European markets higher ahead of Powell speech; Hugo Boss up 4.8%

European markets higher ahead of Powell speech; Hugo Boss up 4.8%

LONDON — European stocks were higher Friday as investors looked ahead to U.S. Federal Reserve Chair Jerome Powell’s speech later in the session from Jackson Hole, Wyoming. The Stoxx 600 index was up 0.29% by 2:06 p.m. London time, with all major bourses and the vast majority of sectors trading in the green. Utilities stocks added 0.76%, while … Read more

Stocks slide ahead of Powell’s speech

Stocks slide ahead of Powell’s speech

Traders work on the floor of the New York Stock Exchange during morning trading on August 12, 2024 in New York City.  Michael M. Santiago | Getty Images News | 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 … Read more

Stocks slide ahead of Powell speech

Stocks slide ahead of Powell speech

Traders work on the floor of the New York Stock Exchange during morning trading on August 12, 2024 in New York City.  Michael M. Santiago | Getty Images News | 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 … Read more

U.S. recession is coming and ‘a few rate cuts’ won’t prevent it: Strategist

U.S. recession is coming and ‘a few rate cuts’ won’t prevent it: Strategist

An Aldi supermarket in Alhambra, California, US, on Thursday, June 27, 2024.  Eric Thayer | Bloomberg | Getty Images Contrary to what many believe, investment research firm BCA Research sees that the economy is on the cusp of a recession, and the predicted upcoming U.S. Federal Reserve rate cuts will not be sufficient to steer … Read more

The search for a stock market alternative

The search for a stock market alternative

A bronze bull statue outside the Bombay Stock Exchange (BSE) building in Mumbai, India, on Monday, June 3, 2024. India’s stock futures jumped after exit polls indicated a resounding victory for Prime Minister Narendra Modi’s ruling party in general elections that concluded Saturday. Photographer: Dhiraj Singh/Bloomberg via Getty Images Bloomberg | Bloomberg | Getty Images … Read more

stocks, news, data and earnings

stocks, news, data and earnings

City of London skyline on 10th June 2024 in London, United Kingdom. The City of London is a city, ceremonial county and local government district that contains the primary central business district CBD of London.  Mike Kemp | In Pictures | Getty Images LONDON — European stocks moved higher on Thursday as investors digested the … Read more

Fed minutes signal September rate cut

Fed minutes signal September rate cut

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

Fed minutes signals September rate cut

Fed minutes signals September rate cut

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

How a weaker dollar can benefit American consumers, businesses

How a weaker dollar can benefit American consumers, businesses

The dollar fell to its lowest level since December on Wednesday as investors anticipate Federal Reserve Chair Jerome Powell’s speech at the Jackson Hole economic conference in Wyoming. The dollar has consistently been trending downward in August. In 2022, the dollar reached its highest level since the early 2000s, after experiencing a decade of sustained … Read more

CNBC Daily Open: A ‘crazy’ summer

CNBC Daily Open: A ‘crazy’ summer

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