The upcoming CPI data is predicted to keep the Federal Reserve from making any interest rate hikes. If everything goes according to expectations, bond yields will continue to decrease, fueling the end-of-year equity rally theory. Bank of America’s latest forecast suggests that most investors anticipate the 2024 investment playbook to revolve around a Federal Reserve …
EDITORS NOTE: Graphic content / TOPSHOT – A plume of smoke rises above buildings in Gaza City on October 7, 2023 during an Israeli air strike. At least 70 people were reported killed in Israel, while Gaza authorities released a death toll of 198 in the bloodiest escalation in the wider conflict since May 2021, …
Liquefied natural gas (LNG) storage units. Dan Kitwood | Getty Images News | Getty Images Southeast Asian countries are anticipated to emerge as major contributors to the LNG market by 2030, according to industry experts. The global trade in liquefied natural gas documented a record surge in 2022, primarily driven by soaring demand from Europe, …
In the vicinity of Itinga, Minas Gerais state, Brazil, a bulldozer is in motion, relocating lithium ore at the Sigma Lithium Xuxa mine. Bloomberg | Bloomberg | Getty Images As demand for lithium increases, the world is projected to face a potential shortage by the year 2025. However, conflicting forecasts suggest that this deficit might …
Consumer price hikes in Minneapolis accelerated on an annual basis for the first time in over a year, according to data released by the Bureau of Labor Statistics. The Consumer Price Index rose by 3.2% for the year through July, compared to a 3% increase in June. Although the annual increase fell short of economists’ …
A farmer in Nakhon Sawan province, north of Bangkok, is seen planting rice sprouts on her rice field. Image: Sopa Images | Lightrocket | Getty Images Thailand, the second-largest exporter of rice globally, is promoting a reduction in rice planting to conserve water. This move could further disrupt rice markets following India’s export ban. Due …
People walk past the New York Stock Exchange (NYSE) on July 12, 2023 in New York City. Spencer Platt | Getty Images News | Getty Images This report is from today’s CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter …
Farmers in Russia’s Stavropol Krai can be seen using harvesting vehicles to collect grain in a visually captivating image captured on July 16, 2023. This region, known for its agricultural significance, has become the center of attention as Russia’s withdrawal from the Black Sea Grain Initiative raises concerns about global food security. The announcement of …
Under a new law in the European Union, companies selling everyday products such as leather shoes, coffee, and chocolate will soon be required to prove that their goods are not contributing to deforestation. This law comes into effect on Thursday and gives companies 18 months to prepare for compliance. Specifically, companies will need to provide …
Diamond rings and bracelets on display in a show window in Antwerp, Belgium. (Photo by Yuriko Nakao/Getty Images) Yuriko Nakao | Getty Images News | Getty Images “Diamonds are a girl’s best friend,” as the old song goes. However, they are not currently favored by investors as the value of these precious gems has significantly …