It turns out that bad news for the economy may actually be bad news for the stock market
Investors find themselves Thursday with a series of bad economic data points a day after the Fed voted to keep its short-term rate at the highest in two decades.
Europe markets close 1.3% lower after U.S. data, Bank of England cut; banks tumble 4.5%
European markets closed lower on Thursday as investors processed a raft of central bank action and fresh U.S. economic data.
Watch CNBC’s full interview with the Bank of England’s Andrew Bailey
Bank of England Governor Andrew Bailey speaks to CNBC’s Steve Sedgwick after the central bank’s rate decision.
Glencore’s ex-head of oil charged with bribery offences by Britain’s Serious Fraud Office
Alex Beard is one of five ex-Glencore employees charged with conspiracy to make corrupt payments.
10-year Treasury yield falls below 4% for the first time since February
Treasury yields were steady as investors digested comments from Federal Reserve Chair Jerome Powell, who suggested a September rate cut was on the table.
Prisoner swap underway between the U.S., Russia and other countries, senior official says
The two U.S. prisoners in Russia with the highest profile are Wall Street Journal reporter Evan Gershkovich and former U.S. Marine Paul Whelan. It has not been confirmed that they are part of the trade.
EU approves Hewlett Packard Enterprise’s $14 billion Juniper deal
The EU Commission unconditionally approved the $14 billion takeover of networking gear maker Juniper Networks by Hewlett Packard Enterprise.
Moderna stock falls 20% as it slashes guidance on low EU sales, tough U.S. vaccine market
Moderna now expects 2024 product revenue to come in between $3 billion and $3.5 billion, down from a previous guidance of $4 billion.
Israeli military says it killed Hamas armed wing leader Mohammed Deif in Gaza airstrike last month
Israel’s military on Thursday said it killed the chief of Hamas’ military wing, Mohammed Deif, in an airstrike in July.
Bank of England cuts interest rates for first time in over four years
The central bank’s decision was viewed by markets as being on a knife-edge despite inflation reaching target.
