Month: August 2024
Stock futures fall after Wednesday’s afternoon market slide: Live updates
Stock market futures were little changed on Thursday morning as Wall Street sought to stabilize following several dramatic swings in recent days. Futures tied to the Dow Jones Industrial Average fell 17 points, or about 0.05%. S&P 500 futures slipped 0.12%, while Nasdaq 100 futures gained 0.1%. The move in futures comes after stocks were […]
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Banks face tough new security standards in the EU — their tech suppliers are under scrutiny, too
Traffic_analyzer | Digitalvision Vectors | Getty Images Financial services companies and their digital technology suppliers are under intense pressure to achieve compliance with strict new rules from the EU that require them to boost their cyber resilience. By the start of next year, financial services firms and their technology suppliers will have to make sure […]
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Apple could charge up to $20 for some Apple Intelligence AI features, analysts say
Jaque Silva | SOPA Images | Lightrocket | Getty Images Apple could charge its users up to $20 for its advanced artificial intelligence features, analysts told CNBC, as the company looks to boost the growth of its lucrative services business. The Cupertino giant plans to rollout Apple Intelligence, its forthcoming AI system, across some of […]
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Hong Kong is still weak, says luxury hotel operator HongKong and Shanghai Hotels
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Squawk Box Asia Clement Kwok, CEO of The HongKong and Shanghai Hotels, which operates the luxury Peninsula hotels explains the company’s second quarter loss. 02:57 15 minutes ago Source
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Prosecutors say Romanian businessman hired Hunter Biden to seek U.S. policy influence
Hunter Biden, son of President Joe Biden, makes a statement to the press outside the U.S. Capitol about testifying publicly to the House Oversight and Accountability Committee on Wednesday, Dec. 13, 2023. Kevin Dietsch | Getty Images News | Getty Images Prosecutors in the U.S. criminal tax case against Hunter Biden accused him of accepting payments from a Romanian businessman who […]
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India’s Nifty 50 is outperforming the S&P 500 so far this year
The National Stock Exchange of India has a total market capitalization of over $5. Javier Ghersi | Moment | Getty Images India’s Nifty 50 is outperforming the S&P 500 and analysts told CNBC the index could go even higher this year. The South Asian benchmark has surged 11.8% so far this year, outpacing the S&P […]
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CNBC Daily Open: Wall Street rebound fizzles out
Traders work on the floor of the New York Stock Exchange during morning trading on August 06, 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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China will have nearly twice the pets than young children by 2030, Goldman Sachs says
A dog getting groomed during a pet show in Shanghai on August 17, 2023. Str | Afp | Getty Images China’s pet population will be close to double that of its young children by 2030 as young Chinese remain unwilling to start new families, Goldman Sachs said in a recent note. The country’s urban pet […]
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China’s exporters enjoyed the benefits of a weak yuan. Now that’s changing and cutting into profits
A bank employee count China’s renminbi (RMB) or yuan notes next to U.S. dollar notes at a Kasikornbank in Bangkok, Thailand, January 26, 2023. Athit Perawongmetha | Reuters BEIJING — Chinese companies seeking growth from exports face a new challenge: a strengthening yuan. The “offshore” yuan traded in Hong Kong surged Monday against the U.S. […]
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Asia markets open lower as Wall Street recovery stalls; investors asses Japan trade data
The Reserve Bank of India xxxx rates August 6, 2023 as inflation cools in the world’s fifth-largest economy. Punit Paranjpe | Afp | Getty Images Asia-Pacific markets opened lower on Thursday as Wall Street declined overnight, while investors also awaited trade data from Japan and India’s rate decision. The Dow Jones Industrial Average fell 0.60%, while […]
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