Global bond rout gathers pace as inflation fears mount
Borrowing costs continue to extend multi-decade highs as nerves over inflation, higher rates and high debt remain at the fore.
Oil major BP completes search for chair after boardroom upheaval
BP on Wednesday formally appointed Ian Tyler as chair after a surprise dismissal of former chairman Albert Manifold sparked boardroom turmoil.
Honda tells suppliers to cut costs in $9 billion push to fend off China: Reuters
Japan’s Honda aims to cut more than $9 billion in costs over the next four years and has instructed suppliers to drastically reduce their prices.
Scaramucci says he had ‘Potomac fever’ in the White House — and Bessent and Lutnick have it too
“You think you’re smarter than the people that live in Washington, but Washington changes you, you don’t change Washington,” Anthony Scaramucci told CNBC.
China’s Xi keeps Iranian president at arm’s length weeks ahead of Trump summit
China’s Xi gave Iran’s Pezeshkian a brief, low-profile audience at the SCO summit, as Beijing seeks to avoid appearing close to Tehran ahead of a high-stakes summit with Trump.
CNBC Daily Open: Markets trapped in Iran doom loop
A flare-up in attacks between the U.S. and Iran sends global equities into the red, oil sharply higher and bond yields back to pre-intervention highs.
Goldman adds three new names to its favorite stocks list — including a standout 77% upside call
Goldman added an energy stock, a Dutch payment processing company and a German insurance name to its latest European stock picks list.
Stock futures are little changed after Wall Street posts third straight losing day: Live updates
The three major indexes posted their third down day on Tuesday.
Japanese green tea giant Ito En surges 8%, defying a broad market sell-off
Ito En shares surged, bucking a broader sell-off in Japanese stocks following its fiscal first-quarter results.
Australia posts second-quarter growth of 2.1%, beating expectations
The GDP print will allow the Reserve Bank of Australia room to go ahead with its policy tightening as it seeks to curb inflation.
