World
Greater risk is paying off for these tax-free bonds. Here’s how they may fit into your portfolio
When it comes to tax-free municipal bonds, investors who are comfortable with taking more risk are seeing attractive returns. High-yield municipal bonds – issues that are rated below BBB by Standard & Poor’s – have greater default risk than their investment-grade counterparts. The riskier bonds outperformed in the first half of the year, posting total […]
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CNBC’s Inside India newsletter: How will India spend its billions?
New Delhi, India – February 01: Finance minister, Nirmala Sitharaman, outside Finance Ministry on the Budget Day, with other members of Finance Ministry in New Delhi on February 01, 2024. (Photo by Hardik Chhabra/ The India Today Group via Getty Images) The India Today Group | The India Today Group | Getty Images This report […]
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European stocks close slightly lower as ECB holds interest rates steady, Volvo Cars jumps 9%
23 February 2024, Hesse, Frankfurt/Main: The lights of Frankfurt am Main’s banking skyline glow in the last light of day. Photo: Boris Roessler/dpa (Photo by Boris Roessler/picture alliance via Getty Images) Boris Roessler | Picture Alliance | Getty Images European markets closed slightly lower on Thursday, slipping from gains held through most of the session […]
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Bank of England reports problems with CHAPS payments system
Blurred buses pass the Bank of England in the City of London on 7th February 2024 in London, United Kingdom. Mike Kemp | In Pictures | Getty Images The Bank of England said on Thursday that a “global payments issue” was affecting the interbank payments service CHAPS, delaying some high-value and time-sensitive payments including some […]
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Citadel’s Ken Griffin buys a stegosaurus for $45 million in a record auction sale
People look at a virtually complete Stegosaurus fossil on display at Sotheby’s on July 10, 2024 in New York City. Alexi Rosenfeld | Getty Images Billionaire investor Ken Griffin, founder and CEO of hedge fund Citadel, purchased a late-Jurassic stegosaurus skeleton for $44.6 million at Sotheby’s Wednesday, marking the most valuable fossil ever sold at […]
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European Central Bank holds interest rates, says domestic price pressures ‘still high’
The European Central Bank left interest rates unchanged on Thursday, after implementing a cut in June. “Monetary policy is keeping financing conditions restrictive. At the same time, domestic price pressures are still high, services inflation is elevated and headline inflation is likely to remain above the target well into next year,” the ECB’s Governing Council […]
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Germany to slash military aid budget in blow to Ukraine
A view of damaged building amidst rubble after the Russian missile attack in Myrnohrad, Donetsk Oblast, Ukraine on July 16, 2024. Jose Colon | Anadolu | Getty Images Germany is set to significantly reduce funds dedicated to strengthening partner states in the areas of security, defense and stabilization — a section of its budget which […]
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UK plans law to prevent repeat of Liz Truss ‘mini-budget’ crisis that triggered bond sell-off
U.K. Prime Minister Liz Truss faces increasing pressure to resign. WPA Pool / Pool / Getty Images LONDON — The new U.K. government is on Thursday set to propose legislation to prevent “significant uncosted measures” from being announced without an analysis of their impact on public finances. The Labour government, which took power from the […]
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Nokia shares slide 8% after posting lowest quarterly net sales figure since 2015
BARCELONA, SPAIN – FEBRUARY 26: A logo sits illuminated at the Nokia booth in the Mobile World Congress 2024 on February 26, 2024 in Barcelona, Spain. (Photo by Xavi Torrent/Getty Images) Xavi Torrent | Getty Images News | Getty Images Shares of Finnish telecom firm Nokia tumbled on Thursday after the company reported a 32% […]
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Volvo Cars jumps 7% after reporting a record core operating profit
A worker at a Volvo car store introduces the Volvo xc60 and other models via a live streaming in Shanghai, China, March 18, 2024. Cfoto | Future Publishing | Getty Images Shares of Volvo Cars rose sharply on Thursday after the company reported a jump in annual operating profit for the second quarter. By 9:04 […]
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