Treasury Secretary Janet Yellen speaking with CNBC's Sara Eisen (not shown) at the U.S Treasury Department on Jan. 8th, 2024.CNBCFormer Treasury Secretary Janet Yellen will be joining an advisory board for bond giant Pimco, CNBC has learned.Joining other prominent officials in the world of economics and finance, Yellen, who...
People take pictures of the U.S. Treasury Department building in Washington, D.C., on Feb. 6, 2025.Mandel Ngan | AFP | Getty ImagesThe Treasury Department is planning to furlough a "substantial" level of its workforce in conjunction with Elon Musk's efforts to shrink the size of the federal government, according...
Rachel Reeves, UK chancellor of the exchequer, outside 11 Downing Street ahead of presenting her budget to parliament in London, UK, on Wednesday, Oct. 30, 2024. Bloomberg | Bloomberg | Getty ImagesHome improvement retailer Kingfisher became the latest British company to report a negative impact from U.K. Finance Minister Rachel...
Shoppers walk near a Nordstrom store at the Westfield UTC shopping center on Jan. 31, 2025 in San Diego, California.Kevin Carter | Getty ImagesConsumer confidence dimmed further in March as the view of future conditions fell to the lowest level in more than a decade, the Conference Board reported...
U.S. dollar banknotes and a label with the word "Recession" are seen in this illustration taken March 19, 2025. Dado Ruvic | ReutersChances that the U.S. is heading for a recession are close to 50-50, according to a Deutsche Bank survey that raises more questions about the direction of the...
A view of the Internal Revenue Service (IRS) building in Washington, D.C., U.S., February 16, 2025. Annabelle Gordon | ReutersOfficials at the Internal Revenue Service and Treasury Department are anticipating tax revenue to drop more than 10% by April 15 compared with last year, the Washington Post reported Saturday, citing...
LONDON — Some investors are expressing a growing optimism about the U.K.'s economic outlook despite the country's long-standing structural weaknesses, as its neighbors in the European Union deepen their trade dispute with the United States.That upbeat tone wasn't reflected in the messaging of the Bank of England, as it...
Chicago Federal Reserve President Austan Goolsbee said Friday he still sees interest rate cuts in the cards though risks are rising to that outlook.Speaking two days after he and his colleagues again voted to keep short-term rates steady, Goolsbee told CNBC that he's been hearing more concerns from businesses...
Accenture signage is pictured in Warsaw, Poland, on Aug. 7, 2024.leksander Kalka | Nurphoto | Getty ImagesShares of Accenture slid Thursday after the consulting firm said tighter federal spending efforts have begun to weigh on its revenues.Shares tumbled nearly 8% in Thursday trading after Accenture's chief executive officer said...
Vithun Khamsong | Moment | Getty ImagesIt is becoming harder for Americans to come up with money in case of an emergency, according to a recent survey from the New York Federal Reserve.The bank's Survey of Consumer Expectations for February found that the average likelihood of Americans being able...