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A record number of consumers are making minimum credit cards payments as delinquencies also rise

The share of active holders just making baseline payments on their cards jumped to a 12-year high, a Philadelphia Federal Reserve report said.

Published: 2 days ago

Charting the Biden economy: Despite all the growth and jobs, a deeply unpopular president

To the untrained eye, Joe Biden leaves the presidency with what appears to be a sterling economic record.

Published: 6 days ago

Home insurance costs soaring as climate-related events surge, Treasury Department says

During the period, costs for policies across all categories rose 8.7% faster than the rate of inflation.

Published: 1 week ago

UK economy's disappointing November growth fuels the case for Bank of England rate cut

The U.K. economy grew at a lackluster pace of 0.1% in November, data from the Office of National Statistics showed Thursday.

Published: 1 week ago

Core inflation rate slows to 3.2% in December, less than expected

The consumer price index was expected to rise 0.3% in December and show an annual inflation rate of 2.9%.

Published: 1 week ago

German economy contracts 0.2% in 2024 in second consecutive annual slowdown

The German economy contracted by 0.2% in 2024, in the second consecutive year of declines in the annual gross domestic product of Europe's largest economy.

Published: 1 week ago

New Zealand won't 'get rich' by focusing trade in the South Pacific alone, PM says

New Zealand is the latest country to sign an economic partnership with the United Arab Emirates.

Published: 1 week ago

Budget deficit rose in December and is now 40% higher than it was a year ago

For the final calendar month of 2024, the shortfall totaled $86.7 billion, which actually represented a 33% decline from a year prior.

Published: 1 week ago

Inflation watch: Wholesale prices rose 0.2% in December, less than expected

The producer price index was expected to increase 0.4% in December, according to the Dow Jones consensus estimate.

Published: 2 weeks ago

Spike in UK borrowing costs raises specter of public spending cuts

Former U.K. Finance Minister Vince Cable told CNBC on Friday that the UK was not in an "emergency panic situation," but was stuck in a low-growth trap.

Published: 2 weeks ago

Where new jobs were in 2024, and potential growth areas in a second Trump term

Health care and government were the top two drivers of job creation in 2023 and 2024, but that could change under a new administration.

Published: 2 weeks ago

The unemployment rate for Black women fell in December, following a sharp rise

Black women saw a decline in the unemployment rate in December, as it slipped to 5.4%. That is an improvement from November’s rate of 5.9%.

Published: 2 weeks ago

Here’s where the jobs are for December 2024 – in one chart

December's job report marked another month of stronger-than-expected growth, with gains coming in many different areas of the U.S. economy.

Published: 2 weeks ago

U.S. payrolls grew by 256,000 in December, much more than expected; unemployment rate falls to 4.1%

Nonfarm payrolls were expected to increase by 155,000 in December, according to the Dow Jones consensus forecast.

Published: 2 weeks ago

Friday's jobs report could present a mixed view of the labor market. Here's what to expect

Economists expect the Bureau of Labor Statistics to report a gain of 155,000 jobs, a step down from the surprising 227,000 increase in November.

Published: 2 weeks ago

Private sector companies added 122,000 jobs in December, less than expected, ADP says

Job creation eased more than expected in December while wages grew at the slowest pace in nearly 3½ years.

Published: 2 weeks ago

Trump could declare national economic emergency to justify universal tariffs, CNN reports

The president-elect is looking at utilizing the International Economic Emergency Powers Act to implement his plan for tariffs on imports.

Published: 2 weeks ago

Services index shows big jump in prices for December as companies fear tariffs

The ISM services survey's prices index jumped to 64.4%, an increase of 6.2 points or more than 10%.

Published: 2 weeks ago

Euro zone inflation rose to 2.4% in December, meeting expectations

Economists polled by Reuters forecast a reading of 2.4%, up from 2.2% in November.

Published: 3 weeks ago

Trump reportedly considering important alteration to tariff plans

President-elect Donald Trump is considering a plan that still would apply tariffs to all nations but narrow the impact.

Published: 3 weeks ago

UK firms plan price rises as business confidence falls to lowest level since 2022 ‘mini-budget', survey finds

Firms across hospitality, manufacturing, construction and healthcare expressed concerns about how they would cover additional tax costs.

Published: 3 weeks ago

Key Fed inflation measure shows 2.4% rate in November, lower than expected

The PCE price index was expected to show a 2.5% annual inflation rate in November after rising 0.2% monthly.

Published: 1 month ago

Russian central bank surprises markets by holding key rate at 21%

Russia's central bank on Friday left its key interest rates unchanged at 21%, citing monetary tightness as Moscow wages its ongoing battle with sky-scraping inflation.

Published: 1 month ago

Bank of England holds rates but vote split surprises markets

Economists widely expected a rate hold at the December meeting, as policymakers remain concerned with stubborn services inflation and wage growth.

Published: 1 month ago

UK inflation rises to 2.6% in November, in line with expectations

UK inflation data comes after wage growth quashed any last expectation for a final 2024 rate cut from the Bank of England.

Published: 1 month ago

The Fed has a big interest rate decision coming Wednesday. Here's what to expect

Traders are pricing in a near certainty that the Fed on Wednesday will lower its key rate by a quarter percentage point.

Published: 1 month ago

Iran faces dual crisis amid currency drop and loss of major regional ally

Since September, the rial has suffered the ripple effects of hits to Iran's proxies, as well as the November election of Donald Trump to the U.S. presidency.

Published: 1 month ago

More than half of Gen X parents worry about financially supporting their kids into adulthood, survey shows

Fifty-three percent of Gen X parents are concerned their kids won't be fully financially independent into adulthood, U.S. Bank data reveals.

Published: 1 month ago

UK economy shrinks for second month, contracting 0.1% in October

It marked the country's second consecutive economic downturn, following a 0.1% GDP decline in September.

Published: 1 month ago

Wholesale prices rose 0.4% in November, more than expected

The producer price index was expected to increase 0.2% in November, according to the Dow Jones consensus estimate.

Published: 1 month ago