Month: October 2024
‘Time to be a little bit cautious’: Norway’s $1.8 trillion wealth fund issues stock market warning
Trond Grande, deputy chief executive officer of Norges Bank Investment Management, during a news conference in Oslo, Norway, on Tuesday, Jan. 30, 2024. Bloomberg | Bloomberg | Getty Images Norges Bank Investment Management (NBIM), one of the world’s largest investors, said heightened uncertainty and concerns over the economic outlook mean that stock market risks are […]
Read More
Coca-Cola is about to report earnings. Here’s what to expect
Vintage Coca-Cola bottles are seen in a shop window in Manhattan, New York City, on July 15, 2024. Beata Zawrzel | Nurphoto | Getty Images Coca-Cola is about to report third-quarter earnings before the bell on Wednesday. Here is what Wall Street analysts surveyed by LSEG are expecting: Earnings per share: 74 cents Revenue: $11.60 […]
Read More
Lilium was once a promising ‘air taxi’ startup worth billions. Now it’s on the brink of insolvency
German company Lilium produces flying electric passenger drones. Lilium German aerospace startup Lilium faces insolvency if it doesn’t raise emergency funding from the state government for the southeastern state of Bavaria. Insolvency would mark a dramatic fall for a startup once touted as Europe’s best chance at building the 21st-century equivalent of “cars” that can […]
Read More
Crypto firm Circle expects the UK to introduce stablecoin laws in ‘months, not years’
Key Points Dante Disparte, Circle’s global head of policy, said that he sees the U.K. bringing in legislation for stablecoins, a type of cryptocurrency pegged to government currencies, soon. “I think we’re within months, not years” of formal U.K. laws for the stablecoin market being introduced, Disparte told CNBC in an interview last week during […]
Read More
Qualcomm shares fall 5% after report of Arm threat to scrap key license in escalating dispute
A smartphone with a Qualcomm logo is placed on a computer motherboard in this illustration taken on March 6, 2023. Dado Ruvic | Reuters Qualcomm shares fell nearly 5% in premarket trade after Bloomberg reported that British chip designer Arm is looking to scrap a key license for the U.S. firm. Arm has given Qualcomm […]
Read More
Trump campaign accuses UK’s Labour Party of election ‘interference’
Republican presidential candidate Donald Trump dances for his supporters following a rally at East Carolina University on October 21, 2024 in Greenville, N.C. Ricky Carioti | The Washington Post | Getty Images Donald Trump’s campaign has accused British Prime Minister Keir Starmer’s Labour Party of “blatant foreign interference” in the U.S. presidential election after its […]
Read More
CNBC Daily Open: The S&P could continue its ascent despite pausing
Hikers on layered sandstone rock formations in the Fire Wave area of Valley of Fire State Park near Overton, Nevada. Ron Buskirk | Universal Images Group | 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, […]
Read More
Deutsche Bank swings back to profit in the third quarter, beating expectations
A sign for Deutsche Bank AG at a bank branch in the financial district of Frankfurt, Germany, on Thursday, Feb. 2, 2023. Bloomberg | Bloomberg | Getty Images Deutsche Bank on Wednesday beat expectations in its return to profit in the three months to September, after snapping its 15-quarter profit streak in the second quarter. […]
Read More
A ‘tidal wave’ of natural gas supply — the biggest yet — will reshape global markets, says RBC Capital
Liquefied natural gas (LNG) storage units. Dan Kitwood | Getty Images News | Getty Images The biggest influx of liquified natural gas (LNG) supply is coming online and it will transform the global market, bringing about wide and enduring effects, said RBC Capital Markets. “A wave of new LNG supply —the biggest yet— is set […]
Read More
TSMC denies U.S. is probing the company after report suggests blacklisted Huawei is using its chips
The logo for Taiwan Semiconductor Manufacturing Company is displayed on a screen on the floor of the New York Stock Exchange on Sept. 26, 2023. Brendan Mcdermid | Reuters Taiwan Semiconductor Manufacturing Company has denied that the U.S. was investigating its dealings with Chinese tech company Huawei, following reports that its chips were found in […]
Read More