Alex Soros, chairman of Open Society Foundations, during a panel session on the closing day of the World Economic Forum (WEF) in Davos, Switzerland, on Friday, Jan. 19, 2024. The annual Davos gathering of political leaders, top executives and celebrities runs from January 15 to 19. Photographer: Stefan Wermuth/Bloomberg via Getty Images Bloomberg | Bloomberg … Read more
U.S. President Joe Biden delivers remarks on the U.S. economy and his administration’s effort to revive American manufacturing, during his visit in Flex LTD, a factory that makes solar energy microinverters, in West Columbia, South Carolina, U.S. July 6, 2023. Jonathan Ernst | Reuters The White House eagerly took credit Wednesday for December’s strong retail … Read more
Treasury yields rose Wednesday, with the 10-year yield hovering near 4.1% as investors focused on stronger-0than-expected December retail sales and the latest remarks from Federal Reserve members. The yield on the 10-year Treasury note was last up 3 basis points at 4.098%, after trading as high as 4.12%. The 2-year Treasury yield rose by around … Read more
The Consumer Financial Protection Bureau headquarters in Washington. Samuel Corum/Bloomberg via Getty Images WASHINGTON — The Consumer Financial Protection Bureau on Wednesday unveiled long-awaited changes to how the nation’s biggest banks structure overdraft protection plans. The independent watchdog agency said the new rule closes a loophole that for decades has exempted overdraft loans from the … Read more
The crisis in the Red Sea poses serious risks to oil flows and prices could change quickly if tensions lead to a major supply disruption in the Middle East, Chevron CEO Michael Wirth told CNBC on Tuesday. “It’s a very serious situation and seems to be getting worse,” Wirth said in an interview at the … Read more
Former U.S. President Donald Trump meets with Nikki Haley, then-U.S. Ambassador to the United Nations, in the Oval Office of the White House on in Washington, D.C., on Oct. 9, 2018. Olivier Douliery | AFP | Getty Images WASHINGTON — Nikki Haley said she would not participate in any further primary debates unless front-runner Donald … Read more
Bill Winters, chief executive officer of Standard Chartered, said the U.S. Federal Reserve looks set to pause its interest rate cycle in June get a better read on the latest inflation data. Bloomberg | Getty Images Former U.S. President Donald Trump would be a “transactional president” if he returns to power, but is unlikely to … Read more
Florida Governor Ron DeSantis and Former U.S. Ambassador to the United Nations Nikki Haley participate in the Republican presidential debate hosted by CNN at Drake University in Des Moines, Iowa, U.S. January 10, 2024. Mike Segar | Reuters WASHINGTON — Nikki Haley has built her presidential campaign on the support of voters eager for a … Read more
Cargo ships dock at the Longtan Container Terminal of Nanjing Port to load and unload containers in Nanjing, Jiangsu province, China, Sept 6, 2023. Nurphoto | Nurphoto | Getty Images A slowdown in demand for products manufactured in Asia has ocean carriers reducing freight rates on shipping routes from China to the West Coast and … Read more
An Egyptian man sits and eats ice cream as he watches international cargo and tanker ships pass through the Suez canal Scott Nelson | Getty Images Several of the world’s major tanker companies on Friday halted traffic toward the Red Sea after U.S. and British airstrikes on Iran-allied Houthi militants in Yemen. Hafnia, Torm and … Read more
