Economic events
Goldman Sachs, Morgan Stanley warn of a market correction: ‘Things run and then they pull back’
A small replica of the Charging Bull statue is seen on a street vendor stall outside the New York Stock Exchange on July 11, 2025. Jeenah Moon | Reuters Global markets may be due for a reality check after this year’s relentless rally, as Goldman Sachs and Morgan Stanley on Tuesday cautioned investors to brace […]
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Cash-strapped governments are increasingly eyeing citizens’ retirement pots — and experts are sounding the alarm
As fiscal pressures deepen from aging populations and pandemic-era debt, governments are increasingly tapping into a tempting source of capital: citizens’ retirement savings. Pension fund assets across the Organization for Economic Cooperation and Development have more than tripled since 2003, reaching $63.1 trillion in 2024, according to the Mercer CFA Institute Global Pension Index. That […]
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Third-quarter earnings are indicating a divided economy
A Taco Bell restaurant in El Cerrito, California, US, on Tuesday, April 29, 2025. David Paul Morris | Bloomberg | Getty Images With more consumer companies preparing to report third-quarter earnings this week, Wall Street will be watching for signs of a bifurcated or “K-shaped” economy as consumers diverge in their spending behaviors. There have […]
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European markets start the new trading month higher
An aerial view of the Shard on June 28, 2012 in London, England. Greg Fonne/Getty Images LONDON — European stocks opened the new trading week — and month — on a positive note ahead of a busy week of central bank decisions and earnings. The pan-European Stoxx 600 opened just above the flatline. The U.K.’s […]
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European Central Bank holds rates steady as economy shows resilience
The European Central Bank has kept interest rates on hold, as expected, at its latest meeting on Thursday. The central bank held its key deposit facility rate at 2% for the third consecutive time, having last cut rates in June. The trim, which coincided with euro zone inflation hitting the ECB’s target rate of 2%, was […]
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The shark tank effect: How entrepreneurship is rising in small cities
LEAD PICTURE This report is from this week’s CNBC’s “Inside India” newsletter, which brings you timely, insightful news and market commentary on the emerging powerhouse. Subscribe here. The big story 31-year-old Aarushi Kilawat is a fashion entrepreneur from India’s Jaipur, a small city with less than 5 million residents — a far cry from Indian metropolises […]
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Euro zone economy ekes out 0.2% growth in the third quarter
Pedestrians wear protective face masks while passing stores and cafes on Rue Montorgueil in Paris, France, on Wednesday, Aug. 26, 2020. Bloomberg | Bloomberg | Getty Images The euro zone economy eked out 0.2% growth in the third quarter, just beating expectations, according to flash data from Eurostat on Thursday. Economists polled by Reuters had anticipated the bloc’s […]
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European markets open in negative territory ahead of earnings, growth data and ECB decision
General view of Amsterdam’s city center. Nurphoto | Nurphoto | Getty Images LONDON — European stocks were lower on Thursday as regional investors await more corporate earnings, the latest growth data and a European Central Bank rate decision. The pan-European Stoxx 600 was 0.1% lower at 8:55 a.m. in London (4:55 a.m. ET). The U.K.’s […]
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Chinese companies have begun to dominate Southeast Asia’s online shopping market
Key Points In Indonesia, Thailand and the Philippines, Chinese e-commerce players have quickly come to dominate around half of the online shopping market, Bain and Company said in a report Thursday. “Far from being killed by tariffs, the internationalization of Chinese retail is entering a new phase,” the consulting firm said. The findings come as […]
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10-year Treasury yield surges back above 4% after Powell says December rate cut far from certain
Treasury yields gained even after the Federal Reserve cut rates for a second time this year as central bank chief Jerome Powell indicated another easing in December was far from certain. The benchmark 10-year Treasury yield was 7 basis points higher at 4.054%. The 2-year Treasury note yield added 9 basis points to 3.582%. The 30-year bond yield rose 5 basis points […]
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