Traders on the New York Stock Exchange floor on Sept. 9, 2024. Spencer Platt | Getty Images News | Getty Images The moves come after a winning week on Wall Street that centered around the Federal Reserve’s decision to lower interest rates by 50 basis points, its first cut in four years. Despite some choppiness … Read more
Indian Prime Minister Narendra Modi has urged top tech companies in the US to explore India as a destination for manufacturing and innovation. He met CEOs of tech companies in New York a day after attending the annual meeting of Quad countries, which also includes the US, Australia and Japan. India has been positioning itself … Read more
Traders work on the floor of the New York Stock Exchange on September 18, 2024 in New York City. Stephanie Keith | 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. … Read more
Volatility was the name of the game as markets entered the second half of the year, with stocks going through wild swings since July. The U.S. Federal Reserve made its first cut in four years — and more are expected to come. Some are also calling for investors to move out of cash with rates … Read more
Getty Images In Latino exile communities across the country, a question is being asked: is Kamala Harris really a communist? The vice-president has been the subject of numerous misleading claims that she is a socialist or communist since becoming the Democratic candidate for president, according to the US’s largest Spanish-language fact-checker Factchequeado. Experts say these … Read more
LONDON — The British pound has jumped to its highest level in two-and-a-half years following a hawkish rate hold from the Bank of England, but strategists warn the upcoming U.K. budget could pose a risk to investor and consumer sentiment. Many investors are awaiting the new Labour government’s fiscal plan at the end of October … Read more
China’s central bank supplied 14-day cash to its banking system for the first time in months on Monday and at a lower interest rate, signaling its intent to further ease monetary conditions. Jiang Qiming | China News Service | Getty Images China’s central bank supplied 14-day cash to its banking system for the first time in months on Monday … Read more
Westend61 | Westend61 | Getty Images Some young people are splashing out on luxuries like travel and designer clothes instead of saving, in a trend that’s being characterized as “doom spending” on social media. Doom spending is when a person mindlessly shops to self-soothe because they feel pessimistic about the economy and their future, according … Read more
Sri Lanka’s new president, Anura Kumara Dissanayake, has taken his oath of office, promising to “rewrite history” for a country that is recovering from its worst economic crisis. The left-leaning Dissanayake has cast himself as a disruptor of the political status quo, and analysts see his victory as a rejection of corruption and cronyism that … Read more
Local residents with umbrellas walk out of a metro station in rain during morning rush hour on September 20, 2024 in Beijing, China. China News Service | China News Service | Getty Images BEIJING — More economists are calling for China to stimulate growth, including those based inside the country. China should issue at least … Read more