Rate cuts need to start before inflation’s 2%

Rate cuts need to start before inflation’s 2%

A ‘Now Hiring’ sign posted on the window of a business looking to hire workers on May 05, 2023 in Miami, Florida.  Joe Raedle | Getty Images News | 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 … Read more

Can’t wait until 2% to start cutting rates

Can’t wait until 2% to start cutting rates

A “Now Hiring” sign is displayed on a storefront in Adams Morgan Neighborhood on October 07, 2022 in Washington, DC. Anna Moneymaker | Getty Images News | 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

Maruti Suzuki cuts prices of Alto K10, S-Presso variants

Maruti Suzuki cuts prices of Alto K10, S-Presso variants

The country’s largest carmaker Maruti Suzuki Monday said it is reducing prices of select variants of small cars Alto K10 and S-Presso by up to Rs 6,500 ahead of the festive season. While the company has slashed price of S-Presso LXI petrol by Rs 2,000, Alto K10 VXI petrol is now cheaper by Rs 6,500. … Read more

stocks, news, data and earnings

stocks, news, data and earnings

People cross a street in front the headquarters building of the European Central Bank (ECB) in Frankfurt am Main, western Germany, on June 5, 2024. Kirill Kudryavtsev | Afp | Getty Images LONDON — European markets were higher on Friday, the last trading day of August, as investors looked to key inflation data from across … Read more

Home prices hit record high in June on S&P Case-Shiller Index

Home prices hit record high in June on S&P Case-Shiller Index

A recent CreditNews Research study ranked the slowest-selling metro areas in the U.S. The Good Brigade | Digitalvision | Getty Images Even as mortgage interest rates were rising, home prices reached the highest level ever on the S&P CoreLogic Case-Shiller U.S. National Home Price Index. On a three-month running average ending in June, prices nationally … Read more

Increased sausage demand could be worrying signal on the economy

Increased sausage demand could be worrying signal on the economy

A meat counter showing a variety of sausages at a Fred Meyer grocery store, a sub of Kroger, in Palmer, Alaska. Michael Siluk | UCG | Universal Images Group | Getty Images An uptick in sausage demand can offer the latest sign of consumers tightening their belts as they continue grappling with high prices. There … Read more

European markets open to close, earnings, data and news

European markets open to close, earnings, data and news

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

CNBC Daily Open: Nvidia’s ‘drop-the-mic moment’

CNBC Daily Open: Nvidia’s ‘drop-the-mic moment’

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

CNBC Daily Open: Nvidia’s ‘drop-the-mic moment’

CNBC Daily Open: Nvidia’s ‘drop-the-mic moment’

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

2 big tests ahead will determine if last week’s stock market excitement was warranted

2 big tests ahead will determine if last week’s stock market excitement was warranted

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