Month: August 2024
Home prices hit record high in June on S&P Case-Shiller Index
Even as mortgage interest rates were rising, home prices reached the highest level ever on the S&P CoreLogic Case-Shiller U.S. National Home Price Index. On a three-month running average ended in June, prices nationally were 5.4% higher than they were in June 2023, according to data released Tuesday. Despite being a record high for the […]
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Healthy Returns: What to know about the latest round of Pfizer, Moderna Covid vaccines
Moderna Covid-19 Vaccine mRNA 2024-2025 formula. Courtesy: Moderna A version of this article first appeared in CNBC’s Healthy Returns newsletter, which brings the latest health-care news straight to your inbox. Subscribe here to receive future editions. It’s that time of the year again. A new round of Covid shots is on its way to Americans. […]
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Xpeng releases mass-market EV with basic driver-assist for less than $20,000
Chinese electric car company Xpeng displays its mass-market Mona M03 coupe inside a headquarters’ showroom in Guangzhou, China, on Aug. 26, 2024. CNBC | Evelyn Cheng BEIJING — Chinese electric car company Xpeng on Tuesday announced that its mass-market brand Mona will start selling some models for less than $17,000. The basic version of the […]
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Hindenburg Research discloses short position in server maker Super Micro
The logos of Super Micro Computer are pictured at one of the world’s largest computer and technology trade shows. Ann Wang | Reuters Short seller Hindenburg Research said on Tuesday it had a short position in server maker Super Micro Computer, citing evidence of “accounting manipulation”. The company’s shares fell about 5% in early trading. […]
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NFL expected to vote in favor of private equity ownership; select firms to commit $12 billion
Jacob Kupferman | Getty Images The NFL’s most exclusive club is about to let in new members. At a special league meeting in Eagan, Minnesota, on Tuesday, the National Football League’s 32 owners are expected to vote in favor of allowing select private equity firms to buy up to a 10% stake of a team. […]
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UK PM Starmer warns of ‘painful’ October budget to tackle shortfall in public finances
Prime Minister Sir Keir Starmer during his speech and press conference in the Rose Garden at 10 Downing Street on August 27, 2024 in London, England. Wpa Pool | Getty Images News | Getty Images LONDON — U.K. Prime Minister Keir Starmer on Tuesday told the nation that the upcoming October budget would be “painful,” […]
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Mark Zuckerberg says White House ‘pressured’ Meta to ‘censor’ Covid-19 content
Mark Zuckerberg, CEO of Meta, testifies during the Senate Judiciary Committee hearing titled “Big Tech and the Online Child Sexual Exploitation Crisis,” in Dirksen building on Wednesday, January 31, 2024. Tom Williams | CQ-Roll Call, Inc. | Getty Images The Biden administration “pressured” Facebook parent Meta to “censor” content related to Covid-19, the social media […]
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Russia rains heavy missile, drone attack on Ukraine, a day after strike on key energy infrastructure
Ukrainian soldiers prepare a vehicle adapted to fire helicopter shells on Aug. 19, 2024. Anadolu | Anadolu | Getty Images Waves of Russian drones and missiles assailed Ukraine on Tuesday and killed at least five people, Ukrainian authorities said, in the second day of Moscow’s bolstered aerial attacks against its war-torn neighbor. Ukraine’s Air Force […]
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Nvidia has become world’s ‘most important stock,’ adding pressure to upcoming earnings report
Nvidia CEO Jensen Huang makes a speech at an event at COMPUTEX forum in Taipei, Taiwan June 4, 2024. Ann Wang | Reuters For Nvidia investors, the past two years have been a joyride. But recently they’ve been on more of a roller coaster. As the primary beneficiary of the artificial intelligence boom, Nvidia has […]
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Canada to slap 100% import tariffs on Chinese electric vehicles over ‘unfair’ competition
Canada’s Prime Minister Justin Trudeau speaks during a press conference following a cabinet shuffle, at Rideau Hall, in Ottawa, Ontario, Canada, July 26, 2023. Blair Gable | Reuters Canada said on Monday it would impose 100% import tariffs on China-made electric vehicles, following in the footsteps of the U.S. and the European Union in slapping […]
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