Month: May 2024
Stock futures rise to kick off shortened trading week: Live updates
India’s Adani Group is reportedly in talks to expand into e-commerce and payments space A sign for the Adani Group on Feb. 9, 2023. A settlement the conglomerate reached with truckers will have only a small impact on the overall Adani empire, but it was a big win for drivers and owners in a state […]
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Top K-pop stocks fall as Hybe sells $50 million stake in SM Entertainment
SEOUL, SOUTH KOREA – 2023/02/20: SM Entertainment Building (Headquarters) in Seoul. Sopa Images | Lightrocket | Getty Images Shares of two of South Korea’s largest K-pop companies fell on Tuesday as industry giant Hybe announced a $50 million sale of its stake in SM Entertainment. Kospi-listed Hybe’s stock slid as much as 2.4%, while SM […]
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How the world got into $315 trillion of debt
Here is a transcript of the video. The world is in debt. To the tune of $315 trillion and counting. $315 trillion is a staggering number to visualize but consider this. In 2024, global gross domestic product — or GDP — amounted to $109.5 trillion dollars — slightly over a third of that global debt […]
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Safaris aren’t the only tourist attraction in Africa. From cruises to wine tasting, here’s what else you can do
Africa is blessed with some of the rarest and most beautiful animals in the world — a fact that entices tourists to book safaris year-round. But safaris only scratch the surface of what the continent has to offer. From wine tours to vibrant coastal cities, other experiences await those who are willing to go […]
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Amazon reportedly in talks with Italy to invest billions of euros in cloud expansion
Amazon’s computing unit AWS is in talks with Italy to invest billions of euros in the expansion of its data center business in the country as part of the tech giant’s effort to boost its cloud offer in Europe, four people familiar with the matter said. Cesc Maymo | Getty Images News | Getty Images […]
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Super Micro Computer shares were choppy after Nvidia earnings. Here’s where analysts see it going
Super Micro Computer emerged as an investor darling early this year, as Wall Street unearthed the stock, driving it higher with gains that rivalled even Nvidia’s. The firm, which makes artificial intelligence systems and graphics processing unit servers, was the hot new AI play. Its fortunes are tied to Nvidia’s, with which it has a […]
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Deepfake scams have robbed companies of millions. Experts warn it could get worse
3D generated face representing artificial intelligence technology Themotioncloud | Istock | Getty Images A growing wave of deepfake scams has looted millions of dollars from companies worldwide, and cybersecurity experts warn it could get worse as criminals exploit generative AI for fraud. A deep fake is a video, sound, or image of a real person that […]
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Weapons are on the way, U.S. lawmakers tell Taiwan during visit
Taiwan President Lai Ching-te claps while he visits a military camp in Taoyuan, Taiwan May 23, 2024. Ann Wang | Reuters Weapons that Taiwan has ordered from the U.S. are coming, a senior U.S. lawmaker said Monday, as a bipartisan House delegation met with the Beijing-claimed island’s new president. Taiwan, a self-ruling democracy that rejects China’s sovereignty claims, has […]
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CNBC Daily Open: Musk’s AI start-up raises $6 billion
Elon Musk attends the 2024 Breakthrough Prize Ceremony at Academy Museum of Motion Pictures on April 13, 2024 in Los Angeles, California. Taylor Hill | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter […]
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Asia markets range bound as ECB officials hint at rate cut, Australia retail sales on deck
The Melbourne skyline is reflected in the Maribyrnong River in the early morning light on April 18, 2023. William West | AFP | Getty Images Asia-Pacific markets were range bound on Tuesday as investors assess comments from the European Central Bank officials signaling that rate cuts may be on the horizon for the world’s largest […]
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