Dow diverges from tech stocks
The Dow hits a fresh record high, splitting from the Nasdaq and S&P 500 which both plunge into the red on weakness in chip production. CNBC hears from former Dallas Fed President Robert Kaplan who say...
27 Elo 202425min
Wall Street buoyed as Powell tells Jackson Hole “the time has come” for rate cuts
Rate easing optimism pushes Wall Street to its second week in the green as Fed Chair Jerome Powell sets the scene for a September cut, with traders still pondering the possibility of a potential 50 ba...
26 Elo 202424min
Harris officially accepts Democratic presidential nomination
In the U.S. Kamala Harris officially accepts the Democratic presidential nomination at the DNC in Chicago. She took aim at ‘unserious’ Republican rival Donald Trump during her historical address. U.S....
23 Elo 202428min
FOMC minutes, jobless data revisions push Fed rate cut hopes
Dovish FOMC minutes and a shock revision to the jobless numbers reinforce expectations that the Federal Reserve will slash rates next month. The S&P 500 bounces back to record its highest level in 5 w...
22 Elo 202426min
U.S. equities recovery stalls
The S&P 500 and Nasdaq both break an eight-day winning streak with the recent recovery stalling ahead of Fed Chair Jerome Powell’s widely anticipated speech at the Jackson Hole Symposium later this we...
21 Elo 202425min
DNC opens in Chicago
The Democratic National Convention opens in Chicago with an emotional President Joe Biden speaking of leadership and legacy and urging support for the party’s presidential nominee, Kamala Harris. The ...
20 Elo 202426min
U.S. equities riding high
Wall Street enjoys its best week since winter 2023 and European equities also notch their best week in 3 months. Goldman Sachs pares back its odd of a U.S. recession to just 20 per cent after a run of...
19 Elo 202425min
S&P 500 buoyed by U.S. consumer and employment numbers
The S&P 500 manages to claw back all its losses this month thanks to positive U.S. consumer and jobless data which calms investors about the health of the country’s economy. Japan’s Nikkei follows sui...
16 Elo 202424min
