Steve Forbes says the Fed’s not going to cut rates soon
Steve Forbes doesn’t expect the Federal Reserve to raise rates in upcoming meetings, but the Forbes Media chairman doesn’t see cuts in the near term either. “I think the Federal …
Economic events
More drivers want cars under $50,000. How to find a cheap new vehicle
Used car sales are soaring all over the U.S., and companies from Autonation to CarMax, Carvana and Buffalo, New York-based used car start-up ACV Auctions are benefitting. Patrick T. Fallon …
Germany predicted to be the only major European economy to contract
A metalworker grinding a peace of metal is pictured in a forge in Klitten, Germany. Manufacturing activity has struggled this year. Florian Gaertner | Photothek | Getty Images Germany is …
Biden backs World Bank for expanded role on global stage to counter China
During the G20 leaders’ summit, U.S. President Joe Biden called on G20 leaders to support the World Bank and other multilateral development banks to increase their ability to support low …
India’s massive expansion to be a driver of global growth: S&P Global
Rowing boats on the holy river Ganges in India. Frank Bienewald | Lightrocket | Getty Images SINGAPORE — India’s stellar economic trajectory alongside strong forecasts for some Southeast Asian countries …
China’s property market is going in 2 directions, says ex-PBOC advisor
China’s real estate sector is going in “two directions,” and even though further stimulus is expected, a recovery will not likely happen soon, according to a former advisor to the …
Asia’s ultra-rich population posts largest decline in the world: Altrata
Sunrise over Hong Kong’s Sky 100 Observation Deck. Anuchit Kamsongmueang | Moment | Getty Images Asia’s ultra-high-net-worth population declined by about 10.9% last year, marking the largest regional drop in …
India’s policy contradictions make it harder for investors to crack market
An undated editorial illustration of Indian rupee cash bills and a stock market indicator board. Javier Ghersi | Moment | Getty Images When India abruptly announced import restrictions on personal …
Input prices are going up
A McDonald’s restaurant near Times Square, NYC on July 29th, 2023. Adam Jeffery | CNBC This report is from today’s CNBC Daily Open, our new, international markets newsletter. CNBC Daily …