President Donald Trump has floated the idea of buying Greenland multiple times. Danish Prime Minister Mette Frederiksen has called the notion "absurd." It has triggered a diplomatic row of sorts.Yet Trump's interest in Greenland is just the latest indication of the island's increasing geopolitical importance. It is...
HAMBURG, GERMANY - JULY 07: German Chancellor Angela Merkel, former British Prime Minister Theresa May, US President Donald Trump and Chinese President Xi Jinping at the first session of the G20 summit on July 7, 2017 in Hamburg, Germany.Pool | Getty Images News | Getty ImagesThe United States...
Kansas City Federal Reserve President Esther George disagrees with the U.S. central bank's move to cut interest rates last month, saying the economy is still strong. "My sense was we've added accommodation, and it wasn't required in my view," George told CNBC's Steve Liesman in an interview that...
The number of Americans filing applications for unemployment benefits fell sharply last week, suggesting the labor market was holding firm despite a manufacturing slowdown and concerns the economy is on a path toward recession.Initial claims for state unemployment benefits dropped 12,000 to a seasonally adjusted 209,000 for the...
Economist Art Laffer, a supporter of President Donald Trump, warned Thursday on CNBC about the moral hazard of having the kind of negative interest rates seen across Europe and in Japan. "If I could borrow without paying any interest, or ever paying the money back, I would borrow...
Kansas City Fed President Esther George said the Federal Reserve may be partly responsible for the yield curve inversion. "I think the Fed still has a large balance sheet, and that could be putting some downward pressure on those longer-term rates," George told CNBC's Steve Liesman from the...
Donald Trump plays a round of golf after the opening of The Trump International Golf Links Course on July 10, 2012 in Balmedie, Scotland.Ian MacNicol | Getty ImagesPresident Donald Trump insisted Wednesday that the economy is healthy and said the only thing holding U.S. growth back is the...
A pedestrian passes in front of a statue of a bull in the Wall Street area in New York City.Doug Kantor | AFP | Getty ImagesThe downtrend in some global economies is becoming contagious as weakness in the manufacturing sector begins to spread, according to Morgan Stanley, which...
Kevin O'Leary told CNBC on Wednesday he's confident the U.S. is not nearing a recession. "There is no recession coming in America," said O'Leary, known on "Shark Tank" as "Mr. Wonderful."O'Leary, chairman of O'Shares ETFs, pointed toward rising cash flows and consumer spending in the U.S....
Federal deficits are expected to swell to higher levels over the next decade than previously expected, the nonpartisan Congressional Budget Office said in a new report Wednesday.The CBO also said that President Donald Trump's tariffs are projected to shrink gross domestic product by 2020, and warned that further...