Year: 2024
Bitcoin falls 9%, dropping below $93,000 as sell-off intensifies
Omer Taha Cetin | Anadolu | Getty Images Bitcoin fell sharply on Friday amid broader investor caution toward risk assets. Bitcoin traded at around $92,808.07 at 6:57 a.m. ET on Friday, down around 9% from 24 hours before where it was priced above $102,000, according to Coin Metrics. The cryptocurrency hit an all-time high above […]
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Russian central bank surprises markets by holding key rate at 21%
MOSCOW, Russia: The Russian central bank has cut its key interest rate by 300 basis points for a third time since its emergency hike in late February, citing cooling inflation and a recovery in the ruble. KIRILL Kudryavtsev | AFP | Getty Images Russia’s central bank on Friday unexpectedly left its key interest rates unchanged […]
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Tesla shares drop 5%, continuing to slide as post-election rally loses steam
Tesla electric vehicles are parked in a parking lot at the Tesla Gigafactory Berlin-Brandenburg plant. Patrick Pleul | Picture Alliance | Getty Images Shares of Tesla continued to slide on Friday, in what appeared to be a case of investors taking profits from the electric car maker’s blistering post-U.S. election rally. As of around 6:30 […]
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German stocks are massively outperforming their European peers. Here’s why
Germany’s stock market is massively outperforming its European peers this year and moving in lockstep with U.S. equities. The main market, the DAX 30 , is up about 19% so far this year, compared with the 5% hike of the European benchmark, the Stoxx 600 . The gains in Germany are closer to performances seen […]
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‘Tariffs all the way’: Trump says European Union must buy U.S. oil and gas in trade ultimatum
U.S. President-elect Donald Trump delivers remarks at Mar-a-Lago in Palm Beach, Florida, U.S., December 16, 2024. Brian Snyder | Reuters U.S. President-elect Donald Trump on Friday told the European Union it must reduce its trade gap with the U.S. through oil and gas purchases or face tariffs. “I told the European Union that they must […]
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CNBC Daily Open: In search of certainty, markets find volatility instead
A television station on the floor of the New York Stock Exchange broadcasts Jerome Powell, chairman of the U.S. Federal Reserve, speaking after a Federal Open Market Committee meeting on Dec. 18, 2024. Michael Nagel | Bloomberg | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open […]
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European markets set for lower open after US spending plan fails
European markets are set to open lower on Friday as investors monitor political turmoil in the U.S. and monetary policy decisions from various major economies. The FTSE 100 is slated to open 110 points lower at 8,088, according to data from IG, with Germany’s DAX to lose around 400 points to19,835, and the French CAC […]
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Reconsider investing in Europe with these ‘very attractively priced’ stocks, fund manager says
Investors should look to the unloved region of Europe for opportunities, according to fund manager Sean Peche, who said there are some “very attractively priced” companies in the region. Europe has fallen out of favor, Ranmore Fund Management’s Peche told CNBC’s Silvia Amaro — and investors have been distracted by Donald Trump’s U.S. election win. “At […]
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Trump transfers all his DJT shares to his revocable trust, SEC filings show
Aytac Unal/ | Anadolu | Getty Images President-elect Donald Trump this week transferred his entire stake of shares in Trump Media to a revocable trust of which he is the sole beneficiary, regulatory filings revealed Thursday evening. Trump did not receive any money for the gift of his 114,750,000 shares of Trump Media to the […]
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An inflation gauge tracked by the Bank of Japan just jumped to a seven-month high
Bags of rice sit stacked high in a supermarket in central Tokyo on November 22, 2024. Richard A. Brooks | Afp | Getty Images An inflation gauge in Japan that is closely watched by the Bank of Japan (BOJ) came in at a seven-month high in November, which could prompt the central bank to raise […]
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