Month: October 2024
Stocks making the biggest moves premarket: Morgan Stanley, Cisco, ASML and more
Check out the companies making headlines before the bell. Cisco Systems — The networking technology stock added nearly 2% on the heels of a Citi upgrade to buy from neutral. Citi said artificial intelligence can become a bigger part of the business over time. Novocure — Shares soared roughly 22% after the U.S. Food and […]
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Airbus to cut up to 2,500 jobs in defense and space
A logo sits on display outside the Airbus wing assembly factory in Broughton, U.K. Paul Thomas | Bloomberg | Getty Images Airbus announced plans on Wednesday to cut up to 2,500 jobs in its Defence and Space division, citing a “complex business environment” especially in loss-making satellites. The European aerospace group said it aims to […]
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Morgan Stanley is about to report earnings — here’s what to expect
Key Points Morgan Stanley is set to report third-quarter earnings before the opening bell Wednesday. The bank’s massive wealth management business will be helped by high stock market values in the quarter, which inflates the management fees the bank collects. JPMorgan Chase, Goldman Sachs and Citigroup topped expectations, helped by better-than-expected revenue from trading or […]
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Weekly mortgage demand tanks 17%, after interest rates hit the highest level since August
A sign is posted in front of a home for sale on August 07, 2024 in San Rafael, California. Justin Sullivan | Getty Images Mortgage interest rates rose last week for the third straight week, hitting the highest level since August. That caused demand from both current homeowners and potential homebuyers to take a big […]
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Generative AI startups get 40% of all VC investment in cloud amid ChatGPT buzz
Style-photography | Istock | Getty Images Generative artificial intelligence startups are getting 40% of all the venture capital funding that flows into cloud companies, according to venture investors Accel. In its latest annual Euroscape report, which looks at key cloud and AI trends, Accel said that venture funding for cloud startups based in the U.S., […]
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LVMH falls 6% as third-quarter revenues drop; European markets trade lower
European markets traded lower Wednesday morning as global market sentiment took a turn for the worse. The pan-European Stoxx 600 index was down 0.2% early on in the trading session with the majority of sectors in negative territory. The FTSE 100 was up 0.8% at the open after the latest U.K. data showed the inflation […]
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Hong Kong leader announces measures to address housing crisis in annual policy address
Hong Kong Chief Executive John Lee Ka-chiu delivers his annual policy address at the Legislative Council on Oct. 16, 2024 in Hong Kong. China News Service | China News Service | Getty Images Hong Kong chief executive John Lee announced moves aimed at addressing the city’s housing affordability crisis, calling it “an issue of great […]
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Thai central bank unexpectedly cuts key rate by 25 basis points
Growing political pressure aside, Thailand’s weak economy adds to the case for the central bank to cut interest rates sooner rather than later, according to money managers. Bloomberg | Bloomberg | Getty Images Thailand’s central bank unexpectedly cut its key interest rate at a policy review on Wednesday, a move long called for by the […]
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UK inflation falls sharply to 1.7%, below Bank of England’s target for first time in over three years
The Canary Wharf business district is seen in the distance behind autumnal leaves on October 09, 2024 in London, United Kingdom. Dan Kitwood | Getty Images News | Getty Images LONDON — Inflation in the U.K. dropped sharply to 1.7% in September, the Office for National Statistics said Wednesday. Economists polled by Reuters had expected […]
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CNBC Daily Open: Bullish sentiment and broadening rally – markets are in a good place
Traders work on the floor of the New York Stock Exchange on April 5, 2024. Spencer Platt | Getty Images News | 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. […]
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