Diminishing perspective of downtown London skyscrapers Chunyip Wong | E+ | Getty Images LONDON — European stocks opened broadly higher on Tuesday, as investors reacted to the European Union’s landmark trade deal with India and braced for a flurry of corporate earnings. Twenty minutes into the trading session, the pan-European Stoxx 600 was 0.3% higher,…
The sudden collapse last fall of a string of American companies backed by private credit has thrust a fast-growing and opaque corner of Wall Street lending into the spotlight. Private credit, also known as direct lending, is a catch-all term for lending done by nonbank institutions. The practice has been around for decades but surged…
As fresh talk of a U.S.-Europe trade war intensified on Tuesday, IMF Managing Director Kristalina Georgieva issued a stark warning to European leaders: “Get your act together.” U.S. President Donald Trump announced on Saturday that eight European allies would face increasing tariffs, starting at 10% on Feb. 1 and rising to 25% on June 1, if…
People celebrate the New Year at a ceremony at the Juyongguan Great Wall section, also known as Juyong Pass, in Beijing, China, January 1, 2026. Maxim Shemetov | Reuters Asia-Pacific markets are set to open lower Monday, as investors assessed threats from the Trump administration toward Greenland over the weekend and looked toward key economic…
World Economic Forum security badges Leonie Kidd | CNBC Davos Season I have been going to the World Economic Forum since 2009, when I was a young news assistant on “Squawk Box Europe” and had no idea what I was getting into. Back then, and still now, it is CNBC International’s biggest outside broadcast of…
Restaurants and pubs on James Street in London, UK, on Friday, Dec. 13, 2024. Bloomberg | Bloomberg | Getty Images The U.K. economy grew by a more-than-expected 0.3% in November, data from the Office for National Statistics (ONS) showed Thursday. Economists polled by Reuters had expected a very modest growth figure of 0.1%. The ONS…
Mortgage rates fell sharply on Friday, a day after President Donald Trump said on social media that he is instructing mortgage giants Fannie Mae and Freddie Mac to buy $200 billion in mortgage bonds. “This will drive Mortgage Rates DOWN, monthly payments DOWN, and make the cost of owning a home more affordable,” he said…
People celebrate the New Year at the Bank of China building in Central in Hong Kong, China, January 1, 2026. Lam Yik | Reuters South Korea’s Kospi hit a new record Friday as Asia-Pacific markets kicked off the new year trading mixed. The Kospi was up 0.65%, and hit a record high. Heavyweight Samsung Electronics…
Mortgage rates are lower, home prices are easing, and there is more supply on the market for sale. All of that adds up to improved affordability for today’s homebuyers. Saving for a down payment, however, is still the biggest hurdle for first-time buyers. Prices nationally are basically flat compared with where they were a year…
U.S. shoppers are willing to spend this holiday season — despite falling consumer confidence and anxiety over prices — but only if the deals are there, Tanger CEO Stephen Yalof told CNBC on Tuesday. “Retailers are discounting to meet the consumer, and the consumer is responding by shopping,” Yalof said on CNBC’s “Money Movers.” Yalof said…
