World
Natural gas prices have already doubled this year. A hot summer could push them even higher
Workers operate a drilling rig for an EBR Energy LP natural gas well near Columbus, Texas. Scott Dalton | Bloomberg | Getty Images U.S. natural gas prices more than doubled since the start of the year, and this summer’s air-conditioning season could send them soaring by at least another 25%. In the futures market, gas […]
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Investment adviser Allianz Global Investors US charged with $5 billion fraud
Bus drivers, subway conductors and religious and charitable organizations nationwide lost over $5 billion when a Covid-induced stock market collapse crushed private investment funds linked to a financial industry giant, exposing a massive fraud, authorities said Tuesday. U.S. Attorney Damian Williams said his office took the rare step of bringing criminal charges against Allianz Global […]
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Powell says the Fed will not hesitate to keep raising rates until inflation comes down
US Federal Reserve Chairman, Jerome Powell, testifies before the House Financial Services Committee on “The Semiannual Monetary Policy Report to the Congress,” in Washington, DC, on March 3, 2022. Jonathan Ernst | AFP | Getty Images Federal Reserve Chairman Jerome Powell emphasized his resolve to get inflation down, saying Tuesday he will back interest rate […]
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Santoli: Bulls and bears agree on a potential bounce for stocks here. One group could be a way to play it
This is the daily notebook of Mike Santoli, CNBC’s senior markets commentator, with ideas about trends, stocks and market statistics. Delayed follow-through to Friday’s bounce as evidence piles up that investors have drastically cut back on their stock bets and consumer activity. Auto-production numbers give the aggressive recession-callers no real backing. The S & P […]
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Elon Musk calls on SEC to evaluate Twitter user numbers
Elon Musk, during an event at SpaceX headquarters in Hawthorne, California, U.S., on Thursday, Oct. 10, 2019. Bloomberg /Getty In the midst of his deal to acquire Twitter, Elon Musk has called on the U.S. Securities and Exchange Commission to look into the social network’s user numbers. Musk, the CEO of Tesla and SpaceX, wrote […]
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Skipping meals and shrinking portions. Brits are being warned of ‘apocalyptic’ food price rises
More than four in five people in the U.K. are worried about rising living costs and their ability to afford basics necessities like food and energy over the coming months, according to a new survey. Tolga Akmen | Afp | Getty Images LONDON — A quarter of Britons have resorted to skipping meals as inflationary […]
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UK confirms plans to change post-Brexit trade rules, risks retaliation from Europe
Truss had previously warned the U.K. would have “no choice but to act” if EU lawmakers do not show the “requisite flexibility” over the protocol. Janine Schmitz | Photothek | Getty Images British Foreign Secretary Liz Truss confirmed on Tuesday that the government intends to introduce legislation to make changes to the Northern Ireland protocol […]
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‘The stakes here are now massive’: Turkey is threatening to block NATO membership for Sweden and Finland
Turkish President Recep Tayyip Erdogan speaks ahead of the peace talks between delegations from Russia and Ukraine at Dolmabahce Presidential Office in Istanbul, Turkiye on March 29, 2022. Arda Kucukkaya | Anadolu Agency | Getty Images Turkish President Recep Tayyip Erdogan has doubled down on his opposition to Sweden and Finland joining the NATO alliance, […]
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10-year Treasury yield climbs as investors await economic data, clues on monetary policy
The yield on the benchmark 10-year Treasury note climbed on Tuesday as investors awaited a fresh batch of economic data and watched for clues on the path of monetary policy. The yield on the 10-year Treasury note last traded up 4 basis points to 2.9240%, while the yield on the 30-year Treasury bond rose 4 basis points to […]
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Soldiers evacuated from besieged Mariupol steelworks; Turkey could block NATO bids from Finland, Sweden
Turkey says it won’t approve Finland, Sweden NATO bids Turkey’s President Tayyip Erdogan holds a news conference during the NATO summit at the Alliance’s headquarters in Brussels, Belgium June 14, 2021. Yves Herman | Reuters Turkey’s President Recep Tayyip Erdogan has reiterated Ankara’s objections to Sweden and Finland joining NATO, saying Turkey will not approve […]
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