World
Wall Street is betting on the rest of the world in Trump 2.0
President Donald Trump’ s “America First” policies are having the unintended consequence of making the rest of the world suddenly attractive to investors. International stocks outside the U.S. are outperforming in a way they haven’t in years, with the iShares MSCI Emerging Markets ETF (EEM) and the iShares MSCI EAFE ETF (EFA) rallying more than […]
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Abu Dhabi’s ADQ and American private equity firm ECP make $25 billion bet on powering U.S. data centers
A car drives past a building of the Digital Reality Data Center in Ashburn, Virginia, U.S., March 17, 2025. Leah Millis | Reuters Sovereign wealth fund ADQ and American private equity firm Energy Capital Partners, or ECP, have signed a deal for a $25 billion investment partnership dedicated to increasing power generation, primarily in the […]
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S&P 500 seesaws as benchmark tries to continue comeback from monthlong rout: Live updates
Traders work on the floor at the New York Stock Exchange on March 20, 2025. Brendan McDermid | Reuters The S&P 500 fell on Thursday as the index attempted to build on the previous session’s strong gains, while some solid housing data assuaged some concerns about the U.S. economy falling into a recession. The S&P […]
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Energy Secretary Chris Wright says Trump push to produce more oil is driving down prices
Energy Secretary Chris Wright said Thursday that the oil market is discounting President Donald Trump’s push to produce more crude and gas in the United States. “We’ve seen a market discounting the fact that clearly it’s going to be easier to produce oil and gas in the United States,” Wright told CNBC’s “Squawk Box.” “More […]
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European leaders push for even more defense spending — despite plans for $867 billion ‘ReArm’ package
Ukrainian army soldiers of the 22nd brigade during tank training as Russia-Ukraine war continues in Donetsk Oblast, Ukraine on October 29, 2023. Diego Herrera Carcedo | Anadolu Agency | Getty Images The European Union has plans to step up its defense spending in a big way — but some leaders want it to go even […]
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‘Transitory’ is back as the Fed doesn’t expect tariffs to have long-lasting inflation impacts
The “good ship Transitory,” despite an ominous record, appears ready to sail again for the Federal Reserve. Economic projections the central bank released Wednesday indicate that while officials see inflation moving up this year more rapidly than previously expected, they also expect the trend to be short-lived. The outlook spurred talk again about “transitory” inflation […]
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EU delays implementing first retaliatory tariffs on U.S. goods to middle of April
EU flags flutter in front of European Central Bank (ECB) headquarters in Frankfurt, Germany July 18, 2024. Jana Rodenbusch | Reuters The European Union will delay implementing its first set of tariffs on goods from the U.S. until the middle of April, an EU spokesperson told CNBC Thursday. “The Commission has decided to align the timing of the […]
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Bank of England holds interest rates, warns global trade uncertainty has intensified
Bank of England, the Royal Exchange and the statue of the Duke of Wellington in the City of London on 19th February 2025 in London, United Kingdom. Mike Kemp | In Pictures | Getty Images The Bank of England left interest rates unchanged Thursday as the U.K. economy contends with uncertainty around global trade and […]
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Op Ed: India needs to urgently decarbonize its power sector. Here’s how it can succeed
India has always been a country of dichotomies. It is the world’s most populous nation, fifth biggest economy and home to the highest number of billionaires after China and the U.S. It is a world leader in digital finance, thanks to the creation of digital public infrastructure, and is the world’s third-largest start-up hub. Yet […]
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World’s largest sovereign wealth fund invests $740 million in London’s Covent Garden
Covent Garden market in London Julian Elliott Photography | Stone | Getty Images Norway’s $1.8 trillion sovereign wealth fund — the largest of its kind in the world — on Thursday said that it struck a deal to buy a quarter of a property portfolio in London’s iconic Covent Garden, in its latest bet on […]
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