Month: November 2024
China’s yuan to hit record lows as U.S. tariff threat mounts, investment banks forecast
A Chinese bank worker prepares to count a stack of US dollars together with stacks of 100 Chinese yuan notes at a bank in Hefei, east China’s Anhui province on March 9, 2010. STR/AFP | Getty Images Chinese authorities are contending with a weakening yuan as global investment banks forecast the currency to hit record […]
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Japan seen reaping record tax revenues in fiscal 2024, Reuters reports
An editorial montage of the Japan flag and Japanese yen cash bank notes. Javier Ghersi | Moment | Getty Images Japan will likely see tax revenues hit a fresh high for the fifth straight year in the current fiscal year ending in March 2025, four government sources told Reuters. The government will tap the additional […]
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Bank of Korea cuts benchmark lending rate by 25 basis points in a surprise move
A pedestrian walks past signage for the Bank of Korea in Seoul, South Korea, on Monday, Nov. 22, 2021. SeongJoon Cho | Bloomberg | Getty Images South Korea’s central bank on Thursday cut its benchmark interest rate by 25 basis points to 3% in a surprise move. Economists polled by Reuters had estimated the bank […]
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CNBC Daily Open: U.S. inflation edged up but investors aren’t fazed
Stuffing mix for sale for the Thanksgiving holiday in a grocery store in Encinitas, California, on Nov. 24, 2024. Mike Blake | 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 […]
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Asia markets open mixed after Wall Street rally stalls; Bank of Korea rate decision in focus
A general view of the Lotte tower amid the the Seoul city skyline and Han river during sunset. Ed Jones | Afp | Getty Images Asia-Pacific markets opened mixed on Thursday after Wall Street rally stalled overnight even as inflation data came in line with expectations. The U.S. personal consumption expenditure price index, or PCE, […]
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Avoid these 3 common mistakes when asking for a promotion, says INSEAD negotiation professor
pixelfit | E+ | Getty Images Asking for a promotion can feel daunting and negotiation can be tricky — but learning how to navigate the process is important. People often approach negotiations with the wrong mindset, said Horacio Falcão, INSEAD professor, negotiation expert, author, serial entrepreneur, and designer of INSEAD’s “The Negotiation Course for the […]
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5 tech stocks in supply chain management could benefit from Trump’s tariffs, Redburn Atlantic says
President-elect Donald Trump’s proposed steep tariffs on imports could create winners in the stock market — particularly among companies that help businesses manage their supply chains, according to Redburn Atlantic. The investment firm identified five stocks that could see their prices rise if Trump implements his proposed tariffs: Descartes Systems Group , Kinaxis, Manhattan Associates […]
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U.S. stocks too expensive? Morningstar’s top exec reveals where he’s investing instead
Attractive returns and a breadth of opportunities are among the reasons the U.S. market historically reigns supreme among investors. However, one market watcher considers U.S. stocks to be expensive and is now seeking opportunities in cheaper markets with what he sees as better risk-adjusted returns. “We believe markets outside the U.S. are more attractive than […]
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Musk, Ramaswamy to discuss DOGE with GOP leaders on Capitol Hill Dec. 5
U.S. President-elect Donald Trump and Elon Musk watch the launch of the sixth test flight of the SpaceX Starship rocket in Brownsville, Texas, on Nov. 19, 2024. Brandon Bell | Via Reuters Elon Musk and Vivek Ramaswamy will visit Capitol Hill to discuss government reform with Republican congressional leaders Dec. 5, House Speaker Mike Johnson, […]
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Financials are the best performing stocks of 2024. Here’s one corner that could do especially well
Financial stocks are the best-performing group in 2024 and, even though they’re widely thought to have more room to run as a sector, a subset of them are even more favorably positioned. The S & P 500 financial sector has surged 36% so far this year, outpacing both the communication services and information technology sectors […]
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