World
CNBC Daily Open: With cooler-than-expected PCE, would the Fed’s dot plot have looked different?
A customer, holding a carton of eggs at a supermarket, in United States on Dec. 20, 2024. Secuk Ancar | Anadolu | 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 matter where they are. […]
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How Gen X and millennials are changing the face of the traditional family office as they inherit over $80 trillion
The “Great Wealth Transfer” is in full swing, as over $100 trillion is expected to be transfered from older generations to their heirs through 2048, according to Cerulli Associates. Goodboy Picture Company | E+ | Getty Images As the baton of wealth is inherited by younger generations, the heirs of wealthy families are taking a […]
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’The next Nvidia’: Broadcom is the AI chip stock to own in 2025, investor says
Broadcom is more likely to deliver big gains for investors in 2025 than AI chip leader Nvidia , as major technology companies seek to reduce their dependence on a single supplier, according to fund manager Stephen Yiu. Yiu, portfolio manager of the Blue Whale Growth Fund, said that while Big Tech giants, such as Microsoft […]
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Donald Trump says Vladimir Putin wants a meeting as soon as possible about the war with Ukraine
U.S. President-elect Donald Trump delivers remarks at Mar-a-Lago in Palm Beach, Florida, U.S., December 16, 2024. Brian Snyder | Reuters President-elect Donald Trump said Sunday Russian President Vladimir Putin has expressed his interest in a meeting regarding the war with Ukraine. “President Putin said that he wants to meet with me as soon as possible,” […]
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What Google’s quantum computing breakthrough Willow means for the future of bitcoin and other cryptos
Google’s recent announcement of the arrival of Willow, a quantum chip that has reduced the error tendencies of some of its predecessors, is a milestone in the effort to bring quantum computing into the real world, and in the years ahead, it could change the way we think about the risk in cryptocurrencies. Willow’s speed […]
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Qatar vows to stop EU gas sales if fined under due diligence law, FT reports
Qatar’s Energy Minister and CEO of QatarEnergy Saad Sherida Al Kaabi speaks at a press conference in Doha on Sept. 1, 2024. Karim Jaafar | Afp | Getty Images Qatar will stop shipping gas to the EU if member states strictly enforce a new law cracking down on forced labour and environmental damage, Energy Minister […]
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Behind Amazon’s quiet launch of Haul, which competes with Temu in ultra-low-price items from China
Two weeks before Black Friday, Amazon quietly added a new section to the top of its mobile app. Called Haul, it’s a mobile-only area for ultra-low-price items, primarily shipped directly from China. Haul is Amazon’s answer to the booming popularity of apps such as PDD Holdings‘ Temu and fast-fashion retailer Shein. Amazon told CNBC that […]
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Warren Buffett heads into 2025 with his biggest cash position in more than 30 years
Warren Buffett, who has long favored holding massive amounts of cash, is headed into 2025 with a particularly gigantic war chest at Berkshire Hathaway — in fact the largest cash hoard in 34 years. The Omaha-based conglomerate’s cash level stands at $325 billion — a record high in absolute terms — and now accounts for […]
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German Christmas market attack suspect remanded in custody
Police vans and ambulances stand next to the annual Christmas market in the city center following a possible terror incident on December 20, 2024 in Magdeburg, Germany. Craig Stennett | Getty Images News | Getty Images Taleb al-Abdulmohsen, a 50-year-old Saudi Arabian doctor accused of killing four women and a nine-year-old boy by driving into a Christmas market […]
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Trump taps ‘Apprentice’ producer, Mark Burnett, as special envoy to the United Kingdom
Mark Burnett, the power producer who helped reintroduce Donald Trump to a national television audience with “The Apprentice,” is being tapped by the president-elect as special envoy to the United Kingdom in his upcoming administration. “With a distinguished career in television production and business, Mark brings a unique blend of diplomatic acumen and international recognition […]
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