Pedestrians walk towards the Chhatrapati Shivaji Terminus train station at dusk in Mumbai, India, on Wednesday, Oct. 4, 2023. Bloomberg | Bloomberg | Getty Images The International Monetary Fund has raised its growth forecast for India, saying the country’s growth will remain strong in 2023 and 2024 — but analysts warn there will be headwinds … Read more
Jerome Powell, chairman of the US Federal Reserve, during a roundtable event in York, Pennsylvania, US, on Monday, Oct. 2, 2023. Ryan Collerd | Bloomberg | Getty Images This report is from today’s CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, … Read more
Lights illuminate the processing plant at the Persian Gulf Star Co. (PGSPC) gas condensate refinery in Bandar Abbas, Iran, on Wednesday, Jan. 9. 2019. Bloomberg | Bloomberg | Getty Images Oil prices jumped 4% as the Israel-Hamas conflict extended into its third day following a surprise attack on Israel by Palestinian militants Hamas. Global benchmark … Read more
A Now Hiring sign hangs at a Tire Kingdom store on December 03, 2021 in Miami, Florida. Joe Raedle | Getty Images This report is from today’s CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like … Read more
Kristalina Georgieva, Managing Director of the International Monetary Fund (IMF), speaks to the media following talks at the Chancellery on November 29, 2022 in Berlin, Germany. Carsten Koall | Getty Images News | Getty Images Structural reforms in Germany are needed given the current global economic headwinds, International Monetary Fund Managing Director Kristalina Georgieva told … Read more
A Tesla dealership in Colma, California, U.S., on Wednesday, Jan. 26, 2022. David Paul Morris | Bloomberg | Getty Images Tesla cut the price of some Model 3 and Model Y versions in the U.S. after the company reported third-quarter deliveries that missed market expectations. The starting price for the Model 3 is listed at … Read more
U.S. Treasury yields rose Friday, with the 10-year nearing a 16-year high after the latest jobs data came in stronger than economists anticipated. The yield on the 10-year Treasury was up by 13 basis points at 4.851%. It had hit a fresh 16-year high earlier in the week, rising as high as 4.884%. The yield … Read more
Another day, another round of Tesla price cuts. Shortly after introducing a RWD variant of the Model Y, which after federal EV tax credit is the cheapest variant of that car we’ve seen in the U.S., Tesla has reduced the prices of its other Model 3 and Model Y variants. The Tesla Model 3 now … Read more
By Urvi Manoj Dugar (Reuters) -Elon Musk-led Tesla cut prices of its Model 3 and Model Y vehicles in the U.S. by about 2.7% to 4.2%, the electric vehicle (EV) maker’s website showed on Thursday, about a month after it slashed prices for its premium Model S and Model X cars. Tesla has been cutting … Read more
Long-duration Treasury yields rose again on Thursday as investors awaited a key jobs report to gauge the path of monetary policy. The yield on the 10-year Treasury slipped 2 basis points to 4.712%. It had risen as high as 4.884% on Wednesday, hitting a 16-year high. The yield on the 30-year Treasury was marginally down … Read more