Month: October 2024
World’s largest sovereign wealth fund posts $76 billion in quarterly profit as interest rates fall
The headquarters of the Norges Bank, Norway’s central bank, in Oslo, Norway, on Tuesday, Jan. 30, 2024. Bloomberg | Bloomberg | Getty Images Norway’s gigantic sovereign wealth fund on Tuesday reported third-quarter profit of 835 billion Norwegian kroner ($76.3 billion), citing a stock market boost from falling interest rates. The so-called Government Pension Fund Global, […]
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Harris leads Trump by 20 points with younger Americans, new CNBC Generation Lab survey finds
Democratic presidential nominee Vice President Kamala Harris speaks with members of the press on board Air Force Two at Philadelphia International Airport, Monday, Oct. 21, 2024, in Philadelphia, before departing to Michigan. Jacquelyn Martin | Via Reuters Exactly two weeks before Election Day, a new CNBC Generation Lab survey finds that Vice President Kamala Harris […]
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European stocks lower; defense firm Saab up 6%; German software giant SAP hits all-time high
HSBC names first female CFO, announces restructure LONDON – Nov. 5, 2020: Fog shrouds the Canary Wharf business district including global financial institutions Citigroup Inc., State Street Corp., Barclays Plc, HSBC Holdings Plc and the commercial office block No. 1 Canada Square. Dan Kitwood | Getty Images News | Getty Images HSBC on Tuesday announced a […]
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CNBC Pro Talks: China portfolio manager to reveal what he’s buying right now
Chinese markets have been in the spotlight over the last month after the government revealed a slew of stimulus announcements , sending markets higher. As well as measures including interest rate cuts, lower cash reserve requirements for banks, and liquidity support for stock markets, Minister of Finance Lan Fo’an also indicated that the country was […]
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Russia pushes ‘new world order’ agenda as it hosts beefed-up BRICS summit
Russian President Vladimir Putin attends the BRICS Business Forum in Moscow, Russia October 18, 2024. Alexander Zemlianichenko | Via Reuters Russia is rolling out the red carpet to its geopolitical allies as it hosts the latest BRICS summit on Tuesday, pushing its agenda to create a “new world order” that challenges the West. The group […]
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Stock futures are lower as earnings season gains steam: Live updates
A trader works on the floor of the New York Stock Exchange during morning trading on Aug. 23, 2024. Michael M. Santiago | Getty Images Investor attention remains fixated on third-quarter earnings season, with about one-fifth of the S&P 500 slated to report results this week. Zions Bancorporation popped about 3% after the bell Monday […]
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More startups are being spun out of Klarna than any other European fintech unicorn
Key Points Alumni from Klarna have gone on to create 62 new startups — more than any other fintech unicorn in Europe, according to a new report from venture capital firm Accel. Out of 98 venture-backed fintech unicorns in the region, 82 have produced 635 new tech-enabled startups, according to Accel’s report. Accel labels these companies […]
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Economists see UK cutting interest rates more substantially as inflation pressures ease
Bank of England in the City of London on 8th October 2024 in London, United Kingdom. Mike Kemp | In Pictures | Getty Images LONDON — The U.K. is likely to see interest rates drop at a faster pace than previously expected, according to economists who flagged key data releases that indicated inflationary pressures are […]
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HSBC names Pam Kaur as first female CFO amid major restructuring
Key Points HSBC on Tuesday named veteran insider Pam Kaur as its first female finance chief and announced a consolidation of the bank into four business units. This is the second heavyweight leadership shakeup for HSBC in recent months, after former finance boss Georges Elhedery was named CEO of the group back in July. The bank also announced plans […]
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U.S. proposals to curb AI, semiconductor investment into China under final review
Inside one of Equinix’s internal operations at Equinix Data Center in Ashburn, Virginia, on May 9, 2024. Amanda Andrade-Rhoades | The Washington Post | Getty Images Measures aimed at curbing U.S. investments into China in sensitive technologies are in the final stage of review, a U.S. government update showed. Under this set of rules, the […]
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