U.S. equity futures edged higher Tuesday, while Treasury yields and the dollar held steady, as investors braced for a crucial October inflation report that could define both the Federal Reserve’s near-term rate path and the fate of Wall Street’s November rally. Stocks ended mixed on Monday in a tepid session highlighted by a record seven-day … Read more
Chinese companies have accelerated in global patent holdings amid escalating U.S.-China tensions, according to a report. Chinese firms such as Huawei and Tencent accounted for six of the top 10 global patent holdings in the cybersecurity technology sector as of August. This comes as growing U.S. and China tensions have pushed the latter and its homegrown … Read more
Subchapter V bankruptcy filings, which most small businesses now use, are running above last year’s level, according to the American Bankruptcy Institute. Chapter 11 of the U.S. Bankruptcy Code was revised in 2019 to make it simpler and more cost-effective for small companies to reorganize debts. But bankruptcy, through Subchapter V or otherwise, may not … Read more
Trouble is brewing for the U.S. economy and its pivotal consumer component, one strategist says. “I think the U.S. consumer is walking towards a cliff, basically,” Chris Watling, chief executive of financial advisory firm Longview Economics, told CNBC’s “Squawk Box Europe.” Data suggests the U.S. economy may have turned in another stellar performance, heading into … Read more
Buildings are illuminated at night in Tokyo, Japan, on Friday, July 21, 2023. Toru Hanai | Bloomberg | Getty Images Japan’s business sentiment improved in the third quarter, a central bank survey showed, suggesting conditions for a durable economic revival are falling into place even as a global slowdown keeps policymakers cautious about the outlook. Big non-manufacturers’ mood brightened to levels unseen since 1991, … Read more
4 Hours Ago Goldman’s Wilson-Elizondo says hike next meeting isn’t a ‘done deal’ While the Federal Reserve’s latest release was more hawkish than expected, the main risk the the central bank faces is tarnishing its anti-inflation credibility, which warrants favoring their hawkish reaction, said Alexandra Wilson-Elizondo, deputy chief investment officer of multi-asset strategies at Goldman … Read more
As the economic forecast has mostly shifted from recession to soft landing, experts at firms who landed on this year’s CNBC FA 100 list are still watching for a downturn. Despite those forecasts, here’s where they see opportunities for gains in stocks, bonds and cash. Shoppers at a Chicago grocery store on Aug. 9, 2023. … Read more
The U.S. Bureau of Labor Statistics relies on the Job Openings and Labor Turnover Survey (JOLTS) to clarify the broader U.S. job openings picture – how many jobs are available each month, how many workers lost jobs, and how many workers were hired, among other employment data points. Now the latest JOLTS data points to … Read more
Hong Kong’s Hang Seng index closed Friday trade in bear market territory, down 2.1% on the day and almost 21% from its January highs. The pan-European Stoxx 600 index followed suit, down 1% on the day and more than 3% for the week, while U.S. stock futures pointed to another lower open on Wall Street. … Read more
“You keep squeezing the toothpaste tube, you keep rolling it up, you keep raising rates, and you know things are going to break, you just don’t know when and where,” Kevin O’Leary told CNBC’s “Street Signs Asia” on Thursday. “I am telling investors that I work with and I advise … let’s wait 90 days … Read more