CNBC Daily Open: ‘Crazy’ summer
Traders work on the floor of the New York Stock Exchange during morning trading on Aug. 20, 2024. Michael M. Santiago | Getty Images This report is from today’s CNBC …
Money markets
Eli Lilly, 3M, PayPal, Tesla and more
Check out the companies making headlines in midday trading. Eli Lilly — Shares added 5% after Eli Lilly, maker of the Mounjaro diabetes and weight loss drug, beat analysts’ expectations …
With interest rates expected higher for longer, what to do with cash
Americans holding cash just got some good news from the latest inflation report. With consumer prices rising faster than expected , the odds of a Federal Reserve rate cut happening …
Investors are unlikely to dump cash and lock in yields in bonds, JPMorgan says
Despite all the chatter about cash on the sidelines moving into the market, JPMorgan believes that money, for the most part, is staying put. Cash has flowed into money market …
Canada’s economy stalled again in October but likely up 0.1% in November
Canada’s economy was essentially unchanged for the third consecutive month in October, missing growth forecasts, but gross domestic product likely edged up in November, Statistics Canada data showed on Friday. …
Argentina’s economic measures devalues its currency and cuts subsidies
Argentina’s President Javier Milei addresses the public before lightning the giant Menorah candelabrum, set up for the traditional Jewish Hanukkah (Chanukah) Festival of Lights at a park in Buenos Aires …
ASEAN moves closer to economic unity with new regional payments system
Indonesian President Joko Widodo makes a speech during the Association of Southeast Asian Nations (ASEAN) Foreign Minister’s Meeting in Jakarta, Indonesia on July 14, 2023. Murat Gok | Anadolu Agency …