Micron CEO Sanjay Mehrotra speaks before President Joe Biden delivers remarks on the CHIPS and Science Act and his Investing in America agenda, at the Milton J. Rubenstein Museum in Syracuse, New York, April 25, 2024. Andrew Caballero-Reynolds | AFP | Getty Images Micron shares plummeted 16% on Thursday — their worst day since March…
Bags of rice sit stacked high in a supermarket in central Tokyo on November 22, 2024. Richard A. Brooks | Afp | Getty Images An inflation gauge in Japan that is closely watched by the Bank of Japan (BOJ) came in at a seven-month high in November, which could prompt the central bank to raise…
Investors should look to the unloved region of Europe for opportunities, according to fund manager Sean Peche, who said there are some “very attractively priced” companies in the region. Europe has fallen out of favor, Ranmore Fund Management’s Peche told CNBC’s Silvia Amaro — and investors have been distracted by Donald Trump’s U.S. election win. “At…
A television station on the floor of the New York Stock Exchange broadcasts Jerome Powell, chairman of the U.S. Federal Reserve, speaking after a Federal Open Market Committee meeting on Dec. 18, 2024. Michael Nagel | Bloomberg | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open…
MOSCOW, Russia: The Russian central bank has cut its key interest rate by 300 basis points for a third time since its emergency hike in late February, citing cooling inflation and a recovery in the ruble. KIRILL Kudryavtsev | AFP | Getty Images Russia’s central bank on Friday unexpectedly left its key interest rates unchanged…
Close up stack of gold bars. Vector Photo Gallery | Istock | Getty Images The U.S. Federal Reserve jolted markets with an unexpectedly hawkish set of projections for the path of interest rates next year, setting gold prices up for a blow — but analysts told CNBC they still see solid support for the precious…
Prices barely moved in November but still held higher than the Federal Reserve’s target when looked at from a year ago, according to a Commerce Department measure released Friday. The personal consumption expenditures price index, the Fed’s preferred inflation gauge, showed an increase of just 0.1% from October. The measure indicated a 2.4% inflation rate…
every year, at the beginning of November, one of the most impressive natural spectacles in the world takes place in Michoacán, Mexico. Hundreds of millions of migrating monarch butterflies settle in the forested massifs of the country’s Monarch Butterfly Biosphere Reserve, roughly 100 kilometers west of Mexico City. Having flown south for eight months, beginning…
Aytac Unal/ | Anadolu | Getty Images President-elect Donald Trump this week transferred his entire stake of shares in Trump Media to a revocable trust of which he is the sole beneficiary, regulatory filings revealed Thursday evening. Trump did not receive any money for the gift of his 114,750,000 shares of Trump Media stock to…
Esther Gonzalez of Spain kisses the FIFA Women’s World Cup Trophy after the team’s victory in the FIFA Women’s World Cup Australia & New Zealand 2023 Final match between Spain and England at Stadium Australia on August 20, 2023. Alex Pantling – Fifa | Fifa | Getty Images Netflix on Friday announced it has secured…
