World
A global stock rout is deepening with investors fleeing to safe havens
A man looks at an electronic boarddisplaying stock prices of the Nikkei 225 listed on the Tokyo Stock Exchange in Tokyo on April 30, 2024. Kazuhiro Nogi | Afp | Getty Images Investors on Monday turned to safe-haven assets as a global stock sell-off deepened, following weaker-than-expected U.S. jobs data at the end of last […]
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European markets plunge 2.5% as global volatility deepens; mining stocks shed 3.6%
A stock exchange in Germany. Torsten Silz | AFP | Getty Images LONDON — European stocks fell sharply at the start of Monday’s session, as global volatility continues amid concerns of a looming U.S. recession. The regional Stoxx 600 index was 2.34% lower by 8:52 a.m. London time, with all sectors and major regional bourses […]
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High temperatures scorch China, spiking power demand
People are enjoying the cool water at a water park in Nanjing, China, on Aug. 4, 2024. Costfoto | Nurphoto | Getty Images Various regions in China continue to bake as temperatures remain elevated, especially in the country’s east, where excessive heat is expected to linger in the provinces of Jiangsu and Zhejiang as well […]
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UBS says ‘going into Japan now is like catching a falling knife,’ warns stock sell-off will continue
Going into the Japanese market at this moment is akin to catching “a falling knife,” Kelvin Tay, regional chief investment officer at UBS Global Wealth Management, told CNBC’s “Squawk Box Asia.” His comments come as the Nikkei 225 and the Topix extended their declines, falling past 7% on the day, and hovering close to bear market territory. […]
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Taiwan under pressure to bolster its defense as Trump-Harris presidential race stokes policy concerns
Taiwan President Lai Ching-te claps while he visits a military camp in Taoyuan, Taiwan May 23, 2024. Ann Wang | Reuters Taiwan is under growing pressure to build up its defense capabilities and deterrence against China in the face of uncertainty surrounding the U.S. elections slated for November, according to security and policy analysts. Taiwan’s […]
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China Evergrande’s EV arm units to enter bankruptcy, reorganization proceedings
The Evergrande Group headquarters building in Shenzhen is pictured on January 11, 2022 in Shenzhen, Guangdong Province of China. Liang Xiashun | Visual China Group | Getty Images China Evergrande New Energy Vehicle said on Monday a local court had ruled that two of its units should enter into bankruptcy and be reorganized, a week after individual creditors of the units filed for such proceedings. Shares […]
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Asia-Pacific markets poised to fall; Japan stocks set to continue last week’s rout
Pedestrians cross an intersection in the Shibuya district of Tokyo, Japan, on Tuesday, Feb. 6, 2024. Bloomberg | Bloomberg | Getty Images Asia-Pacific markets are set to continue Friday’s sell-off as investors look toward key trade data from China and Taiwan this week, as well as central bank decisions from Australia and India. Last Friday, […]
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These 10 stocks usually rise when Nvidia shares fall
Several stocks in the S & P 500 often rise whenever Nvidia shares fall, according to a CNBC Pro analysis. The U.S.-listed stocks are energy utility Xcel Energy , beverage makers Coca-Cola and Keurig Dr Pepper , food producer General Mills , health care companies Solventum , Cencora , Becton, Dickinson and Co , and […]
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Want to invest $50,000? Here are 5 ETFs to buy and hold, according to a wealth manager
2024 was expected to be a ” stock picker’s year ,” but macroeconomic uncertainties and some market volatility have seen many investors plow cash into exchange-traded funds (ETFs). Net flows into ETFs topped $200 million in the second quarter of this year, according to Fidelity, taking the year’s total to $404 billion — 85% higher […]
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Dow futures slide nearly 200 points after Nasdaq falls into a correction: Live updates
Traders work on the floor of the New York Stock Exchange during afternoon trading on August 02, 2024 in New York City. Michael M. Santiago | Getty Images U.S. stock futures fell Sunday night following a volatile week for Wall Street, in which the Nasdaq Composite dropped into correction territory. Dow Jones Industrial Average futures […]
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