Markets are counting on the Fed to head off recession with sizeable interest rate cuts
How Chair Jerome Powell and his cohorts react likely will go a long way in determining how investors negotiate a turbulent climate.
Financial News
Investors are unwinding the biggest ‘carry trade’ the world has ever seen, SocGen strategist says
Carry trades refer to trades wherein an investor borrows in a currency with low interest rates and reinvests the proceeds in higher-yielding assets elsewhere.
Retiring Corvette ‘godfather’ on EVs, spinoff and a performance SUV
The “godfather” of GM’s modern day Corvettes Tadge Juechter retired Wednesday after roughly 47 years with the automaker, including 31 years devoted to Corvette.
Intel has worst day on Wall Street in 50 years, falls to lowest price in over a decade
Intel shares cratered on Friday, dragging down Asian stocks including Samsung and TSMC as well as other chipmakers.
Google pulls AI ad for Olympics following backlash
Google was criticized for using artificial intelligence to write a fan letter to an Olympic athlete.
Europe markets close 1.3% lower after U.S. data, Bank of England cut; banks tumble 4.5%
European markets closed lower on Thursday as investors processed a raft of central bank action and fresh U.S. economic data.
Middle East on knife-edge after killing of Hamas leader in Iran; Israel’s opponents vow retaliation
Iran has pledged to retaliate, but how it does so could determine how intensely the conflict escalates.
UAE set to welcome even more millionaires as wealthy individuals abandon the UK
“Push factors include the prospect of higher taxes under a new Labour government,” one investor told CNBC.
Apple releases first preview of its long-awaited iPhone AI
Apple on Monday released the first version of Apple Intelligence.
Trump proposes strategic national crypto stockpile: ‘Never sell your bitcoin’
Donald Trump headlined Bitcoin 2024, his latest move in a months-long campaign to appeal to the crypto contingent.