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. Markets pullback : Stocks were selling off Wednesday after a handful of earnings-related disappointments in retail and weakness in big tech. Some of the weakness in … Read more
The monthly consumer price index rose by a stronger-than-expected 3.5 per cent over the 12 months to July. The inflation gauge was tipped to moderate to 3.3 per cent in July, from 3.8 per cent in June, to reflect energy bill relief kicking in across some parts of the country. “The first instalments of the … Read more
By Staff The Canadian Press Posted August 27, 2024 7:30 am 1 min read Descrease article font size Increase article font size Canada-U.S. relations will take centre stage on Tuesday as the federal cabinet wraps up the third and final day of its annual summer retreat. Current and former Canadian ambassadors to Washington are among … Read more
A meat counter showing a variety of sausages at a Fred Meyer grocery store, a sub of Kroger, in Palmer, Alaska. Michael Siluk | UCG | Universal Images Group | Getty Images An uptick in sausage demand can offer the latest sign of consumers tightening their belts as they continue grappling with high prices. There … Read more
With a plum position atop many “Best Places to Travel” lists, Japan is on track to welcome a record-breaking number of travelers in 2024. But China faces a different reality: a far slower return of international visitors. Both countries dropped Covid-related border restrictions relatively late — Japan in October 2022, and China in January 2023 … Read more
By Staff The Canadian Press Posted August 26, 2024 7:30 am 1 min read Descrease article font size Increase article font size Traffic at Canada’s two largest railways is slated to resume on Monday as a rail work stoppage comes to an end following a Saturday decision from the federal labour board. Canadian National Railway … Read more
The federal government is moving to restrict the number of low-wage temporary foreign workers in Canada, with the exception of some sectors. Prime Minister Justin Trudeau made the announcement on Monday in Halifax, where the Liberal cabinet is meeting for a summer retreat. “We are tightening the rules and restricting eligibility to reduce the number … Read more
Here are the most important news items that investors need to start their trading day: 1. Fed by the Fed Stocks jumped last week as investors looked toward an expected interest rate cut in September. Federal Reserve Chair Jerome Powell bolstered a solid run for stocks when he indicated the central bank would ease borrowing … Read more
Traders work on the floor of the New York Stock Exchange (NYSE) during morning trading in New York on August 23, 2024. Angela Weiss | AFP | 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, … Read more
Traders work on the floor of the New York Stock Exchange (NYSE) during morning trading in New York on August 23, 2024. Angela Weiss | AFP | 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, … Read more
