A trader works on the floor of the New York Stock Exchange (NYSE) in New York, August 29, 2022. Brendan McDermid | Reuters After a tumultuous year for the financial markets, Standard charter outlined a number of potential surprises for 2023 that he says are “undervalued” by the market. Eric Robertson, the bank’s chief research …
London CNN Business — The world’s largest economic relationship has fallen on hard times. The European Union and the United States – together responsible for a third of global trade – have clashed in recent weeks over US President Joe Biden’s landmark $370 billion climate plan. The Inflation Reduction Act (IRA), which was passed by …
My top 10 things to watch Tuesday, December 6, 2022 1. US stock futures point to a mixed open after Monday’s strong selloff. December tends to be seasonal, especially at the end of the month when Wall Street historically looks for Santa’s rally. In a commentary, we looked at which Club stocks were the best …
The last great defender of rules-based open commerce — the European Union — is about to fall. It happens in slow motion and the impact will be painful. If the world’s largest trading bloc abandons the concept of free trade, the entire global economy will suffer. But such an outcome looks increasingly likely, as the …
Europe First: Brussels is preparing to give up its ideals of free trade Read More »
The telephone of nothing (1). Nothing UK-based consumer tech company Nothing is looking to the US, with ambitions to take Apples iPhone. The startup, the hardware company of Carl Pei – co-founder of Chinese mobile phone maker OnePlus – is in talks with US carriers about launching a new smartphone in the US, Pei told …
Dutch Prime Minister Mark Rutte speaks with US President Joe Biden. The United States pressured the Netherlands to block exports of high-tech semiconductor equipment to China. The Netherlands is home to ASML, one of the most important companies in the global semiconductor supply chain. Suzanne Walsh | AFP | Getty Images Washington has its sights …
Aerial view of containers stacked at Qinzhou Port on August 15, 2022 in Qinzhou, China’s Guangxi Zhuang Autonomous Region. China News Service | Getty Images U.S. logistics officials are bracing for delays in the delivery of goods from China in early January due to canceled container ship departures and export transfers by ocean carriers. Carriers …
Factory orders from China down 40% in relentless slump in demand Read More »
10,000 Hours | Digital Vision | Getty Images A recent wave of tech layoffs could have American workers wondering if their job is next on the chopping block. So far, there’s little evidence that the thousands of cuts to big tech companies — Meta, Amazon and Twitter, to name a few — are bleeding into …
Tech layoffs may not bode ill for the U.S. economy as a whole Read More »
President Joe Biden has signed a bill making a railroad strike illegal, preventing workers from leaving work weeks before the holiday season. “The bill I’m about to sign ends a difficult rail dispute and helps our country avoid what, no doubt, would have been an economic disaster at a very bad time in the calendar,” …
Biden signs bill averting railroad strike despite lack of paid sick leave Read More »
A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber ? You can register here. You can listen to an audio version of the newsletter by clicking on the same link. New York CNN Business — The global economy is weakening and consumers are feeling financially stressed. Gas …
Why the stock market is channeling Goldilocks | CNN Business Read More »
