Allan Baxter | Photolibrary | Getty Images Asia-Pacific’s leading index erased its year-to-date gains and is now flat in 2023 as bank stocks led declines Tuesday. The MSCI Asia Pacific index hit...
Tag: World Markets
Bill Ackman says U.S. did right thing in protecting SVB depositors
A sign hangs at Silicon Valley Banks headquarters in Santa Clara, California on March 10, 2023. Noah Berger | AFP | Getty Images Billionaire investor Bill Ackman said the U.S. government’s actio...
Goldman Sachs no longer expects the Fed to hike rates in March
Goldman Sachs logo displayed on a smartphone. Omar Marques | SOPA Images | LightRocket via Getty Images Goldman Sachs no longer sees a case for the Federal Reserve to deliver a rate hike at its meetin...
OECD says global economic outlook ‘slightly better’ for 2023
People shop near prices displayed in a supermarket on February 13, 2023 in Los Angeles, California. Mario Tama | Getty Images News | Getty Images OECD Secretary-General Mathias Cormann said the globa...
HSBC reports Q4, full year 2022 earnings
Hong Kong observation wheel, and the Hong Kong and Shanghai Bank, HSBC building, Victoria harbor, Hong Kong, China. Ucg | Universal Images Group | Getty Images HSBC on Tuesday reported fourth-quarter ...
Markets fall on hot economy, chance of 0.5% rate hikes
James Bullard, president of Federal Reserve Bank of St. Louis, at the Jackson Hole economic symposium, in Moran, Wyoming, U.S., on Thursday, Aug. 22, 2019. David Paul Morris | Bloomberg | Getty Images...
U.S. stocks don’t seem bothered by inflation
People walk along 5th Avenue in Manhattan, one of the nation’s premier shopping streets on February 15, 2023 in New York City. Spencer Platt | Getty Images News | Getty Images This report is fro...
U.S. stocks don’t seem concerned about inflation
People walk along 5th Avenue in Manhattan, one of the nation’s premier shopping streets on February 15, 2023 in New York City. Spencer Platt | Getty Images This report is from today’s CNBC...
Stocks were steady even as U.S. inflation rose
U.S. egg prices jumped by two to three times in January. Fatih Aktas | Anadolu Agency | Getty Images This report is from today’s CNBC Daily Open, our new, international markets newsletter. CNBC ...
Inflation is more complex than markets believe
An aerial daytime view of a container ship on The Solent Sea, U.K. Karl Hendon | Moment | Getty Images This report is from today’s CNBC Daily Open, our new, international markets newsletter. CNB...
January’s consumer price index might surprise markets
Michael H | Digitalvision | Getty Images This report is from today’s CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they n...
U.S. inflation is ‘far stickier’ and could last a decade
U.S. inflation is likely to be “far stickier” and could last a decade, according to Bill Smead, chief investment officer at Smead Capital Management. Wall Street is gearing up for key infl...
Lucid raises $1.5 billion from Saudi public wealth fund, others
Lucid Motors CEO Peter Rawlinson claps after ringing the opening bell at the Nasdaq MarketSite as Lucid Motors (Nasdaq: LCID) begins trading on the Nasdaq stock exchange after completing its business ...
Swiss central bank lifts interest rates by 50 basis points to counter ‘further spread of inflation’
The Swiss National Bank hikes interest rates again. FABRICE COFFRINI / Contributor / Getty Images The Swiss National Bank increased its benchmark interest rate Thursday for the third time this year, t...
Fed hikes and a stronger dollar are fueling risks of political instability in Africa
ACCRA, GHANA – NOVEMBER 05: Ghanaians march during the ‘Ku Me Preko’ demonstration on November 5, 2022, in Accra, Ghana. People took to the streets of Ghana’s capital to protes...
HKEX CEO discusses trading halt rules as typhoon warning ends session early
One of the world’s biggest stock exchanges has a special policy for bad weather – it halts trade whenever authorities issue a typhoon warning of Signal 8, the third highest level, or higher. Nic...
Further 20% fall in U.S. stocks ‘certainly possible’: IMF director
A shift in investor sentiment could see a further 20% downside for U.S. stock markets, according to the International Monetary Fund’s director of monetary and capital markets. IMF research found...
What are the best business hotels in the Middle East: Dubai, Abu Dhabi
Preparing for a business trip to the Middle East? CNBC has made it easy to find the best hotel for the trip. CNBC Travel and the market data firm Statista today release a ranking of the “Best Ho...
Fed expected to stick with hawkish interest rate hikes, strategists say
The Federal Reserve is unlikely to pivot from its hawkish interest rate hikes despite positive signs this week that inflation in the U.S. could be easing, according to market strategists. On Thursday,...
Emirates airline, stung by soaring fuel prices, posts $1.1 billion dollar loss
Aircraft operated by Emirates, at Dubai International Airport in the United Arab Emirates. Christopher Pike | Bloomberg | Getty Images Dubai’s Emirates Airline posted a loss of $1.1 billion in t...
South Africa’s economy threatening downturn
DURBAN, South Africa – April 16, 2022: Massive debris at the Durban harbor following heavy rains, mudslides, rain and winds in Durban. The harbour serves as a bulwark for the economy of the city...
Paul Tudor Jones says he can’t think of a worse financial environment for stocks or bonds right now
Billionaire hedge fund manager Paul Tudor Jones said the environment for investors is worse than ever as the Federal Reserve is raising interest rates when financial conditions have already become inc...
U.S. universities reinstate mask mandates
Masked to protect against the coronavirus disease (COVID-19), senior Lauren Pyjar takes advantage of the warm sunshine to study outdoors at Georgetown University in Washington, March 9, 2021. Kevin La...
Michael Kors-parent Capri Holdings ditches CEO succession plan; shares fall
Joshua Schulman is seen at Michael Kors intimate Cocktail Party in Celebration of his 40th Anniversary on September 23, 2021 in Milan, Italy. Victor Boyko | Getty Images Capri Holdings has ditched its...
Stephen Roach says Russian default would hit emerging markets — and China
A man walks past Moscow’s stock market building in downtown Moscow on February 28, 2022. Natalia Kolesnikova | Afp | Getty Images Economist Stephen Roach warned effects from any default on Russi...
U.S. inflation data like a ‘punch in the stomach’ for the Fed: Citi
The latest U.S. January inflation data came in like a “punch in the stomach” for the Federal Reserve, which raises the possibility for an aggressive 50 basis points rate hike in March, the...
UBS says the Fed is behind the curve in shrinking the balance sheet
The Federal Reserve is behind the curve when it comes to shrinking the balance sheet, according to UBS Global Wealth Management’s Kelvin Tay. Fed Chairman Jerome Powell said Tuesday that he exp...