The debt ceiling deal is likely to be passed by Congress, and investors can look for a market opportunity in the forms of Treasury bonds. Story Published at: May 29, 2023 at 08:12AM
Traders turn optimistic on debt ceiling deal — and one strategist says it’s a ‘market opportunity’
‘It’s not a bubble yet’: Wharton’s Jeremy Siegel predicts Big Tech boom fueled by A.I.
An AI chip craze, driven by demand for AI-powered chatbots and high-powered graphics processing units has seen investors piling into certain stocks with some raising concerns of a bubble.Story Published at: May 29, 2023 at 07:53AM
Chinese consumers won’t return to pre-Covid spending soon — a problem for Starbucks, Morgan Stanley says
Consumer brands such as Starbucks face a Chinese market recovering slowly from the pandemic and filled with local competitors, Morgan Stanley analysts said.Story Published at: May 29, 2023 at 06:15AM
Turkey’s lira sinks to near record low as Erdogan is reelected
Turkey’s monetary policy places an emphasis on the pursuit of growth and export competition rather than taming inflation.Story Published at: May 29, 2023 at 04:31AM
Major central banks were expected to pause rate hikes soon. Now it’s not so clear cut
Stronger-than-expected U.S. jobs figures and GDP data have highlighted a key risk to the Federal Reserve potentially taking its foot off the monetary brake.Story Published at: May 29, 2023 at 03:38AM
How one family turned a job loss into an opportunity to sail the world
For Lisa Terauchi-D’Rozario and her family, change was abrupt. Within a year of her husband losing his job, her family was sailing the Mediterranean full time.Story Published at: May 26, 2023 at 12:30AM
‘I’m not sure history has ever seen this before’: Top CEOs on what they expect next from the economy
Top CEOs at the CNBC CEO Council Summit say if recession is ahead, infrastructure and Inflation Reduction Act spending will make it a unique one.Story Published at: May 25, 2023 at 05:59PM
Turkey’s President Erdogan seals election victory to enter third decade in power
Analysts saw the 69-year-old Erdogan’s victory as all but in the bag after the first vote on May 14.Story Published at: May 28, 2023 at 06:52PM
White House and Republicans reach a tentative deal to avoid U.S. default
House Republicans have reached a tentative deal with the White House to address the nation’s debt ceiling and avoid a default on U.S. sovereign debt.Story Published at: May 28, 2023 at 01:56AM
Microsoft is sprinkling OpenAI everywhere to try and keep software makers interested in its platforms
This week Microsoft gave developers a slew of new tools to take advantage of artificial intelligence, thanks to a broad alliance with startup OpenAI.Story Published at: May 25, 2023 at 09:29PM