U.S. crude oil was above $72 per barrel on Thursday after erasing most of its gains for the year as soft demand in China and worries about the U.S. economy weighed on the market. The U.S. benchmark is now up just 0.91% for the year, while global benchmark Brent crude has erased all of its … Read more
Traders work on the floor of the New York Stock Exchange during morning trading on August 20, 2024 in New York City. Michael M. Santiago | 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 … Read more
Wong Yu Liang | Moment | Getty Images China’s state media and foreign ministry quickly moved to criticize Washington, after the New York Times reported that U.S. President Joe Biden reoriented the U.S.’ nuclear strategic plan in March to focus on Beijing’s rapid expansion of its nuclear arsenal. The outspoken editor of the Global Times, … Read more
Lai Ching-te, president of Taiwan, on Saturday, Jan. 13, 2024. Bloomberg | Bloomberg | Getty Images Taiwan’s President Lai Ching-te has cautioned that China’s “growing authoritarianism” will not stop with the island, and that it poses a challenge at the “global level.” Lai was speaking at the annual Ketagalan Forum, a dialogue focusing on security … Read more
Traders work on the floor of the New York Stock Exchange during morning trading on August 20, 2024 in New York City. Michael M. Santiago | 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 … Read more
Traders work on the floor of the New York Stock Exchange during morning trading on August 20, 2024 in New York City. Michael M. Santiago | 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 … Read more
Workers process seamless steel pipes at a production line in Huai ‘an, Jiangsu province, China, Oct 20, 2022. CFOTO | Future Publishing | Getty Images China’s steel industry has been struggling as the country’s property sector remains in the doldrums and is unable to absorb excess capacity, industry watchers told CNBC. “Chinese demand has been … Read more
Traders work on the floor of the New York Stock Exchange during morning trading on Aug. 20, 2024. Michael M. Santiago | 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 are. … Read more
A farmer collecting grain from a combine harvester during the wheat harvest on a farm near Benfleet, UK, on Monday, Aug. 12, 2024. Bloomberg | Bloomberg | Getty Images The global commodities market has been volatile this year, with prices remaining largely elevated. Orange juice and cocoa futures surged to record highs in the first … Read more
The World Health Organization declared the spread of mpox a global health emergency last week. Tumeggy/science Photo Library | Science Photo Library | Getty Images Countries in Asia are closely monitoring for mpox cases after the World Health Organization recently declared an escalating outbreak in Africa as a global public health emergency. Mpox, formerly known … Read more
