House Democrats proposed a repeal of Roth conversions for the wealthy. But the provision wouldn’t take effect for a decade.
Stocks making the biggest moves in the premarket: Procter & Gamble, Johnson & Johnson, Travelers and more
The stocks making the biggest moves in premarket trading include Procter & Gamble, Johnson & Johnson, Travelers and more.
Market bull Jim Paulsen downplays inflation fears, sees rising prices contributing to an economic boom
The Leuthold Group’s Jim Paulsen explains why inflation around 3% should juice up the markets and economy.
CNBC’s Sustainable Future Forum Europe: Providing Energy
CNBC took a look at the energy transition, from the role incumbent energy providers will play, to the new start-ups that are looking to change the business model one green-step at a time.
HSBC and 18 other banks can now sell wealth investment products in the Greater Bay Area
The Cross-boundary Wealth Management Connect Scheme is an initiative to link the capital markets of the Greater Bay Area, including Hong Kong and the Guangdong.
Evergrande deal to sell stake in property services unit said to be put on hold
Reuters report, citing sources with knowledge of the matter
A few weeks back, Evergrande were involved in a deal to sell a 51% stake in its property services unit to Hopson Development Holdings as part of a restructuring plan to avoid a potential default in the firm.
A few weeks back, Evergrande were involved in a deal to sell a 51% stake in its property services unit to Hopson Development Holdings as part of a restructuring plan to avoid a potential default in the firm.
ECB’s Vasle: There are early signs that wage pressures could become material
Remarks by ECB policymaker, Boštjan Vasle
It looks like someone didn’t quite get the message on the whole transitory inflation narrative. But as long as majority – if not most – policymakers continue to play it down, don’t expect the market to take much cues from the remarks above.
It looks like someone didn’t quite get the message on the whole transitory inflation narrative. But as long as majority – if not most – policymakers continue to play it down, don’t expect the market to take much cues from the remarks above.
US futures keep higher ahead of North American trading
Risk stays in a better spot to start the week
Dip buyers stepped in yesterday to secure a modest advance after some sluggish tones and the more optimistic mood is continuing so far today with S&P 500 futures less than 1% away from its all-time highs currently.
Dip buyers stepped in yesterday to secure a modest advance after some sluggish tones and the more optimistic mood is continuing so far today with S&P 500 futures less than 1% away from its all-time highs currently.
Dollar slumps further in European trading
Dollar falls to the lows for the day
USD/JPY is sitting slightly lower around 114.00-10 as it has throughout the session but the rest of the major currencies bloc have pulled higher against the two currencies.
USD/JPY is sitting slightly lower around 114.00-10 as it has throughout the session but the rest of the major currencies bloc have pulled higher against the two currencies.
ECB’s Rehn: Core inflation clearly the important parameter for monetary policy
Further remarks by Rehn
The headline is a fair point but even core CPI has jumped up to close to 2% in the latest . Sure, some of the factors driving the surge may be perceived to be temporary but again, what exactly is the definition of transitory here?
The headline is a fair point but even core CPI has jumped up to close to 2% in the latest . Sure, some of the factors driving the surge may be perceived to be temporary but again, what exactly is the definition of transitory here?