World
Gold eases as dollar gains, Fed rate cut bets lend support
Gold prices inched up on Thursday following a sharp rise in the last session as the dollar and bond yields weakened on the increasing likelihood of rate cuts by the U.S. Federal Reserve as early as September. Picture Alliance | Picture Alliance | Getty Images Gold prices edged lower on Thursday as the dollar rebounded, […]
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Morgan Stanley discloses $270 million investment in Grayscale Bitcoin ETF: CNBC Crypto World
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email CNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what’s ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today’s episode, Tiago Sada, […]
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House passes TICKET Act in an effort to increase transparency in pricing
Fans enjoy Taylor Swift’s performance during The Eras Tour at SoFi Stadium in Inglewood Monday, Aug. 7, 2023. Allen J. Schaben | Los Angeles Times | Getty Images The House passed the Transparency in Charges for Key Events Ticketing Act on Wednesday in an effort to increase price transparency for consumers. The TICKET Act would […]
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Europe stocks close lower as earnings dampen rally following soft U.S. inflation data; BT up 17%
Europe stocks close lower European stock markets closed slightly lower on Thursday, with the Stoxx 600 index falling 0.24%. Major bourses closed in the red, with Germany’s DAX down 0.76%, as France’s CAC 40 and the U.K.’s FTSE 100 retreated by 0.63% and 0.08%, respectively. Stock Chart IconStock chart icon Stoxx 600 index. ECB must […]
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BT shares soar as British broadband provider targets another £3 billion in cost cuts
A BT Group Plc logo on a EE/BT Group Plc store in London, UK, on Wednesday, May 17, 2023. Hollie Adams | Bloomberg | Getty Images LONDON — Shares of BT Group surged Thursday after the company announced a target of a further £3 billion ($3.8 billion) in cost savings. BT shares were up 14.9% […]
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Chinese EV startup Nio is changing its global strategy with U.S., EU tariffs on the horizon
Ai Tiecheng, Senior Vice President of NIO and President of ONVO, speaks during the press conference of ONVO, NIO’s new subsidiary brand, on May 15, 2024 in Shanghai, China. NIO launches its second brand ONVO and its first model L60 on May 15. Vcg | Visual China Group | Getty Images SHANGHAI — Chinese electric […]
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Markets underestimate geopolitical risk as raft of elections looms, ECB’s De Guindos says
Europe’s macroeconomic outlook is brighter — but markets may be underestimating the potential for sudden destabilization due to geopolitics, the vice-president of the European Central Bank said Thursday. “We are talking about the electoral cycle that is going to take place not only in the U.S., but as well in Europe. And simultaneously, we are […]
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Gold, silver and platinum’s red-hot rally still has further to go, strategists say
Gold and silver bars of various sizes lie in a safe on a table at the precious metals dealer Pro Aurum in Munich. Sven Hoppe | Picture Alliance | Getty Images Gold, silver and platinum prices have been on a tear so far this year, and strategists say the precious metals could continue to hit […]
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Siemens shares slide over 5.5% on profit drop, slowing automation division
15 November 2023, Bavaria, Munich: Flags with the word “Siemens” in front of the company’s headquarters. Karl-Josef Hildenbrand | Picture Alliance | Getty Images Shares in German technology giant Siemens fell by over 5% on Thursday after the company posted a decline in earnings in the fiscal second quarter and said its automation division had […]
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U.S. inflation data fuels bets of Fed rate cuts as early as September — but analysts aren’t convinced
Traders appear increasingly confident that the U.S. Federal Reserve could start cutting interest rates as early as September, after inflation data cooled more than expected in April. Some analysts, however, are far from convinced about the prospect of imminent rate reductions. The consumer price index (CPI), a broad measure of how much goods and services […]
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