World

Oil jumps as market waits for Israel attack on Iran

U.S. crude oil jumped more than 3% on Monday, as the market waited for Israel to strike Iran. Oil prices spiked last week on fears that Israel could hit Iran’s oil industry in retaliation for Tehran’s ballistic missile attack. U.S. benchmark West Texas Intermediate surged 9.09% last week for the biggest weekly gain since March 2023. Global benchmark Brent jumped …

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Generator maker Generac soars, insurance stocks fall on Hurricane Milton

A worker unloads a 24-kilowatt Generac home generator off a truck at Captain Electric on February 18, 2021 in Orem, Utah.  George Frey | Getty Images Shares of backup power generation company Generac Holdings surged more than 7% on Monday as Hurricane Milton rapidly strengthened into a Category 5 storm. Milton is forecast to move north of the Yucatan Peninsula …

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‘Joker: Folie a Deux’ box office: $40 million domestic debut

Joaquin Phoenix stars as Arthur Fleck in “Joker: Folie a Deux.” Warner Bros. Audiences got the last laugh at the box office this weekend. “Joker: Folie a Deux” stumbled to just $40 million in domestic ticket sales during its opening weekend, a far cry from the $96.2 million its predecessor brought in during its debut in 2019. Just last month, …

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No case for more jumbo rate cuts by the Fed, strategists say

A television broadcasts the Federal Reserve’s interest rate cut on the floor of the New York Stock Exchange on Sept. 18, 2024. Michael Nagle | Bloomberg | Getty Images There is no case for more 50-basis-point rate cuts by the Federal Reserve, veteran market strategists told CNBC, saying the latest U.S. jobs data implies the central bank might have acted …

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Sweden’s immigration stance has changed radically over the last decade

Stockholm, Sweden ranked as the No. 2 most sustainable destination in the world for 2024, according to Tripadvisor. Laurie Noble | Stone | Getty Images Sweden is often viewed as a a liberal utopia in Europe and beyond, with the country of 10.5 million people known for its stable economy, high quality of life and open and progressive society. That …

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China stocks poised to reopen with markets fixated on fiscal stimulus

Shoppers on Nanjing East Road in Shanghai, China, on Wednesday, Oct. 2, 2024.  Qilai Shen | Bloomberg | Getty Images Chinese investors are looking for more policy direction from China’s top economic planning body on Tuesday, when mainland markets return from a week-long holiday.   A panel of senior officials from the National Development and Reform Commission, including chairman Zheng Shanjie, …

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September’s jobs report changes the calculus

More than 75 employers were taking resumes and talking to prospective new hires at a career fair in Lake Forest, CA on Wednesday, February 21, 2024.  Paul Bersebach | Medianews Group | 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, …

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