European stocks fall as Bank of England boost fades; Stoxx 600 down 1.6%

Euro zone economic sentiment continues to deteriorate The European Commission’s economic sentiment indicator, which aggregates business and consumer confidence surveys, fell to 93.7 in September from 97.3 in August, its lowest point since November 2020. Confidence plummeted across economic sectors amid a broad increase in inflation expectations, despite the European Central Bank‘s commitment to interest … Read more

Stocks fall, Chinese yuan crosses 7.2 against the dollar

US 10-year Treasury yield breaches 4% for the first time since 2010 CNBC Pro: Credit Suisse says now’s the time to buy two green hydrogen stocks — and gives one over 200% upside Credit Suisse says it’s time to enter the green hydrogen sector, with a number of catalysts set to drive the clean energy … Read more

Mental well-being and alcohol moderation will drive the next phase of growth in functional beverages, predicts Recess CEO

Recess​​ launched in 2018 with CBD-infused beverages​,​ and says it remains “the clear leader in the CBD beverage category​” with distribution in CBD-friendly states across the country. However, founder and CEO Ben Witte has been clear from the start that he is “building a brand, not marketing an ingredient,​“and says the CBD-free Recess Mood line … Read more

European markets open to close, earnings, data and news

The Bank of England is right to hold off on rate hikes as the pound slumps, investment director says The UK’s central bank shouldn’t rush to increase interest rates, according to Julian Howard, Lead Investment Director of Multi Asset Solutions at GAM Investments, despite the slumping pound. “I don’t think it’s the Bank of England’s … Read more

China’s new electric cars cost more to insure than fuel-powered cars

In China, new energy vehicles typically receive green license plates – which is often easier for residents to apply for versus the blue license plate of a traditional fuel-powered car. Vcg | Visual China Group | Getty Images BEIJING — While Chinese companies churn out new electric cars, local insurance firms think they’re more expensive … Read more

Perils and promises of quantum computing are approaching

The stark warning came from one of the tech world’s most prominent CEOs. Sitting before an audience at the World Economic Forum in Davos, Switzerland, three years ago, Alphabet CEO Sundar Pichai said quantum computing has the power to transform humanity’s understanding of the natural world, enabling scientists to create new drugs and better batteries, … Read more

Analysts name top ‘high conviction’ stocks for playing market turbulence

Wall Street analysts are doubling down on a bunch of stocks they see as well positioned to weather the macro uncertainty. CNBC Pro combed through top Wall Street research to find analysts’ top “high conviction” ideas. These companies have strong growth prospects and top-notch management, analysts said. The stocks include: CrowdStrike, Atlassian, Medifast, Thermo Fisher … Read more

Britain’s lurch to Reaganomics gets thumbs down from markets

Truss has now put the country on an economic road completely at odds with most, if not all, major global economies. Hannah McKay | Reuters LONDON — New UK Prime Minister Liz Truss may have talked big on “trickle-down economics” during her campaign trail this summer, but no-one could have predicted the swathes of tax … Read more

Credit markets see less risk of recession, earnings may challenge that

US high-yield corporate debt markets may be underpricing for the risk of a recession even as Treasuries and macroeconomic indicators reflect rising growth fears, but that may be tested soon with corporate earnings projected to worsen. Leveraged loans and high-yield corporate bond prices have fallen from record highs reached earlier this year as rates increase … Read more

Tech stocks worst two-week stretch since the start of the pandemic

Pedestrians pass by the New York Stock Exchange. Michael Nagle | Bloomberg | Getty Images What started off as a third-quarter rebound has turned into a flop for tech investors. The Nasdaq tumbled 5.1% this week after losing 5.5% the previous week. That marks the worst two-week stretch for the tech-heavy index since it plunged … Read more