Month: August 2024
White House launches broad new regulatory effort, as Harris prepares to unveil economic plan
U.S. President Joe Biden attends a press conference during NATO’s 75th anniversary summit, in Washington, U.S., July 11, 2024. Leah Millis | Reuters The Biden Administration on Monday unveiled a new, multi-agency regulatory initiative to target corporate practices that officials claim are designed to waste consumers’ time and needlessly burden them with red tape, in […]
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India’s Bharti to buy Drahi’s stake in BT, worth $4 billion
The BT Group logo is displayed on a smartphone. Sopa Images | Lightrocket | Getty Images India’s Bharti Enterprises said it would acquire a 24.5% stake in BT, worth about 3.2 billion pounds ($4 billion), buying out the British company’s top investor, telecoms tycoon Patrick Drahi, as his Altice group struggles with high debts. Bharti […]
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European markets open higher as rebound continues; U.S., UK inflation in focus this week
The London skyline. Andrea Pucci | Moment Open | Getty Images LONDON — European stocks kicked off the new trading week higher, with U.S. and U.K. inflation data set to dominate focus this week. The pan-European Stoxx 600 index nudged 0.3% higher at Monday’s open as investors hunt for signs that last week’s market rout […]
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CNBC Daily Open: Wall Street rebounds, investors to monitor earnings and inflation data
Traders work on the floor of the New York Stock Exchange during morning trading on May 31, 2024 in New York City. 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 […]
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Bear market is coming in 2025, warns David Roche, but the Fed will step in before it turns ‘draconian’
Jerome Powell, chairman of the US Federal Reserve, during a Senate Banking, Housing, and Urban Affairs Committee hearing in Washington, DC, US, on Tuesday, July 9, 2024. Tierney L. Cross | Bloomberg | Getty Images Veteran investor David Roche expects a bear market in 2025 caused by smaller-than-expected rate cuts, a slowing U.S. economy and […]
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What are the best galleries in New York? Artists choose their favorites
The opening of Biennial exhibit “Even better than the real thing” at The Whitney Museum of American Art on March 12, 2024, in New York City. Sean Zanni | Patrick Mcmullan | Getty Images New York City’s art museums are among the most popular in the world — the Metropolitan Museum of Art (known as […]
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U.S. and China fight to 40-40 draw for most Olympic gold medals
A detailed view of the Eiffel Tower which features the Olympic Rings during the opening ceremony of the Olympic Games Paris 2024 on July 26, 2024 in Paris, France. Cameron Spencer | Getty Images The U.S. and China each won 40 gold medals in the first Summer Games draw in Olympic history, with the Americans pulling into a […]
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China’s bond market is rattled as central bank squares off with bond bulls
A “Buy Treasury bonds” poster is seen at a bank in Haian, East China’s Jiangsu province, Aug 1, 2024. Cfoto | Future Publishing | Getty Images China’s bond market, the world’s second largest, is on edge following a turbulent week in which the central bank started intervening heavily to stem a plunge in yields even as the economy is struggling. […]
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CNBC Daily Open: Prequels, sequels and pixie dust
Traders work on the floor of the New York Stock Exchange during morning trading on Oct. 4, 2023. 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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Asia-Pacific markets set to open mixed after volatile week; India inflation and industrial data in focus
A money lender counts Indian rupee currency notes at his shop in Ahmedabad, India. Amit Dave | Reuters Asia-Pacific markets were set to open mixed on Monday after a roller-coaster week that saw steep sell-offs followed by a sharp recovery, especially in Japan stocks. Futures for key U.S. indexes were lower as investors awaited key […]
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