Breaking News: Economy
- Seizing Greenland risks 'monumental' fallout, ex-Iceland president warns, as Trump sharpens rhetoric - A U.S. attempt to seize Greenland by force would trigger "monumental consequences" for the Western alliance and the global order, said former Icelandic President Olafur Grimsson.
- Sen. Warren says Trump called her to work on credit card interest rate caps - Republicans on Capitol Hill have lightly thrown cold water on capping credit card interest at 10%.
- Wholesale inflation was softer than expected, retail sales moved higher in November - Wholesale prices moved up less than expected while consumers kept up a heavy buying pace, according to economic data Wednesday.
- Tariffs and AI's downside pose top global risks for business, World Economic Forum says - The report captures a shifting landscape where geoeconomic confrontation leaps to the top spot on the list of business worries over the next two years
- China's December exports sharply beat estimates, imports also top expectations - China's exports growth in December sharply beat expectations, catapulting the annual trade surplus to a record high.
- A major development in Trump's Fed feud is set to happen next week in the Supreme Court - Supreme Court arguments on Jan. 21 will likely be the next big development for the central bank's quest to maintain independence.
- Data center REIT CEO says real estate ‘not in an oversupply state’ - Andy Power, CEO of Digital Realty says data center real estate is not oversupplied as hyperscalers like Nvidia, Amazon, Google and Meta announce more projects.
- December core consumer prices rose at a 2.6% annual rate, less than expected - EconomyDecember core consumer prices rose at a 2.6% annual rate, less than expectedPublished Tue, Jan 13 20268:31 AM ESTUpdated 3 Min AgoJeff Cox@jeff.cox.7528@
- Global central bankers unite in defense of Fed Chair Jerome Powell - Global central bankers issued a statement Tuesday defending U.S. Federal Reserve Chair Jerome Powell following the launch of a criminal investigation into the central bank chief.
- Yellen says Powell probe 'extremely chilling' for Fed independence, market should be concerned - Former Fed Chair Janet Yellen spoke Monday to CNBC about a Department of Justice investigation into current Chair Jerome Powell.