Month: September 2024
Bitcoin overnight sell-off takes it below $56,000 before stabilizing
Vertigo3d | iStock | Getty Images Bitcoin slid back toward $55,000 overnight as it caught up with Tuesday’s broader market sell-off. On Wednesday, the price of the flagship cryptocurrency was lower by 2% at $56,589.80, according to Coin Metrics. It fell sharply Tuesday night — to as low as $55,673.80 — with the start of […]
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Stocks making the biggest moves premarket: Nvidia, GitLab, Sweetgreen, Dollar Tree and more
Check out the companies making headlines in premarket trading. Nvidia — Shares of the artificial intelligence darling pulled back nearly 2% following a report from Bloomberg that the U.S. Department of Justice subpoenaed the chip company in concert with a broader antitrust investigation. Dick’s Sporting Goods — Stock in the retailer fell about 1% despite […]
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Mortgage refinance demand is 94% higher than a year ago, as interest rates fall again
File photo Patrick T. Fallon | Bloomberg | Getty Images Mortgage demand is now heavily skewed toward refinancing, as interest rates declined for the fifth straight week. Total mortgage application volume rose just 1.6% last week, compared with the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. The average contract interest rate […]
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Dick’s Sporting Goods blows past earnings estimates but issues cautious guidance ahead of 2024 election
A Dick’s Sporting Goods store at the Los Cerritos Center shopping mall on February 21, 2024 in Cerritos, California. Kirby Lee | Getty Images News | Getty Images Dick’s Sporting Goods on Wednesday blew past Wall Street’s earnings estimates in its fiscal second quarter and while the retailer did raise its full-year guidance as a […]
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Cathay Pacific confirms it expects A350s back in service within days after engine issue
An Airbus SE A350 aircraft operated by Cathay Pacific Airways Ltd. on the tarmac at Hong Kong International Airport in Hong Kong, China, on Tuesday, Sept. 3, 2024. Bloomberg | Bloomberg | Getty Images Hong Kong flag carrier Cathay Pacific on Wednesday confirmed it expects to return its Airbus A350 planes to service by the […]
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Qualcomm ramps up challenge to Intel and AMD with latest AI PC chip
A view of the logo of Qualcomm at the Mobile World Congress 2024. Ramon Costa | SOPA Images | Lightrocket | Getty Images Qualcomm launched a new PC processor on Wednesday as it looks to capitalize on electronics makers’ desire to put artificial intelligence on their devices. The move ramps up Qualcomm’s efforts to challenge […]
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Airplane engines are in short supply. The business of fixing older ones is booming
TULSA, Okla. — Parts and labor shortages. Delayed deliveries of new airplanes from Boeing and Airbus. An engine recall. Premature repairs. It’s all piling up, and aircraft engine shops around the world are overflowing. As travelers boarded planes in record numbers this summer, airline executives waited anxiously for repairs and overhauls of their engines. The […]
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Alibaba to allow payment through Tencent’s WeChat Pay for the first time on e-commerce apps
The Alibaba Group logo displayed on a mobile phone. Cfoto | Future Publishing | Getty Images Chinese tech giant Alibaba on Wednesday said that its core Taobao and Tmall e-commerce platforms will now allow payment through Tencent’s WeChat app for the first time. Previously, Alibaba’s Chinese e-commerce sites only accepted limited payment options and pushed […]
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After Putin dodges arrest in Mongolia, the Kremlin says no one can hold Russia back
Russian President Vladimir Putin and his spokesperson Dmitry Peskov at the Supreme Eurasian Economic Council meeting at the Congress Hall in Bishkek on Dec. 9, 2022. Vyacheslav Oseledko | Afp | Getty Images There was more than a whiff of self-satisfaction from the Kremlin on Wednesday, after Russian President Vladimir Putin’s trip to Mongolia at […]
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Volkswagen faces tense townhall as workers battle possible plant closures
Employees of German car maker Volkswagen (VW) protest at the start of a company’s general meeting in Wolfsburg, northern Germany, on September 4, 2024. Moritz Frankenberg | Afp | Getty Images Management at German automotive giant Volkswagen is set to go toe-to-toe with workers on Wednesday, as senior business leaders prepare to present details about […]
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