An Exxon Mobil gas station in Washington, D.C., on Nov. 28, 2023. Al Drago | Bloomberg | Getty Images Oil and natural gas will still make up more than half of the world’s energy mix in 2050 despite efforts to transition away from fossil fuels, according to a forecast published by Exxon Mobil on Monday. … Read more
Crude oil futures gained more than 3% on Monday amid reports of a production halt in Libya and after Israel and Hezbollah traded a barrage of strikes across the Lebanon border. Libya’s eastern government in Benghazi said Monday that oil production and exports in the North African country would shut down, amid a dispute with … 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
UBS CEO Sergio Ermotti on Tuesday, May 7, 2024. Bloomberg | Bloomberg | Getty Images After an intense weekend of negotiations in March 2023, Swiss banking giant UBS agreed to buy its embattled rival Credit Suisse. Despite the attractive purchase price of $3.2 billion, investors were concerned about whether UBS would manage to turn around … Read more
The Euronext NV stock exchange in Paris. Nathan Laine | Bloomberg | Getty Images LONDON — European stock markets opened in mixed territory on Monday, as traders digested rising tensions in the Middle East following strikes by both Israel and Hezbollah over the weekend. The German Dax fell 0.18% at the open, while Italy’s FTSE … 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
On Aug. 5, we awoke to a market upside-down. Japanese stocks, so strong this year, had crashed, literally crashed, down 12%, a hideous decline, worst since 1987. Oddly, there was nothing wrong. The yen had strengthened, forcing investors who had borrowed yen to buy our stocks and others around the world to put up more … Read more
A screen displays the Nikkei 225 Stock Average figure on the trading floor at the Nomura Securities Co. headquarters in Tokyo, Japan, on Jan. 11, 2024. Bloomberg | Bloomberg | Getty Images Asia-Pacific markets were mixed on Monday amid escalating tensions in the Middle East with Israel and Hezbollah trading strikes, while investors assessed dovish … 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
Wall Street takes back-to-back weekly gains and an overbought market into an important week featuring Nvidia earnings and the latest reading on the Federal Reserve’s favorite inflation gauge. Fed Chairman Jerome Powell on Friday gave the speech from Jackson Hole that investors wanted to hear. The S & P 500 and Nasdaq bounced back from … Read more
