald Trump speak in the Oval Office of the White House in Washington, D.C., U.S., Feb. 11, 2025. Kevin Lamarque | ReutersPresident Donald Trump's moves to fire thousands of federal government workers…
Consumer prices rise 0.5% in January, higher than expected as annual rate rises to 3%
Inflation perked up more than anticipated in January, providing further incentive for the Federal Reserve to hold the line on interest rates.The consumer price index, a broad measure of costs in goods and services across the U.S.…
Retail sales slumped 0.9% in January, down much more than expected
Consumers sharply curtailed their spending in January, indicating a potential weakening in economic growth ahead, according to a Commerce Department report Friday.Retail sales slipped 0.9% for the month from an upwardly revised 0.7% gain…
Producer prices report points to softer Fed inflation measure than feared
A gauge of wholesale prices rose more than expected in January, though some details of the report indicated that pipeline inflation pressures are easing.The producer price index, which measures what producers get for their goods and…
Defense stocks drop after Trump says Pentagon spending could be halved
U.S. President Donald Trump sits in the Oval Office of the White House in Washington on Feb. 13, 2025.Kevin Lamarque | ReutersDefense stocks dropped sharply Thursday afternoon after President Donald Trump suggested the U.S. could…