Month: September 2024
‘No challenges can stop China’s progress’ Xi Jinping says in 75th anniversary speech
Key Points Chinese President Xi Jinping said Monday that no challenges can stop the country from moving forward. He also reiterated Beijing’s aims for reunification with Taiwan. Xi was speaking at a reception commemorating the 75th anniversary of the People’s Republic of China, which was founded on Oct.1, 1949. Source
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Stocks making the biggest moves premarket: Nio, Stellantis, MicroStrategy and more
Check out the companies making headlines before the bell. Nio – U.S.-listed shares surged more than 13% after the Chinese electric vehicle maker announced it will receive a cash injection of 13.3 billion yuan for its Nio China. “Strategic investors” will provide 3.3 billion yuan of that injection, with the rest coming from Nio Inc. […]
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German inflation drops to 1.8% in September, below expectations
Shoppers at the Alexanderplatz in Berlin, Germany, on Wednesday, Sept. 25, 2024. Krisztian Bocsi | Bloomberg | Getty Images The harmonized German consumer price index eased to 1.8% in September, coming in lower than expected, preliminary data from the country’s statistics office Destatis showed on Monday. The September harmonized CPI figure had been forecast to come […]
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Ford aims to boost EV sales, address owner concerns with new benefits program
The Mustang Mach-E on display at the New York International Auto Show on March 28, 2024. Danielle DeVries | CNBC DETROIT — Ford Motor is aiming to boost sales of its electric vehicles by addressing potential customer concerns through a new program that includes free home-charging installation and other benefits. The “Ford Power Promise” program […]
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DirecTV clinches long-elusive deal to combine with Dish
DirecTV on Monday agreed to buy EchoStar‘s satellite television business that includes Dish TV, capping decades of on-and-off talks to create one of the nation’s largest pay-TV distributors with a combined 20 million subscribers. The transaction comes at a time when satellite TV services DirecTV and Dish are hemorrhaging market share to competitors like Netflix […]
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UK’s Rightmove rejects sweetened $8.3 billion bid from Murdoch’s REA Group
Rupert Murdoch looks on as he walks on the day of the hearing on the contentious matter of succession of Rupert Murdoch’s global television and publishing empire, in Reno, Nevada, U.S. September 23, 2024. Fred Greaves | Reuters British real estate portal Rightmove rejected a sweetened $8.29 billion takeover bid from Rupert Murdoch’s Australian property […]
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UK economy grew more slowly than thought but outlook improving
Britain’s economy grew more slowly than previously thought in the second quarter but there were also some signs of improvement in household finances ahead of next month’s annual budget. Economic output expanded by 0.5% in the April-to-June period, the Office for National Statistics said on Monday. The reading was slightly weaker than a preliminary estimate […]
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Dodge-maker Stellantis and Aston Martin drop sharply after profit warnings amid China woes
The Stellantis sign is seen outside the FCA Headquarters and Technology Center in Auburn Hills, Michigan, on Jan. 19, 2021. Jeff Kowalsky | Afp | Getty Images Stocks of European carmakers hemorrhaged early on Monday as Stellantis and British luxury brand Aston Martin issued profit warnings, citing broader industry challenges and difficulties in the world’s […]
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Oil markets not pricing in an ‘all-out war’ after Israel kills Hezbollah leader, but risks persist
General view of the Towers and oil platforms of the State oil Company of Venezuela, Venezuelan oil Company SA. Jose Bula Urrutia | Future Publishing | Getty Images Oil prices didn’t react sharply on Monday after Hezbollah confirmed that its leader was killed on Friday in an Israeli airstrike in the Lebanese capital of Beirut. […]
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CNBC Daily Open: Shiny September days for stocks
Traders work on the floor at the New York Stock Exchange. Brendan Mcdermid | Reuters 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? You can subscribe here. What you […]
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