Month: November 2024
GM’s newest EV is a Cadillac ‘baby Escalade’ called Vistiq
2026 Cadillac Vistiq EV GM DETROIT — General Motors‘ newest all-electric vehicle is a three-row SUV for its Cadillac luxury line, which the brand is dubbing a “baby Escalade.” The 2026 Cadillac Vistiq will be the last in a lineup of new EVs in the brand’s portfolio when it goes into production and arrives in dealer […]
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Apple won’t launch a smart ring, says Oura CEO: ‘It’s hard to do’
The Oura Ring 4. Courtesy: Oura LISBON — Apple will not introduce a smart ring, the CEO of health-tech firm Oura told CNBC, despite speculation the iPhone giant may be considering a move into this product category. Samsung’s smart ring debut earlier this year has put the product firmly in the spotlight, with one analyst […]
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‘The market is right’: Former Fed policymaker Mester sees fewer rate cuts next year after Trump’s victory
Federal Reserve chair Jerome Powell speaks during a news conference on Sept.18, 2024 in Washington, DC. Anna Moneymaker | Getty The U.S. Federal Reserve could carry out fewer interest rate cuts than previously expected next year should President-elect Donald Trump’s proposed global tariffs take hold, former Fed policymaker Loretta Mester said Tuesday. Mester indicated that […]
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Germany sets early election date for February after collapse of the ruling coalition
German Chancellor Olaf Scholz attends a session of the Bundestag in which new Finance Minister Joerg Kukies was sworn in the day after Scholz fired previous Finance Minister Christian Lindner on November 7, 2024 in Berlin, Germany. Sean Gallup | Getty Images Germany is set to hold a federal election in February, earlier than Chancellor […]
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Home Depot’s sales are improving, but it says consumers are still cautious about spending
Home Depot‘s quarterly sales rose more than 6% year over year, as it folded in a newly acquired business and hurricane-related repairs and better weather in many parts of the country boosted demand for home improvement supplies, the company said Tuesday. The retailer also raised its full-year outlook to reflect its better-than-expected results. It now […]
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China’s Alibaba releases AI search tool for small businesses in Europe and the Americas
Alibaba International promotes its e-commerce platform for small businesses at the Canton Fair in Guangdong, China, on Oct. 16, 2024. Vcg | Visual China Group | Getty Images BEIJING — Chinese e-commerce giant Alibaba on Tuesday unveiled an artificial intelligence-powered search engine for small businesses in Europe and the Americas to source supplies. It’s an […]
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Oil giant Shell wins appeal against landmark Dutch climate ruling to slash emissions
Oil storage silos beyond waterlogged land at the Shell Plc Pernis refinery in Rotterdam, Netherlands, on Sunday, Feb. 11, 2024. Bloomberg | Bloomberg | Getty Images A Dutch court on Tuesday dismissed a landmark climate ruling against Shell, after the oil giant was ordered to drastically reduce its global carbon emissions back in 2021. The […]
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China’s biggest shopping event of the year exceeds low expectations
Staff sort express deliveries at China Post’s Zaozhuang branch in east China’s Shandong province on November 10, 2024 Nurphoto | Nurphoto | Getty Images BEIJING — China’s Singles’ Day shopping festival saw consumers spend more than expected in what has otherwise been a tepid retail environment, consulting executives told CNBC. The country’s version of Black […]
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SoftBank posts blowout quarterly gains at Vision Fund tech arm
The SoftBank Corp. logo displayed on a glass door of the company’s store in Tokyo, Japan, on Wednesday, May 8, 2024. SoftBank Group Corp. is scheduled to announce its earnings figures on May 13. Photographer: Toru Hanai/Bloomberg via Getty Images Toru Hanai | Bloomberg | Getty Images Japanese giant SoftBank logged a 608.5 billion yen […]
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CNBC Daily Open: Best to stay prudent even in the postelection afterglow
Traders work at the New York Stock Exchange (NYSE), Friday, November 8, 2024. Source: NYSE 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 can subscribe here. What you […]
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