cnbc news
- Finance
Record result for BlueScope but future murky
While BlueScope Steel (ASX:BSL) has met guidance with a record result for the year to June of $2.81 billion, investors…
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More signs of peak US inflation, Shares and recessions, Eco trackers slowing, OK Aus profit results
Dr Shane Oliver, Head of Investment Strategy & Chief Economist at AMP, discusses developments in investment markets over the past…
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US markets surge, ASX earnings season kicks off in a big way
Stocks rose sharply on Friday, clinching the fourth straight positive week for the S&P 500 as investors celebrated signs…
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Nuclear energy a promising solution for climate change
Fukushima, on the northeast of Japan’s largest island, is vulnerable to earthquakes and tsunamis. From 1971, the area hosted the…
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Monday Market Minutes: Not drowning, waving
Global equity markets rose strongly on Friday while US Treasury bond yields fell as investors continued to bet on interest…
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Earnings Round-Up: Time for a cool change
A big test of the recovery in local investor sentiment and confidence looms in the form of the June half…
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Inflation Cooled in July, Welcome News for White House and Fed
Inflation cooled notably in July as gas prices and airfares fell, a welcome reprieve for consumers and a positive development…
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Fed Governor Bowman sees ‘similarly sized’ rate hikes ahead after three-quarter point moves
Federal Reserve Bank Governor Michelle Bowman gives her first public remarks as a Federal policymaker at an American Bankers Association…
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Carried Interest Is Back in the Headlines. Why It’s Not Going Away.
For years, Democrats and even some Republicans such as former President Donald J. Trump have called for closing the so-called…
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Payrolls increased 528,000 in July, much better than expected in a sign of strength for jobs market
Hiring in July was far better than expected, defying signs that the economic recovery is losing steam, the Bureau of…
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The price of a pint is going through the roof. Here’s why UK beer costs are far outpacing inflation
LONDON — The average cost of a pint of beer in the U.K. has soared by 70% since 2008 —…
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A job market slowdown is expected as the Federal Reserve taps the brakes.
For months, as inflation has risen and the Federal Reserve has acted aggressively to tamp it down, a question has…
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ASX gives up a strong start to close flat on the day
At the closing bell, the S&P/ASX 200 was 0.01 per cent or 1 points lower at 6974.90. The Dow Jones…
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Nickel and dime stuff key to BHPs future
Nickel still retains the affection of BHP (ASX:BHP) which, three years after failing to sell its Nickel West business, now…
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Oil stocks rise despite falling oil price, Investors chase dividends: ASX to open higher
US equities were higher in Wednesday trading, ending just off best levels. US stocks clawed back losses from earlier in…
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Orica goes all geospatial with Axis deal
Chemicals and mining explosives company Orica (ASX:ORI) will pay $A260 million in cash to buy Axis Mining Technology, a specialised…
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Fed’s Bullard sees more interest rate hikes ahead and no U.S. recession
St. Louis Federal Reserve President James Bullard said Wednesday that the central bank will continue raising rates until it sees…
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The confusing job market: Tech and finance brace for the worst, retail is mixed, travel can’t hire fast enough
JetBlue Airways passengers in a crowded terminal on April 7, 2022 in the Fort Lauderdale-Hollywood International Airport in Fort Lauderdale,…
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ASX surges higher in broad-based rally: Aus shares up 0.8% at noon
The Australian opened significantly higher on Friday, extending gains from the previous three sessions, following positive cues from US…
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Discretionary spending the first domino for US retail
One small update on Wednesday from Best Buy told us a lot about the health of US retailing in the…
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Stocks of the Hour: Ioneer, Cobre, Plexure Group
Ioneer (ASX:INR) has signed a 5 year binding Lithium Offtake Agreement with Prime Planet Energy & Solutions. The company is…
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ASX posts fifth straight gain: Aus shares close 0.7% higher
The ASX posted its fifth straight gain on Monday, following a strong finish on Wall Street on Friday night.…
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Mortgage demand drops to a 22-year low as higher interest rates and inflation crush homebuyers
The pain in the mortgage market is only getting worse as higher interest rates and inflation hammer American consumers. Mortgage…
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Oz property decline continues as rate rises bite
The slide in Australia house prices accelerated last month in the wake of more bad publicity than you can poke…
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ASX lower on Taiwanese tension: Aus shares down 0.4% at noon
Asian equities are trading mostly higher Wednesday. Mainland China and Hong Kong opened firmer, joining Japan and South Korea. Taiwan…
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Fed hikes interest rates by 0.75 percentage point for second consecutive time to fight inflation
