Month: October 2024
European markets trade higher but sentiment dampened by volatility in China
European markets traded slightly higher Wednesday as positive sentiment wavered in the region, spurred on by volatility in China. The pan-European Stoxx 600 index opened just 0.06% higher but strengthened slightly to trade up 0.2% by mid-morning, with only the banks and technology sectors in negative territory. Regional markets traded and closed lower Tuesday, with […]
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HSBC exec says there’s a lot of AI ‘success theater’ happening in finance
Big technology companies are betting that a new wave of smaller, more precise AI models will be more effective when it comes to the needs of businesses in sectors like law, finance, and health care. Jaap Arriens | NurPhoto via Getty Images LONDON — Increasingly many financial services firms are touting the benefits of artificial […]
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Disneyland hikes ticket prices for its highest-demand days
Sleeping Beauty Castle at Disneyland, celebrating ‘100 Years of Wonder.’ Aaronp/bauer-griffin | Gc Images | Getty Images Price hikes are coming to Disneyland. While the California-based park’s entry-level ticket will remain at $104, the same price it’s been for six years, other ticket tiers, which are based on demand, will jump between $7 and $12, […]
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China’s property stimulus raises optimism — but more steps are needed for a sectoral turnaround
A man works at a construction site of a residential skyscraper in Shanghai on November 29, 2016. Chinese household debt has risen at an “alarming” pace as property values have soared, analysts say, raising the risk that a real estate downturn could send shockwaves through the world’s second largest economy. JOHANNES EISELE/AFP via Getty Images […]
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Mining giant Rio Tinto to acquire Arcadium Lithium in $6.7 billion deal
The Rio Tinto Ltd. booth on the opening day of the Investing in African Mining Indaba in Cape Town, South Africa, on Monday, Feb. 6, 2023. Dwayne Senior | Bloomberg | Getty Images The world’s second-largest miner Rio Tinto said Wednesday it will acquire U.S. lithium producer Arcadium for $6.7 billion. Rio Tinto said the […]
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Left and right prey on weak French government as it prepares ‘austerity’ budget
French Prime Minister Michel Barnier (C) ahead of his general policy statement to the French National Assembly in Paris on October 1, 2024. Barnier, a right-wing former EU Brexit negotiator, was appointed three weeks ago by French President to bring some stability after the political chaos created by a hung parliament that resulted from snap […]
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CNBC Daily Open: Opportunity in October’s choppiness for stocks
A man covering his head with Halloween pumpkin sits as trees’ leaves turns the colors of the autumn season at Central Park in New York, United States on October 30, 2023. Fatih Aktas | Anadolu | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors […]
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China’s Golden Week holiday signals persistent consumer caution
Key Points China’s Golden Week holiday affirmed a trend in more cautious spending, while consumers put greater emphasis on experiences. “Low tourism spending per head and subdued services prices highlighted still weak domestic demand and continued consumption downgrading,” Goldman Sachs analysts said. “People become more cautious with spending. Also they opt for more affordable options […]
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India’s central bank holds rates as expected, shifts stance to ‘neutral’
People walk past Reserve Bank of India signage in front of an installation stall at Global Fintech Fest in Mumbai, India, on Aug. 28, 2024. Indranil Aditya | Nurphoto | Getty Images The Reserve Bank of India (RBI) kept its key interest rate unchanged on Wednesday, as widely expected, but tweaked its policy stance to […]
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Boeing withdraws contract offer after talks with union end without a deal
Workers picket outside a Boeing Co. facility during a strike in Everett, Washington, US, on Monday, Sept. 16, 2024. Boeing Co. factory workers walked off the job for the first time in 16 years, halting manufacturing across the planemaker’s Seattle hub after members of its largest union voted overwhelmingly to reject a contract offer and […]
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