Artificial intelligence could be increasing worker productivity so much that companies slow hiring, top Trump administration economic advisor Kevin Hassett said Monday. “I think that there have been mixed signals in the job market,” the National Economic Council director said on CNBC’s “Squawk Box,” adding that he has seen “really, really positive signals in the … Read more
China’s imports of U.S. soybeans have shown little sign of rebounding as Beijing’s stockpiles swelled to their highest levels in years, undermining U.S. President Donald Trump’s claims that a recent trade truce would spur major new Chinese purchases. China, the world’s largest consumer of soybeans, has built up a glut of supplies after months of … Read more
Scott Rechler, RXR Chairman and CEO, and Bill Rudin, Rudin Management Co-Chairman, speaking at CNBC’s Delivering Alpha event in New York on Nov. 13th, 2025. Adam Jeffery | CNBC New York Mayor-elect Zohran Mamdani’s views have sparked fears that there will be an exodus of companies and capital from the city. But two of the … Read more
Job seekers wait to enter the SacJobs Career job fair in Sacramento, California, US, on Thursday, Nov. 13, 2025. David Paul Morris | Bloomberg | Getty Images The first economic data report that went unreleased due to the government shutdown will be released next week, the Bureau of Labor Statistics said Friday. As the U.S. … Read more
Shoppers walk through Manhattan on Nov. 7, 2025, in New York City. Spencer Platt | Getty Images High-income consumers are trading down, Gen Z is spending less, and low-income shoppers are still struggling, according to many consumer companies that shared their latest quarterly results in recent weeks. Those trends may not bode well for the … Read more
Federal Reserve Chair Jerome Powell speaks during a news conference following a meeting of the Federal Open Market Committee at the Federal Reserve on Oct. 29, 2025 in Washington, DC. Alex Wong | Getty Images Federal Reserve Chair Jerome Powell wasn’t kidding a couple weeks ago when he said a December rate cut wasn’t in … Read more
Susan Collins, president and chief executive officer of the Federal Reserve Bank of Boston, during a Bloomberg Television interview at the Kansas City Federal Reserve’s Jackson Hole Economic Policy Symposium in Moran, Wyoming, US, on Friday, Aug. 22, 2025. David Paul Morris | Bloomberg | Getty Images Boston Federal Reserve President Susan Collins on Wednesday … Read more
The U.S. House of Representatives will vote early Wednesday evening to end the longest government shutdown in history, Rep. Steve Scalise, R-La., said. “We’ll start the process probably around 4, 5 o’clock. The actual vote on the bill to fund the government will probably come later, around 7 o’clock,” the House majority leader told CNBC. … Read more
Chinese President Xi Jinping meets with U.S. President Donald Trump in Busan, South Korea, Oct. 30, 2025. (Photo by Huang Jingwen/Xinhua via Getty Images) Huang Jingwen | Xinhua News Agency | Getty Images Even as a U.S.–China trade truce appears to be holding, analysts caution that the détente remains fragile in a rivalry increasingly defined … Read more
Job seekers attend the Mega JobNewsUSA South Florida Job Fair held in the Amerant Bank Arena on September 25, 2025 in Sunrise, Florida. Joe Raedle | Getty Images Judging by current data, you’d think there’s literally a job out there for anyone who wants one. Looking deeper under the hood, though, tells a different story. … Read more