US productivity drops by most since the fourth quarter of 2015
American workers were unexpectedly less productive during the third quarter, with growth in their output failing to keep up with hours worked. The Labor Department said on Wednesday nonfarm productivity, which measures hourly output per worker, fell at a 0.3%...
Sony’s venture arm is ‘optimistic’ about Europe’s tech sector and thinks it can rival the US
A visitor holds illuminated controllers while wearing a prototype of the Sony Project Morpheus virtual reality gaming headset at the IFA tech show in Berlin, Germany, on Sept. 3. Chris Ratcliffe | Bloomberg | Getty Images LISBON, Portugal — Europe’s...
Dimon says problems like the repo lending crunch could happen ‘increasingly if we’re not careful’
Jamie Dimon, CEO of JP Morgan Chase, speaking at the Business Roundtable CEO Innovation Summit in Washington, D.C. on Dec. 6th, 2018. Janvhi Bhojwani | CNBC The kinds of problems that sent short-term lending rates soaring in mid-September could happen more...
US services companies growth rebounds in October
An employee helps a guest at the Waldorf Astoria in New York City. Getty Images U.S. service companies grew at a faster pace in October after sinking to a three-year low in September. The Institute for Supply Management, an association...
The trade deficit got smaller in September as the US and China work toward tariff truce
The U.S. trade deficit with its global partners contracted to $52.5 billion in September as the White House continued its efforts to close the gap in goods and services, according to a Commerce Department report Tuesday. The deficit was slightly...
China presses Trump to remove more tariffs in ‘phase one’ trade deal
President Donald Trump, left, and Xi Jinping, China’s president, shake hands during a news conference at the Great Hall of the People in Beijing, China, on Thursday, Nov. 9, 2017. Qilai Shen | Bloomberg | Getty Images China is pushing...
Xi Jinping set to speak at expo as China promotes itself as an importer amid trade war
China’s President Xi Jinping delivers a speech during the opening of the Boao Forum for Asia (BFA) Annual Conference 2018 in Boao, south China’s Hainan province on April 10, 2018. AFP | Getty Images SHANGHAI — Chinese President Xi Jinping...
Foreign money into Singapore has been up ‘quite sharply’ in recent months, JP Morgan says
J.P. Morgan says foreign exchange deposits into Singapore’s banks have ramped up “quite sharply” in recent months. It comes amid growing unrest in Hong Kong which has reportedly driven investors and companies to move their money elsewhere. Singapore has been...
How this money manager uses his military background to maximize returns
Dryden Pence, chief investment officer at Pence Wealth Management. Source: Pence Wealth Management (This story is part of the Weekend Brief edition of the Evening Brief newsletter. To sign up for CNBC’s Evening Brief, click here.) There are several approaches...
The outcome of the US, China trade negotiations will make or break these stocks into year-end
Chinese President Xi Jinping (R) and US President Donald Trump at the Great Hall of the People in Beijing on November 9, 2017. Nicholas Asfouri | AFP | Getty Images (This story is part of the Weekend Brief edition of...
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