An Hour Ago Indonesia’s second quarter GDP grew above analysts’ expectations Indonesia’s gross domestic product for the second quarter expanded 5.17% year-on-year, higher than analyst forecasts of a 4.93% growth, according to Refinitiv data. On a quarterly basis, the Southeast Asian nation’s GDP grew 3.86%. —Lee Ying Shan An Hour Ago Thailand’s July inflation numbers … Read more
A ‘help wanted’ sign is displayed in a window of a store in Manhattan on December 2, 2022 in New York City. Spencer Platt | Getty Images This report is from today’s CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no … Read more
A scene at the World Harvest Food Bank in Los Angeles, CA on July 27, 2023. Katie McTiernan | Anadolu Agency | Getty Images This report is from today’s CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they … Read more
A shopper makes their way through a grocery store on July 12, 2023 in Miami, Florida. Joe Raedle | Getty Images News | Getty Images This report is from today’s CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where … Read more
Stocks have given back some of their impressive first-half gains in recent days. The Labor Department’s June readout of nonfarm payrolls showed a job market that’s beginning to ease. Twitter accused Meta of stealing trade secrets in the development of its new Threads app. Traders on the floor of the NYSE, July 6, 2023. Source: … Read more
The U.S. dollar has been king in global trade for decades — not just because the U.S. is the world’s largest economy, but also because oil, a key commodity needed by all economies big and small, is priced in the greenback. Most commodities are also priced and traded in U.S. dollars. But since the Federal … Read more
The Federal Reserve raised its benchmark interest rate by 50 basis points on Wednesday, which sends small business loans to the double-digits percentage range for the first time in decades. Small business loans are based on the Prime Rate, which will now be 7.5%, the highest since 2007 and pushing most SBA loans to a … Read more