Month: November 2024
European markets rise as traders gear up for U.S. election; Burberry shares rise 4.8%
European markets were higher on Monday after a lacklustre start to the day with all eyes on the U.S. presidential election due to take place on Tuesday. The pan-European Stoxx 600 was last 0.26% higher at 10:06 a.m. London time, with regional bourses and sectors widely trading higher. Oil and gas, autos and bank stocks […]
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European leaders breathe a sigh of relief as pro-EU candidate wins Moldova election
Moldova’s President Maia Sandu in 2020 in central Chisinau. Bogdan Tudor | Afp | Getty Images European leaders congratulated pro-Western incumbent Maia Sandu on winning a runoff vote in Moldova’s presidential election over the weekend, with the result seen as further step on the former Soviet republic’s road to integration with the bloc. The second […]
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Next U.S. president shouldn’t surrender America’s energy dominance, TotalEnergies CEO warns
Whoever wins the 2024 U.S. election should work to preserve America’s energy dominance rather than risk losing it, TotalEnergies CEO Patrick Pouyanne told CNBC on Monday. The U.S. is the world’s largest oil producer, accounting for 22% of the global total, according to the Energy Information Administration, with Saudi Arabia next, producing 11%. The vast […]
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China’s Singles Day shopping festival is more than halfway over. Here’s how consumers are spending
Employees package and sort express parcels at an e-commerce company on Nov. 1, 2024, around the Double 11 Shopping Festival in Lianyungang, Jiangsu Province of China. Vcg | Visual China Group | Getty Images BEIJING — Early indicators of China’s biggest shopping event of the year reveal a pickup in select categories amid expectations of […]
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From nuclear to quantum computing, how Big Tech intends to power AI’s insatiable thirst for energy
Industrial chiller at Yotta Data Services Pvt. data center, in Navi Mumbai, India, on Thursday, Mar. 14, 2024. Bloomberg | Bloomberg | Getty Images A huge upswing in the number of data centers worldwide shows no signs of slowing down, prompting Big Tech to consider how best to power the artificial intelligence revolution. Some of […]
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CNBC Daily Open: Eve of Election Day
Voters walk to cast their ballots during early voting in the presidential election at a polling station at the C. Blythe Andrews, Jr. Public Library in Tampa, Florida, U.S., November 1, 2024. Octavio Jones | Reuters This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to […]
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Foreign buyers eye Japan’s empty houses with millions available for cheap — but experts warn of risks
There are 9 million “akiyas” — empty houses — across Japan, according to official government data as of 2023. You2u | Istock | Getty Images Buying a home can feel like an impossible feat as large parts of the world face a housing shortage. This is not the case with Japan though, which is dealing […]
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India central bank well-equipped for post-U.S. election volatility, Reuters reports
A sign for the Reserve Bank of India (RBI) sign is displayed inside central bank’s headquarters in Mumbai, India. Dhiraj Singh | Bloomberg | Getty Images India’s central bank is well-equipped to deal with a potential sudden outflow of foreign funds and any steep fall in the rupee if Republican candidate Donald Trump wins next week’s U.S. presidential election, two sources familiar with […]
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Want to invest in China’s hot EV market? The pros share their take
China’s hot electric vehicle market has been gaining investor interest, and one analyst sees potential for the sector to grow further. “China’s EV market is the largest in the world and also delivers fast growth,” Vincent Sun, senior equity analyst at Morningstar said. Sun — who spoke to CNBC Pro on Nov. 1 — remains […]
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CNBC Daily Open: One day more to elections
Voters walk to cast their ballots during early voting in the presidential election at a polling station at the C. Blythe Andrews, Jr. Public Library in Tampa, Florida, U.S., November 1, 2024. Octavio Jones | Reuters This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to […]
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