Month: September 2024
China central bank cuts medium-term loan rate
China’s central bank lowered the cost of its medium-term loans to banks on Wednesday in a move consistent with broad policy easing measures announced a day earlier to shore up a flailing economy. Wang Zhao | AFP | Getty Images China’s central bank lowered the cost of its medium-term loans to banks on Wednesday in […]
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OpenAI just launched advanced voice mode for audio chats with ChatGPT. Here’s how to use it
OpenAI has launched advanced voice mode for audio chats with ChatGPT. Jordan Novet, CNBC ChatGPT is ready for more natural audio chats. OpenAI said Tuesday that its popular chatbot now has an advanced voice feature for people who pay for the premium service. The tool allows for more fluid conversations. The release will continue through […]
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Chinese yuan hits strongest level against the dollar in 16 months
The Chinese yuan has weakened sharply against the U.S. dollar in the last several weeks as the greenback strengthens and investors worry about China’s economic growth. Fotoholica Press | Lightrocket | Getty Images China’s yuan briefly rose to its strongest level in over a year on Wednesday after Beijing unveiled a slate of stimulus measures […]
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Cathay Pacific bans couple after video showed inflight dispute over reclined seat
A couple, who argued with a passenger who reclined her seat, won’t be flying with Cathay Pacific ever again. The Hong Kong-based airline banned the pair after video footage emerged showing the couple taunting, using vulgar hand gestures, and jostling the chair of a female passenger who reclined her seat on a 14-hour flight from […]
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CNBC Daily Open: It might be better economic data isn’t all rosy
People shop at a home improvement store on August 14, 2024, in New York City. Spencer Platt | 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. Like what you see? […]
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Asia-Pacific markets set for mixed open; Hong Kong’s Hang Seng poised to rise 4%
A General view showing the Hong Kong Skyline in Hong Kong, Saturday, May 22, 2021. (Photo by Vernon Yuen/NurPhoto via Getty Images) Nurphoto | Nurphoto | Getty Images Asia-Pacific markets were set to open mixed on Wednesday, with futures for Hong Kong’s Hang Seng Index suggesting a 4% rise for the index at open. HSI […]
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Goldman names its top global battery stocks — giving 2 over 50% upside
Battery prices have been sliding, but Goldman Sachs continues to see promise in the sector, naming four market-leading stocks it’s overweight on. The investment bank’s analysts said global average battery prices could fall to around $80/kilowatt hour by 2026 compared to $110/kilowatt hour this year, in a Sept. 4 equity research note. At this level, […]
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‘Don’t fight the Fed’: Barclays and Citi turn bullish on these stocks after rate cut
The Federal Reserve surprised markets earlier this month when it cut interest rates by 50 basis points , signaling a shift toward preserving economic growth. The move prompted Wall Street giants Barclays and Citi to adopt a more optimistic stance on global cyclical stocks. Cyclical stocks are generally sensitive to interest rates and economic growth, […]
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Stock futures are little changed after Dow, S&P 500 hit record highs: Live updates
Traders work on the floor of the New York Stock Exchange during morning trading on September 23, 2024 in New York City. Michael M. Santiago | Getty Images Stock futures were calm on Tuesday evening as Wall Street looks to extend its September gains. S&P 500 futures were little changed. Nasdaq 100 futures ticked up […]
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Biden administration backs House Republicans’ three-month government funding bill
US President Joe Biden (R) shakes hands with Speaker of the House Mike Johnson as they attend the National Prayer Breakfast Foundation’s annual event at the US Capitol in Washington, DC, on February 1, 2024. Brendan Smialowski | Afp | Getty Images The Biden administration on Tuesday announced its support for the latest short-term government […]
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