Economic events
Asia markets to open mixed even as Wall Street notches fresh records
The full moon, otherwise known as a strawberry supermoon, is seen over the Skyline of the CBD in Sydney, Australia June 15, 2022. Steven Saphore | Anadolu Agency | Getty Images Asia-Pacific markets opened mixed on Wednesday, following gains on Wall Street that saw the S&P 500 and the Dow Jones Industrial Average reach new intraday and closing records. […]
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Europe markets open lower as global rally stutters; investors digest Trump tariff implications
European stocks opened lower Tuesday as investors assess the global implications of U.S. President-elect Donald Trump’s plans to hike tariffs on China, Mexico and Canada. The regional Stoxx 600 was down 0.61% at 8:10 a.m. London time as all sectors bar telecoms retreated. Autos led losses, down 2.1%. The index had ended in the green for a […]
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Republicans gear up for the coming battle over $5 trillion tax cut’s costs
As Republicans on Capitol Hill lay the groundwork for extending the 2017 tax cuts, cracks are already emerging on one of the biggest questions: how to handle the cost. Extending the tax provisions is estimated to increase the deficit by $5 trillion, according to the nonpartisan Congressional Budget Office. Yet many lawmakers are quick to […]
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European stocks close higher as global markets rally; UniCredit falls 5% after making offer for Banco BPM
European markets close slightly higher European stocks closed slightly higher Monday, buoyed by positive sentiment stateside. The pan-European Stoxx 600 provisionally ended 0.14% higher, with most sectors and major bourses in the green. Household goods and mining stocks led gains, both adding 1.21%, while oil and gas stocks fell 1%. — Karen Gilchrist Dow and […]
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Russian food prices are soaring — but no one dares blame Putin and the war
Shoppers with a cart choose vegetables and fruits at the Okey supermarket in St. Petersburg. Sopa Images | Lightrocket | Getty Images A break-in at a small food store in the Russian city of Yekaterinburg wouldn’t usually make headlines around the world, but this time was different. CCTV footage from the store, Dairy Place, in […]
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Can Saudi Arabia keep pace with its ambitious mega-project spending spree?
Digital render of NEOM’s The Line project in Saudi Arabia The Line, NEOM In Saudi Arabia’s northwestern desert, a sprawling construction site replete with cranes and pile drivers sits encircled by a recently-built road. A pair of tracks cuts through the site like deep gashes through the sand, comprising the spine of what planners say […]
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China’s central bank keeps medium-term loan rate unchanged amid yuan weakness
A man walks past the People’s Bank of China (PBOC) building on July 20, 2023 in Beijing, China. (Photo by Jiang Qiming/China News Service/VCG via Getty Images China News Service | China News Service | Getty Images China on Monday kept its medium-term lending rate steady, as the country’s central bank seeks to stabilize the […]
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Asia markets kickstart data-heavy week on strong note with Aussie stocks hitting record highs
The full moon, otherwise known as a strawberry supermoon, is seen over the Skyline of the CBD in Sydney, Australia June 15, 2022. Anadolu Agency | Anadolu Agency | Getty Images Asia-Pacific markets rose Monday, with investors awaiting a slew of economic data this week including Korea central bank’s rate decision and India’s third-quarter GDP […]
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Stock futures rise Sunday ahead of shortened trading week: Live updates
Traders work on the floor of the New York Stock Exchange on Nov. 22, 2024 in New York City. NYSE U.S. stock futures climbed Sunday night as Wall Street kicked off a shortened Thanksgiving trading week. Markets are closed on Thursday for Thanksgiving Day and end early on Friday. Dow Jones Industrial Average futures rose […]
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Why the U.S. is growing less food
The United States’ fruit and vegetable production, as well as the number of farms in the country, has been declining for decades while it increasingly relies on other countries to fill in the gap, according to the United States Department of Agriculture. “We have nearly a billion acres of farmland, we have a population of […]
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