The Ebba Maersk container ship, operated by A.P. Moeller-Maersk A/S, leaves Suez port and heads towards the Red Sea after passing through the Suez Canal in Suez, Egypt on Saturday, April 6, 2013. Kristian Helgesen | Bloomberg | Getty Images DAVOS, Switzerland — Top CEOs are closely following tensions in the Red Sea, warning that … Read more
Containers are piled up in Lisbon, Portugal, on January 13, 2024. Recent U.S. and UK air strikes on Yemen are causing global shipping rates to spike, sparking fears of extended disruptions in the Red Sea, a crucial trade route. The strikes are a response to attacks on the Red Sea, adding complexity to the regional … Read more
Republican presidential candidate and former U.S. President Donald Trump gestures as he takes the stage at his caucus night watch party in Des Moines, Iowa, U.S., January 15, 2024. Evelyn Hockstein | Reuters DAVOS, Switzerland — Global business leaders may be in the snowy hills of Switzerland, but their conversations keep returning to Washington, D.C. … Read more
Traders work on the floor of the New York Stock Exchange during afternoon trading on January 17, 2024 in New York City. Michael M. Santiago | Getty Images News | Getty Images This report is from today’s CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything … Read more
Clothes at the Shein headquarters in Singapore on June 19, 2023. Ore Huiying | Bloomberg | Getty Images China’s powerful internet regulator is conducting a security review of Shein as the fast-fashion giant gears up for its highly anticipated U.S. initial public offering, CNBC has learned. The Cyberspace Administration of China is reviewing Shein’s supply … Read more
Apple smartwatches ads are displayed as customers take a look at smartwatch accessories at the Apple store in New York, U.S., December 26, 2023. Eduardo Munoz | Reuters Apple will again be barred from selling watches with blood oxygen sensors beginning Thursday, a federal appeals court said Wednesday. The ban could complicate Apple’s operations and … 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
Houthi supporters hold up rifles as they rally to protest the killing of Saleh al-Samad, a senior Houthi official, by a Saudi-led coalition air strike in Hodeidah, Yemen April 25, 2018. Abduljabbar Zeyad | Reuters The U.S. State Department on Wednesday designated the Iranian-backed, Yemen-based Houthi rebels as specially designated global terrorists, or SDGTs, in … Read more
DUBAI, United Arab Emirates — Within 24 hours, Iran launched missile and drone strikes on targets in three countries — Iraq, Syria and Pakistan — and took the extraordinary step of announcing its responsibility for the attacks, triggering anger from its neighbors. The developments have heightened concerns over the possibility of a wider Middle East … Read more
JPMorgan Chase CEO Jamie Dimon said he remains cautious on the U.S. economy over the next two years because of a combination of financial and geopolitical risks. “You have all these very powerful forces that are going to be affecting us in ’24 and ’25,” Dimon told Andrew Ross Sorkin Wednesday in a CNBC interview at … Read more
