DUBAI, United Arab Emirates — Dubai’s property scene is showing no sign of cooling off, as 2024 is on track to be another record year in terms of sales figures and property values, according to local real estate firms. Increasing demand for property, especially in the luxury space, is boosting prices not just of homes, … Read more
Maremagnum | Corbis Documentary | Getty Images LONDON — The U.K. economy continued to flatline in July on a month-on-month basis, flash figures published from the Office for National Statistics showed Wednesday. Gross domestic product (GDP) came in below the expectations of economists polled by Reuters, who had forecast growth of 0.2%. The country also … Read more
Jamie Dimon, Chairman and Chief Executive officer (CEO) of JPMorgan Chase & Co. (JPM) speaks to the Economic Club of New York in Manhattan in New York City, U.S., April 23, 2024. Mike Segar | Reuters JPMorgan Chase CEO Jamie Dimon said Tuesday he wouldn’t rule out stagflation, even with greater confidence recently that inflation … Read more
In this combination of photos taken in Pennsylvania, Democratic presidential nominee Vice President Kamala Harris speaks at a campaign event, Aug. 18, 2024, in Rochester, left, and Republican presidential nominee former President Donald Trump speaks during a campaign event, Aug. 19, 2024, in York. AP A gauge of economic misery that has a strong track … Read more
Turkish Foreign Minister Hakan Fidan attends the BRICS+ session on a two-day BRICS foreign ministers summit held in Nizhny Novgorod, Russia on June 11, 2024. Sefa Karacan | Anadolu | Getty Images Turkey’s request to join the BRICS alliance is a move seen as both strategic and symbolic as the Eurasian country of 85 million … Read more
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 rebound: Stocks were rebounding to start the week, recovering some of Friday’s steep losses. It looked like some dip buying after last week’s brutal start … Read more
For months, economists have wrestled with the disconnect between how well the economy is doing and how badly people feel about their financial standing. Now, evidence suggests that the so-called vibecession, or that prolonged period of negative sentiment about the economy, appears to be ending, according to Michael Pearce, deputy chief U.S. economist at Oxford Economics. As inflation cools … Read more
We’re selling 25 shares of Procter & Gamble at roughly $176 each. Following Monday’s trade, Jim Cramer’s Charitable Trist will own 325 shares of P & G, decreasing its weighting to 1.75% from 1.9%. Consumer goods powerhouse Procter & Gamble has been a solid performer lately, rallying to new all-time highs in a weak tape … Read more
Italian Prime Minister Mario Draghi during the press conference at the Multifunctional Hall of the Prime Minister on July 12, 2022 in Rome, Italy. Massimo Di Vita | Mondadori Portfolio | Getty Images Economic growth in the European Union continues to lag behind that of China and the United States, threatening the bloc’s goals of … Read more
Khalid Al-Falih, Saudi Arabia’s investment minister, during the Bloomberg New Economy Forum in Singapore, on Wednesday, Nov. 8, 2023. Bloomberg | Bloomberg | Getty Images Saudi Minister of Investment Khalid al-Falih pushed back against skepticism over the country’s economic diversification plan, as Riyadh touts “green shoring” investment opportunities to woo foreign financing. “There was many … Read more