The Federal Reserve on Wednesday enacted its second consecutive 0.75 percentage point interest rate increase as it seeks to tamp…
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The economy is expected to have barely grown last quarter and it may have contracted
Shipping containers are seen at a terminal inside the Port of Oakland as independent truck driver continue protesting against California’s…
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United Malt scotches guidance again
For the second time this year, United Malt Group (ASX:UMG) has cut guidance, a move revealed yesterday that sent the…
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Laybuy (ASX:LBY) discusses Q1 FY23 results
Laybuy Holdings Limited (ASX:LBY) Co-Founder and Managing Director Gary Rohloff discusses quarterly results, restructuring of the company and outlook. Tim…
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Appen fulfils its own prophecy with weak update
Appen (ASX:APX) shares slumped 30% at one stage on Tuesday after it revealed a stunningly weak trading update for its…
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F.T.C. Chair Upends Antitrust Standards With Meta Lawsuit
WASHINGTON — Early in her tenure as chair of the Federal Trade Commission, Lina Khan declared that she would rein…
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Pelosi Taiwan visit adds new risk to equity markets: Inflation still on the agenda
US equities were lower in fairly choppy Tuesday trading, finishing just off worst levels. Stocks slumped on Tuesday as investors…
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Inflation figure that the Fed follows closely hits highest level since January 1982
An inflation gauge that the Federal Reserve uses as its primary barometer jumped to its highest 12-month gain in more…
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Fed’s Kashkari says officials are ‘a long way’ from backing off inflation fight.
Neel Kashkari, the president of the Federal Reserve Bank of Minneapolis, suggested on Friday that markets had gotten ahead of…
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Home prices cooled at a record pace in June, according to housing data firm
A sign is posted in front of a home for sale on July 14, 2022 in San Francisco, California. The…
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Household debt tops $16 trillion for the first time, fueled by higher inflation and interest rates
A “For Sale” sign outside a house in Albany, California, US, on Tuesday, May 31, 2022. Homebuyers are facing a…
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ASX reverses early weakness: Aus shares close 0.07% higher
The ASX posted its sixth straight gain on Tuesday. Stocks opened weaker following a small pull back in US…
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Fed’s Daly says ‘our work is far from done’ on inflation; Evans sees ‘reasonable’ chance for smaller hike
Mary Daly, President of the Federal Reserve Bank of San Francisco, poses after giving a speech on the U.S. economic…
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What economists say about Canada’s GDP numbers — and a possible recession
Breadcrumb Trail Links News FP Economy ‘It’s hard to get excited by no growth in May and 0.1 per cent…
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Can the CHIPS Act heal the nation’s economic divides?
The CHIPS and Science Act—the sprawling technology package Congress passed last week—has been called many things. What started as the…
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After Enduring a Pandemic, Small Businesses Face New Worries
Operations that arose from the pandemic had advantages: no business practices to upend, or legacy costs like office leases to…
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Melting Profits Threaten the Ice Cream Man
On a steamy evening at Flushing Meadows Corona Park in Queens, Jaime Cabal had a line of customers at his…
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The numbers show the U.S. economy is at least teetering on a recession
Foreman Angel Gonzalez and Anthony Harris, with E-Z Bel Construction, work on pipes along Fredericksburg Road during an excessive heat…
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The ‘renoviction’ debate comes to Toronto, as officials call for stronger rent protections
This section is Presented This section was produced by the editorial department. The client was not given the opportunity to…
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Vass Bednar: The federal government bought a pipeline. Maybe it should buy Shaw?
Breadcrumb Trail Links Telecom FP Economy A purchase of the telecom by the federal government could help to ensure public…
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‘Our credibility is being tested:’ Tiff Macklem says path to soft landing is narrowing
Breadcrumb Trail Links News FP Economy Supersized rate hike aimed to send ‘clear message’ that Bank of Canada will get…
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Jobless claims rise again in another sign that labor market is cooling
A woman walks in front of a store on February 22, 2021, in New York City. John Smith | Corbis…
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Chipotle closes a Maine store, and workers say it’s because of a union drive.
Workers who filed for a union election at a Chipotle in Augusta, Maine, are accusing the company of seeking to…
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Canada’s inflation rate surges to 8.1% in biggest jump in almost 40 years: What you need to know
Breadcrumb Trail Links News FP Economy Kevin Carmichael: Bottom line — a soft landing is getting harder and harder to…
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Filipe Dinis: Collaboration is key to mature the resilience of Canada’s critical infrastructure
Breadcrumb Trail Links News FP Finance FP Economy Organizations of all sizes must ensure Canada is better prepared to withstand…
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