Economy

This Under-the-Radar Region is Having a 'Quiet Wine' Boom. Here's Why

Hungary's Tokaj was designated a wine region nearly 300 years ago, with winemaking dating back nearly 1,000 years.

World heads into food crises 'blind' as U.S. aid cuts squeeze UN food agency, experts warn

Climate shocks, conflict and a global fuel crisis, on top of surging interest rates and donor cuts, leave agencies less able to help those facing higher food prices.

Oil falls on report Asia will import highest volume of crude since start of Iran war

Oil fell Thursday, as traders assess a report that Asia is on track to import its highest volume of crude oil since the start of the US-Iran war.

CNBC Daily Open: A tarmac welcome buys U.S.-China truce a longer runway

The world gets two more months of trade truce between the world's two most powerful economies.

Historic day for global bonds as 10-year Treasury and JGB yields hit highest in decades

Japanese 10-year government bond yield rose to a 30-year high on Thursday, following a surge in Treasury yields.

SoftBank shares jump over 7% after $11.1 billion bond issuance to fund OpenAI bet

SoftBank shares jumped more than 7% after the Japanese tech investor issued $11.1 billion in bonds to help fund its OpenAI investment.

US and China to push trade truce deadline to January, Bessent says

The United States and China are pushing back the expiration of their bilateral trade truce from November to January, according to Treasury Secretary Scott Bessent.

U.S.-China trade truce extended for two months, Bessent says, as Xi begins state visit

The deal, which was set to expire in November, will now be extended to Jan. 10, Bessent said, noting the need for Beijing to fulfill more deliverables.

Thursday's big stock stories: What’s likely to move the market in the next trading session

The major averages sold off on Wednesday as a sharp surge in Treasury yields heightened traders' fears of more interest rate hikes from the Federal Reserve.

Stock futures flat after soaring Treasury yields trigger market sell-off: Live updates

The major averages tumbled in Wednesday's regular trading as a spike in Treasury yields raised the specter of additional rate hikes from the Federal Reserve.

Markets are rapidly coming around to the reality that the Fed has a lot more work to do

History shows that isolated tweaks are rare.

Bonds are getting thumped as yields surge. Here’s what it means for the 60/40 portfolio

For the long-term investor, it doesn't hurt to check duration and credit quality, as well as shop around for inflation protection.