Beijing: Iron ore slumped more than 7% – dropping below the $110 a ton mark – as disappointing demand in China left the market lumbered with bulging inventories. The steelmaking material has tumbled by around a quarter from a peak in early January as China’s real estate and manufacturing activity remained under pressure. The annual … Read more
A customer shops at a supermarket in Oregon. Wang Ying | Xinhua News Agency | 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 see? You can subscribe here. … Read more
Shoppers are seen in a Kroger supermarket in Atlanta on Oct. 14, 2022. Elijah Nouvelage | AFP | Getty Images Rising gasoline prices likely put a floor under inflation in February, potentially reinforcing the Federal Reserve’s decision to take a go-slow approach with interest rate reductions. Economists expect that prices across a broad spectrum of … Read more
Miami Beach, Florida, McDonald’s restaurant, now hiring sign, starting at $11 an hour. Jeffrey Greenberg | Universal Images Group | 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 … Read more
Workers at a restaurant at Grand Central Market in Los Angeles, California, US, on Thursday, Nov. 2, 2023. Eric Thayer | Bloomberg | 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 … Read more
Commuters walking at Shibuya Crossing, Tokyo © Marco Bottigelli | Moment | Getty Images Japan averted a technical recession as revised official data on Monday showed the economy returned to growth in the the October-December period last year. Japan’s gross domestic product expanded 0.4% in the fourth quarter compared with a year earlier. Provisional data … Read more
The 10-year U.S. Treasury yield was near flat on Friday after the February jobs report showed solid employment growth but also an increase in the unemployment rate. The yield on the 10-year Treasury was less than 1 basis points lower at 4.085%. The 2-year Treasury yield was last down by about 3 basis point at … Read more
In his State of the Union address, President Joe Biden celebrated his administration’s progress in the fight against inflation. “Wages keep going up and inflation keeps coming down,” Biden said in the annual speech before Congress. To be sure, inflation has cooled while wages have ticked higher — but households are still struggling to keep up with the increased cost of living. More from Personal Finance:Why … Read more
California is home to some of the highest gas prices in the United States, according to AAA. The national average for a gallon of regular unleaded was $3.40 as of Thursday, according to the organization’s data. In California, the average was $4.87, more than any other state. Several factors go into what drivers pay for … Read more
Workers look on ahead of remarks by US President Joe Biden, not pictured, at an Amtrak facility in New Castle County, Delaware, on November 6, 2023. Andrew Caballero-Reynolds | 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 … Read more
