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China will be the ‘most important marginal driver of global GDP,’ ex-Goldman Sachs economist Jim O’Neill says
CNNMoney China’s economy will erase all its 2020 losses next year and still record positive growth for this year, ex-Goldman Sachs economist Jim O’Neill told CNBC. He said: “China is
Continue reading »Nikola saga hits three speculative areas at once: SPACs, Robinhood traders and electric vehicles
In recent months, three story lines have captivated Wall Street: SPACs, electric vehicle companies and the rise of retail traders. The outsized success of the first two, and novice investors
Continue reading »Trump threw stimulus checks back into play and called for a large economic aid package — but Republicans still aren't backing more spending
Trump called on Republicans to back more spending, but he's appeared to sway very few GOP senators. Many Republican senators staunchly oppose more federal spending, citing the debt. "The core
Continue reading »Kevin O'Leary: Don't give airlines any more coronavirus relief money, we don't need all of them
"No more money for airlines. We don't need it anymore," Kevin O'Leary told CNBC on Thursday. U.S. airline executives met at the White House on Thursday to advocate for additional
Continue reading »Economic recovery trackers stumble as Labor Day boost fades and demand wavers
Various metrics tracking the US economic reopening pared gains after Labor Day spending proved short-lived. The holiday weekend lifted Goldman Sachs' reopening scale to five out of 10 last week
Continue reading »The Federal Reserve will stay on hold until 2023, according to CNBC survey
A large majority of respondents in the CNBC Fed Survey also believe the Fed will sit tight even if inflation moves above its 2% target. Just over half believe the
Continue reading »These 7 charts from the August jobs report show how far the labor market recovery has come — and how much further it has to go
The US economy added 1.37 million jobs in August, and the unemployment rate declined to 8.4%, the Labor Department reported Friday. While the report was stronger than economists expected, it
Continue reading »The struggling economy could be Trump’s secret weapon
If you'd recently awoken from a long coma and were reviewing US economic data, you might presume that Donald Trump's presidential re-election prospects are automatically doomed. A third of American
Continue reading »Job market seen somewhat weaker in August, as rehiring slowed and layoffs continued
The economy is expected to have added 1.32 million jobs in August, down from 1.76 million in July as rehirings slowed. The unemployment rate is expected to break below the
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