Volkswagen employees are taking part in an information and protest event organized by IG Metall in front of the VW plant in Zwickau. Picture Alliance | Picture Alliance | Getty Images Volkswagen shares jumped on Friday after it announced plans to slash a further 50,000 jobs as part of a historic transformation plan amid intensifying…
Nvidia has become one of the world’s largest strategic tech backers as the value of its equity investments soared more than tenfold in the past year to $99 billion, with the chip giant increasingly looking to leverage its huge capital reserves to bolster the AI sector. The company has ramped up dealmaking for financing rounds…
Investors should expect the sell-off of global government bonds to continue, renowned economist Mohamed El-Erian told CNBC on Friday. “I don’t see any appetite in the U.S. for immediate fiscal consolidation. So I suspect we will continue to see upward pressures on yields,” he told CNBC’s Carolin Roth at the Ambrosetti Forum in Cernobbio, Italy….
A sharp sell-off in global government bonds is exposing investor anxiety that the macroeconomic backdrop may be shifting toward persistently higher inflation, as governments struggle to rein in spending and sovereign debt. Pressure on yields is not just a factor of this year’s rise in government borrowing and higher energy prices. Investors highlight a pivot…
Traders work in the S&P options pit at the Cboe Global Markets exchange in Chicago, Illinois, US, on Thursday, Nov. 13, 2025. Christopher Dilts | Bloomberg | Getty Images So much for the September seasonal doldrums. Options traders are kicking off the historically worst month for stocks by piling on bullish bets on a handful…
Gold bars lie in a safe on a table at the precious metal dealer Pro Aurum. Sven Hoppe | Picture Alliance | Getty Images The Dutch central bank (DNB) has transferred approximately 86 tons of gold out of the U.S. and Canada to the U.K., seeking to shore up its contingency planning in view of…
A Mediterranean Shipping Company (MSC) container ship sails off the southeastern Mediterranean coast of France in Marseille on April 7, 2026. (Photo by Thibaud MORITZ / AFP via Getty Images) Thibaud Moritz | Afp | Getty Images A months-long crisis in the Strait of Hormuz has turned an overlooked corner of the market into one…
Jim Cramer agrees with UBS: The rally in Johnson & Johnson shares to new highs still has room to run. In a note to clients Wednesday, analysts at UBS raised their price target on the healthcare giant to $320 per share from $280. Their bullish view is based on three factors: (1) Top-line growth inflecting from…
The Bank of Canada has held interest rates, amid the prospect of weaker growth and higher inflation, thanks to the retaliatory tariff blitz that followed the collapse of U.S. trade negotiations. The central bank decided to hold its key rate at 2.25% at its September meeting, it announced Wednesday, despite citing elevated energy prices resulting…
More than 17 million barrels of oil transited the Strait of Hormuz by ship on Monday, a record since the Iran war began in late February, U.S. Energy Secretary Chris Wright told CNBC in an interview Wednesday. Oil exports from the region on Monday were higher than pre-war levels when Saudi Arabia’s and the United…
