Month: November 2024
CNBC Daily Open: Expectations can be an irrational thing. Just look at Nvidia
Nvidia Corp. signage outside the companys headquarters in Santa Clara, California, US, on Tuesday, Nov. 19, 2024. David Paul Morris | 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 […]
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The founder of the biggest gold ETF is still bullish 20 years later
The founder of the first gold-tracking ETF is still bullish on the commodity two decades later. “Things are looking good for the rest of this year and for next year,” George Milling-Stanley told CNBC’s “ETF Edge” this week. The State Street chief gold strategist highlighted demand from both central banks and individual investors in emerging […]
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In forgotten parts of Singapore’s iconic Orchard Road shopping street, a new era is taking shape
The Far East Shopping Center on Orchard Road in Singapore, on Thursday, April 11, 2024. Bloomberg | Bloomberg | Getty Images The Far East Shopping Center along Singapore’s Orchard Road has seen better days. Despite being five minutes’ walk from the Orchard MRT station, one of Singapore’s busiest subway stations, the 42-year-old mall suffers from very […]
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CNBC’s Inside India newsletter: Gautam Adani’s U.S. fraud charges could have wider repercussions for India
This report is from this week’s CNBC’s “Inside India” newsletter which brings you timely, insightful news and market commentary on the emerging powerhouse and the big businesses behind its meteoric rise. Like what you see? You can subscribe here. The head of a $25 billion Indian energy company, the former CEO of a New York-listed energy […]
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Intuit shares drop as quarterly forecast misses estimates due to revenue getting delayed
Intuit CEO Sasan Goodarzi speaks at the opening night of the Intuit Dome in Los Angeles on Aug. 15, 2024. Rodin Eckenroth | Filmmagic | Getty Images Intuit shares fell 6% in extended trading on Thursday after the finance software maker issued a revenue forecast for the current quarter that trailed analysts’ estimates due to […]
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Gap raises guidance ahead of holidays after storms, warm weather slowed sales
Hurricanes and unseasonably warm weather hit sales at Gap during its fiscal third quarter, but the apparel company still posted better than expected results, leading it to raise its annual guidance for a third time this year. Gap, which runs Old Navy, Banana Republic, Athleta and its namesake banner, is now expecting fiscal 2024 sales […]
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Citadel’s Ken Griffin says Trump’s tariffs could lead to crony capitalism
Ken Griffin, chief executive officer and founder of Citadel Advisors LLC, speaks during an Economic Club of New York event in New York, US, on Thursday, Nov. 21, 2024. Yuki Iwamura | Bloomberg | Getty Images Citadel CEO Ken Griffin issued a warning against the steep tariffs President-elect Donald Trump vowed to implement, saying crony […]
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Former New York cop pleads guilty to foreign exchange fund fraud conspiracy
U.S. Attorney for the Eastern District of New York, Breon Peace, speaks during a news conference in Brooklyn, New York, U.S., October 22, 2024. Brendan Mcdermid | Reuters Former New York City police officer Jason Rodriguez pleaded guilty to conspiracy to commit wire fraud related to his role as the chief operating officer of a […]
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Bluesky CEO Jay Graber says X rival is ‘billionaire proof’
Bluesky has surged in popularity since the presidential election earlier this month, suddenly becoming a competitor to Elon Musk’s X and Meta’s Threads. But CEO Jay Graber has some cautionary words for potential acquirers: Bluesky is “billionaire proof.” In an interview on Thursday with CNBC’s “Money Movers,” Graber said Bluesky’s open design is intended to […]
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Troubling signs under the hood: Charts point to possible market selloff around corner
While the S & P 500 and Nasdaq 100 have both pushed to new all-time highs in November, market breadth indicators have mostly not confirmed those recent highs. While the trends for the major equity averages remain undeniably positive, the lack of breadth support suggests a painful reversal may be just around the corner. This […]
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