Month: July 2024
Stocks making the biggest moves midday: Delta Air Lines, SoundHound AI, WD-40, Tesla and more
Check out the companies making headlines in midday trading: Delta Air Lines — The stock fell almost 5% after the airline issued a sales growth forecast for the third quarter that came in below expectations. The company also reported an almost 30% decrease in net income for the second quarter compared to a year ago. […]
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High inflation is largely not Biden’s or Trump’s fault, economists say
Key Points The consumer price index moderated again in June 2024, the Bureau of Labor Statistics said Thursday. The CPI annual inflation rate has declined to 3% from a 9.1% pandemic-era peak in 2022. Neither President Joe Biden nor former President Donald Trump shoulder much of the blame for high inflation, economists said. Source
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CNBC’s Inside India newsletter: Modi in Moscow. What’s new?
Russia’s President Vladimir Putin and Indian Prime Minister Narendra Modi take a walk during an informal meeting at the Novo-Ogaryovo state residence, outside Moscow, on July 8, 2024. (Photo by Gavriil GRIGOROV / Sputnik POOL / AFP) (Photo by GAVRIIL GRIGOROV/POOL/AFP via Getty Images) Gavriil Grigorov | Afp | Getty Images This report is from […]
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Millionaires are leaving Hong Kong, but its artwork scene is booming
The subsequent is a transcript of the online video. Narration: House to a host of monetary institutions, Hong Kong is one of the world’s wealthiest metropolitan areas. Nevertheless, above the past 10 years, the selection of millionaires in this article has fallen by 4%. Inspite of this, 1 sector in this ‘special administrative region’ is […]
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S&P 500 falls from record as investors rotate out of 2024 tech winners: Live updates
Traders work on the floor of the New York Stock Exchange (NYSE) on July 11, 2024 in New York City. Spencer Platt | Getty Images The S&P 500 retreated from a record as investors rotated out of the big technology winners of the year like Nvidia, Microsoft and Meta. The catalyst for the move was […]
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The NFL is open to private equity team ownership of up to 10%, Commissioner Roger Goodell says
Roger Goodell, Commissioner of the NFL, after the morning-session at the Allen & Company Sun Valley Conference on July 10, 2024 in Sun Valley, Idaho. Kevork Djansezian | Getty Images The National Football League is considering allowing minority private equity ownership for its 32 teams of up to 10%, Commissioner Roger Goodell said in an […]
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These 3 stocks are set to bounce once the Fed finally lowers interest rates
Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Thursday’s key moments. The S & P 500 and Nasdaq on Thursday retreated from their record highs, set in the previous session, after a cooler-than-expected inflation report sent investors out of Big Tech […]
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Banks in Synapse mess make progress toward releasing deposits of stranded fintech customers
Oscar Wong | Moment | Getty Images There may be relief for the thousands of Americans whose savings have been locked in frozen fintech accounts for the past two months. Banks involved in the mess caused by the collapse of fintech intermediary Synapse have made progress piecing together account information for stranded customers that could […]
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Investors grow concerned AI isn’t being adopted fast enough to justify the hype, says Goldman Sachs
The stock market’s red-hot mania for artificial intelligence is increasingly detached from reality as adoption of the burgeoning technology appears slower than expected, according to Goldman Sachs. “Our conversations with investors have been defined by skepticism about latter stages of AI adoption,” Ryan Hammond of Goldman’s portfolio strategy research team said in a recent note […]
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Biden set to face reporters as calls for him to step aside accelerate
US President Joe Biden walks to the White House in Washington, DC, on July 7, 2024, after attending campaign events in Pennsylvania. Chris Kleponis | Afp | Getty Images President Joe Biden is set to face reporters at a potentially make-or-break solo press conference on Thursday, a day after the first Democratic senator joined growing […]
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