The sign of the 7th China International Import Expo is seen with the skyline of the Lujiazui Financial District in the background on Nov. 2, 2024, in Shanghai, China. VCG | Visual China Group | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up…
Traders work on the floor of the New York Stock Exchange on Jan. 15, 2025, in New York City. David Dee Delgado | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they…
Traders work on the floor of the New York Stock Exchange on Jan. 15, 2025 in New York City. David Dee Delgado | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they…
Will the bull market continue into 2025? getty Happy New Year, all. My overall macro theme for 2024 was An Expansion of the Rally. The theme ultimately proved to be accurate, as the dominance of the Magnificent 7 stocks (Nvidia, Apple, Microsoft, Amazon.com, Alphabet, Tesla and Meta Platforms) dissipated during the second half of the…
The Bank of China, one of the world’s largest financial institutions, is reportedly blocking yuan-denominated transfers from countries believed to be exporting to Russia in a setback to Russian importers attempting to bypass U.S. sanctions. Early this year, Russian traders expressed mounting frustrations over Chinese banks delaying and even rejecting cross-border transactions in yuan, wary…
Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Market rotation: The Dow was the big winner Monday, tracking for its first close above 44,000. However, the pressure on the S & P 500 and…
President Donald Trump looks on as his nominee for the chairman of the Federal Reserve Jerome Powell takes to the podium during a press event in the Rose Garden at the White House, November 2, 2017 in Washington, DC. Drew Angerer | Getty Images Talk about an eventful week. Normally, when the Fed cuts interest…
Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Market moves: The stock market tacked on some additional gains after the Federal Reserve on Thursday afternoon cut interest rates by 25 basis points. It was…
(Reuters) – Chinese regulators have asked the country’s banks to lower the rates they pay to deposits from other financial institutions to free up funds to boost the economy, Bloomberg News reported on Thursday, citing people familiar with the matter. China’s interest rate self-disciplinary mechanism, a supervisory body overseen by the central bank, said banks…
Donald Trump is headed back to the White House. Investors believe that’s much better news for some sectors of the U.S. economy than others—and the same goes for different parts of individual Americans’ stock portfolios. Some plays seem obvious. Trump has traditionally been viewed as positive for banks and fossil fuel companies but a scourge…