China’s producer prices plunge the most in seven years as deflation hangs over economy
Deflation seen in China’s producer prices are in contrast to the high levels of inflation that global central banks have been fighting to bring down for more than a year.
India predicted to outshine China as Asia remains a bright spot for global growth
In its latest global economic outlook report, the OECD predicted India, China and Indonesia would top gross domestic product projections for 2023 and 2024.
Train review: What it’s like to ride the Venice Simplon-Orient-Express
Paying $2,000 for a hotel room is pricey, but an overnight ride on the historic Venice Simplon-Orient-Express trains costs about as much — per square meter.
UBS strategist: There’s too much risk in Big Tech right now — here’s where to invest instead
Big Tech valuations have been on the up. But UBS’ head of European equity strategy believes there’s another sector offering similar returns with less risk.
Forget Nvidia: Fund manager says buy these two chip giants instead, giving one 30% upside
Portfolio manager Jordan Cvetanovski says one Nvidia-alternative has the edge, expecting it to rise around 30%.
CNBC Daily Open: Beware the real shrinkflation
Economies are shrinking while inflation — and interest rates — remain high.
S&P 500 notches fourth straight positive week, touches highest level since August: Live updates
The S&P 500 closed higher Friday, marking its longest weekly streak in the green since August 2022.
El Niño is here and could bring warmer temperatures, more extreme weather patterns
A climate pattern called El Niño has been expected for months, and NOAA said Thursday it has arrived. It is expected to strengthen into the winter in the U.S.
Biden sends firefighters, aid to Canada as wildfire smoke blankets much of the U.S.
President Joe Biden said the government was aiding Canada in fighting the wildfires that have cloaked the East Coast and Midwest in smoke.
Consumers are keeping the U.S. out of a recession. It’s getting harder
Economic data and corporate guidance paint a confusing picture of the U.S. economy and whether consumers are beginning to strain.
