World
China says India has no right to develop contested border region
Chinese Premier Li Keqiang meets with Indian Vice President Shri Mohammad Hamid Ansari at the Great Hall of the People in Beijing on June 28, 2014. Wang Zhao | AFP | Getty Images India has no right to carry out development in the area China calls South Tibet, China’s Foreign Ministry said on Wednesday in response to a Reuters report on New Delhi’s […]
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CNBC Daily Open: A true bull market — it’s not Wall Street
Traders work the floor of the New York Stock Exchange on July 25, 2023, in New York City. Angela Weiss | AFP | 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 matter where they […]
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Asia-Pacific markets set for higher open, tracking tech rally and rate cut hopes
Commercial and residential buildings are illuminated at dawn in Seoul, South Korea, on Saturday, Oct. 21, 2023. South Korea has prepared a financial support program of 75.9 trillion won ($56.97 billion) for companies increasing investment in key sectors as well as small businesses struggling with the impact of high interest rates. Bloomberg | Bloomberg | Getty […]
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Looking for dividend stocks? Here are Morgan Stanley’s top Asia picks for the quarter
Investing at a time of high interest rates and macroeconomic uncertainty — is no mean feat. The uncertainty has led Morgan Stanley to reiterate its recommendation to buy dividend stocks. The investment bank noted that the MSCI Asia Pacific ex-Japan High Dividend Index has slightly underperformed the MSCI Asia Pacific ex-Japan index in the second […]
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Archegos founder Bill Hwang convicted at criminal trial over fund’s collapse
Sung Kook (Bill) Hwang, the founder and head of the private investment firm Archegos, arrives at the Manhattan Federal Courthouse in New York City, U.S., July 9, 2024. Andrew Kelly | Reuters Archegos Capital Management founder Sung Kook “Bill” Hwang was convicted of fraud and other charges by a jury in Manhattan federal court on […]
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Key inflation report looms on Thursday as traders grow more confident in Fed rate cut
An Aldi supermarket in Alhambra, California, on June 27, 2024. Eric Thayer | Bloomberg | Getty Images A widely anticipated inflation report on Thursday may solidify expectations for the Federal Reserve to cut interest rates in coming months. The consumer price index, or CPI, report for June is due out at 8:30 a.m. ET. Recent […]
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The best small- and midcap stocks to buy this summer, according to Oppenheimer
With the second half of the year underway, Oppenheimer is highlighting what it calls its top small- and midcap seasonal standout investment ideas. Smallcap stocks have underperformed the S & P 500 this year, with the Russell 2000 virtually unchanged, up a scant 0.12% through Tuesday. The broad market index, however, has advanced around 17%. […]
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Goldman says investors should start shifting out of cash. Here’s where it sees opportunity
Investors enjoying juicy yields on their cash should start preparing to shift their strategy, according to Goldman Sachs. People piled into cash instruments such as Treasury bills and money market funds as the short end of the yield curve rose alongside Federal Reserve interest rate increases starting in early 2022. Now, some $6.15 trillion is […]
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Number of millionaires to soar globally but plunge in the UK, research finds
People walk through a Manhattan mall on July 05, 2024 in New York City. Spencer Platt | Getty Images News | Getty Images LONDON — The number of global millionaires is set to keep rising over the next five years — with the U.K. a stark outlier, according to the 2024 Global Wealth Report from […]
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Volkswagen shares slip as it considers Brussels plant closure on weak EV demand
A Volkswagen logo is seen at the New York International Auto Show Press Preview, in Manhattan, New York City, U.S., March 27, 2024. David Dee Delgado | Reuters Volkswagen shares dipped Wednesday after the company issued an overnight profit warning and announced it was considering the potential closure of an Audi plant in Brussels. The […]
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