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.
As riots and disorder spread, some countries warn their citizens about traveling to the UK
Five countries have issued travel and safety warnings to their citizens living or visiting the U.K. as riots and street disorder continue to plague the country.
10-year Treasury yield rebounds after hitting its lowest level in more than a year
Treasury yields bounced back on Tuesday as investors closely monitored a reversal of the previous day’s global market sell-off.
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
