Month: November 2024
Seven & i shares surge on report its founding family is raising over $50 billion to take the firm private
TOKYO, JAPAN – 2024/10/11: Logo at the Seven & i Holdings headquarters in Tokyo. Sopa Images | Lightrocket | Getty Images Shares of 7-Eleven owner Seven & i soared nearly 11% on Wednesday after a report said the company’s founding family was raising more than $50 billion to take the company private within this fiscal […]
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Trump tariffs to push down U.S. growth ‘a great deal’ going into 2026, Morgan Stanley warns
Prices on displayed in a New York grocery store on Feb. 1, 2023. Leonardo Munoz | Corbis News | Getty Images Donald Trump’s proposed tariffs will dent U.S. economic growth going into 2026, said Morgan Stanley’s chief global economist Seth Carpenter. President-elect Trump has stated that he intends to impose a blanket tariff of 10% […]
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CNBC Daily Open: Anticipation over Nvidia’s earnings overshadows geopolitical risks
Nvidia H100 chips inside a server room at the Yotta Data Services Pvt. data center, in Navi Mumbai, India, on Thursday, March 14, 2024. Dhiraj Singh| 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 […]
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China expectedly keeps benchmark lending rates steady as Beijing assesses stimulus measures
The People’s Bank of China (PBOC) building in Beijing on Dec. 15, 2022. Bloomberg | Getty Images China’s central bank on Wednesday kept major benchmark lending rates unchanged, as Beijing assesses the effects of its recent stimulus measures. The People’s Bank of China said it would keep the 1-year loan prime rate at 3.1%, and […]
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Asia markets open mostly higher as investors assess Japan trade data, await China lending rates
The People’s Bank of China (PBOC) building in Beijing, China, on Friday, Nov. 8, 2024. Bloomberg | Getty Images Asia-Pacific markets opened mostly higher Wednesday, following a mixed day on Wall Street amid mounting geopolitical tensions between Ukraine and Russia. Investors assessed October trade data out of Japan. Export growth came in at 3.1% year […]
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Stock futures are little changed as Wall Street braces for Nvidia’s quarterly results: Live updates
Traders work on the New York Stock Exchange (NYSE) floor on November 12, 2024 in New York City. Spencer Platt | Getty Images Stock futures hovered near the flatline on Tuesday evening, as investors looked toward a key earnings report from tech giant Nvidia. Futures tied to the Dow Jones Industrial Average ticked up by […]
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Comcast will announce the spinoff of cable networks Wednesday, CNBC source says
The Comcast NBC logo is shown on a building in Los Angeles, California, June 13, 2018. Mike Blake | Reuters Comcast is moving forward the spinoff of its cable network channels, a source familiar with the matter told CNBC’s Julia Boorstin on Tuesday. The separation is expected to take about a year, and an announcement […]
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Burberry shares are down 40%. One hedge fund manager says the stock offers ‘good value’ right now
Luxury retailer Burberry ‘s shares present an attractive investment opportunity after the company revealed a new turnaround strategy, according to hedge fund manager David Neuhauser. The London-listed fashion house told investors earlier this month that it will refocus on heritage designs and statement pieces as part of sweeping revamp plans to revive its ailing fortunes. […]
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Visa and Mastercard execs grilled by senators on ‘duopoly,’ high swipe fees
The Senate Judiciary Committee convened on Tuesday for a hearing on the alleged Visa–Mastercard “duopoly,” which committee members from both sides of the aisle say has left retailers and other small businesses with no ability to negotiate interchange fees on credit card transactions. “This is an odd grouping. The most conservative and the most liberal […]
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Stocks making the biggest moves after hours: Keysight Technologies, La-Z-Boy, Dolby Laboratories and more
Check out the companies making headlines in extended trading: Keysight Technologies — Shares added more than 8%. The electronics test and measurement equipment company’s fiscal fourth-quarter results beat analysts’ estimates on the top and bottom lines. Keysight also issued a rosy outlook for the current quarter, anticipating adjusted earnings ranging from $1.65 to $1.71 per […]
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