Month: November 2024
Samsung Electronics makes key leadership changes with focus on chip divisions; shares drop
Customers shop at a Samsung mobile store inside a shopping mall in New Delhi. Reuters | Anindito Mukherjee Samsung Electronics on Wednesday announced changes in the leadership of its memory and foundry chip divisions, as the company faces intense competition in the semiconductor space. The South Korean tech giant appointed Jun Young-hyun as co-CEO and […]
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Trump selects Jamieson Greer as U.S. trade representative
U.S. President-elect Donald Trump speaks during a meeting with House Republicans at the Hyatt Regency hotel in Washington, D.C., on Nov. 13, 2024. Allison Robbert | Via Reuters U.S. President-elect Donald Trump tapped attorney Jamieson Greer on Tuesday to serve as the U.S. Trade Representative, a pick that will play an important role in the Republican’s agenda […]
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New Zealand expectedly cuts benchmark rate by 50 basis points as economy struggles
A general view of the city skyline on November 09, 2023 in Auckland, New Zealand. Fiona Goodall | Getty Images New Zealand’s central bank expectedly slashed its benchmark interest rate by 50 basis points on Wednesday, marking a third straight cut, as the country strives to boost its struggling economy. The Reserve Bank of New […]
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Donald Trump selects Kevin Hassett to lead National Economic Council
Key Points President-elect Donald Trump picked Kevin Hassett to lead the National Economic Council. The move brings Trump closer to rounding out his economic team, with U.S. trade representative being the last of the key positions left. Trump made the announcement in a post on Truth Social. Source
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China’s industrial profits fall by 10% in October as deflation worries linger
A large number of machinery and vehicles are ready for shipment at the dock of the Oriental Port Branch of Lianyungang Port in Lianyungang, China, on September 27, 2024. Costfoto | Nurphoto | Getty Images China’s industrial profits dropped by 10% in October from a year ago, in another sign that Beijing’s stimulus measures have […]
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CNBC Daily Open: A new day, a new Trump policy for markets to digest
U.S. President-elect Donald Trump and Sen. Ted Cruz (R-TX) attend the launch of the sixth test flight of the SpaceX Starship rocket on November 19, 2024 in Brownsville, Texas. Brandon Bell | Getty Images News | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors […]
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Asia markets to open mixed even as Wall Street notches fresh records
The full moon, otherwise known as a strawberry supermoon, is seen over the Skyline of the CBD in Sydney, Australia June 15, 2022. Steven Saphore | Anadolu Agency | Getty Images Asia-Pacific markets opened mixed on Wednesday, following gains on Wall Street that saw the S&P 500 and the Dow Jones Industrial Average reach new intraday and closing records. […]
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‘Cargojet is expensive’: Short seller bets against Canada’s largest cargo airline
A London-based hedge fund is betting against Cargojet , Canada’s largest cargo airline, citing concerns about the company’s aging fleet, accounting practices, and leadership style. Edgar Allen, founder and chief investment officer of High Ground Investment Management, revealed his firm’s bearish stance on Cargojet during the Sohn investment conference on Nov. 20. The Ontario-based air […]
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Priceline CEO Brett Keller says U.S. seeing ‘good healthy travel trends’ through the holidays
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Closing Bell: Overtime Brett Keller, Priceline CEO, joins ‘Closing Bell Overtime’ to talk what to expect out of holiday travel this year. 03:23 2 minutes ago Source
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Stocks making the biggest moves after hours: Dell Technologies, Autodesk, Workday and more
Check out the companies making headlines in after-hours trading. Ambarella – Shares of the semiconductor design company soared 20% on the back of a rosy outlook. Ambarella is calling for fourth-quarter revenue of $76 million to $80 million, while analysts polled by LSEG anticipated $69 million. Third-quarter adjusted earnings and revenue also topped the Street’s […]
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