Month: November 2024
Chevron beats earnings expectations, returns more than $7 billion to shareholders
Chevron beat third-quarter earnings and revenue expectations, returning a record amount of cash to shareholders. The company’s shares were up 2.6% in the premarket following the report’s release. The oil major’s quarterly profit, however, declined substantially compared with the year-ago period due to lower margins on refined product sales, lower prices and the absence of […]
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Google employees pressure costumed execs at all-hands meeting for clarity on cost cuts
Alphabet CEO Sundar Pichai during the Google I/O developers conference in Mountain View, California, on May 10, 2023. David Paul Morris | Bloomberg | Getty Images Alphabet executives, donning Halloween costumes, faced questions from concerned employees at an all-hands meeting on Wednesday, following comments on the company’s earnings call suggesting that more cost cuts are […]
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Thanksgiving box office showdown shows importance of premium screens
Wicked, Gladiator II, and Moana 2 Movie Posters. Sources: Universal (L), Paramount (C) and Disney (R) Three heavyweight Hollywood blockbusters will face off at the box office in November, each vying for audience attention, ticket sales and time on theaters’ biggest screens. Universal‘s “Wicked,” Paramount‘s “Gladiator II” and Disney‘s “Moana 2” arrive in cinemas within […]
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Nasdaq 100 futures rise as investors parse latest tech earnings, await jobs data: Live updates
Traders work on the floor of the New York Stock Exchange. NYSE Nasdaq 100 futures advanced Thursday night as traders analyzed major earnings reports in the runup to the all-important jobs report. Futures tied to the tech-focused index added 0.4%. Dow Jones Industrial Average futures climbed 141 points, or 0.3%. S&P 500 futures ticked up […]
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China’s Zeekr reports EV deliveries in October nearly doubled, clocks its best monthly numbers
ZEEKR EV cars are displayed at the 45th Bangkok International Motor Show in Bangkok, Thailand, March 25, 2024. Chalinee Thirasupa | Reuters Chinese electric carmaker Zeekr said Thursday its deliveries surged by 92% in October from a year ago, helping the company clock its best month at 25,049 vehicles. That beat the prior record of […]
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Higher taxes will make it harder for Britain to build ‘the next Nvidia,’ tech execs say
UK Finance Minister Rachel Reeves makes a speech during the Labour Party Conference that is held at the ACC Liverpool Convention Center in Liverpool, UK on September 23, 2024. Anadolu | Getty Images LONDON — British tech bosses and venture capitalists are questioning whether the country can deliver on its bid to become a global artificial […]
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ASEAN continues to emerge as a winner of U.S.-China trade tensions, IMF says
The Association of Southeast Asian Nations (ASEAN) has continued to emerge as an economic winner of increasing geopolitical tensions between China and the United States, though risks from fragmentation remain, the International Monetary Fund (IMF) says. According to the U.N. agency, the region has long benefited from decades of globalization, building strong trade links with […]
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CNBC Daily Open: Big Tech needs to go beyond beating earnings expectations
A Microsoft store in New York, US, on Friday, Oct. 25, 2024. Jeenah Moon | Bloomberg | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? You […]
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European markets expected to start November in mixed territory as traders await U.S. jobs data
Commuters cross Millennium Bridge in view of skyscrapers on the skyline of the City of London, UK, on Tuesday, Oct. 29, 2024. Bloomberg | Bloomberg | Getty Images European markets are expected to open mixed on Friday, reflecting a tentative start to November as traders react to a flurry of earnings and look ahead to […]
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Bank of Japan likely to stay course with a rate hike in December or January, analysts say
After a messy election, the Bank of Japan decided to hold its benchmark policy rate at 0.25%, as expected. But analysts say that the central bank’s focus on normalizing monetary policy — raising rates — remains unchanged. The BOJ board maintained its three-year inflation projections with minor adjustments, signaling that the economy is progressing in […]
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