Month: May 2024
Stocks making the biggest moves premarket: GameStop, Nvidia, Airbnb, Viking and more
Check out the companies making headlines before the bell. GameStop — Shares surged nearly 27% following the company’s announcement Friday that it had made around $933.4 million from a stock sale. The company sold 45 million common shares. Nvidia — The chipmaker jumped 3% premarket, continuing its post-earnings rally after its quarterly earnings report Wednesday. Shares […]
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More than 100 business leaders including Wikipedia’s Jimmy Wales sign open letter backing Britain’s center-left opposition
Labour’s Shadow Chancellor of the Exchequer Rachel Reeves gives a speech on the British economy ahead of the Bank of England monetary policy release on May 07, 2024 in London, England. Dan Kitwood | Getty Images News | Getty Images LONDON — More than 100 business leaders on Tuesday voiced their support for the U.K.’s […]
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‘This can no longer be justified’: International outcry over Rafah attack piles more pressure on Israel
EDITORS NOTE: Graphic content / Palestinians gather at the site of an Israeli strike on a camp area housing internally displaced people in Rafah on May 27, 2024, amid ongoing battles between Israel and the Palestinian Hamas militant group. Eyad Baba | Afp | Getty Images Global leaders expressed shock and outrage over an Israeli […]
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OpenAI creates oversight team with Sam Altman on board, begins training new model
OpenAI CEO Sam Altman speaks during the Microsoft Build conference at Microsoft headquarters in Redmond, Washington, on May 21, 2024. Jason Redmond | AFP | Getty Images OpenAI on Tuesday said it created a Safety and Security Committee led by senior executives, after disbanding its previous oversight board in mid-May. The new committee will be […]
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Trump trial closing arguments to begin in New York hush money case
Former President Donald Trump looks on before the start of trial at the Manhattan Criminal Court during trial in New York City May 20, 2024. Mark Peterson | Via Reuters Closing arguments in the criminal hush money trial of Donald Trump are set to begin in New York on Tuesday, with jurors on track to […]
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South Africa prepares for pivotal election that could see ANC lose its grip on power
President of the ruling African National Congress (ANC) and South African President, Cyril Ramaphosa at a rally on May 25, 2024 in Johannesburg, South Africa. Chris Mcgrath | Getty Images News | Getty Images Some 30 years on from the peaceful transition from apartheid rule to democracy, South Africa could once again be on the […]
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GameStop shares rise 25% in premarket trading after $933 million stock sale
A trader works as a screen displays the trading information for GameStop on the floor at the New York Stock Exchange on May 15, 2024. Brendan McDermid | Reuters GameStop shares rose 25% in premarket trading on Tuesday after the company on Friday announced that it had made around $933 million from a stock sale. […]
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Fed’s Kashkari wants to see ‘many more months’ of positive inflation data before a rate cut
LONDON — The Federal Reserve should wait for significant progress on inflation before cutting interest rates, Minneapolis Federal Reserve President Neel Kashkari told CNBC Tuesday. Asked what conditions were needed for the Fed to cut rates once or twice this year, Kashkari said: “Many more months of positive inflation data, I think, to give me confidence […]
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European markets slightly lower in mixed early trade
European markets turned slightly lower in mixed morning trade following a quiet previous session. Source
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Ukraine war live updates: Russian-occupied territory comes under attack; Hungary accused of blocking Ukraine support
Netherlands pledges Patriot parts, proposes international effort to build system for Ukraine The Netherlands proposed to contribute core parts from its existing stocks, in a bid to assemble a Patriot air defense system in collaboration with other countries and deliver it to Ukraine, the Dutch government said in a Tuesday statement. “We are engaged in […]
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