CNBC Economy

Maersk CEO Vincent Clerc said it was unclear whether Red Sea trade would resume in "days, weeks or months."

The beleaguered lira has fallen some 37% against the U.S. benchmark over the past year.

The Saudi government expects $20 billion in deals will be signed at the annual minerals forum in Riyadh this week.

The consumer price index is projected to have risen 0.2% in the final month of 2023, or 3.2% for the full year.

Retailers chalked up solid gains in the final month to wrap up the holiday season, according to the CNBC/NRF Retail Monitor for December.

The world economy is moving into a new so-called super-cycle, with AI and decarbonization being driving factors, a Goldman Sachs analyst says.

The state of the U.S. economy may be a chief concern among Americans, but 2023 wound up as a pretty good year for the macroenvironment.

Nonfarm payrolls were expected to increase by 170,000 in December, according to a Dow Jones consensus estimate.

Black Americans, the group with the highest jobless percentage in the country, saw their jobless rate dip to 5.2% in December from 5.8% in the previous month.

Hiring for government jobs and health care led the gains to close out 2023.

When the December jobs report is released Friday morning, markets will be looking for a number that hits a sweet spot.

Musalem, 55, will start on April 2. He replaces James Bullard, who joined Purdue University last August.

Private payrolls increased by 164,000 for the month, a substantial rise from the downwardly revised 101,000 in November.

The JOLTS report showed employment listings nudged lower to 8.79 million, about in line with the Dow Jones estimate for 8.8 million.

Notable overseas investments in 2023 included Nintendo in Japan and Vale Basic Materials in Brazil. 

Faced with weakening demand, price-sensitive consumers and easing inflation, some sectors are now forced to grow profits without the tailwind of price hikes.

Anger about higher prices appears to outweigh the benefits of a hot labor market in the minds of consumers.

The core personal consumption expenditures price index was expected to increase 0.1% in November and 3.3% from a year ago.

The U.K. is edging closer to technical recession after revised figures showed the economy shrank in the previous quarter.

The U.K. and Switzerland on Thursday signed a post-Brexit financial services deal designed to bring two of Europe's largest banking centers closer together.