Month: August 2024
Obama says ‘America is ready for a new chapter’ with Harris, Walz
Former President Barack Obama on Tuesday night told the Democratic National Convention that “America is ready for a new chapter” and “we are ready for President Kamala Harris.” “And Kamala Harris is ready for the job,” said Obama, who preceded the vice president’s Republican opponent, former President Donald Trump, in the White House. Obama, who […]
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JD.com leads losses in Hong Kong, falling 10% after Walmart confirms stake sale
Signage at JD.com’s warehouse in Shanghai, China, on Mar. 9, 2022. The U.S. Securities and Exchange Commission on Wednesday added over 80 firms to its list of entities facing possible expulsion from American exchanges, which include China’s JD.com, Pinduoduo, Bilibili, and NetEase. Qilai Shen | Bloomberg | Getty Images Shares of Chinese e-commerce giant JD.com […]
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Arizona, Montana put abortion rights constitutional measures on November ballots
Members of Arizona for Abortion Access, the ballot initiative to enshrine abortion rights in the Arizona State Constitution, hold a press conference and protest condemning Arizona House Republicans and the 1864 abortion ban during a recess from a legislative session at the Arizona House of Representatives on April 17, 2024 in Phoenix, Arizona. Rebecca Noble […]
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‘The World’ is a luxury ship that travels the world full time — here’s how much an apartment on it costs
A floating apartment. A residential yacht. A holiday home that travels the globe. The World, a luxury liner, has many descriptions, but “cruise ship” is not one of them, said resident Jim Minarik. “The only thing that’s similar between the world and a cruise ship is they float on the water,” he said. “If our […]
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Blinken wraps up Mideast trip with Gaza deal still elusive
U.S. Secretary of State Antony Blinken speaks to the press, in Doha, Qatar, August 20, 2024. Kevin Mohatt | Reuters U.S. Secretary of State Antony Blinken sought during a whirlwind trip to the Middle East to inject urgency into efforts to broker a Gaza ceasefire deal, but departed the region on Tuesday with an agreement between Israel and Hamas still elusive. Blinken and mediators from […]
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CNBC Daily Open: ‘Crazy’ summer
Traders work on the floor of the New York Stock Exchange during morning trading on Aug. 20, 2024. Michael M. Santiago | 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 where they are. […]
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Kamala Harris has raised nearly $500 million in the past month
Democratic presidential candidate and U.S. Vice President Kamala Harris applauds as U.S. President Joe Biden speaks during Day one of the Democratic National Convention (DNC) in Chicago, Illinois, U.S., August 19, 2024. Mike Segar | Reuters Vice President Kamala Harris has raised nearly $500 million for her White House bid in the month since President […]
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Asia-Pacific markets set for lower open as Wall Street rally falters, Japan trade data on deck
A flag of Japan flies near cargo containers at Tokyo’s Odaiba Waterfront on August 6, 2020. BEHROUZ MEHRI | Contributor | Getty Images Asia-Pacific markets are set to open lower on Wednesday, tracking Wall Street as both the S&P500 and Nasdaq Composite snapped an eight day winning streak. The S&P 500 slid 0.2%, while the Nasdaq Composite shed 0.33%. […]
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Investors are doubling down on stocks — and there are 3 key reasons why
Investors are doubling down on stocks, shaking off fears of an economic slowdown in the U.S. which caused a sell-off earlier this month. Global stock markets fell sharply in early August after a rise in unemployment sparked fears that U.S. economic growth could slow more than expected. It led a number of investment banks to […]
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Shares of this insurer are set to soar 100% as interest rates fall, Jefferies says
Shares of British insurer and asset manager Prudential could double over the next 12 months, according to analysts at Jefferies — which expect it to be a surprise beneficiary of interest rate cuts. In research published on Aug. 18, the U.S. investment bank gave the stock a target price of £13 ($16.90) — giving it […]
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