U.S. crude oil rises as Wall Street rallies, market braces for expected Iran attack against Israel
Oil futures rose on Tuesday as Wall Street sought a turnaround from the prior session’s sell-off.
Kenya central bank cuts main lending rate by 25 basis points
The rate cut comes after two monetary policy meetings at which the Central Bank Rate was left unchanged.
Americans who moved abroad say this big expense isn’t worth it
Alex Ingrim left the U.S. 17 years ago and now helps clients relocating to Europe.
Dow closes nearly 300 points higher to snap three-day losing run in broad relief rally: Live updates
The S&P 500 jumped 1% a day after the broad market index notched its worst session in nearly two years.
SunPower files for bankruptcy, plans to sell off assets — stock drops more than 40%
Embattled solar installer SunPower has filed for Chapter 11 bankruptcy protection.
The yen carry trade unwind: A big complication for global markets
In its simplest form, the yen carry trade has investors borrowing cheap yen to invest in higher yielding assets, often currencies.
Elon Musk slammed by British government after comments on UK riots
The U.K. government hit back at Elon Musk after the billionaire made controversial comments about far-right riots taking place across the country.
China launches its rival to Elon Musk’s Starlink internet satellites
By 2025, China is aiming to deploy 648 satellites of the “Thousand Sails Constellation” to create global internet coverage, according to state media CCTV.
Correction in the dollar-yen was overdue and may be ‘healthy’ for markets, former ECB chief says
“Everybody knew that the yen was not in an appropriate position,” Jean-Claude Trichet told CNBC.
The popular ‘carry trade’ is unwinding — and economists fear Fed rate cuts could make matters worse
The warning comes as market participants seek to aggressively roll back on carry trades following a dramatic global sell-off in risk assets.
