CEO of Norway’s wealth fund issues warning over hot commodity markets

Nicolai Tangen, chief executive officer of Norges Bank Investment Management, during a news conference in Oslo, Norway, on Tuesday, Jan. 30, 2024. Bloomberg | Bloomberg | Getty Images The chief executive of the world’s largest wealth fund says there are many wild cards in financial markets right now, but the “big worry” for investors is … Read more

Market veteran Howard Marks says Fed is ‘not going back’ to ultra-low rates

The Federal Reserve will not bring interest rates back down to their post-financial crisis lows, according to veteran investor Howard Marks — and he believes that’s a good thing. “The U.S. economy is doing quite well, and so it’s not clear that it requires stimulus,” Marks told CNBC’s Frank Holland on Tuesday. The current federal … Read more

Would the Fed really hike rates? This is what would have to happen

Though it was unthinkable just a short time ago, the question of what it would take the Federal Reserve to raise interest rates further is gaining increasing attention. The answer isn’t very complicated: In short, it would take not only a significant bump in prices but also a change in consumer and business expectations. Even … Read more

Big change in global growth is bullish for commodities: VanEck CEO

Investors should consider commodities due to a “big change” involving international expansion, according to VanEck CEO Jan van Eck. “The world economy started growing again,” van Eck told CNBC’s “ETF Edge” this week. He singles out China, the world’s second-largest economy behind the U.S., as a key driver in the expansion. “China which has been … Read more

Japan’s March inflation slows to 2.6%, eyes on Bank of Japan move

Japan’s core inflation slowed in March due to mild rises in food prices while staying comfortably above the central bank’s 2% target, government data showed on April 19, 2024. Bloomberg | Bloomberg | Getty Images Japan’s core inflation slowed in March due to mild rises in food prices while staying comfortably above the central bank’s … Read more

Frustrated farmers are rebelling against EU rules. The far right is stoking the flames – The Denver Post

By RAF CASERT (Associated Press) ANDEREN, Netherlands — Inside the barn on the flat fields of the northern Netherlands, Jos Ubels cradles a newborn Blonde d’Aquitaine calf, the latest addition to his herd of over 300 dairy cattle. Little could be more idyllic. Little, says Ubels, could be more under threat. As Europe seeks to … Read more

European Central Bank should cut rates in June, ECB policymaker says

Francois Villeroy de Galhau, governor of the Bank of France, during a panel session on the opening day of the World Economic Forum (WEF) in Davos, Switzerland, on Tuesday, Jan. 16, 2024. The annual Davos gathering of political leaders, top executives and celebrities runs from January 15 to 19. Bloomberg | Bloomberg | Getty Images … Read more

Wall Street pushes out rate-cut expectations, sees risk of no action until 2025

Federal Reserve Chair Jerome Powell speaks during a House Financial Services Committee hearing on the “Federal Reserve’s Semi-Annual Monetary Policy Report” on Capitol Hill in Washington, U.S., March 6, 2024.  Bonnie Cash | Reuters If there was any doubt before, Federal Reserve Chair Jerome Powell has pretty much cemented the likelihood that there won’t be … Read more

Airline execs predict record summer, even more demand for first class

Travelers at LaGuardia Airport in New York on June 30, 2022. Leslie Josephs | CNBC While the aviation industry has been in the spotlight lately for a host of safety issues, airline executives say there is no sign of slowing demand for flights. United Airlines “as an airline and as an industry” will carry record … Read more

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

Robert Holzmann, governor of Austria’s central bank, speaks during an event in Vienna, Austria, on Tuesday, Sept. 26, 2023. Bloomberg | Bloomberg | Getty Images 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 … Read more