Month: October 2025
European markets close higher after major earnings reports; Gucci-owner Kering surges almost 9%
A Futures-options trader works on the floor at the American Stock Exchange (AMEX) at the New York Stock Exchange (NYSE) in New York City, U.S., October 17, 2025. Brendan McDermid | Reuters LONDON — European stocks ended Thursday in positive territory as investors looked to earnings reports for clues on business activity and confidence in […]
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Trump pardons convicted Binance founder Changpeng Zhao
Changpeng Zhao, former chief executive officer of Binance, arrives at federal court in Seattle, Washington, US, on Tuesday, April 30, 2024. David Ryder | Bloomberg | Getty Images President Donald Trump has pardoned Binance founder Changpeng Zhao, who had previously pleaded guilty to enabling money laundering while heading the cryptocurrency exchange, the White House said […]
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CrowdStrike CEO blasts ‘AI is killing software’ narrative, says one can’t exist without the other
CrowdStrike CEO George Kurtz pushed back on the narrative that artificial intelligence makes cloud-based software obsolete. “I don’t really buy that,” Kurtz told CNBC’s Jim Cramer on ” Squawk on the Street ” on Thursday morning. “I think you need software in order to be able to protect AI. They’re interrelated. It’s not like you […]
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Super Micro shares fall 6% on weak preliminary results
Charles Liang, CEO of Super Micro, speaks at the Computex conference in Taipei, Taiwan, on June 1, 2023. Walid Berrazeg | Sopa Images | Lightrocket | Getty Images Super Micro Computer shares fell 6% on Thursday after the company released weak preliminary results for its fiscal first quarter of 2026. The server maker said it […]
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Most potential homebuyers expect mortgage rates to drop. That’s why they’re waiting
The majority of would-be homebuyers expect mortgage rates to continue their recent decline, and it’s one of the main reasons why they’re waiting to make a purchase, according to the findings of a new CNBC Housing Market Survey. Rates have been creeping down over the last few months and are hovering around the lowest level […]
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Rivian plans to lay off more than 600 workers
A Rivian R1S electric vehicle (EV) at a dealership and service center in San Francisco, California, US, on Tuesday, June 3, 2025. David Paul Morris | Bloomberg | Getty Images DETROIT – Rivian Automotive reportedly plans to lay off more than 600 people as the all-electric vehicle maker faces growing market challenges. The Wall Street […]
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Trump didn’t like the EU before. Now, Russia might be pushing them closer
European Commission President Ursula von der Leyen speaks, while sat with U.S. President Donald Trump, after the announcement of a trade deal between the U.S. and EU, in Turnberry, Scotland, Britain, July 27, 2025. Evelyn Hockstein | Reuters Relations between the U.S. and European Union have been thorny this year with differences over how to […]
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Lower mortgage rates push home sales higher in September, but prices still stubbornly high
An ‘Open House’ sign is posted near a single family home for sale on Aug. 22, 2025 in Pasadena, California. Mario Tama | Getty Images Sales of previously owned homes rose 1.5% in September from August to a seasonally adjusted, annualized rate of 4.06 million units, according to the National Association of Realtors. That is […]
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China to bolster consumption, tech development as U.S. tensions simmer
Key Points China on Thursday wrapped up a four-day meeting that laid out broad development priorities for the next five years. Analysts noted a significant change in Beijing’s emphasis on consumption, while adhering to plans for boosting tech self-reliance and manufacturing. The gathering comes as tensions between China and the U.S. have escalated. Source
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American Airlines hires industry veteran to lead commercial team as profits trail rivals
An American Airlines plane lands at the Miami International Airport on July 24, 2025 in Miami, Florida. Joe Raedle | Getty Images American Airlines has hired nearly three-decade industry veteran Nat Pieper to be its new commercial chief as the carrier’s profits trail rivals Delta and United. American ousted its former chief commercial officer, Vasu […]
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