Month: October 2024
Trump election conspiracist Tina Peters sentenced to 9 years in prison by Colorado judge
Mesa County Clerk and Colorado Republican candidate for secretary of state Tina Peters reacts to early election returns during a primary night watch party at the Wide Open Saloon on June 28, 2022 in Sedalia, Colorado. Marc Piscotty | Getty Images Tina Peters, a former Colorado county clerk who espoused the false conspiracy theory that […]
Read More
Here’s everything to expect when the September jobs report is released Friday
Attendees at the Albany Job Fair in Latham, New York, US, on Wednesday, Oct. 2, 2024. Angus Mordant | Bloomberg | Getty Images September’s jobs picture is expected to look a lot like August’s — a gradual slowdown in hiring, a modest increase in wages and a labor market that is looking a lot like […]
Read More
A recession is imminent and favored tech stocks set to crater like the ‘Nifty Fifty’ did, BCA Research says
The rise and fall of the “Nifty Fifty” stocks in the 1970s is a cautionary tale for investors in the Magnificent Seven craze, according to BCA Research. The “Nifty Fifty” refers to a loose group of stocks including Coca-Cola , IBM , Xerox and Pfizer , that rose to prominence in the 1970 to 1973 […]
Read More
Stellantis CEO says too soon to confirm 2025 dividend as shares slide
Carlos Tavares, chief executive officer of Stellantis NV, speaks during a news conference at the Fiat automobile manufacturing plant in Kragujevac, Serbia, on Monday, July 22, 2024. Oliver Bunic | Bloomberg | Getty Images Stellantis CEO Carlos Tavares on Thursday left the door open for possible cuts to its dividend and share buybacks next year […]
Read More
U.S. crude oil jumps as Biden comments on possible Israel retaliation on Iran
U.S. crude oil prices rose more than 4% on Thursday, on pace for a third consecutive session of gains on fears that Israel could strike Iran’s oil industry in retaliation for Tehran’s ballistic missile attack this week. President Joe Biden was asked by reporters Thursday morning whether the U.S. would support an Israeli strike on […]
Read More
European markets close 1% lower as investors focus on Middle East escalation
Smoke rises from a building destroyed by an Israeli airstrike as journalists and local residents visit during a press tour on October 2, 2024 in Beirut, Lebanon. Daniel Carde | Getty Images LONDON — European stocks ended the day lower on Thursday as conflict in the Middle East weighed on regional investor sentiment. The pan-European […]
Read More
Alec Baldwin’s ‘Rust’ to debut at Camerimage Festival three years after on-set death
In this image from video released by the Santa Fe County Sheriff’s Office, Alec Baldwin stands in costume and speaks with investigators following a fatal shooting on a movie set in Santa Fe, N.M. Special prosecutors said Tuesday, Oct. 17, 2023, that they will seek to recharge actor Baldwin with involuntary manslaughter in a 2021 […]
Read More
Biden administration can move forward with student loan forgiveness, federal judge rules
US President Joe Biden gestures after speaking about student loan debt relief at Madison Area Technical College in Madison, Wisconsin, April 8, 2024. Andrew Caballero-Reynolds | AFP | Getty Images A federal judge will let expire a temporary restraining order against the Biden administration’s sweeping new student loan forgiveness plan, which could deliver relief to […]
Read More
CNBC’s Inside India newsletter: The ‘sticky’ outsourcing firms on the rise
This report is from this week’s CNBC’s “Inside India” newsletter which brings you timely, insightful news and market commentary on the emerging powerhouse and the big businesses behind its meteoric rise. Like what you see? You can subscribe here. The big story India has long been the destination for companies in developed markets to outsource labor […]
Read More
Miami Dolphins are in advanced talks to sell minority stake in team to Ares Management, billionaire Joe Tsai
Miami Dolphins are in advanced talks to sell minority stake in team to Ares Management, billionaire Joe Tsai Getty Images The Miami Dolphins are in advanced talks to sell a minority stake in the team to private equity firm Ares Management and billionaire Joe Tsai, CNBC has learned, highlighting the growing trend of owners looking […]
Read More