Powell: Economic outlook remains ‘favorable’ despite risksThe Federal Reserve held interest rates steady following its two-day meeting this week and indicated that no action is likely next year amid persistently low inflation. Federal Reserve Chairman Jerome Powell holds a press conference following the decision to hold rates.

Powell: Low productivity likely holding back wage gainsThe Federal Reserve held interest rates steady following its two-day meeting this week and indicated that no action is likely next year amid persistently low inflation. Federal Reserve Chairman Jerome Powell answers questions following the decision to hold rates.

Fed hurdle for tightening exceedingly high: Fmr PIMCO chief economistFederal Reserve Chairman Jerome Powell just held a press conference following the decision to hold rates. Paul McCulley, former PIMCO chief economist; Michelle Meyer of Bank of America; and Josh Brown, CEO of Ritholtz Wealth Management join CNBC’s “Closing Bell” team to break down Powell’s presser and the Fed’s monetary policy decisions.

U.S. software firm Salesforce is predicted to be the best company to work for in France in 2020, according to rankings by global jobs site Glassdoor. The analysis was based on reviews from companies with more than 1,000 employees, with at least 20 current and former workers rating their employer across eight attributes. In fourth place, German software firm SAP was the only other company not headquartered in France to make the top 10. In fact, in the wider rankings, companies headquartered in Fr

Automaker Porsche has been named the best employer in Germany for 2020, in a new analysis. The luxury vehicle manufacturer was ranked as the number one firm to work for in the country in a report published Wednesday by global jobs site Glassdoor. Infineon employees told Glassdoor they were happy with their pay, flexible working hours and being given autonomy over their work schedules. Engineering firm Bosch was named Germany’s third-best employer, with workers satisfied with career development o

SALFORD, ENGLAND – NOVEMBER 19: In this handout image supplied by ITV, Prime Minister Boris Johnson and Leader of the Labour Party Jeremy Corbyn shake hands during the ITV Leaders Debate at Media Centre on November 19, 2019 in Salford, England. More than a fifth (22%) said they would vote to keep the right-leaning Conservative Party in power, while 15% said they planned to support centrist party the Liberal Democrats. University feesThe biggest shake-up for student finances would come from Jerem

Johnson’s center-right Conservative government holds a commanding lead in the latest opinion polls, with just one day to go before the election. CNBC takes a look at all you need to know about Britain’s voting system. British Prime Minister and Conservative leader Boris Johnson arrives to speak at a general election campaign rally on December 9, 2019 in Quedgeley, near Gloucester, England. The U.K will go to the polls in a general election on December 12. If, as in 2017, the election produces an

The pound could rally to 1.40 against the dollar: Standard CharteredEric Robertsen of Standard Chartered Bank says fiscal stimulus will be “extremely positive” for the British pound. He says he expects the U.K. to pursue a fiscal program over the next 18 months.

UK stocks indicate ‘high potential’ for a hung parliament: Daryl GuppyThe U.K. stock market is still stuck “sideways,” and that suggests there may not be a clear resolution from the elections, says Daryl Guppy of Guppytraders.com. He also says the Indian stock market may see a correction.

‘Disturbing’ that every Brexit scenario is still possible: CEO”Agony” will continue if the U.K. election leads to a hung parliament, says Nicolas Mackel of Luxembourg for Finance.

Goldman Sachs sees a “pretty big opportunity” for the Indonesian rupiah in 2020, according to one strategist at the investment bank. On the domestic front, Indonesia is “a story of stability,” Pandl told CNBC’s “Squawk Box” on Friday. You have a pretty good governance picture in Indonesia and you have a central bank that is trying to keep the currency relatively stable.” The rupiah, which was at 14,010 per dollar on Wednesday morning Asia time, has risen more than 2.5% so far this year. Pandl sa

Scammers, fraudsters, insider traders, Ponzi schemers, stock spoofers — the Securities and Exchange Commission has seen it all. This year, for example, the SEC brought actions against 18 Chinese traders for manipulating the prices of over 3,000 stocks. Nissan was hit with a $15 million fine for false financial disclosures. Altogether, the SEC brought 862 enforcement actions and obtained judgments and orders totaling more than $4.3 billion in disgorgement and penalties in fiscal 2019. The message

Should political ads be banned online? Twitter has taken a stand on the issue, banning all political advertising from its platform last month. But Facebook, one of the biggest platforms for online advertising, has stood by its decision to accept political ads, even if they contain false information. He claimed the company can’t afford to take “half measures,” adding: “It needs to ban political ads.” But the feature has proven vulnerable, as thousands of political ads temporarily disappeared from

Why Forever 21 failed abroadForever 21 has practically been synonymous with “fast fashion,” and its massive stores have become a common fixture in America’s shopping malls. But the retailer is in trouble. Forever 21 filed for bankruptcy in September 2019, and the company is closing hundreds of stores, as its clothes become more interchangeable with “cheap” rather than “trendy.”

Apple CEO Tim Cook met with Singapore’s Prime Minister Lee Hsien Loong on Wednesday, according to a post from the politician. Lee said they had a “lively exchange on how the tech scene has changed since” they first met nearly four years ago. On what appears to be Soh’s private page, he said, “Tim tried Chwee Kueh, Carrot Cake, Soya Bean Milk but his favourite was pandan flavoured Gao Teng Kueh.” The carrot cake that Cook tried is likely a savory dish of stir-fried radish cake, and does not conta

Saudi Aramco, the world’s largest initial public offering (IPO), surged past expectations as it debuted on the country’s stock exchange on Wednesday morning. Shares of the state-owned oil company rose to 35.2 Saudi riyals ($9.38) from 32 riyals in early deals in Riyadh, up 10% and hitting their daily limit. Aramco CEO Amin Nasser told CNBC at the event that the company was pleased with the day’s results. The launch follows a weeks-long local roadshow around the Middle East that saw Aramco’s loca

Stephen Dickson, administrator of the Federal Aviation Administration (FAA), speaks during a House Transportation and Infrastructure Committee hearing on the Boeing Co. 737 Max aircraft in Washington, D.C., on Wednesday, Dec. 11, 2019. The Federal Aviation Administration could seek penalties against Boeing for failing to make disclosures about the 737 Max, the agency’s chief said at a House hearing Wednesday about the beleaguered plane. The FAA criticized the manufacturer earlier this year for n

Hassan Rouhani, Iran’s president, pauses whilst speaking during a news conference in Tehran, Iran, on Monday, Oct. 14, 2019. Bloomberg | Getty ImagesWASHINGTON — The U.S. will impose a fresh round of sanctions on Iran’s largest shipping company and biggest airline, the nation’s top diplomat announced Wednesday. The sanctions on Mahan Air, however, will take immediate effect. Earlier this year, Germany and France announced a ban on Mahan Air, in part, alleging the firm transports Iranian weapons

French government efforts to appease public sector workers with details of its pension reform look unlikely to end an ongoing nationwide strike. France has seen a pre-emptive nationwide strike over the last six days as public sector workers fear changes to their pension benefits. Other trade unions, such as the General Confederation of Labour (CGT) and the trade union for railway workers UNSA ferroviaire, have also appealed for a continuation of the strike. “It is time for a universal pension sc

U.S. Attorney for the Eastern District of New York Richard Donoghue, speaks during a news conference in his office, in the Brooklyn borough of New York, Tuesday, July 16, 2019. Richard Drew | APProsecutors in Brooklyn, New York, said in November that a Lithuanian man and an unknown co-conspirator emptied the brokerage accounts of hapless victims, stealing hundreds of thousands of dollars. From that trusted email, the scammer can send an urgent message that a payment needs to go to a new account.