Month: December 2024
Adani investor GQG’s shares plunge over 15% after UBS downgrades stock, cuts target price
In this photo illustration, a GQG Partners logo is seen on a smartphone. (Photo Illustration by Pavlo Gonchar/SOPA Images/LightRocket via Getty Images) Pavlo Gonchar | Lightrocket | Getty Images Shares of major Adani Group investor GQG Partners fell as much as 15.74% on Monday after Swiss bank UBS downgraded the stock from a “buy” to […]
Read More
Caixin PMI: China’s November factory growth hits five-month high, beats forecasts
A worker grinds at a workshop of an equipment manufacturing company in Qingzhou Economic Development Zone, East China’s Shandong province, March 31, 2023. CFOTO | Future Publishing | Getty Images China’s manufacturing activity continued to expand among smaller manufacturers in November, signaling that the country’s recent stimulus efforts have already helped to lift certain sectors […]
Read More
CNBC Daily Open: November was a month to remember for stocks
A specialist trader works at his post on the floor at the New York Stock Exchange (NYSE) in New York City. Brendan McDermid | Reuters 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 […]
Read More
President Biden pardons his son Hunter Biden
US President Joe Biden, left, and Hunter Biden, son of US President Joe Biden, right, during the Easter Egg Roll on the South Lawn of the White House in Washington, DC, US, on Monday, April 1, 2024. The First Lady, a teacher for more than 30 years, created this year’s theme of “EGGucation.” Michael Reynolds […]
Read More
Asia-Pacific markets rise as investors await key economic readings from the region
A heavy traffic jam with many cars on the road in Chaoyang district in Beijing, China. Sw Photography | Digitalvision | Getty Images Asia-Pacific markets kick-started a data-heavy week higher, with investors awaiting economic readings from several countries, including Japan, South Korea and China. Over the weekend, China released its official purchasing managers’ index reading […]
Read More
Stock futures are little changed after Dow and S&P 500 notch best months of the year: Live updates
Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., November 29, 2024. Brendan McDermid | Reuters Stock futures are little changed Sunday night as investors looked toward the final month of trading this year. Futures tied to the Dow Jones Industrial Average slipped 45 points, or 0.1%. […]
Read More
An Indian automaker just unveiled 2 EVs priced around $25,000. Analysts say buy the stock
Mahindra & Mahindra , one of India’s largest automakers, last week unveiled two new electric vehicles priced around $25,000, challenging both domestic and international rivals in the growing Indian EV market. The news has led some analysts to turn even more bullish on the stock, with almost 90% of those covering it giving the company […]
Read More
Stellantis CEO Carlos Tavares resigns amid problems in U.S., falling profits
Carlos Tavares, chief executive officer of Stellantis NV, speaks to the media at the Stellantis auto manufacturing plant in Sochaux, France, on Thursday, Oct. 3, 2024. Nathan Laine | Bloomberg | Getty Images DETROIT – Stellantis CEO Carlos Tavares has unexpectedly resigned from the automaker amid increasingly “different views” between the executive and the board […]
Read More
Stellantis CEO Carlos Tavares resigns as carmaker continues to struggle with slumping sales
Stellantis CEO Carlos Tavares (C) answers journalists’ questions after attending a visit of the production line of the new Peugeot e-3008 and e-5008 electric car at the Stellantis car factory in Sochaux, eastern France on October 3, 2024. Frederick Florin | AFP | Getty Images Stellantis CEO Carlos Tavares is stepping down after nearly four […]
Read More
Trump names Massad Boulos, campaign liaison and family relative, as a senior adviser on Middle East
Massad Boulos in Dearborn, Michigan, Friday, Nov. 1, 2024. AP Photo | Julia Demaree Nikhinson President-elect Donald Trump on Sunday named Massad Boulos, a Lebanese American businessman who is the father-in-law of Trump’s daughter Tiffany, as a senior adviser on Arab and Middle Eastern affairs. Boulos arranged Trump campaign efforts to engage the Arab American […]
Read More