European Central Bank (ECB) President Christine Lagarde speaks as she presents the bank’s 2022 Annual Report to the European Parliament, in Strasbourg, eastern France, on February 26, 2024. Frederick Florin | AFP | Getty Images FRANKFURT — The European Central Bank will meet again this week amid falling inflation, a slight recovery in economic activity … Read more
Abu Dhabi’s Etihad Airways is gearing up for a potential initial public offering after increasing revenue in 2023 on the back of a 40% boost in passenger numbers. Asked about a possible listing, Etihad Airways Group CEO Antonoaldo Neves told CNBC on Tuesday, “I’m working to be ready, whenever it’s the time.” Talk of an … Read more
CNBC’s Jim Cramer on Tuesday reviewed Tuesday’s declines, saying this action doesn’t indicate a market bubble, but that stocks may be hitting their tops. “Toppy” action may not be great, he said, but it’s “much less devastating than a burst bubble.” The latter occurs when stocks climb to new highs and then fall back, while … Read more
Shoppers are seen at Whole Foods Market on October 14, 2022, in Atlanta, Georgia. Elijah Nouvelage | 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
Jerome Powell, chair of the Federal Reserve, during a House Financial Services Committee hearing in Washington, D.C., on June 21, 2023. Nathan Howard | Bloomberg | Getty Images Federal Reserve Chairman Jerome Powell heads to Capitol Hill on Wednesday with markets intent on getting more clarity about how the central bank plans on proceeding with … Read more
A worker applies tape to a solar panel at First Solar in Perrysburg, Ohio July 8, 2022. Megan Jelinger | Reuters A flood of foreign solar components threatens efforts to build a domestic manufacturing base in the U.S. to support the clean energy transition, according to First Solar CEO Mark Widmar. In an interview with … Read more
An employee handles one kilogram gold bullion at the YLG Bullion International Co. headquarters in Bangkok, Thailand, on Friday, Dec. 22, 2023. Bloomberg | Bloomberg | Getty Images Gold prices pushed higher Tuesday after futures pricing for the precious metal notched fresh records in the previous two sessions — with analysts seeing strength lasting at … Read more
Omar Marques | Lightrocket | Getty Images Ether on Tuesday continued its march higher as the price of bitcoin took a breath. The second-largest cryptocurrency was last higher by 2.5% at $65,868, according to Coin Metrics. Earlier it rose to as high as $3,828.81, a January 2022 high. Bitcoin retreated about 3% after it hit … Read more
Jaap Arriens | NurPhoto | Getty Images Bitcoin has reached a new all-time high for the first time in more than two years, as this year’s rally — fueled by excitement over bitcoin ETFs and the upcoming halving event — accelerated. The price of the cryptocurrency topped $69,210 on Tuesday morning, according to Coin Metrics, … Read more
An oil and gas industry worker walks during operations of a drilling rig at Zhetybay field in the Mangystau region, Kazakhstan, November 13, 2023. Turar Kazangapov | Reuters Crude oil futures fell for a second consecutive day Tuesday as China’s pledge to boost economic growth and OPEC+ production cuts failed to lift prices. The West … Read more
