World

The chances that the U.S. will experience a recession in 2025 have increased because of the tariffs it has implemented, Alec Kersman, managing director and head of Asia-Pacific at Pimco, said at CNBC’s CONVERGE LIVE event in Singapore on Wednesday. There is a “maybe 35% probability” that the U.S. will enter a recession this year, Kersman told CNBC’s Martin Soong. That’s up …

With no more drafts in the NWSL, college players entering the league have a number of challenges coming their way. First, there’s getting a contract with a club, and later, earning minutes on a team with seasoned veterans. Ahead of the NWSL 2025 regular season, nearly every club has invited or signed an incoming former collegiate player, but how they’ll …

Bridgewater founder Ray Dalio on Wednesday warned that a “very severe” supply-demand problem regarding U.S. debt. “The first thing is the debt issue, we have a very severe supply-demand problem,” Dalio told CNBC’s Sara Eisen at CONVERGE LIVE in Singapore. Dalio, who was speaking on the same panel as Salesforce CEO Marc Benioff, said this will require the White House …

Well, I hope you enjoyed that. The Champions League might not get any better than this between now and Munich. Over three and a half hours, there was nothing to settle the two best teams in the field but a battle of nerves from 12 yards out. It was those of Darwin Nunez and Curtis Jones that crumbled, the top …

Marc Benioff, Chairman & CEO of Salesforce, speaking on CNBC’s Squawk Box outside the World Economic Forum in Davos, Switzerland on Jan. 22nd, 2025. Gerry Miller | CNBC Salesforce on Wednesday announced plans to invest $1 billion in Singapore over the next five years. The cloud software giant said the investment is designed to accelerate the country’s digital transformation and the …

Another edition of the Madrid derby will take place in the UEFA Champions League on Wednesday with Atletico Madrid hosting Real Madrid as both sides eye a spot in the quarterfinals. Reigning champions Real Madrid won 2-1 in the first leg, but the narrow margins and the competitive nature of last week’s game sets up for an intriguing conclusion to …

U.S. Treasury yields rose on Tuesday as investors awaited the latest reading on the consumer price index report. The benchmark 10-year Treasury yield was nearly 7 basis points higher at 4.278%. The 2-year Treasury yield was last 4 basis points higher at 3.937%, after earlier in the day falling to its lowest level since October. One basis point is equal to 0.01%, and yields and …

Lamine Yamal, making the extraordinary look perfunctory since… 2007. Just when you thought Barcelona’s young superstar had hit the upper ceiling of what could reasonably be expected from a 17-year-old on a football pitch, he goes and blows a hole in a Champions League knockout tie with two of the most outstanding moments of brilliance the competition has seen this …

Ontario Premier Doug Ford speaks during a campaign stop at Walker Construction in Niagara Falls, Ontario, Canada, on Jan. 31, 2025. Carlos Osorio | Reuters Ontario Premier Doug Ford on Tuesday said he was temporarily suspending his province’s planned 25% surcharge on electricity exported to the U.S. after Commerce Secretary Howard Lutnick agreed to renewed trade talks. Ford said he …

The Round of 16 of the UEFA Champions League resumes on Tuesday when Liverpool hosts Paris Saint-Germain for the second leg of their two-leg series on Paramount+. Liverpool hold a 1-0 advantage on aggregate entering the match and can advance to the UCL quarterfinals with a draw or win. However, don’t let the first-leg result fool you, as PSG dominated possession …