Month: October 2024
U.S. crude oil jumps 2%, trades near $76 as market waits for Israel strike against Iran
U.S. crude oil rose about 2% on Monday, as the market waited for Israel to strike Iran. Oil prices spiked last week on fears that Israel could hit Iran’s oil industry in retaliation for Tehran’s ballistic missile attack. U.S. benchmark West Texas Intermediate surged 9.09% last week for the biggest weekly gain since March 2023. […]
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Stocks making the biggest moves premarket: Apple, Amazon, Pfizer, Hershey and more
Check out the companies making headlines before the bell. Apple — Shares declined 1.4% after Jefferies downgraded the megacap tech company to hold from buy, saying near-term expectations for the iPhone 16 and 17 are too high after weaker-than-expected initial demand. Apple’s AI capabilities leading to an accelerated smartphone replacement cycle is a “premature” catalyst, […]
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Robotaxis are here but the public is reluctant to embrace them
Driverless cars are speeding onto America’s streets, but whether the public will trust robotaxis remains an open question. Nearly two-thirds of Americans said they would not want to ride in a driverless passenger vehicle if they had the opportunity, according to a Pew Research Center Survey. That’s because residents in cities that have yet to […]
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European markets turn lower after starting the new trading week with positive momentum
A stock trader looks at his monitors in the trading room of the Frankfurt Stock Exchange. Worries about a new coronavirus mutation in southern Africa have dealt a major blow to the German stock market. Arne Dedert | Picture Alliance | Getty Images LONDON — European stocks started the new trading week on a positive […]
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Sweden told people to open their hearts to immigrants 10 years ago. Its U-turn has been dramatic
Stockholm, Sweden ranked as the No. 2 most sustainable destination in the world for 2024, according to Tripadvisor. Laurie Noble | Stone | Getty Images Sweden is often viewed as a a liberal utopia in Europe and beyond, with the country of 10.5 million people known for its stable economy, high quality of life and […]
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China stocks poised to reopen Tuesday with markets fixated on fiscal stimulus
Visitors walk by a large Chinese national flag painted on the side of a container at an outdoor market during the Golden Week holiday on October 3, 2024 in Beijing, China. China marked its National Day and the 75th anniversary of the founding of the Peoples Republic on October 1st. Kevin Frayer | Getty Images […]
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CNBC Daily Open: September’s blockbuster jobs report changes the calculus
More than 75 employers were taking resumes and talking to prospective new hires at a career fair in Lake Forest, CA on Wednesday, February 21, 2024. Paul Bersebach | Medianews Group | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on […]
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Tensions rise between banks and tech companies over online fraud liability in the UK
Key Points Starting from Oct. 7, banks will be required to start compensating victims of online fraud a maximum £85,000 in the U.K. On Thursday, London-based digital bank Revolut accused Meta of falling “woefully short of what’s required to tackle fraud globally” when it comes to tackling fraud. Tensions have been running high between banks […]
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Thai headline inflation quickens in September, still below central bank target
People on the Mahanakorn skywalk overlooking Bangkok, shot on March 17, 2023. Lillian Suwanrumpha | Afp | Getty Images Thailand’s annual headline inflation quickened in September due mainly to higher prices of diesel and some vegetables, the commerce ministry said on Monday, and was still below the central bank’s target range of 1% to 3%. The headline consumer price index rose 0.61% in September from a year earlier, […]
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Japan’s Nikkei rises over 2% as Asia markets climb; central bank decisions in focus this week
In a photo taken on November 4, 2019 a subway train crosses a rail bridge over the Han river, before the skyline of the Yeouido business district of Seoul. Ed Jones | Afp | Getty Images Asia-Pacific markets mostly climbed on Monday, led by Japan’s Nikkei 225 rising almost 2% as investors look ahead to […]
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