Year: 2025
Saudi Arabia vows to be ‘fast and furious’ in mining as it reveals $100 billion investment
Saudi Energy Minister Abdulaziz bin Salman speaks during the annual Future Investment Initiative (FII) conference in Riyadh on October 29, 2024. Fayez Nureldine | Afp | Getty Images RIYADH, Saudi Arabia — Saudi Arabia is pushing ahead to put itself on the global critical minerals map, announcing a number of deals, investment plans and discoveries […]
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Stocks making the biggest moves midday: IonQ, Wells Fargo, Citigroup and more
Check out the companies making headlines in midday trading. Quantum stocks – Quantum computing stocks gained after Microsoft unveiled its quantum-ready plan aimed at preparing businesses for the rise of quantum computers. Nvidia also announced a quantum day at its annual GTC conference. Rigetti Computing rallied more than 18%, while D-Wave Quantum surged nearly 20%. […]
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TikTok’s U.S. operations could be worth as much as $50 billion if ByteDance decides to sell
Jakub Porzycki | Nurphoto | Getty Images Business moguls like Elon Musk should be prepared to spend tens of billions of dollars for TikTok’s U.S. operations should parent company ByteDance decide to sell. TikTok is staring at a potential ban in the U.S. if the Supreme Court decides to uphold a national security law in […]
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Here’s the inflation breakdown for December 2024 — in one chart
Key Points The consumer price index, an inflation gauge, rose 2.9% on an annual basis in December. That’s up from 2.7% in November. Energy, food, new and used vehicles, car insurance and airline fares were among the contributors to the increase. There was some good news: “Core” CPI saw disinflation, as did shelter prices. Source
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How to know if this market comeback is for real, according to the charts
A major stock market theme in December was sub-par market internals. In fact, more S & P 500 stocks declined vs. advanced every session of the first 14 trading days of the month. That’s an extremely long bearish streak. Despite that, the behemoth growth names continued to advance. And given that the S & P 500 […]
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Israel-Hamas agree to ceasefire and hostage deal, NBC News says
Palestinians gather on the rubble of a house destroyed in an Israeli strike at the Nuseirat refugee camp in the central Gaza Strip on November 12, 2024, amid the ongoing war between Israel and Hamas. Majdi Fathi | Nurphoto | Getty Images A ceasefire and hostage deal between Israel and Hamas has been reached, NBC […]
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UK borrowing costs plunge, heading for first daily decline in 2025 as inflation fears ease
LONDON — U.K. borrowing costs fell sharply on Wednesday, following the release of lower-than-expected consumer inflation prints both at home and in the U.S. The yield on 10-year U.K. government bonds was 16 basis points lower at 4.727% at 4 p.m. in London, putting it on course for its first daily decline since Dec. 31. […]
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Bitcoin approaches $100,000 again as a cool inflation reading fuels risk appetite
Mustafa Ciftci | Anadolu via Getty Images Bitcoin extended its rebound on Wednesday, hovering just below $100,000 after another encouraging inflation report fueled investors’ risk appetite. The price of the flagship cryptocurrency was last higher by more than 3% at $99,444.43, bringing its 2-day gain to about 7%, according to Coin Metrics. The CoinDesk 20 […]
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DoubleLine’s Gundlach says the Fed looks like Mr. Magoo, focuses too much on ‘short-termism’
Jeffrey Gundlach speaking at the 2019 SOHN Conference in New York on May 5, 2019. Adam Jeffery | CNBC DoubleLine Capital CEO Jeffrey Gundlach believes the Federal Reserve is missing the bigger picture again. “The Fed looks like Mr. Magoo, driving around, bumping into things. Then became systematic, got inflation to come down,” Gundlach said in an […]
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There’s been a ‘meaningful shift’ in CEO confidence since Trump’s election, says Goldman’s Solomon
Key Points “There has been a meaningful shift in CEO confidence, particularly following the results of the U.S. election,” Goldman Sachs CEO David Solomon said, according to a transcript from FactSet. Donald Trump, who is set to return to the White House on Monday, is seen as broadly more business-friendly than outgoing President Joe Biden. […]
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