LONDON — Stocks are heading for a bumper week, but there are many reasons to be wary, one strategist warned on Friday. “In short, we don’t believe this rally,” Salman Ahmed, global head of macro and strategic asset allocation at Fidelity International, told CNBC’s “Squawk Box Europe.” “We had a tough later part of summer, there … Read more
DUBAI (Reuters) – Iran’s Foreign Minister Hossein Amirabdollahian warned on Wednesday of “harsh consequences” if attacks continue on the Gaza Strip, the latest in a series of warnings from the country, which backs Hamas in Gaza and militias elsewhere in the region. “If an immediate ceasefire doesn’t take place in Gaza Strip and the rapid … Read more
Comment on this storyCommentAdd to your saved storiesSave NEW DELHI — Apple has warned at least 20 prominent Indians, including opposition politicians and journalists, that they were the target of state-sponsored cyberattacks in a development that revived allegations that the government is using electronic surveillance against its domestic political rivals and critics. Members of Parliament … Read more
World Trade Organization Director-General Ngozi Okonjo-Iweala opens the 2021 WTO Public Forum with a round table on Covid and trade, in Geneva, on September 28, 2021. (Photo by Fabrice COFFRINI / AFP) (Photo by FABRICE COFFRINI/AFP via Getty Images) Fabrice Coffrini | Afp | Getty Images The World Trade Organization’s director-general warned that the ongoing … Read more
An intensifying bond rout is piling pressure on the global economy and creating a “tremendously dangerous” outlook for equities, the chief investment officer of Livermore Partners hedge fund said Friday. A new era of higher interest rates has caused bond yields to surge, hampering returns for investors and flipping on its head the status quo … Read more
RAFAH, Gaza Strip — The U.N. warned on Wednesday that without more fuel it will soon sharply curtail relief operations in the Gaza Strip, which has been blockaded and devastated by Israeli airstrikes since Hamas militants launched an attack on Israel more than two weeks ago. The warning came as hospitals in Gaza struggled to … Read more
Federal Reserve Chair Jerome Powell signaled the central bank could hold rates steady at its next policy meeting, but he also warned that inflation was still too high and that more interest rate increases are still possible if the economy stays surprisingly hot. “Additional evidence of persistently above-trend growth, or that tightness in the labor … Read more
Tesla CEO Elon Musk issued a warning Wednesday about the soon-to-be delivered Cybertruck that might sound familiar to those who closely followed the company’s Model 3 “production hell” era. The gist? Scaling production of a vehicle like the Cybertruck is hard and it’s going to take awhile before it’s profitable. Musk estimated that it will … Read more
Comment on this storyComment JERUSALEM — Israel’s siege of Gaza and call for an evacuation of more than 1.1 million civilians ahead of an expected ground invasion could amount to the forcible transfer of civilians — a breach of international law — the U.N. human rights office said Tuesday. The pronouncement came as President Biden … Read more
President Biden warned that a new Israeli occupation of Gaza would a “big mistake,” saying in an interview with CBS that while Hamas needs to be eliminated, it doesn’t represent all Palestinian people. The remarks on “60 Minutes” — made ahead of a potential trip to Israel this week, a person familiar with the discussions … Read more