Traders work on the trading floor at the New York Stock Exchange. Andrew Kelly | Reuters 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. What … Read more
US Secretary of Defense Lloyd Austin speaks during a press briefing at the Pentagon in Washington, DC, on July 25, 2024. Saul Loeb | AFP | Getty Images The U.S. military said on Sunday it was increasing its air support capabilities in the Middle East and putting troops on a heightened readiness to deploy to … Read more
Outbound travel from China is set to receive a much-anticipated jolt as “Golden Week” bookings show changes in where and why Chinese people are traveling. Buoyed by falling airfares, Chinese travelers are booking more overseas trips for the National Day holiday period, which extends from Oct. 1 to 7, according to Fliggy, a major travel … Read more
A cycler passes the entrance to the Tokyo Stock Exchange (TSE) headquarters building in the Nihonbashi area of Tokyo on May 2, 2024. Richard A. Brooks | Afp | Getty Images Japan’s Nikkei 225 tumbled over 3% Monday, while Australia stocks hit a fresh high ahead of key economic data from China and Japan. The … Read more
Kris Kristofferson, the award-winning country singer and actor who worked with Johnny Cash and Martin Scorsese, has died aged 88. A representative said he passed away “peacefully” at his home in Hawaii on Saturday, surrounded by family. The statement described Kristofferson as “a peacenik, a revolutionary, an actor, a superstar, a sex symbol, and a … Read more
Investors have been watching tech stocks keenly in the past year, amid a significant bout of volatility in the sector. Morningstar’s top strategist, however, has an underweight on the sector and is staying clear of several Big Tech names. “The technology sector in and of itself is really priced to perfection,” the firm’s U.S. Markets … Read more
Malaysia’s prime minister Anwar Ibrahim during a news conference in New Delhi, India, on Tuesday, Aug. 20, 2024. Bloomberg | Bloomberg | Getty Images Eradicating corruption in Malaysia continues to be a difficult hurdle Prime Minister Anwar Ibrahim needs to overcome if he wants to attract more foreign direct investments into the country. As Anwar … Read more
The U.S. Federal Reserve’s bumper 50-basis-point interest rate cut has been the talk of the market as investors evaluate sectors and stocks. Kingsley Jones, a chief investment officer at the Sydney-headquartered Jevons Global, says the rate cut has “supported the market.” “At this point, there was some concern if the Fed went with a jumbo … Read more
Israel’s continuing air strikes may have already forced as many as one million people from their homes across Lebanon, the country’s prime minister has said. “It is the largest displacement movement that may have happened,” Najib Mikati said. Lebanon’s health ministry reported more than 50 people killed in Sunday’s strikes – two days after Israel … Read more
China’s surging stock market after the government outlined plans to boost the economy has suddenly tipped hedge funds and strategists to what would have recently been seen as one of the most contrarian trades around. The CSI 300, an index of stocks traded in Shanghai and Shenzhen, rallied more than 15% last week, its best … Read more