Month: November 2024
Tech giants are investing in ‘sovereign AI’ to help Europe cut its dependence on the U.S.
LISBON, Portugal — Tech giants are increasingly investing in the development of so-called “sovereign” artificial intelligence models as they seek to boost competitiveness by focusing more on local infrastructure. Data sovereignty refers to the idea that people’s data should be stored on infrastructure within the country or continent they reside in. “Sovereign AI is a relatively new […]
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Trump victory drives gold to near 2-month lows as investors pile into equities, cryptocurrencies
An employee handles one kilogram gold bullions at the YLG Bullion International Co. headquarters in Bangkok, Thailand, on Friday, Dec. 22, 2023. Chalinee Thirasupa | Bloomberg | Getty Images Gold prices extended their decline to a near two-month low Thursday amid risk-on sentiment and as the dollar continues to strengthen following Donald Trump’s election victory […]
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Here’s what to expect when Disney reports before the bell
A statue of Walt Disney and Mickey Mouse stands in a garden in front of Cinderella’s Castle at the Magic Kingdom Park at Walt Disney World on May 31, 2024, in Orlando, Florida. Gary Hershorn | Corbis News | Getty Images Disney will report its fiscal fourth-quarter earnings before the bell on Thursday, and Wall […]
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CNBC Daily Open: Could ‘higher for longer’ make a return?
U.S. Federal Reserve Chair Jerome Powell attends a press conference following a two-day meeting of the Federal Open Market Committee on interest rate policy in Washington, U.S., November 7, 2024. Annabelle Gordon | Reuters This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on […]
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Asia-Pacific markets mixed after U.S. inflation report fuels Fed rate cut expectations
A Sydney ferry passes the Opera House and skyline of the central business district area on May 12, 2020 in Sydney, Australia. James D. Morgan | Getty Images Asia-Pacific markets traded mixed on Thursday after the U.S. October consumer price index reading fueled expectations for the Fed to cuts rates again in December. The CPI […]
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Wealth manager sends ‘bond vigilante’ warning — and reveals his stock picks
As investors mull over how to play the market following the U.S. election result, Sanders Morris’ George Bull reveals what he is looking out for right now. “The postelection rally was frenetic and may have been too much too soon. But, it did show that investors have confidence that the business community and earnings will […]
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This 145-year-old British engineering firm is set to benefit from an onshoring and automation trend — with analysts giving the stock 60% upside
A 145-year-old British industrial company is positioned to capitalize on major trends, including the reshoring of manufacturing and increased defense spending, according to analysts at Shore Capital. London-listed Renold plc , which traces its roots to 1879 and Hans Renold , the inventor of roller chains, is the world’s second-largest industrial chain manufacturer. The company […]
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Stock futures are little changed as postelection rally shows signs of wavering: Live updates
Traders work on the floor at the New York Stock Exchange (NYSE), after Republican Donald Trump won the U.S. presidential election, in New York City, U.S., November 6, 2024. Andrew Kelly | Reuters U.S. stock futures were little changed Wednesday night, as the major averages’ postelection run began to show signs of stalling. Dow Jones […]
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Chinese AI startup takes aim at OpenAI’s Sora with image-to-video tool launch
Key Points Beijing-based Shengshu Technology on Wednesday said that its artificial intelligence-powered text-to-video tool Vidu will now be able to generate videos from images. When prompted with text and images, Vidu’s new AI feature can combine three pictures — such as a shirt, person and moped — into a video of the person wearing the […]
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The trendiest gift to give this season? Travel — if you can figure out how
Forget the headphones, the fuzzy slippers and the espresso machine that cranks out a cold brew. Globally, three out of four Gen Zs and millennials said that rather than a physical gift, they want a fun experience or trip this holiday season, according to an Amex Trendex survey. Gift givers are listening too. Half of […]
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