Home / World

World

It’s possible the US economy is not ‘late cycle’

(This story is part of the Weekend Brief edition of the Evening Brief newsletter. To sign up for CNBC’s Evening Brief, click here.) The idea that we are late in the economic and financial-market cycle is one that even most Wall Street bulls won’t dispute. After all, when the economic …

Read More »

266,000 payrolls added, 3.5% unemployment

The jobs market turned in a stellar performance in November, with nonfarm payrolls surging by 266,000 and the unemployment rate falling to 3.5%, according to Labor Department numbers released Friday. Those totals easily beat the Wall Street consensus. Economists surveyed by Dow Jones had been looking for solid job growth …

Read More »

RBI did the ‘wrong thing’ by not cutting rates, Mark Mobius says

Mark Mobius, Executive Chairman of Templeton Emerging Markets Group. Anjali Sundara | CNBC India’s central bank was wrong to keep its benchmark interest rates unchanged on Thursday, according to veteran emerging markets investor Mark Mobius. The Reserve Bank of India surprised markets by keeping its repo rate — the rate …

Read More »

Bull markets often end with a euphoric ‘blow-off top’ rally

The stock market’s poor start to December halted in its tracks the kind of euphoric rally that has marked the end of past bull markets, a so-called blow-off top. Between mid-August and late November, the was up 10.5% in a 74-day sprint that seemed to be immune from negative headlines. According …

Read More »

RBI expected to cut rates but that may not be enough to spur growth

The Reserve Bank of India (RBI) logo is displayed outside of the bank’s headquarters in Mumbai, India, on Tuesday, Aug. 9, 2011. Kainaz Amaria | Bloomberg | Getty Images India’s central bank is expected to slash rates on Thursday after recent data revealed economic growth slowed to a six-year low, …

Read More »

Dow drops 450 points after Trump says he could wait on China deal

U.S. equities sank on Tuesday after President Donald Trump suggested he may want to delay a trade deal with China until after the 2020 presidential election. The Dow Jones Industrial Average fell more than 450 points in morning trading, led lower by trade-vulnerable Apple, Caterpillar and 3M. The S&P 500 …

Read More »

Three charts that show why Trump thinks NATO is a bad deal

The NATO summit celebrates its 70th birthday in London this week but some of the main attendees aren’t quite in the party mood. The biggest guest, President Donald Trump, has traveled to the U.K. capital to attend the meeting and join other heads of state in marking the alliance’s seven …

Read More »

Natural gas is one of the few trades that hasn’t worked, down 50% in 12 months

Pretty much every trade has worked on Wall Street this year except one: natural gas. Futures prices fell to a one-month low on Friday after plunging more than 12% for the week. The commodity is currently trading around $2.34 per million British thermal units, which is nearly 50% below where …

Read More »

Jack Dorsey’s move to Africa raises questions for investors

Jack Dorsey, co-founder and chief executive officer of Twitter Inc., speaks during an interview in New York, U.S., on Monday, May 1, 2017. Michael Nagle | Bloomberg | Getty Images Jack Dorsey’s stated plan to move to Africa for up to six months is dividing Square and Twitter analysts. The CEO …

Read More »

Apple, Microsoft contribute more than 1000 points to the Dow this year

Apple and Microsoft are leading the record market rally in 2019. The two have amassed a collective $819 billion in market cap this year, leading the Dow Jones Industrial Average to all-time highs. If those gains were stripped from the Dow, the blue-chip index would be nearly 1,100 points lower …

Read More »