In this image provided by the U.S. Army, soldiers, from the 3rd Battalion, 321st Field Artillery Regiment of the 18th Field Artillery Brigade out of Fort Bragg N.C., conduct live fire testing at White Sands Missile Range, N.M., on Dec. 14, 2021, of early versions of the Army Tactical Missile System. John Hamilton | U.S. … Read more
Cars once represented a pillar of the American dream — mobility and independence. But they’ve become something of a luxury product, and customers and auto dealers are growing frustrated. The average price for a car in the U.S. is nearly $50,000, an increase of close to 30% in the past five years, according to Kelley … Read more
The head of the International Monetary Fund cautioned on Thursday that high debt and low growth remained major impediments to the global economy. IMF Managing Director Kristalina Georgieva told CNBC that while notable progress had been made in the global economic recovery, governments had become too accustomed to borrowing, with “anemic growth” adding to the … Read more
Advocacy group Tax Justice Network has ranked the British Virgin Islands, followed by the Cayman Islands and Bermuda as “most complicit” in helping corporations underpay corporate income tax. Traffic_analyzer | Digitalvision Vectors | Getty Images British overseas territories are the world’s top enablers of corporate tax abuse, according to a ranking by tax advocacy group … Read more
British Prime Minister Keir Starmer reacts as he meets with Defence Secretary John Healey and Member of the House of Lords George Robertson at 10 Downing Street on July 16, 2024 in London, England. Wpa Pool | Getty Images News | Getty Images Over the past few weeks, economic news from the U.K. has heavily … Read more
People look at a BYD Dolphin electric subcompact during the 2023 Shenyang International Auto Show on May 3, 2023 in Shenyang, Liaoning Province of China. Vcg | Visual China Group | Getty Images Chinese electric vehicles will remain competitive in Europe despite the EU’s additional tariffs on autos made in the country, particularly after they … Read more
A market stall in the Kingston district of London in 2024. Bloomberg | Bloomberg | Getty Images LONDON — European markets dipped on Wednesday as investors considered key data from the region and looked to the U.S. Federal Reserve interest rate decision. The pan-European Stoxx 600 index was down 0.17% at 8:33 a.m. London time, … Read more
Federal Reserve Chair Jerome Powell announces interest rates will remain unchanged during a news conference at the Federal Reserves’ William McChesney Martin Building in Washington, D.C., on June 12, 2024. Kevin Dietsch | Getty Images A flurry of major central banks will hold monetary policy meetings this week, with investors bracing for interest rate moves … Read more
Christine Lagarde, president of the European Central Bank, at the ECB And Its Watchers conference in Frankfurt, Germany, on March 20, 2024. Bloomberg | Bloomberg | Getty Images FRANKFURT — The European Central Bank on Thursday is set to slash rates again by 25 basis points just days ahead of the U.S. Federal Reserve beginning … Read more
Traders work on the floor of the New York Stock Exchange during morning trading on August 20, 2024 in New York City. Michael M. Santiago | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no … Read more
