World
EU countries divided on Chinese EV tariffs in vote, Reuters reports
Pictured here is a Zeekr electric vehicle charging station in Dongguan, Guangdong province of China, on Nov. 14, 2022. Vcg | Visual China Group | Getty Images European Union governments exposed divided views on the merits of EU tariffs on imports of China-built electric vehicles in a non-binding but still influential vote, sources with knowledge of the vote said on Tuesday. The European Commission, which oversees […]
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Asia-Pacific markets climb, tracking gains on Wall Street; yen intervention suspected
Cherry trees in bloom near the Nippon Budokan in Tokyo, Japan, on Sunday, April 7, 2024. Bloomberg | Bloomberg | Getty Images Asia-Pacific markets rose on Wednesday after the Dow Jones Industrial Average and the S&P 500 closed at record highs overnight as traders become increasingly bullish on interest rate cuts. Japan’s Nikkei 225 rose […]
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Morgan Stanley hikes price targets for Asian stocks it says will benefit from greater iPhone demand
Increased shipments of Apple’s iPhones will be a key “volume driver” for the supply chain, according to Morgan Stanley. Consumers have been replacing their iPhones less often — an average of every five years from 3.7 years in 2021, according to the bank. But the situation is set to change, with Apple Intelligence predicted to […]
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‘Too cheap to ignore’: Buy this under-the-radar global bank with a 9% yield, analyst says
Shares of Nordea Bank , the Finnish lender, have been labeled “too cheap to ignore” by investment bank Berenberg. Nordea , founded in 1820 and headquartered in Helsinki, has millions of customers throughout Finland, Sweden, Norway, and Denmark. The stock is also traded in the U.S., U.K. , Germany , Italy and Switzerland . Earlier […]
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Stock futures are little changed after Dow posts best day since June 2023: Live updates
Traders work on the floor of the New York Stock Exchange during afternoon trading on June 03, 2024 in New York City. Michael M. Santiago | Getty Images Stock futures are little changed on Tuesday night after the Dow Jones Industrial Average posted its best day since June 2023. Futures tied to the Dow added […]
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IMF sees ‘bumps’ in path to lower inflation
The International Monetary Fund warned Tuesday that upside risks to inflation have increased, calling into question the prospect of multiple Federal Reserve interest rate cuts this year. In its latest World Economic Outlook update, the IMF said “the momentum on global disinflation is slowing, signaling bumps along the path.” The rise in sequential inflation in […]
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IMF upgrades UK growth forecast in another boost to new Labour government
Seen through the branches of trees in Ruskin Park are the lit porches of terraced period homes and in the distance, the growing development at Nine Elms, on 14th May 2024, in London, England. Richard Baker | In Pictures | Getty Images LONDON — The International Monetary Fund on Tuesday lifted its 2024 growth outlook […]
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Traders see the odds of a Fed rate cut by September at 100%
Federal Reserve Bank Chair Jerome Powell speaks during a House Financial Services Committee hearing on the Federal Reserve’s Semi-Annual Monetary Policy Report at the U.S. Capitol on July 10, 2024 in Washington, DC. Bonnie Cash | Getty Images Traders are now 100% certain the Federal Reserve will cut interest rates by September. There are now […]
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From ‘quiet quitting’ to ‘coffee badging’ — why employees are less interested in work
Some workers are phoning it in, and it shows. After mostly trending up for years, workplace engagement has flatlined. Now, only one-third of full- and part-time employees are engaged in their work and workplace, while roughly 50% are not engaged — reflected in the evolution of “quiet quitting” — and the rest, another 16%, are […]
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Britain sees low-alcohol beer sales boom during Euros soccer championship
People watch England play Spain in the Euro Cup final shown at the Pub on the Park in London Fields on the 14th of July 2024, London, United Kingdom. Kristian Buus | In Pictures | Getty Images LONDON — While the European men’s soccer championship ended in gloom yet again for England, the tournament boosted […]
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