President Volodymyr Zelensky on Thursday implored representatives from roughly 50 nations to maintain their military support for Ukraine’s nearly three-year-long war with Russia, saying it would “be crazy to drop the ball now.”“It’s clear that the new chapter starts for Europe and the entire world just 11 days from now, at a time when we have to cooperate even more, rely on one another even more and achieve even greater results together,” Mr. Zelensky said, referring to the inauguration of U.S. President-elect Donald J. Trump on Jan 20. Mr. Trump has publicly expressed doubt about continuing to assist Ukraine once…
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Traders work on the floor of the New York Stock Exchange (NYSE) on the first day of trading of the new year on January 02, 2025 in New York City. Spencer Platt | Getty ImagesU.S. stock futures fell on Friday morning as investors anxiously await the release of new economic data on Friday.S&P 500 futures shed about 0.28%, and Nasdaq 100 futures fell 0.32%. Futures tied to the Dow Jones Industrial Average dropped 79 points, or 0.18%.The moves come as Wall Street is gearing up for December’s nonfarm payrolls reading, which is scheduled to come out at 8:30 a.m. ET on…
Firefighters rushed to contain the Los Angeles wildfiresOfficials hoped that a drop in wind speeds yesterday would give firefighters a window to take control of the fast-moving blazes that have raged unchecked this week. At least five people have been killed, but that figure is expected to rise. Almost 180,000 people were under evacuation orders. Entire neighborhoods have been destroyed, along with landmarks, making the landscape unrecognizable. Follow our live coverage and our maps of fires.The Santa Ana winds, dangerous gusts that have spread the flames, were expected to intensify overnight and through the weekend, and possibly continue into next…
Firefighters work as a brush fire burns in Pacific Palisades, California on Jan. 7, 2025.David Swanson | AFP | Getty ImagesMassive wildfires are devastating the Los Angeles area of Southern California. As of Thursday morning, at least five people were killed, more than 100,000 residents have been ordered to evacuate, and nearly 2,000 homes and businesses were destroyed.Many people around the country, and world, want to help, by donating money or emergency supplies. However, there are already fundraising scams trying to capitalize on the crisis.To make sure your funds get into the right hands, third-party evaluator Charity Navigator compiled a…
Three days of wildfires. Source link
SHENZHEN, CHINA – NOVEMBER 16: A boy sits outside a branch of the Bank of China while using a smartphone on November 16, 2024 in Shenzhen, Guangdong Province, China. Cheng Xin | Getty Images News | Getty ImagesChinese commercial banks have a huge problem.With consumers and businesses gloomy about the prospects of the world’s second-largest economy, loan growth has stalled. Beijing’s stimulus push has so far not been able to spur consumer credit demand, and is yet to spark any meaningful rebound in the faltering economy.So what do banks do with their cash? Buy government bonds.Chinese sovereign bonds have seen a…
A screen displays the Kospi index and the exchange rate between the South Korean won and US dollar inside a trading room at Hana Bank in Seoul, South Korea, on Monday, Dec. 16, 2024. SeongJoon Cho | Bloomberg | Getty ImagesThis 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, no matter where they are. Like what you see? You can subscribe here.What you need to know todayAll eyes on U.S. jobs reportThe U.S. nonfarm payrolls report for December will be released later Friday. Economists expect…
The stock market may have a wide range of reactions to Friday’s December jobs report, depending on the exact number, according to Goldman Sachs. The pace of jobs added to the U.S. economy is widely expected to have slowed last month. Nonfarm payrolls may have increased by 155,000 in December, down from 227,000 in November, according to economists polled by Dow Jones. While job growth beyond 155,000 new positions would signal a resilient labor market and sturdy economy, the stock market may not like an upside surprise because of the likely upward pressure it would exert on Treasury yields, according…
He stepped off a gray jumbo jet to the excited but subdued applause of a few airport employees in neon vests. At least one fellow passenger giddily approached him for a selfie.Nearly three months after fleeing Mozambique, saying he feared for his life, opposition leader Venâncio Mondlane made a grand return on Thursday to try to claim what he insists is rightfully his: the presidency.Mozambique is scheduled to inaugurate a new president from the long-governing Frelimo party on Wednesday. Daniel Chapo of Frelimo won with 65 percent of the vote in the October election, according to the nation’s highest court.…
There may be some questions about the strength of the U.K. economy right now, but Barclays continues to see investment opportunities in the country, naming small- and mid-cap stocks it is betting on right now. The benchmark FTSE 100 index logged returns of 5.7% in 2024, significantly below its U.S. counterparts, with the S & P 500 ending the year up 23.3%. Here are three of the U.K. stocks Barclays is overweight on this year: WHSmith Barclays says it’s betting on books, stationery and gifts retailer WHSmith thanks to a “steady recovery” in sales after the pandemic. That’s “increasing our…
