Port of Miami dockworkers strike near the port entrance and demand a new labor contract, on October 1, 2024 in Miami, Florida. Giorgio Viera | Afp | Getty Images A dockworker strike at seaports along the U.S. East and Gulf coasts is expected to cause massive problems for global supply chains and the economy. American consumers will likely … Read more
Visitors pass shops on a pedestrianized street in the old town in A Coruna, Spain, on Thursday, Sept. 26, 2024. Manaure Quintero | Bloomberg | Getty Images Euro zone inflation fell to 1.8% in September, coming in below the European Central Bank’s 2% target, flash data from statistics agency Eurostat showed Tuesday. The reading was … Read more
Federal Reserve Chair Jerome Powell said Monday that the recent half percentage point interest rate cut shouldn’t be interpreted as a sign that future moves will be as aggressive, in fact indicating the next moves will be smaller. The central bank chief asserted during a speech in Nashville, Tennessee, that he and his colleagues will … Read more
Shoppers at the Alexanderplatz in Berlin, Germany, on Wednesday, Sept. 25, 2024. Krisztian Bocsi | Bloomberg | Getty Images The harmonized German consumer price index eased to 1.8% in September, coming in lower than expected, preliminary data from the country’s statistics office Destatis showed on Monday. The September harmonized CPI figure had been forecast to come … Read more
Traders work on the floor at the New York Stock Exchange. Brendan Mcdermid | Reuters 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 see? You can subscribe here. What you … Read more
Traders work on the trading floor at the New York Stock Exchange. Andrew Kelly | Reuters 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 see? You can subscribe here. What … Read more
Democratic presidential candidate Vice President Kamala Harris and her husband, Doug Emhoff, stop at a Sheetz gas station in Coraopolis, Pennsylvania, on Aug. 18, 2024. Angela Weiss | AFP | Getty Images As she unveiled her most detailed economic plan yet this week, Democratic presidential nominee Kamala Harris pledged to fight price gouging in order … Read more
The blue-chip Dow Jones Industrial Average closed at a record high as a subdued inflation report stoked hopes for more Federal Reserve rate cuts, which also boosted small-cap stocks and enabled Wall Street’s three main indexes to post weekly gains. The technology-heavy Nasdaq slipped for the day while the S&P 500 edged slightly lower, but … Read more
Fast-casual Mediterranean chain Cava has had an impressive year since going public in June 2023. It posted a profit in its first quarterly report, repeatedly beat Wall Street’s earnings estimates and now boasts a more than $14 billion market cap, nearly 500% higher than its initial valuation. Now, Wall Street analysts see shades of another … Read more
Krisztian Bocsi | Bloomberg | Getty Images LONDON — European markets rose to a fresh record high Friday, tracking gains in China on news of a stimulus blitz, while investors also assessed fresh inflation data. The pan-European Stoxx 600 traded 0.3% higher at 527.03 points at 12:12 p.m. London time, paring earlier gains after notching … Read more
