Dow closes 400 points lower Wednesday as hot consumer inflation report incites selloff: Live updates
Stocks tanked after March inflation data came in hotter than expected, likely pushing off interest rate cuts investors have been expecting.
China needs a narrative that house prices are going to rise, Nomura’s Koo says
China needs to convince people that home prices are on their way up in order for growth to pick up, said Richard Koo, chief economist at Nomura.
Can China’s Comac break up the Airbus-Boeing duopoly?
The Comac C919 plane is a symbol of China’s plans to advance its technological self-reliance, as part of its “Made in China” strategy. But will it be a viable alternative to the Airbus A320 and Boeing 737?
Asia markets mostly fall as Japan corporate inflation climbs; New Zealand holds rates
Japan expects to see corporate inflation increase at a faster pace of 0.8% in March, while the RBNZ is expected to hold its rates at 5.5%.
What ‘vibecession’? Some 80% of people in Singapore say they’re bullish about the economy
Although the global economy is doing well, more than half of adults worldwide feel financially stressed, according to data by SurveyMonkey and CNBC.
Want passive income? Here are 3 dividend stocks to buy, fund managers say
One of the stocks is “a cash generation story that’s underappreciated,” according to the investors.
These global stocks are the most overbought — and could be due for a pullback
CNBC Pro screened the S&P 500 and the Vanguard FTSE All-World ex-US ETF for the most overbought names, using a 14-day relative strength index of higher than 70.
Hamas says Israeli proposal fails to meet Palestinian demands, but is under review
Hamas said on Tuesday that an Israeli proposal on a ceasefire in their war in Gaza did not meet the demands of Palestinian militant factions, but it would study the offer further and deliver its response to mediators.
Defense Secretary Lloyd Austin rejects accusations Israel has committed genocide in Gaza
Many countries, including the U.S., have been critical of the way the Israel Defense Forces are conducting military operations in the Gaza Strip.
A crucial report Wednesday is expected to show little progress against inflation
The March consumer price index is expected to register increases of 0.3% both for the all-items measure as well as core.
