Breaking News: Economy
- What Trump's reclassification of pot and CBD could mean for seniors, research and stocks - Reclassification to a Schedule III drug and possible Medicare coverage for pot could unlock new investment from pharmaceutical companies.
- Hassett says Fed independence is ‘really important’ and chair candidates shouldn’t be disqualified for being Trump’s friend - Hassett declined in a CNBC interview to directly address his own candidacy but said forging consensus is an important part of the job.
- Payrolls rose by 64,000 in November, more than expected, delayed jobs numbers show - Nonfarm payrolls were expected to increase by 45,000 in November as the unemployment rate rose to 4.5%.
- High cost of goods is causing consumers to spend less for the holidays, CNBC survey finds - The latest CNBC All-America Economic Survey found the "high cost of goods" has emerged as a major factor affecting how much shoppers spend and where they spend.
- Goldman Sachs makes big bet on ETFs specializing in downside protection - Goldman Sachs Asset Management is making a big bet on defined outcome exchange-traded funds — which use options to help protect against market losses.
- Trump says Kevin Warsh is at top of Fed chair candidate list, president should be consulted on rates - MarketsTrump says Kevin Warsh is at top of Fed chair candidate list, president should be consulted on ratesPublished Fri, Dec 12 20253:52 PM ESTUpdated 4 Min Ag
- Fed's Goolsbee explains vote against rate cut, says central bank should have waited - Chicago Federal Reserve President Austan Goolsbee spoke Friday morning on CNBC.
- India’s inflation rises to 0.71% in November as decline in food, fuel prices loses steam - India's inflation in November rose after touching an all-time low in October due to rise in prices of food items, fuel.
- UK economy unexpectedly shrunk before Budget - The U.K. economy unexpectedly contracted in the three months to October, according to official figures released Friday.
- The case for more Fed rate cuts could rest on a 'systemic overcount' of jobs numbers - There are indications that policymakers will be more inclined to cut further if the labor market stays weak.