business news
Treasury yields fall, with inflation data in focus
U.S. Treasury yields fell early on Thursday, with investors focused on the inflation data due out later in the morning. The yield on the benchmark 10-year Treasury note fell 3 basis points to 2.3270% at 4:30 a.m. ET. The yield on the 30-year Treasury bond moved under a basis point lower to 2.4789%. The rate […]
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Russia holds onto positions near Kyiv; UK spy chief says Putin ‘massively misjudged’ war. Follow our live updates
Putin has ‘massively misjudged’ the situation in Ukraine, UK intelligence chief says Russian President Vladimir Putin attends a meeting with Presidential Grants Foundation CEO Ilya Chukalin in Moscow, Russia March 29, 2022. Mikhail Klimentyev | Sputnik | Reuters Russian President Vladimir Putin has misjudged the situation in Ukraine, but his advisors are scared of telling […]
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As the pandemic enters its 3rd year, more Chinese people say they’d rather save than spend
While mainland China faced its worst wave of Covid-19 since the initial shock of the pandemic, a central bank survey found more Chinese wanted to save money than spend or invest it. Costfoto | Future Publishing | Getty Images BEIJING — Chinese consumers are becoming more cautious than they were near the start of the […]
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Oil prices slide as Biden considers huge reserves release
A general view shows Marathon Petroleum’s oil refinery, following Russia’s invasion of Ukraine, in Anacortes, Washington, March 9, 2022. David Ryder | Reuters LONDON — Oil prices dropped sharply on Thursday after reports that U.S. President Joe Biden is considering the release of up to 180 million barrels from the country’s strategic petroleum reserve (SPR). […]
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Nord Stream 2 cost $11 billion to build. Now, the Russia-Europe gas pipeline is unused and abandoned
A worker adjusts a pipeline valve at the Gazprom PJSC Slavyanskaya compressor station, the starting point of the Nord Stream 2 gas pipeline, in Ust-Luga, Russia, on Thursday, Jan. 28, 2021. Bloomberg | Bloomberg | Getty Images One of the early casualties of Russia’s invasion of Ukraine — and its continuing geopolitical and economic fallout […]
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How hackers and geopolitics could derail the planned energy transition
This image shows an onshore wind turbine in the Netherlands. Mischa Keijser | Image Source | Getty Images Discussions about the energy transition, what it means and whether it’s actually underway at all, have become major talking points in recent years. How the transition — which can be seen as a shift away from […]
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China’s zero-Covid policy tests small businesses in a make-or-break it year
Shanghai is in a two-part lockdown and has announced about 140 billion yuan ($21.88 billion) in tax relief, according to state media. The eastern half of the Chinese financial hub is in lockdown as authorities test all the city’s population in a bid to contain the epidemic. Yu Ruwen | Future Publishing | Getty Images […]
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Las Vegas Grand Prix confirmed for Formula 1 calendar in 2023
In this file photo, the famous Welcome to Fabulous Las Vegas Nevada neon sign is seen at dusk. Joe Sohm | Visions Of America | Universal Images Group | Getty Images Formula One will return to Las Vegas next year with the race taking place on the famous Las Vegas Strip. The grand prix will […]
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What it’s like to travel to Australia right now
CNBC Travel went to the land “Down Under” to answer common questions about traveling to Australia. Australia’s rigid pandemic border policies led some to wonder if international travelers would still want to visit. It appears they do. Four weeks after the country opened to vaccinated visitors, international flight bookings are nearly half (49%) of pre-pandemic […]
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Wall Street banks name their top global stock picks to navigate market volatility
Defensive stocks, “rock solid” payouts and buying the dip: Wall Street analysts share their favorite strategies for navigating the market volatility right now. Source
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