US Treasuries rose on Thursday as investors pondered what could be next for the economy as debt ceiling negotiations continue and uncertainty over the interest rate outlook intensifies. As of 5:42 a.m. ET, the 10-year Treasury yield was up more than 4 basis points to 3.763%. The 2-year Treasury note was trading up 7 basis … Read more
Data from the German statistics office on Thursday showed a downward revision to GDP of zero to -0.3% for the first three months of the year. Germany also recorded a contraction of 0.5% in the last quarter of 2022. Before sunrise, residential buildings and office towers in the banking metropolis of Frankfurt are reflected in … Read more
There are 3 minutes Bank of Korea set to start cutting rates early next year, Deutsche Bank says The Bank of Korea is expected to start cutting its benchmark interest rate early next year, said Juliana Lee, head of APAC economic research at Deutsche Bank. Lee added that she expects the central bank’s policy fulcrum … Read more
UK inflation data paints a picture of the UK economy. Bloomberg/Contributor/Getty Images LONDON — UK inflation fell sharply in April as energy prices retreated and the impact of Russia’s invasion of Ukraine began to fade from the annual comparison of consumer price. Headline CPI inflation stood at 8.7% year-on-year, the Office for National Statistics said … Read more
17 minutes ago Stocks make biggest moves after hours trading Find out which companies are making headlines in extended trading. Palo Alto Networks – Shares gained 3.5% after the company’s fiscal third-quarter earnings and revenue beat estimates. The cybersecurity company posted adjusted earnings of $1.10 per share and revenue of $1.72 billion. Analysts polled by … Read more
Former Federal Reserve Chairman Ben Bernanke thinks central bankers still have work to do to get inflation under control. An article by Bernanke and economist Olivier Blanchard notes that inflation has moved on since hitting a 40-year high in the summer of 2022. In a discussion of the paper, economist Jason Furman noted that fiscal … Read more
People are reflected in an electronic rating board displaying the Nikkei Stock Average at 225 numbers (top) as they cross a street in Tokyo on May 17, 2023. (Photo by Kazuhiro NOGI / AFP) (Photo by KAZUHIRO NOGI/ AFP via Getty Images) Kazuhiro Nogi | AFP | Getty Images Asia-Pacific markets mostly slipped on Tuesday … Read more
An hour ago New Zealand’s central bank is expected to hike rates by 25 basis points to 5.5% New Zealand’s central bank is expected to raise its benchmark key rates to 5.5% at its meeting on Tuesday, according to a Reuters poll of 25 economists. 21 of the economists surveyed expected a rise, while the … Read more
Chief Investment Officer Patrick Armstrong is betting that a number of global commercial real estate stocks are set to fall further. Armstrong, who manages equity strategy for wealth manager Plurimi, told CNBC Pro on Monday that he held short positions in shares of London-listed British Land, U.S.-listed Simon Property, Frankfurt-listed Vonovia and China. Vanke listed … Read more
It’s that time again! “Mad Money” host Jim Cramer rings the lightning round bell, which means he gives his answers to common caller questions at a rapid pace. See the table… Snap’s year-to-date stock performance. Snap: “They need to monetize their existing user base, but I’ll tell you something: Every stock that’s shorted right now … Read more
