Day: November 8, 2024
How Black business leaders are thinking about a coming Trump administration
Black business leaders are still trying to figure out why Vice President Kamala Harris lost the presidential race, and how to approach the coming administration of President-elect Donald Trump. “It certainly means change. That’s what the voters wanted and that’s what they thought President Trump represents,” said Charles Phillips, co-chair of the Black Economic Alliance […]
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Europe cannot finance Ukraine war if Trump pulls U.S. out of the conflict, Hungary’s Orban warns
Hungarian Prime Minister Viktor Orban attends ADF Talks as part of the Antalya Diplomacy Forum (ADF) at NEST Congress and Exhibition Center in Antalya, Turkiye on March 01, 2024. Emin Sansar | Anadolu | Getty Images Europe alone cannot shoulder the financial strain of supporting Ukraine against the ongoing Russian invasion, Hungarian leader Viktor Orban […]
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Sony raises guidance on gaming strength, quarterly operating profit beats estimates
Sony’s PlayStation 5. Thiago Prudencio | Lightrocket | Getty Images Sony raised sales guidance for the full year on Friday and posted operating profit that smashed analyst expectations after a strong quarter for its gaming business. Here’s how the company did in the September quarter, versus LSEG consensus estimates: Revenue: 2.97 trillion Japanese yen ($19.4 […]
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Stocks making the biggest moves premarket: Pinterest, Monster Beverage, Bath & Body Works, Trump Media & more
Check out the companies making headlines before the bell. Trump Media & Technology Group — Shares of President-elect Donald Trump’s media company fell another 4.6% in premarket trading following a 23% plunge in the previous session. The stock, which trades under ticker Trump’s initials, DJT, has given up Wednesday’s rally triggered by Trump’s election victory. […]
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Top German business leader recalls his days working with Trump: ‘His administration was extremely receptive’
CEO of Siemens Joe Kaeser delivers a speech during the Siemens Annual Shareholders’ Meeting on February 3, 2021 in Munich, Germany. Pool | Getty Images News | Getty Images It’s still uncertain what Donald Trump’s second presidency will look like, but his first administration was highly responsive to business issues with a set way of […]
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‘It’s gross, it’s unprofessional’: Some LinkedIn users are being put off the platform by unsolicited flirtatious DMs
Chinese spies used Linkedin to get information on German officials, according to Germany’s intelligence agency bfV. studioEAST | Getty Images Some LinkedIn users have reported receiving unsolicited flirtatious messages via the platform, with expert Bernie Hogan at the Oxford Internet Institute saying the employment-focused social website is increasingly being used for dating purposes. Blair Huddy, […]
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European markets expected to open in mixed territory after Fed, Bank of England cut interest rates
Cartier owner Richemont posts dip in sales A Cartier store, owned by Richemont, in Shanghai, China, on Wednesday, July 17, 2024. Bloomberg | Bloomberg | Getty Images Swiss luxury group Richemont reported a 1% dip in sales through the six-month period ending in September, citing a challenging macroeconomic backdrop and tougher conditions in China. The […]
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CNBC’s Inside India newsletter: How will the next Trump administration impact India?
India’s Prime Minister Narendra Modi shakes hands with former U.S. President Donald Trump before a meeting at Hyderabad House in New Delhi on February 25, 2020. Mandel Ngan | Afp | Getty Images This report is from this week’s CNBC’s “Inside India” newsletter which brings you timely, insightful news and market commentary on the emerging […]
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China’s stimulus plans are choking the profitability of its megabanks, analysts say
A man on a mobile phone walks past a Bank of China Ltd. branch in Guangzhou, Guangdong Province, China, on Thursday, March 27, 2014. Brent Lewin | Bloomberg | Getty Images China’s largest state-owned banks are likely to see their record low profit margins decline even further as Beijing’s broader stimulus package comes into play, […]
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CNBC Daily Open: Powell emphasizes that elections won’t sway Fed’s policy
Federal Reserve Chair Jerome Powell speaks during a press conference following the November 6-7, 2024, Federal Open Market Committee meeting at William McChesney Martin Jr. Federal Reserve Board Building, in Washington, DC, November 7, 2024. Andrew Caballero-Reynolds | AFP | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC […]
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