Month: November 2024
EU says Bluesky is violating information disclosure rules
Mario Tama | Getty Images Bluesky, the rapidly growing social media platform, is violating EU regulations by failing to disclose important details, a European Commission spokesperson told reporters during a daily briefing on Monday. “All platforms in the EU even the smallest ones which are below the threshold, which is the case for Bluesky, have to have a […]
Read More
Trump vows an additional 10% tariff on China, 25% tariffs on Canada and Mexico
Key Points President-elect Donald Trump plans to raise tariffs by an additional 10% on all Chinese goods coming into the U.S., according to a post Monday on his social media platform Truth Social. The post immediately followed one in which Trump said his first of “many” executive orders on Jan. 20 would impose tariffs of […]
Read More
CNBC Daily Open: Investors really like Trump’s Treasury secretary pick
Scott Bessent, founder and chief executive officer of Key Square Group LP, during an interview in Washington, DC, US, on Friday, June 7, 2024. Stefani Reynolds | 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 […]
Read More
Video platform Rumble plans to buy up to $20 million in bitcoin in new treasury strategy
Mustafa Ciftci | Anadolu | Getty Images Rumble, a video platform aimed at conservatives, said Monday evening that it will begin allocating a portion of its excess cash reserves to bitcoin and making purchases of up to $20 million in the cryptocurrency. Shares rose more than 2% in extended trading. “We believe that the world […]
Read More
Asia-Pacific markets fall even as U.S. stocks hit new records
The central business district skyline at Marina Bay waterfront on May 10, 2023 in Singapore. Nurphoto | Nurphoto | Getty Images Asia-Pacific markets slid Tuesday, failing to track gains on Wall Street as U.S. benchmarks notched record highs following President-elect Donald Trump’s choice for Treasury secretary. Australia’s S&P/ASX 200 traded 0.28% lower, after hitting a […]
Read More
Banana auction billionaire’s $30 million investment in Trump’s crypto token highlights new ways to enrich president-elect
Justin Sun, founder of blockchain platform Tron, poses for a photograph in Hong Kong, China, on Friday, May 8, 2020. Calvin Sit | Bloomberg | Getty Images Tron blockchain founder Justin Sun has invested $30 million into Donald Trump’s crypto project, World Liberty Financial, he announced Monday. “We are thrilled to invest $30 million in World […]
Read More
Barclays says these global stocks are ripe for share buybacks — and analysts give one 45% upside
European equity markets might look “gloomy” right now, but Barclays noted that one investment strategy has delivered “solid outperformance” over recent months. “Buyback strategies remain a bright spot for Europe, with strong volumes and returns. Amid a gloomy equity market, our buyback announcement basket (BCEUBUYB) has outperformed by 4.6% since Oct,” the investment bank’s strategists […]
Read More
Hedge fund bets on a key oil and gas supply chain stock, saying it could rise over 300%
London-based hedge fund Granular Capital has revealed a renewed interest Borr Drilling , saying the offshore drilling company’s shares could increase by up to 300% or 400%. Granular is the largest shareholder of Borr Drilling, which provides offshore drilling vessels for hire to large companies in the oil and gas industry on a fixed-term basis […]
Read More
Zoom surpasses expectations as it calls for another quarter of single-digit growth
Eric Yuan, founder and CEO of Zoom Video Communications, speaks at Concordia Annual Summit in New York on Sept. 25, 2024. Leigh Vogel | Concordia Summit | Getty Images Zoom shares were flat in extended trading on Monday after the video calling software maker announced strong fiscal third-quarter results and gave guidance in line with […]
Read More
Stocks making the biggest moves after hours: Zoom Communications, Kohl’s, Semtech and more
Check out the companies making headlines after the bell : Zoom Communications — The maker of video calling software inched higher by nearly%. Zoom topped Wall Street quarterly estimates and posted fiscal fourth-quarter adjusted earnings per share guidance that was roughly in line with estimates. The company also said it changed its name to Zoom […]
Read More