Month: December 2024
European markets mixed as traders await U.S. inflation data; Zara owner Inditex down 5%
Adidas shares dip after authorities raid German headquarters Shares of Adidas traded as much as 1.5% lower on Wednesday after authorities raided the sportswear firm’s German headquarters in connection with a years-long tax investigation. The stock price, which is up nearly 30% year-to-date, was last seen trading off by around 0.5%. Stock Chart IconStock chart […]
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European Central Bank heads for last rate cut of year — but jumbo move seems off the table
The European Central Bank is heading for its final interest rate cut of the year on Thursday — and while the institution is expected to stick to a quarter rather than half-percentage-point trim, economists forecast that a faster pace of monetary loosening lies ahead. It will still be a crucial meeting to set guidance for […]
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CNBC Daily Open: Can quantum computing be used in the real world?
A researcher introduces the superconducting quantum computing chips developed by Zhejiang University in Hangzhou in east Chinas Zhejiang province Friday, Dec. 17, 2021. Future Publishing | 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 […]
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Auto giants endured a torrid time of it this year — and few expect 2025 to be much better
An employee of the Volkswagen plant in Zwickau stands next to the VW logo on the factory premises during an information event organised by the Works Council of Volkswagen Saxony in Zwickau, eastern Germany, on October 28, 2024. Jens Schlueter | Afp | Getty Images A perfect storm of challenges for the European automobile industry […]
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China’s monetary shift signals economic worries, but ‘bazooka-style’ stimulus is unlikely, experts say
The People’s Bank of China (PBOC) building in Beijing, China, on Tuesday, April 18, 2023. Bloomberg | Getty Images Chinese top leadership surprised the market Monday by signaling a shift in its monetary policy stance after 14 years, indicating the economic challenges facing the country are quite entrenched, yet an outsized stimulus is unlikely, according […]
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Yellen discusses South Korean political crisis with country’s finance minister
Treasury Secretary Janet Yellen speaks at the Council on Foreign Relations in New York City, U.S., October 17, 2024. Andrew Kelly | Reuters U.S. Treasury Secretary Janet Yellen spoke to South Korean Finance Minister Choi Sang-mok on Tuesday and discussed South Korea’s political turmoil following President Yoon Suk Yeol’s attempt last week to impose martial law. Yellen “expressed appreciation for the close […]
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South Korea’s ex-defense minister attempts suicide, police raid presidential office
A protester holding a cardboard reading “Leader of insurgents” on an image depicting the face of South Korea’s President Yoon Suk Yeol takes part in a protest calling for his ouster outside the National Assembly in Seoul on December 8, 2024. Philip Fong | Afp | Getty Images The fallout from South Korean President Yoon […]
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Asia-Pacific markets open mostly higher as investors await key policy meeting in China
BEIJING, CHINA – SEPTEMBER 04: Buildings and vehicles are seen in the central business district during the rush hour on September 4, 2020 in Beijing, China. Zhang Qiao | Visual China Group | Getty Images Asia-Pacific markets opened mostly higher Wednesday, breaking ranks with major Wall Street benchmarks that declined ahead of key inflation data […]
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Stock futures are little changed as investors brace for key inflation data: Live updates
Traders work on the floor at the New York Stock Exchange on Dec. 10, 2024. Brendan McDermid | Reuters Stock futures are near flat Tuesday night as investors gear up for incoming inflation data. Dow Jones Industrial Average futures rose 18 points, sitting near the flatline. S&P 500 futures and Nasdaq 100 futures ticked higher […]
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What’s behind Siemens Energy’s 300% rise this year — and what’s next?
Spun off from its parent company during the Covid-19 pandemic, Siemens Energy has been on a roller coaster over the past 18 months — from a near-death drop to a dizzying climb of over 310% this year. Yet, despite the gains, investors and analysts say the shares are set to rise further still. The big […]
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