Aerial view of a ship at sea. Suriyapong Thongsawang | Moment | Getty Images A Greek-flagged oil tanker was left abandoned, adrift and ablaze in the Red Sea following strikes off the Yemeni coast. The U.K. Maritime Trade Operations agency on Wednesday reported that a fire had erupted aboard a tanker, which lost engine power … Read more
City of London skyline on 10th June 2024 in London, United Kingdom. The City of London is a city, ceremonial county and local government district that contains the primary central business district CBD of London. Mike Kemp | In Pictures | Getty Images LONDON — European stocks moved higher on Thursday as investors digested the … Read more
Mike Lynch, former chief executive officer at Hewlett-Packard Co.’s Autonomy unit, speaking at a conference on Thursday, April 25, 2013. Bloomberg | Bloomberg | Getty Images LONDON — The body of British technology entrepreneur Mike Lynch, 59, has been retrieved from the wreckage of a yacht that sank off the coast of Sicily, a source … 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
As major retailers start to report earnings this season, CNBC’s Jim Cramer suggested why some companies managed to draw in shoppers in a changeable and sometimes oblique consumer environment. To him, outfits like Walmart, Target, TJX and Costco have fared well because they have low prices, attracting consumers tired of inflation and more selective about … 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
People watch the first sunrise of the new year from a footbridge overlooking the city skyline in Seoul on January 1, 2024. Jung Yeon-je | Afp | Getty Images Asia-Pacific markets opened mostly higher on Thursday, as investors assess flash business activity data from Australia, Japan and India throughout the trading day. The Bank of … Read more
Amazon needs to make more money from its retail business at a time when the bar is already high and short-attention-span consumers are looking for bigger and better bargains. Starting in 2025, “the retail business has big shoes to fill from [Amazon Web Services],” research firm MoffettNathanson wrote in a Wednesday note to investors. The … Read more
Federal Reserve officials at their July meeting moved closer to a long-awaited interest rate reduction, but stopped short while indicating that a September cut had grown increasingly probable, minutes released Wednesday showed. “The vast majority” of participants at the July 30-31 meeting “observed that, if the data continued to come in about as expected, it would likely … Read more
People line up as they wait for the JobNewsUSA.com South Florida Job Fair to open at the Amerant Bank Arena on June 26, 2024, in Sunrise, Florida. Joe Raedle | Getty Images There’s a lot of debate about how much signal to take from the 818,000 downward revisions to U.S. payrolls — the largest since … Read more
