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CNBC news

The world’s largest steel industry is going through a ‘winter’ amid a supply glut and weak demand

by Anas Siddiqui
The world’s largest steel industry is going through a ‘winter’ amid a supply glut and weak demand

China’s steel industry has been struggling as the country’s property sector remains in the doldrums and is unable to absorb excess capacity. “Chinese demand has been a major disappointment for …

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Why did global markets crash on Monday and should we panic?

by Walter Watson
Why did global markets crash on Monday and should we panic?

Any number of suspects could be blamed for Monday’s market beatdown, ranging from worries about the economy and seemingly slow-footed response from the Federal Reserve to the unwind of a …

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Bear market is coming in 2025, warns David Roche, but the Fed will step in before it turns ‘draconian’

by Anas Siddiqui
Bear market is coming in 2025, warns David Roche, but the Fed will step in before it turns ‘draconian’

Veteran investor David Roche expects a bear market in 2025 caused by smaller-than-expected rate cuts, a slowing US economy and an artificial intelligence bubble. “I think [a bear market] is …

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World’s largest luxury group LVMH slumps after second-quarter revenue miss

by Anas Siddiqui
World’s largest luxury group LVMH slumps after second-quarter revenue miss

Shares in the world’s largest luxury group LVMH fell on Wednesday after its second-quarter sales came in below analyst consensus. LVMH shares were last down by 4.5 per cent at …

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X boss Elon Musk softens ‘go f— yourself’ comment as he tries to woo advertisers back

by Anas Siddiqui
X boss Elon Musk softens ‘go f— yourself’ comment as he tries to woo advertisers back

Elon Musk on Wednesday tried to walk back remarks lashing out at advertisers fleeing his X social media platform. At the Cannes Lions advertising festival in Cannes, France, Musk was …

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Loneliness among workers is on the rise globally — here are 5 ways to combat it

by Anas Siddiqui
Loneliness among workers is on the rise globally — here are 5 ways to combat it

Globally, one out of five employees experience loneliness everyday, and younger staff are even more prone to the feeling. According to the Gallup State of the Global Workplace Report released …

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Nvidia passes Microsoft in market cap to become most valuable public company

by Anas Siddiqui
Nvidia passes Microsoft in market cap to become most valuable public company

Nvidia, long known in the niche gaming community for its graphics chips, is now the most valuable public company in the world. Shares of the chipmaker climbed 3.6 per cent …

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Fed holds rates steady, indicates only one cut coming this year

by Anas Siddiqui
Fed holds rates steady, indicates only one cut coming this year

The Federal Reserve kept its key interest rate unchanged overnight Wednesday and signalled that just one cut is expected before the end of the year. With markets hoping for a …

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Rebecca Brady: Meet the mum of three whose homemade snack idea turned into $10m business Top Seedz

by Anas Siddiqui
Rebecca Brady: Meet the mum of three whose homemade snack idea turned into m business Top Seedz

In 2017, Rebecca Brady took her homemade seed crackers to a farmer’s market in Buffalo, New York, just hoping to sell one box. “We sold our first box, and then …

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Global gender gap could take 134 years to close — but 2024 elections offer hope, WEF says

by Anas Siddiqui
Global gender gap could take 134 years to close — but 2024 elections offer hope, WEF says

The 2024 bumper election year presents a unique opportunity to make progress in closing the global gender gap, according to the World Economic Forum. In a new report published Wednesday, …

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