Biggest concern is the market sell-off becoming a ‘self-fulfilling prophecy,’ research firm warns
The global stock market sell-off of recent days could be a “self-fulfilling prophecy” and eventually lead to a recession, Morningstar DBRS analysts warned.
European stocks nudge higher after Monday’s market rout
European stocks were higher Tuesday, with global markets looking to shake off Monday’s volatility.
CNBC Daily Open: Dow sheds 1,000 points, Japan stocks rebound
S&P 500 posts worst day since 2022 in global market sell-off. Google loses antitrust case. Japan stocks rebound
Oil giant Saudi Aramco’s second-quarter profit dips 3% on lower crude production volumes
Saudi Aramco reported $29.1 billion in net profit for the second quarter, a dip of 3% from the same period last year as production volumes remained low.
India’s ultra-wealthy club is booming — here’s where the country’s rich are investing
India is expected to see the fastest growth in ultra high net worth individuals globally over the next few years, a Knight Frank report forecasts.
UNESCO uses emergency procedure to name Gaza site to both its ‘World Heritage’ and ‘In Danger’ lists
The decision to inscribe the Saint Hilarion Monastery/Tell Umm Amer to both lists reflects the site’s inherent value and need for protection, UNESCO said.
CNBC Daily Open: Dow sheds 1,000 points
S&P 500 posts worst day since 2022 in global market sell-off. Google loses antitrust case. Bitcoin tumbles
Japan’s Nikkei sees best day since October 2008; logs record single-day jump in points
The rebound follows a sharp sell-off in the U.S. with the Dow and the S&P 500 notching their worst sessions since September 2022.
Moving out of cash? These are the top-performing fixed income funds so far this year
Get out of cash — that’s what many on Wall Street have been saying since expectations of rate cuts started rising earlier this year.
‘Hot money is saying sayonara’: Japan fund manager names outperforming sector to buy amid sell-off
The ETFs and stocks named by the fund manager have significantly outperformed.
