Month: December 2023
These overbought shares could be due for a pullback adhering to sector's significant 7 days
A handful of very well-known stocks were being snatched up this 7 days at ranges that could show a correction forward. The 3 major indexes are poised to conclusion this week, which was mostly centered close to the Federal Reserve’s closing 2023 assembly, with noteworthy gains. Those people moves came as investors cheered indicators from […]
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Cruise is in danger of becoming GM's latest trendy venture that doesn't pay off
DETROIT — General Motors‘ plans to diversify its business through trendy industries such as ridesharing and other “mobility” ventures or startups have largely fallen flat since the automaker started investing in such growth areas in 2016. Cruise, its majority-owned autonomous vehicle subsidiary, is increasingly looking like it might be next. The unit has quickly gone […]
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Citigroup employees, on edge over layoffs, told they can work remotely until the new year
Jane Fraser, CEO of Citigroup, testifies during a Senate Banking Committee hearing at the Hart Senate Office Building on December 06, 2023 in Washington, DC. Win Mcnamee | Getty Images Citigroup told most of its employees that they can work remotely the final two weeks of December, CNBC has learned. Workers can log in remotely […]
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Stocks producing the biggest moves midday: Scholastic, Roku, Costco and far more
Look at out the businesses earning headlines in midday investing. Scholastic — Shares tumbled about 12% immediately after the publisher and distributor of children’s publications described a 4% calendar year-more than-12 months decline in revenue for the fiscal second quarter, citing headwinds in the retail market place. Quanex Making Goods — The window and doorway […]
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How the escalating U.S.-China tech war could hurt American firms
Smartphones. Automobiles. Toasters. Fighter jets. Though vastly various on the outdoors, all 4 objects share a thing identical on the within: semiconductors. “You can find no tech sector with out semiconductors,” explained Stacy Rasgon, senior semiconductor analyst at Bernstein Study. Semiconductors represent a $574 trillion sector globally and are on tempo to cross the trillion-dollar […]
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Pro pickleball players band together as chaos, a merger and pay cuts grip the sport
Major League Pickleball finals at Pickle & Chill on October 16, 2022 in Columbus, Ohio. Emilee Chinn | Getty Images Dozens of professional pickleball players have formed a collective to voice their concerns about recent pay cuts and the future of the sport. In a letter obtained by CNBC, the collective shared their dissatisfaction with […]
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Maersk to pause all container ship visitors by way of the Crimson Sea
The Ebba Maersk container ship, operated by A.P. Moeller-Maersk A/S, leaves Suez port and heads toward the Crimson Sea following passing through the Suez Canal in Suez, Egypt on Saturday, April 6, 2013. Kristian Helgesen | Bloomberg | Getty Photos Danish shipping corporation A.P. Moller-Maersk will pause all container shipments as a result of the […]
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Delta beefs up Austin flights in battle for fast-growing airport
Angel Di Bilio | iStock Editorial | Getty Images Delta Air Lines is adding more flights next year at Austin-Bergstrom International Airport, in a bid to gain market share in one of the country’s fastest-growing airports. The carrier plans to add 11 nonstop flights from Austin in April, giving it almost 50 peak-day flights, the […]
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Fed’s John Williams states the central lender isn't 'truly chatting about level cuts proper now'
New York Federal Reserve President John Williams mentioned Friday rate cuts are not a topic of discussion at the moment for the central lender. “We usually are not truly conversing about amount cuts right now,” he explained on CNBC’s “Squawk Box.” “We are very targeted on the concern in front of us, which as chair […]
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Major central banks diverge on when the first rate cuts will come
European Central Bank (ECB) President Christine Lagarde gestures as she speaks to the media following the Governing Council’s monetary policy meeting at the ECB headquarters in Frankfurt, Germany, December 14, 2023. Kai Pfaffenbach | Reuters The West’s major central banks all kept interest rates unchanged in recent days, but struck very different tones on the […]
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