An Hour Ago Gold prices soar to record high on hopes of Fed cut Gold prices extended their rally on Monday, scaling to a new record. The optimism was helped by U.S. interest rate cut expectations and bullion’s appeal as a safe haven asset. Spot gold added 1.32% to trade at $2,265.53 per ounce. U.S. … Read more
India flag, stock market, exchange economy and Trade, oil production, container ship in export and import business and logistics. Texbr | Istock | Getty Images India will lift most tariffs on four nations in Europe in a “watershed” deal that is expected to yield $100 billion worth of investment over 15 years and one billion … Read more
However, Boris Pistorius, Germany’s federal minister of defense, stressed that spending 2% was always designed to be a minimum. “2% can only be the start of it. We might — we’ll probably need more — in the next years,” Pistorius said on a CNBC-moderated panel at the Munich Security Conference. Former US President and 2024 … Read more
No economist or market watcher has a crystal ball. So when it comes to making predictions for the year ahead, many take a conservative stance, making their bull or bear case with a litany of caveats. Over the past couple of years, though, investors have been anything but wishy-washy. In 2022, as the Federal Reserve … Read more
15 Mins Ago Deutsche Bank stands by NIO buy rating but slashes price target 31% Deutsche Bank stood by Shanghai-based electric vehicle manufacturer NIO Inc. in a report out Thursday, rating the $12 billion stock a buy ahead of quarterly results due Dec. 5. But the firm slashed its price target by 31% to $11 … Read more
Shoppers pass a promotional sign for ‘Black Friday’ sales discounts in London, on November 23, 2018. Ben Stansall | Afp | 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 they need to know, no matter where they are. … Read more
2 Hours Ago China’s manufacturing activity unexpectedly expands in November: Caixin survey Workers assemble mini excavators in a factory of heavy machinery in Suzhou in east China’s Jiangsu province on Oct. 23, 2023. Future Publishing | Future Publishing | Getty Images China’s manufacturing sector unexpectedly expanded in November, according to a survey by Caixin. The Caixin … Read more
An Hour Ago China official PMI unexpectedly weakens for a second straight month in November China’s factory activity shrank for a second straight month in November, signaling that the world’s second-largest economy is not yet out of the woods and may require more muscular policy support. The official manufacturing purchasing managers’ index fell slightly to … Read more
4 Hours Ago Major indexes head for best monthly performances this year Despite muted trading on Tuesday, the three major indexes are on track to post major monthly gains. The Dow is poised to finish the November trading month, which concludes with Thursday’s closing bell, 6.9% higher. That would amount to the best monthly performance … Read more
20 Mins Ago Nissan will invest over £1 billion in the U.K. to build electric versions of top-selling models, CEO says Makoto Uchida, president and CEO of Nissan, tells CNBC of the auto giant’s growing electric investment in the U.K. An Hour Ago Retailers have learned how to stretch out Black Friday sales, analyst says … Read more