Month: October 2024
CNBC’s Inside India newsletter: Is China’s stock market rally behind Indian equity losses?
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 The investment world has quickly swapped its insignia over the past couple of weeks. […]
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Morgan Stanley just met with Nvidia’s CEO and came away even more confident in its top pick
Nvidia remains at the forefront of artificial intelligence innovation, with new opportunities to gain market share, Morgan Stanley said. Analyst Joseph Moore reiterated his overweight rating on the chipmaker and said meetings with Nvidia’s CEO and other management reinforced the firm’s view that it is the top pick in semiconductors. Morgan Stanley hosted the company […]
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Delta says travelers are trading scorching summer Europe trips for fall getaways
A woman uses an umbrella to protect herself from the sun as she passes past the Colosseum during an intensely hot day in Rome, Italy, on July 11, 2024. Riccardo De Luca | Anadolu | Getty Images Summer trips to Europe are getting too hot for thousands of tourists. Delta Air Lines president Glen Hauenstein […]
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Microsoft announces new AI tools to help ease workload for doctors and nurses
Microsoft on Thursday announced new health-care data and artificial intelligence tools, including a collection of medical imaging models, a health-care agent service and an automated documentation solution for nurses. The tools aim to help health-care organizations build AI applications quicker and save clinicians time on administrative tasks, a major cause of industry burnout. Nurses spend […]
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Here’s the inflation breakdown for September 2024 — in one chart
Key Points The consumer price index rose by 2.4% in September 2024 on an annual basis, according to the Bureau of Labor Statistics. Inflation declined amid a pullback in gasoline prices and moderation in housing inflation. There were some trouble spots, however, such as groceries and car insurance. Source
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Hedge funds do an about-face on the China trade, selling stocks in record numbers
Hedge funds that recently flocked into Chinese stocks on stimulus hopes just did a 180. Professional traders posted the largest single-day net selling of Chinese securities, both onshore and offshore, on Tuesday, according to Goldman Sachs’ prime brokerage data. The net selling was 1.4 times larger than the previous record, Goldman said. The record exodus […]
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OpenAI chair Bret Taylor talks AI agents, regulation and the tech’s current boom
Bret Taylor, co-CEO of Salesforce, speaks at the Viva Technology Conference in Paris on June 15, 2022. Nathan Laine | Bloomberg | Getty Images Bret Taylor, board chairman of OpenAI, joined CNBC’s Squawk on the Street Thursday to discuss his artificial intelligence startup Sierra. Taylor co-founded Sierra in March of 2023, and it aims to […]
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From day-one parental leave to zero-hours reform, UK workers to gain raft of rights in flagship Labour bill
A waiter sets a table in the City of London, UK. Bloomberg | Bloomberg | Getty Images LONDON — British employees are set to gain a slew of employment benefits under flagship legislation put forward by the new Labour government on Thursday, including stronger rights to sick pay and an entitlement to take paternity leave […]
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Pfizer threatened to sue renegade executives prior to activist schism, Starboard’s Smith says
Ian Read, chairman and chief executive officer of Pfizer Inc., gestures as he speaks during a panel session at the World Economic Forum (WEF) in Davos, Switzerland, on Tuesday, Jan. 17, 2017. Simon Dawson | Bloomberg | Getty Images Activist Starboard Value accused Pfizer of threatening litigation against the company’s former CEO and CFO in […]
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Zuckerberg’s metaverse is finally showing signs of life, but it’s not from VR
Meta CEO Mark Zuckerberg presents Orion AR Glasses, as he makes a keynote speech during the Meta Connect annual event, at the company’s headquarters in Menlo Park, California, U.S. September 25, 2024. Manuel Orbegozo | Reuters When Facebook changed its name to Meta in October 2021, CEO Mark Zuckerberg used the occasion to show the […]
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