Chancellor of the Exchequer Rachel Reeves speaks on stage during the Labour Party conference on Sept. 29, 2025, in Liverpool, England. Ian Forsyth | Getty ImagesU.K. Finance Minister Rachel Reeves has reiterated her commitment to the government’s self-imposed fiscal rules, but said it must be honest with the public about the challenges the country faces.Speaking to CNBC’s Karen Tso on the sidelines of the IMF’s Annual Meeting in Washington, D.C., on Friday, Reeves cited the Russia-Ukraine conflict, tensions in the Middle East and the impact of global trade barriers as key challenges.”The key thing for me is that as Chancellor,…
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Graphic of the proposed project, after a Kremlin envoy suggested the United States should build a “Putin-Trump” rail tunnel under the Bering Strait to link the two countries, unlock joint exploration of natural resources and “symbolize unity,” in this illustration picture obtained from social media. Kirill Dmitriev/@kadmitriev Via | Kirill Dmitriev Via ReutersAn investment envoy for Russian President Vladimir Putin on Friday entreated Elon Musk and his tunneling business, the Boring Company, to commit to building an undersea rail tunnel through the Bering Strait to be partly funded by Moscow.Kirill Dmitriev, who is head of Russia’s sovereign wealth fund, said…
The future for Freeport-McMoRan looks bright, according to HSBC. The bank upgraded shares of the mining company to buy rating from hold. Analyst Jonathan Brandt also lifted his price target to $50 per share from $43, signaling a 20% gain ahead. Brandt said his rating change and increase in the company’s estimates over the next two years were due to higher metals price assumptions. These higher prices have stemmed from recent market volatility and significant supply disruptions, especially in the case of platinum and copper. Freeport-McMoRan has probable mineral reserves in copper, gold and molybdenum. Copper prices are up 23%…
(PRO Views are exclusive to PRO subscribers, giving them insight on the news of the day direct from a real investing pro. See the full discussion above.) Classic companies more familiar to the previous investing generation that have reinvented themselves could be some of the best plays off the artificial intelligence-driven data center buildout from here. With big runs in names such as Nvidia and AMD over the past few years, stocks further down the line in the data center buildout chain are starting to really take off this year and investor Tim Seymour is a believer. Seymour, chief investment…
WASHINGTON, DC – OCTOBER 16: U.S. Senate Minority Leader Sen. Chuck Schumer (D-NY) (R) and House Minority Leader Rep. Hakeem Jeffries (D-NY) (L) brief members of the press during a news conference on the government shutdown at the U.S. Capitol on October 16, 2025 in Washington, DC. Alex Wong | Getty ImagesCapitol Hill remains locked in a stalemate as the government shutdown trudges into its third week — and Democrats say their lack of trust in President Donald Trump is a major obstacle to negotiations.In past legislative disputes, bipartisan coalitions known as “gangs” have formed to break the logjams. The…
new video loaded: What to Know About Madagascar’s GovernmentAfter weeks of protests calling for him to resign, Madagascar’s president, Andry Rajoelina, seemed to have left the country, and the military said it had taken control. John Eligon, the Johannesburg bureau chief for The New York Times, explains what we know and don’t know.By John Eligon, Christina Thornell, Claire Hogan, Joey Sendaydiego and Nikolay NikolovOctober 17, 2025 Source link
The traditional 60/40 portfolio has been under attack for years, and the recent hot trades in precious metals and cryptocurrencies are leading it to lose a little more of its prominence. Multiple strategists and investors are pivoting toward a 60/20/20 market portfolio: with the 60% in stocks unchanged, but fixed income losing half of its former hold over investor money, and 20% carved out for alternatives like gold and bitcoin.Stocks and bonds are moving in the same direction too often, they say, while inflation, geopolitical risk, and government spending and high debt loads mean bonds no longer offer the protection…
The troubles at two regional banks that helped drive Thursday’s stock market pullback could have been idiosyncratic, but one thing is clear: Just in case, Wall Street is now on alert for systemic credit risk. Stocks fell Thursday, with the Dow Jones Industrial Average closing down by more than 300 points, thanks to worries about the health of regional banks. The SPDR S & P Regional Banking ETF (KRE) dropped by more than 6%. Shares of Zions Bancorporation in Utah and Western Alliance in Arizona, the two banks at the center of the turmoil, slid more than 13% and 10%,…
Americans’ views on the economy turned more negative in the third quarter with deepening concerns about jobs, inflation and the outlook, according to the CNBC All-America Economic Survey.Together with blame for the shutdown aimed at the president and congressional Republicans, those views dragged down President Donald Trump’s net approval rating on the economy to 42% approving and 55% disapproving.The -13 net approval on the economy is the lowest of any CNBC survey during either of Trump’s two terms.The president’s overall approval rating dropped to 44% from 46% while disapproval rose 1 percentage point to 52%. The results continued a second-term…
John Bolton, former US national security adviser, arrives at the US district courthouse in Greenbelt, Maryland, US, on Friday, Oct. 17, 2025. Eric Lee | Bloomberg | Getty ImagesJohn Bolton, President Donald Trump’s former national security advisor, pleaded not guilty Friday to charges of mishandling classified information, multiple news outlets reported.Bolton, 76, made his initial appearance in federal court in Maryland one day after being indicted by a grand jury, becoming the latest Trump foe to face criminal charges.This is breaking news. Please refresh for updates. Source link
