World
CNBC Daily Open: Rising geopolitical risk
Traders work on the floor of the New York Stock Exchange during afternoon trading on April 09, 2024 in New York City. Michael M. Santiago | Getty Images 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 […]
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Asia-Pacific markets set to mostly fall after Nasdaq records its worst day since 2022
Japan’s Nikkei 225 has been the top performer this year, among large economy stock indexes in Asia and many believe that stocks in the region have more room to run in 2024. Marco Bottigelli | Moment | Getty Images Asia-Pacific markets were mostly set to decline after the Nasdaq Composite fell nearly 2.8% overnight — posting […]
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Fund manager picks the stocks and sectors that investors should play right now
Portfolio manager Chad Morganlander named a raft of sector and stock plays for investors right now, and revealed he was bullish on small-cap names. Referring to the performance of the Russell 2000 , a U.S. focused small-cap benchmark, the senior portfolio manager at Washington Crossing Advisors noted that these smaller firms have been on an […]
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Will the rally in small-cap stocks last? Investors share their take — and their picks
Investors are flocking to small-cap stocks right now, driving this segment of the market to new highs this week. The Russell 2000 index hit its highest level of 2,194.46 on Monday since January 2022 when the index traded as high as 2,196.74, according to CNBC analysis. The index, which comprises small-cap companies in the U.S. […]
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Stock futures rise slightly after Nasdaq’s worst day since 2022: Live updates
Traders work on the floor at the New York Stock Exchange on June 14, 2024. Brendan Mcdermid | Reuters U.S. stock futures inched higher Wednesday evening after the Nasdaq Composite‘s worst session since 2022 amid investors’ rotation out of big tech high-flyers. Dow Jones Industrial Average futures rose 48 points, or 0.12%. S&P 500 futures […]
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Here’s why international buyers are pulling way back from the U.S. housing market
International buyers of U.S. residential real estate are running into the same hurdles as domestic buyers — namely high prices and tight supply — but they’re also up against a strong U.S. dollar, which makes the properties even more expensive for them. As a result, international buyers are pulling out. They purchased 54,300 existing homes […]
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U.S. and Saudi Arabia sign agreement for joint space exploration and research
Rana Dias | Caiaimage | Getty Images The U.S. and Saudi Arabia pledged to collaborate on civilian space research and exploration in a bid to strengthen joint work between the allies, NASA and the State Department said in a Tuesday statement. The two nations signed a framework agreement for cooperation on areas including aeronautics, education […]
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UK’s Labour vows planning reform and clean energy transition as King’s Speech reveals key policies
King Charles III and Queen Camilla are seen leaving Buckingham Palace ahead of the State Opening of Parliament on July 17, 2024 in London, England. Jeff Spicer | Getty Images News | Getty Images LONDON — The U.K.’s new Labour government on Wednesday outlined a raft of proposed legislation, including the nationalization of rail operators […]
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Reckitt’s baby formula sales to suffer after tornado damages Indiana warehouse
Enfimil infant formula, made by Mead Johnson Nutrition Co., sits on display in a supermarket in New York, U.S. Daniel Acker | Bloomberg News | Getty Images Sales of Reckitt‘s Mead Johnson baby formula powder are likely to take a short-term hit after a tornado damaged a third-party warehouse in the United States, the British […]
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Gold prices notches fresh record on Fed rate cut optimism
One kilogram gold bullion at the YLG Bullion International Co. headquarters in Bangkok, Thailand, on Friday, Dec. 22, 2023. Bloomberg | Bloomberg | Getty Images Gold prices continued to notch new records Wednesday, lifted by increasing conviction that the Federal Reserve will cut interest rates in September following comments from Fed Chair Jerome Powell. Spot […]
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