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
A pedestrian walks past a display board showing the currency exchange rate between the US dollar and the Japanese yen, along a street in Tokyo on August 5, 2024. Richard A. Brooks | Afp | Getty Images The U.S. dollar is likely to continue to drift lower against the Japanese yen over the coming months, … 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
A Nio electric car uses one of the company’s battery swap stations on Nov. 13, 2023, in Taicang, Jiangsu province of China. Vcg | Visual China Group | Getty Images BEIJING — Chinese electric car company Nio said Tuesday it plans to install battery charging stations in every one of China’s 2,844 counties by the … Read more
August has been a choppy month for markets, with uncertainty over the health of the global economy sparking a jump in volatility. At the start of the month, a weaker-than-expected jobs report in the U.S. raised concerns about a potential recession and caused U.S. stocks to slide. Meanwhile, a more hawkish tone from the Bank … Read more
Pictured are are crystals of the antimony ore stibnite (antimony sulphide). Universalimagesgroup | Universal Images Group | Getty Images BEIJING — China’s latest export controls has rattled insiders of the critical minerals industry, and some are concerned that Beijing will leverage its global supply chain dominance in unprecedented ways. China’s Ministry of Commerce announced Thursday … 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
CNBC’s Jim Cramer reviewed Tuesday’s pullback, saying the market was due for some declines, and investors are perhaps interpreting companies’ quarters with more scrutiny than they had during the preceding eight-day rally. “We’re getting back to reality, where good is good and bad is bad and never the twain shall meet,” he said. “In short, … Read more
A flag of Japan flies near cargo containers at Tokyo’s Odaiba Waterfront on August 6, 2020. BEHROUZ MEHRI | Contributor | Getty Images Asia-Pacific markets are lower on Wednesday, tracking Wall Street as both the S&P500 and Nasdaq Composite snapped an eight day winning streak. The S&P 500 slid 0.2%, while the Nasdaq Composite shed 0.33%. The Dow Jones Industrial … Read more
U.S. crude oil futures held steady above $74 per barrel Tuesday, after selling off in the previous session amid demand worries in Asia and cease-fire talks in the Middle East. “We are seeing oil prices mean reverting on the back of frankly a lot more supply but also softer demand,” Francisco Blanch, commodity strategist at … Read more
