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
An aerial view of new BYD electric cars to be exported on a dock in Yantai in east China’s Shandong province. Tang Ke | Future Publishing | Getty Images The Chinese government on Wednesday hit out at the European Union over tariffs on electric vehicle imports, after the bloc lowered duties on several major electric … 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 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 floating apartment. A residential yacht. A holiday home that travels the globe. The World, a luxury liner, has many descriptions, but “cruise ship” is not one of them, said resident Jim Minarik. “The only thing that’s similar between the world and a cruise ship is they float on the water,” he said. “If our … Read more
Labour Minister Steve MacKinnon is heading to Montreal on Tuesday and Calgary on Wednesday to meet with stakeholders as a railway strike and lockout loom across the country, a spokesperson from MacKinnon’s office told Global News on Tuesday. Freight trains across Canada could come to a grinding halt as soon as Thursday with roughly 9,000 … Read more
Traders work the floor of the New York Stock Exchange on August 16, 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, no matter where they are. Like what you … Read more
Travelers may have finally had enough. With revenge travel over and pandemic savings depleted, travelers say they’re planning fewer trips this summer, or skipping their vacations altogether. “After two straight years of strong gains, the number of Americans planning to take leisure trips is taking a dip,” states a summer travel report from Deloitte Insights. … Read more
Traders work the floor of the New York Stock Exchange on August 16, 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, no matter where they are. Like what you … Read more
Luke Sharrett/Bloomberg via Getty Images Egg prices are climbing, placing the household staple back in the spotlight as consumers stay concerned not only about inflation but the absolute level of prices. July marked a third straight month that egg prices rose on an annual basis, a reversal from a year of relative decreases. The culprit … Read more
