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Economy

No sign of U.S. recession in freight demand, Maersk CEO says

by Adrian Jhonsan
No sign of U.S. recession in freight demand, Maersk CEO says

Shipping giant Maersk, considered a barometer for global trade, is not seeing signs of a U.S. recession as freight demand remains robust, the company’s chief executive said Wednesday. “We’ve seen …

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Categories World

Market correction may not be over yet

by Milton Acorn
Market correction may not be over yet

Traders work on the floor of the New York Stock Exchange during morning trading on August 06, 2024 in New York City.  Michael M. Santiago | Getty Images This report …

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Categories Science

Sahm rule creator doesn’t think that the Fed needs an emergency rate cut

by Adrian Jhonsan
Sahm rule creator doesn’t think that the Fed needs an emergency rate cut

The U.S. Federal Reserve does not need to make an emergency rate cut, despite recent weaker-than-expected economic data, according to Claudia Sahm, chief economist at New Century Advisors. Speaking to …

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Categories World

Correction may not be over yet

by Milton Acorn
Correction may not be over yet

Traders work on the floor of the New York Stock Exchange during morning trading on August 06, 2024 in New York City.  Michael M. Santiago | Getty Images This report …

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Categories Science

Case for buying bonds amid stock market volatility

by Adrian Jhonsan
Case for buying bonds amid stock market volatility

Investors may want to consider bonds to help navigate the market’s recent volatility. Joanna Gallegos, BondBloxx co-founder and CEO, recommends prioritizing income and high-yield bonds. “It can be really important …

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Categories World

Markets are counting on the Fed to head off recession with sizeable interest rate cuts

by Adrian Jhonsan
Markets are counting on the Fed to head off recession with sizeable interest rate cuts

Federal Reserve Chairman Jerome Powell takes a question from a reporter during a news conference following a Federal Open Market Committee meeting at the William McChesney Martin Jr. Federal Reserve …

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Categories World

Canadian markets open lower amid global selloff aftershocks – National

by Adrian Jhonsan
Canadian markets open lower amid global selloff aftershocks – National

Descrease article font size Increase article font size Canadian markets are catching up to a global selloff on Tuesday that rocked major stock indices around the world the day before. …

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Categories World

Dow sheds 1,000 points, Japan stocks rebound

by Milton Acorn
Dow sheds 1,000 points, Japan stocks rebound

A trader works on the floor of the New York Stock Exchange. NYSE This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors …

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Categories Science

UNESCO names Gaza site to both its World Heritage and In Danger lists

by Monica Lozano
UNESCO names Gaza site to both its World Heritage and In Danger lists

UNESCO’s World Heritage Committee named a site in the Gaza Strip — Saint Hilarion Monastery, or Tell Umm Amer — to both its “World Heritage” and “World Heritage In Danger” …

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Categories Travel

More default notices jolt troubled San Jose residential highrises

by Abhishek soni
More default notices jolt troubled San Jose residential highrises

SAN JOSE — New defaults for delinquent homeowners association dues have engulfed a troubled downtown San Jose housing tower that faces multiple legal entanglements. Litigation and real estate woes have …

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Categories Lifestyle
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