Stocks’ choppiness in October can be an opportunity

Stocks’ choppiness in October can be an opportunity

A view from the Alaska Bootanical Park, fall, Halloween and harvest season themed version of the Alaska Botanical Park with special displays, inside the Far North Bicentennial Park, Alaska, United States on September 22, 2024.  Hasan Akbas | Anadolu | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC … Read more

Why oil prices haven’t skyrocketed on Middle East supply fears — yet

Why oil prices haven’t skyrocketed on Middle East supply fears — yet

A general view of Isfahan Refinery, one of the largest refineries in Iran and is considered as the first refinery in the country in terms of diversity of petroleum products in Isfahan, Iran on November 08, 2023. Fatemeh Bahrami | Anadolu | Getty Images Oil prices have jumped more than $5 a barrel since the … Read more

CNBC Daily Open: Nvidia’s ‘drop-the-mic moment’

CNBC Daily Open: Nvidia’s ‘drop-the-mic moment’

Traders work on the floor of the New York Stock Exchange (NYSE) during morning trading in New York on August 23, 2024.  Angela Weiss | AFP | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, … Read more

Middle East tensions pose the biggest threat to rate cuts, European Central Bank policymaker says

Middle East tensions pose the biggest threat to rate cuts, European Central Bank policymaker says

Tensions in the Middle East pose the biggest threat to a prospective interest rate cut from the European Central Bank, according to ECB policymaker Robert Holzmann. “At this stage, I think the biggest threat is geopolitics, because we have seen what’s happened in the Middle East,” Austrian central bank Governor Holzmann told CNBC’s Karen Tso … Read more

IEA downgrades 2024 oil demand growth forecast as prices heat up

IEA downgrades 2024 oil demand growth forecast as prices heat up

The International Energy Agency on Friday downgraded its forecast for 2024 oil demand growth, citing “exceptionally weak” OECD deliveries, a largely complete post-Covid-19 rebound and an expanding electric vehicle fleet. In its latest monthly oil market report, the IEA said it had revised down the forecast by around 100,000 barrels per day (bpd) to 1.2 … Read more