Luke Sharrett/Bloomberg via Getty Images Egg prices are climbing, placing the household staple back in the spotlight as consumers stay concerned not only about inflation but the absolute level of prices. July marked a third straight month that egg prices rose on an annual basis, a reversal from a year of relative decreases. The culprit … Read more
Sopa Images | Lightrocket | Getty Images Shares of former President Donald Trump’s social media company on Monday touched their lowest price since they began public trading on the Nasdaq nearly five months ago after a merger. Trump Media, the company that owns the Republican presidential nominee’s preferred social messaging platform Truth Social, was trading … Read more
Crude oil futures fell for the fourth day in five Monday, as the U.S. pushed to secure a cease-fire deal to the end the fighting in Gaza and worries about softening demand weighed on the market. U.S. Secretary of State Antony Blinken is in Israel, where he warned this may be the “last opportunity” to … Read more
Carl Icahn, billionaire activist investor, waits for Donald Trump, president and chief executive of Trump Organization Inc. and 2016 Republican presidential candidate, not pictured, to speak at an election night event in New York, U.S., on Tuesday, April 19, 2016. Victor J. Blue | Bloomberg | Getty Images The Securities and Exchange Commission on Monday … Read more
A bank employee count China’s renminbi (RMB) or yuan notes next to U.S. dollar notes at a Kasikornbank in Bangkok, Thailand, January 26, 2023. Athit Perawongmetha | Reuters BEIJING — The U.S. and China last week signed agreements for cooperating on financial stability, according to a People’s Bank of China readout Monday. The agreement was … Read more
Goldman Sachs has cut its probability forecast for a U.S. recession to 20% shortly after raising it, as fresh labor market data sparked a reassessment of market views on the economy. Economists at Goldman earlier this month raised their 12-month U.S. recession probability from 15% to 25% after the U.S. July jobs report of Aug. … Read more
Traders work the floor of the New York Stock Exchange on August 16, 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, no matter where they are. Like what you … Read more
The July consumer price index reading indicated cooling inflation and July retail sales addressed investors’ fears about an economic slowdown. They also boosted hopes of an interest rate cut at the Federal Reserve’s upcoming meeting in September. Amid improving market sentiment, investors looking for some good stocks can rely on top Wall Street analysts, who … Read more
One thing you hate is when a shibboleth that’s meant to exert and exact discipline actually loses you money. That’s how I have been feeling about the idea that giving up on value is a sin. Since the late ’80s, I have held that if you think that a company, or its brand, is valuable, … Read more
Finished utility hole covers and frames stored for shipment at the Ito Tekko Co. foundry in Kawaguchi, Saitama Prefecture, Bloomberg | Bloomberg | Getty Images Asia-Pacific markets mostly fell on Monday after a week that saw a broad rally in stocks. Traders in Asia will watch out for central bank releases this week, including the … Read more
