A five-month process of finding the next Federal Reserve chair appears to be down to its final days, with one candidate emerging as the betting favorite even as others remain in the mix. BlackRock fixed income chief Rick Rieder is seen by prediction markets as the frontrunner to replace Jerome Powel

A much-anticipated trade deal between India and the U.S. is at "a very advanced stage," India's Minister of Petroleum and Natural Gas Hardeep Singh Puri told CNBC Tuesday. "I would try and look at the positive side, I'm not a soothsayer, I don't know when trade deals will get signed, how long it tak

China's industrial profits rose 0.6% in 2025 from a year earlier, snapping three consecutive years of declines, as manufacturing output expanded despite weak domestic demand. The pace of growth accelerated from 0.1% in the January to November period, according to data from the National Bureau of Sta

The popular narrative that artificial intelligence is the engine keeping the U.S. economy alive appears to be overstated, according to recent analyses. The AI boom has reshaped market valuations, driven large investments and record bond issuance to finance data centers, and heavily influenced gross

Inflation drifted slightly further from the Federal Reserve's target in November though in line with expectations, according to the central bank's preferred gauge released Thursday. The personal consumption expenditures price index, a Commerce Department measure the central bank uses as its main for

Markets and some European leaders welcomed the news that U.S. President Donald Trump was standing down from imposing further tariffs on European countries — but others were left bewildered. Trump told CNBC on Wednesday that he had the "concept of a deal" with NATO Secretary General Mark Rutte, short

China's sharp investment downturn is amplifying credit risks across the economy, particularly homebuilders, real estate, banks and construction sectors, Fitch Ratings has warned, as a slowing economy crimps their growth and the ability to repay debt. Fixed-asset investment in China, or FAI, declined

China has doubled down on its criticism of the trade deal between Taiwan and the U.S. agreed last week, warning that it would benefit Washington, while eroding the island's industrial strength. The trade agreement saw U.S. tariffs on the Taiwan's exports reduced to 15% with Taipei committing billion

The U.K. inflation rate rose to 3.4% in December, above forecasts of 3.3% from economists polled by Reuters. The inflation rate had cooled sharply to 3.2% in the twelve months of November, with the data encouraging the Bank of England to cut interest rates at its final meeting of the year last month

China's central bank kept its loan prime rates unchanged on Tuesday as the authorities focus on targeted support for specific sectors to bolster a slowing economy instead of broad policy easing. The People's Bank of China held its 1-year and 5-year loan prime rates at 3% and 3.5%, respectively, keep

European states are reportedly considering retaliatory tariffs and broader punitive economic counter-measures against the U.S. after President Donald Trump threatened fresh export levies, deepening a rift over Greenland. Trump announced Saturday that eight European countries would face increasing ta