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Economics at cnbc.com

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15

Rents across the U.S. grew for the first time in 6 months — only Arizona saw price drops in every metro

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One of the main drivers of high housing costs is low supply. Cities in this state are boosting supply, helping push rental prices down.

Xiaomi releases electric car $4k cheaper than Tesla's Model 3 as price wars heat up

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Chinese smartphone company Xiaomi said Thursday it will sell its first car for far less than Tesla's Model 3, as price wars heat up in China's fiercely competitive electric car market.

Jim Cramer's top 10 things to watch in the stock market Thursday

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Stock futures are flat Thursday as the S&P 500 looked to finish its best first-quarter performance since 2019.

Schlumberger to invest nearly $400 million in carbon capture company in push to scale technology

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SLB is targeting $3 billion in revenue from its new energy business by the end of the decade, with carbon capture and storage expected to play a leading role.

14

How much money Americans in their 50s have in their 401(k)s

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Retirement is in view for Americans in their 50s. However, many have less saved than they may want. A retirement expert's tips to get on track.

13

Walgreens tops quarterly revenue estimates, but narrows profit outlook in 'challenging' economy

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Walgreens posted a steep net loss for the quarter as it recorded a hefty goodwill impairment charge related to its primary-care provider VillageMD.

12

Home Depot is acquiring specialty distributor SRS for $18.25 billion in huge bet on growing pro sales

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Home Depot is making the largest acquisition in its history as its sales growth stagnates.

Cramer: The 3 things I want to see in a stock before buying in this bull market

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When I dug into our portfolio, I was surprised at how few of the stocks I would buy right now after their phenomenal runs.

10

Top ad guru Martin Sorrell downplays chances of Trump's Truth Social capturing serious market share

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Advertising guru Martin Sorrell questioned the prospects of Donald Trump's Truth Social platform, describing major ad sales as currently "unfathomable."

Don't sweat the prospect of no Fed rate cuts, economist says — markets will still march higher

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Markets will continue to rally even if the Fed chooses not to cut interest rates this year, according to Steven Blitz, TS Lombard's chief U.S. economist.

09

UBS chief's surprise return to the Swiss banking giant bagged him a $15.9 million paycheck

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UBS CEO Sergio Ermotti earned 14.4 million Swiss francs ($15.9 million) in 2023 after his surprise return to the helm of the Swiss banking giant.

CNBC Daily Open: Focus turns to key inflation data

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Wall Street is set to get more insight on the underlying trends of inflation.

08

China's Xi tells U.S. CEOs that bilateral relations can have a 'brighter future'

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Chinese President Xi Jinping told U.S. executives that bilateral relations can improve, and pledged that Beijing would keep working to improve the business environment.

07

Standard Chartered says Japan 'very, very close' to yen intervention

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The yen's 34-year low has prompted market speculation over potential government intervention to support its currency.

05

Xi tells Dutch prime minister: No force can stop China’s tech advance

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Chinese President Xi Jinping and Dutch Prime Minister Mark Rutte met in Beijing for talks on subjects such as the critical semiconductor industry.

03

A new Japanese restaurant tops 'Asia's 50 Best Restaurants' list

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Tokyo's Sézanne topped this year's list, which included restaurants in 19 cities across the continent.

02

China-made vehicles will comprise a quarter of Europe's EV sales this year, study shows

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The share of made-in-China vehicles in the region is expected to rise to just over 25% in 2024, according to T&E research.

01

UnitedHealth Group has paid more than $3 billion to providers following cyberattack

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UnitedHealth Group has paid out more than $3.3 billion to providers impacted by Change Healthcare cyberattack

Trump targets New York hush money trial judge's daughter day after gag order

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The Truth Social posts by Donald Trump were written after New York Judge Juan Merchan imposed a gag order limiting what Trump can say about the case.

TikTok makes $2.1 million TV ad buy as Senate reviews bill that could ban app

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TikTok opened a new front in its lobbying campaign against a bill that could effectively ban the app in the United States.

Wednesday, Mar 27

00

China's economy is on track for 'strong' March performance, survey says

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China's economy is ending the first quarter on a "strong" note, according to a business survey published by the China Beige Book on Thursday.

22

Remote workers who switch to in-office jobs are boosting their pay by as much as 30%, says new research

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Wage increases for in-person jobs coincide with more companies cracking down on enforcing their return-to-office mandates.

Yellen warns China's surplus of solar panels, EVs could be dumped on global markets

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Janet Yellen said she will confront her Chinese counterparts about their solar, EV trade practices in an upcoming visit to China.

21

Crypto is ‘like cayenne pepper’ for investors, money manager says: 'A little goes a long way'

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Investors who hold cryptocurrency like bitcoin only need to allocate a small share of their money to the digital assets to reap benefits, experts say.

Close to half of Americans back a ban or sale of TikTok, CNBC survey found

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In all, 47% of participants support a ban or sale of TikTok, according to the CNBC All-America Economic Survey.

20

Oil prices slip on U.S. crude stockpile increase

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U.S. commercial crude stockpiles rose by 3.2 million barrels for the week ending March 22, according to the Energy Information Administration.

18

Amazon spends $2.75 billion on AI startup Anthropic in its largest venture investment yet

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Amazon is spending billions more to back an artificial intelligence startup as it looks for an edge in this new technology arms race.

17

SEC scores big win in lawsuit against crypto exchange Coinbase

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The ruling in favor of the SEC comes as Coinbase has become a go-to partner for big Wall Street asset managers looking to offer cryptocurrency trading options.

Disney agrees to settle Florida lawsuit with special district backed by DeSantis

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The suit was related to the takeover of the district at the behest of Florida Gov. Ron DeSantis after Disney had opposed the state's "Don't Say Gay" law.

'Too early to judge': Global carmakers contend with closure at busiest U.S. auto port

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"The situation is still developing and we will do our best to make sure we find ways to distribute vehicles out into the market," Volkswagen USA CEO told CNBC.