World
China’s central bank tells commercial lenders to start cutting rates on existing mortgages
The central bank of the People’s Republic of China is responsible for formulating and implementing monetary policies, preventing and defusing financial risks and maintaining financial stability. Peng Song | Moment | Getty Images The People’s Bank of China on Sunday told commercial banks to start lowering interest rates on all existing housing loans, in a […]
Read More
More than 13,000 immigrants convicted of homicide here or abroad are living freely in the U.S., ICE says
Special agents from Immigration and Customs Enforcement (ICE) question a man while his vehicle is searched after he was stopped heading into Mexico at the Hidalgo border crossing. Getty Images More than 13,000 immigrants convicted of homicide — either in the United States or abroad — are living freely in the U.S., outside of Immigration and […]
Read More
Hezbollah leader Hassan Nasrallah killed in strike, Israeli army says
A portrait of Hezbollah chief Hassan Nasrallah sits amid destruction in a area targeted overnight by Israeli airstrikes in Saksakiyeh on September 26, 2024. Mahmoud Zayyat | Afp | Getty Images The Israeli army on Saturday officially announced the killing of Hezbollah’s leader Hassan Nasrallah, one day after carrying out a large-scale attack on Lebanon. […]
Read More
Austrian far right pledges to win Sunday’s election as tight race winds up
Austrian Chancellor and Head of the Austrian People’s Party (OeVP) Karl Nehammer (L) and chairman and top candidate of the Freedom Party of Austria (FPOe) Herbert Kickl (R) meet during their pre-election tv debate hosted by Austrian state network ORF in Vienna, Austria on September 23, 2024. Joe Klamar | Afp | Getty Images The […]
Read More
Israel strikes Beirut suburb, Nasrallah’s fate unclear after Friday’s massive attack
Residents check the damaged in the aftermath of overnight Israeli bombardment in Beirut’s southern suburbs, on September 28, 2024. Anwar Amro | Afp | Getty Images Israel launched airstrikes on Beirut’s southern suburbs and other areas of Lebanon on Saturday, a day after carrying out a massive attack on Hezbollah’s headquarters that appeared to be […]
Read More
Elon Musk’s X will be allowed back online in Brazil after paying one more fine
The Federal Supreme Court (STF) in Brazil suspends Elon Musk’s social network after it fails to comply with orders from Minister Alexandre de Moraes to block accounts of those being investigated by the Brazilian justice system. Cris Faga | Nurphoto | Getty Images X has to pay one last fine before the social network owned […]
Read More
OpenAI sees roughly $5 billion loss this year on $3.7 billion in revenue
Sam Altman, CEO of OpenAI, at the Hope Global Forums annual meeting in Atlanta on Dec. 11, 2023. Dustin Chambers | Bloomberg | Getty Images OpenAI, the creator of ChatGPT, expects about $5 billion in losses on $3.7 billion in revenue this year, CNBC has confirmed. The company generated $300 million in revenue last month, […]
Read More
Volkswagen cuts 2024 outlook as car demand falters
A VW Golf GTI stands in a parking lot within sight of the brand tower on the grounds of the VW plant in Wolfsburg, Germany. Julian Stratenschulte| Picture Alliance | Getty Images Volkswagen cut its annual outlook for the second time in less than three months on Friday, citing a weaker-than-expected performance at its passenger car division as […]
Read More
Morgan Stanley’s shopping list for commodity stocks to get a boost from China stimulus
These commodity stocks could win big as China moves to boost its struggling real estate sector and economy, according to Morgan Stanley. The picks from the investment firm come after China’s central bank laid out plans to support a lagging housing market and said it would slash the amount of cash needed on reserve for […]
Read More
Trump calls for prosecution of Google over search results he says favor Harris
Republican presidential nominee and former U.S. President Donald Trump speaks to the press at Trump Tower in New York City, U.S., September 26, 2024. REUTERS/David Dee Delgado David Dee Delgado | Reuters Donald Trump on Friday called for Google to be criminally prosecuted for what the Republican presidential nominee called the company’s bias toward his […]
Read More