Stocks are up, but consumer confidence in economy is down, CBS News poll finds – CBS News Watch CBS News Almost six in 10 Americans say the economy is in bad shape, according to a new CBS News poll. Stocks were up across the board on Tuesday though. Kelly O’Grady has more. Be the first…
A truck passes by shipping containers at the Port of Los Angeles. Mark Ralston | Afp | Getty Images A new wave of ocean freight from China is beginning to arrive at the Port of Los Angeles and Long Beach, an increased flow of shipping containers aiming to beat potential tariff increases. President Trump imposed…
Oil prices hit a five-month high over the weekend after the United States struck Iran’s nuclear facilities. Tehran retaliated with an attack on the US Al Udeid Air Base in Qatar, keeping global energy markets on edge. But oil prices dropped sharply on Tuesday after it appeared that Iran was holding off further attacks for…
Here are five key things investors need to know to start the trading day: 1. Market reaction Stocks closed higher Monday as investors hoped that the conflict between the U.S. and Iran would be contained. The Dow Jones Industrial Average climbed 374.96 points, or 0.89%, while the S&P 500 added 0.96% and the Nasdaq Composite rose 0.94%. “Geopolitical risks are undoubtedly…
Shoppers push carts in Ottawa on Tuesday, June 25, 2024. (THE CANADIAN PRESS/Sean Kilpatrick) · The Canadian Press Canada’s annual inflation rate remained flat at 1.7 per cent in May, according to the latest data from Statistics Canada released Tuesday. The federal agency says a smaller price increase for rent and a decline in travel…
All but one of the 21 Hongkongers who were in Israel or Iran have left those countries safely, Hong Kong’s leader has said, adding that escalating tensions in the Middle East will not affect the city’s efforts to develop markets there. Chief Executive John Lee Ka-chiu said on Tuesday that the Immigration Department had received…
China is publicly “deeply concerned” about events in the Middle East but privately is probably celebrating. America is off to war again, and China will be the winner as it has been for two decades. Throughout China’s rise as an industrial power since it joined the World Trade Organization on December 11, 2001 — exactly…
-The comparison between Ford (NYSE: F) and Tesla (NASDAQ: TSLA) is valuable and valid because it speaks to where the auto industry is headed and highlights the relative position of each company as it moves toward electric vehicles and robotaxis. Whether it’s a legacy automaker (Ford) or a dedicated battery electric vehicle company(Tesla), the key…
At a time when strategists across Wall Street are dialing back their recession probabilities, Peter Berezin of BCA Research is doubling down. President Donald Trump’s 90-day tariff pause was enough to ease the worries of some investors, but the chief global strategist at BCA has maintained his bearish outlook. While Berezin has lowered his recession…
US President Donald Trump announced on Saturday that the US military carried out an aerial attack on three Iranian nuclear sites, following days of appeals by Israel for the American military to join its attacks on the Islamic republic, and vowed to launch more attacks if Tehran does not stand down. Trump delivered an address…