Month: October 2024
5 things to know before the stock market opens Monday
Here are the most important news items that investors need to start their trading day: 1. Running to records U.S. stocks have taken a steady climb to new records. The S&P 500 and Dow Jones Industrial Average both notched their highest closes ever on Friday. Both of those indexes and the Nasdaq Composite rose more […]
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UK Prime Minister Keir Starmer vows to slash regulatory red tape in bid to boost investment
Britain’s Prime Minister Keir Starmer delivers a speech on stage during the International Investment Summit, held at The Guildhall, in central London, on October 14, 2024. Jonathan Brady | Afp | Getty Images LONDON — U.K. Prime Minister Keir Starmer on Monday vowed to slash regulatory red tape to boost anemic investment in the country. “We’ve […]
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Stripe, Wise founders want a ‘tech renaissance’ in Europe to help region rival Silicon Valley
Patrick Collison, CEO and co-founder of Stripe, speaking at 2022’s Italian Tech Week in Turin, Italy. Giuliano Berti | Bloomberg | Getty Images Founders of some of Europe’s largest technology unicorns on Monday backed an open letter calling for a “tech renaissance” fueled by the creation of a single pan-European entity to promote startups and innovation in […]
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European Central Bank set for third interest rate cut of the year in meeting this week
European flags flutter in front of the European Central Bank (ECB) building prior to a news conference following the meeting of the governing council of the ECB in Frankfurt/Main, Germany, on September 12, 2024. Daniel Roland | Afp | Getty Images The European Central Bank is on course to deliver its third interest rate cut […]
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Macao’s next leader wants to wean its economy off gambling
Sam Hou Fai delivers a speech at a polling booth at the China-Portuguese-speaking Countries Commercial and Trade Service Platform Complex on Oct. 13, 2024 in Macao. China News Service | China News Service | Getty Images Slated to become the next leader of Macao, Sam Hou Fai wants to steer China’s special administrative region further […]
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Nobel economics prize for 2024 awarded to Daron Acemoglu, Simon Johnson and James Robinson
Simon Johnson, an economist and a professor at the Massachusetts Institute of Technology (MIT). Bloomberg | Bloomberg | Getty Images U.S.-based economists Daron Acemoglu, Simon Johnson and James Robinson were awarded the Nobel prize in economic sciences on Monday for work demonstrating “the importance of societal institutions for a country’s prosperity.” The academics have helped […]
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European markets little changed as the new trading week kicks off
Luxury stocks pull back as investors weigh China stimulus plans European luxury stocks pulled back Monday as investors assessed the latest hints about stimulus measures out of China. Shares of Gucci-owner Kering were down 3.6% by 9:35 a.m. London time, while LVMH fell 2.74%, and shares in Burberry and Christian Dior pulled back by around […]
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China’s exports and imports grew far less than expected in September
Key Points China’s exports grew by 2.4% in September from a year ago in U.S. dollar terms, while imports rose by 0.3%, customs data showed Monday. Source
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International investors descend on London as Labour tries to woo new business to Britain
Stockcam | E+ | Getty Images LONDON — The U.K. Labour government is hoping to woo foreign capital to the country on Monday, as it hosts its inaugural International Investment Summit in London. Prime Minister Keir Starmer, Finance Minister Rachel Reeves and Business Minister Jonathan Reynolds will lead the one-day event at London’s Guildhall, which […]
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CNBC Daily Open: With an unchanged PPI, the Fed’s near the finish line
A television station broadcasts the Federal Reserve’s interest-rate cut on the floor of the New York Stock Exchange (NYSE) in New York, US, on Wednesday, Sept. 18, 2024. Michael Nagle | Bloomberg | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed […]
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