World
Home Depot expects sales to weaken as consumers grow more cautious
Home Depot on Tuesday topped quarterly expectations, but cautioned that sales will be weaker than expected in the back half of the year as high interest rates and consumer uncertainty dampen demand. The home improvement retailer said it now expects full-year comparable sales to decline by 3% to 4% compared to the prior fiscal year. […]
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The big ‘carry trade’ unwind is far from over, strategists warn
A man walks in front of an electronic quotation boards displaying the share price on the Tokyo Stock Exchange (L) and the foreign exchange rate for the Japanese yen against the US dollar (R) in Tokyo on August 6, 2024. Kazuhiro Nogi | Afp | Getty Images It’s too early to give the all-clear to […]
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Unwinding of carry trade will benefit Japan, Monex Group’s Koll says
Corrections in the yen and the unwinding of the carry trade are positive developments for Japan, said Jesper Koll, a veteran investor who remains bullish on the Japanese market. “It forces investors to focus on the real Japan strategy … not just a quick carry trade, borrowing at close to zero interest rates in Japan […]
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Auctions of early King Charles bank notes raise $1.17 billion for charity
A person holds some of the newly released banknotes, featuring the King’s portrait, outside the Bank of England, London. Lucy North – Pa Images | Pa Images | Getty Images LONDON — Auctions of King Charles III bank notes with low serial numbers have raised £914,127 ($1.17 million) for charity, according to the Bank of […]
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People leave New Zealand in record numbers as economy bites
Auckland, New Zealand. Scott E Barbour | The Image Bank | Getty Images People are leaving New Zealand in record numbers as unemployment rises, interest rates remain high and economic growth is anemic, government statistics show. Data released by Statistics New Zealand on Tuesday showed that 131,200 people departed New Zealand in the year ended […]
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CNBC Daily Open: Oil soars on Middle-East tensions
Traders work on the floor of the New York Stock Exchange during afternoon trading on March 27, 2024. 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 matter where they are. […]
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Stock futures are little changed as investors await key inflation data: Live updates
Traders work on the New York Stock Exchange (NYSE) floor on August 08, 2024 in New York City. Spencer Platt | Getty Images U.S. stock futures rose early Tuesday as investors await this week’s key inflation data. Dow Jones Industrial Average futures climbed 81 points, or 0.21%. S&P 500 futures and Nasdaq 100 futures climbed […]
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Australia’s second-quarter wages rise at slowest pace in a year
Shoppers walk around Pitt Street Mall on June 07, 2022 in Sydney, Australia. Brendon Thorne | Getty Images Australian wages rose at their slowest pace in a year in the June quarter, falling short of expectations, while softer gains in the private sector suggest the labor market was easing. Figures from the Australian Bureau of Statistics on Tuesday showed its wage price index […]
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Japan stocks lead gains in Asia as Nikkei climbs more than 2% in return from holiday
Colorful old shophouses in Cross Street, Chinatown. Pictures From History | Universal Images Group | Getty Images Japan’s major indexes gained more than 2% in Tuesday morning trading as they returned from a holiday. The benchmark Nikkei 225 jumped 2.53% higher and breached 36,000 for the first time since Aug. 2. The Topix followed suit, gaining […]
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CNBC Daily Open: Oil soars on Middle-East tensions
Traders work on the floor of the New York Stock Exchange during morning trading on May 31, 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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