World
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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China’s Baidu beats quarterly revenue estimates on ad recovery, cloud
ZHEJIANG, CHINA – MARCH 16 2023: A view of the logo of ERNIE Bot, an AI chatbot service developed by Chinese search engine Baidu, March 16, 2023. Long Wei | Future Publishing | Getty Images China’s Baidu beat analysts’ estimates for first-quarter revenue on Thursday, driven by a recovery in advertising sales and higher demand […]
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Microsoft offers relocation to hundreds of China-based AI staff amid U.S.-China tech tensions
A man walks past Microsoft’s local headquarters in Beijing on July 20, 2021. Noel Celis | Afp | Getty Images Microsoft has reportedly asked China-based cloud computing and artificial intelligence operations employees to consider relocating out of the country, as Washington cracks down on Beijing’s access to the advanced technology. The Wall Street Journal broke […]
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Ukraine war live updates: Putin heaps praise on Xi while in China; Russia says forces advancing ‘in all directions’ in Ukraine
Putin heaps praise on Xi, China at start of state visit Russian President Vladimir Putin heaped praise on his Chinese counterpart Xi Jinping during a two-day state visit to China. After the two leaders and their delegations held around 45 minutes of talks, Putin said at a press conference that discussions had been “warm and […]
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Taylor Swift’s Eras Tour could give the UK economy a $1.2 billion boost
Taylor Swift performs during The Eras Tour at the National Stadium in Singapore on March 2, 2024. Ashok Kumar | Getty Images Entertainment | Getty Images Taylor Swift’s Eras Tour is set to provide a £997 million ($1.2 billion) boost to the U.K. economy, according to Barclays, which predicts fans will spend an average £848 […]
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CNBC Daily Open: Wall Street hits record, ‘Thee rate cuts’
The Charging Bull is seen on an empty Wall Street on April 20, 2020 in New York City. Eduardo MunozAlvarez | View Press | Getty Images This report is from today’s CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter […]
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Stock futures edge higher after S&P 500 closes above 5,300 for the first time: Live updates
Traders walk the floor during morning trading at the New York Stock Exchange (NYSE) on May 14, 2024 in New York City. Spencer Platt | Getty Images Stock futures ticked higher Thursday after a lighter-than-expected inflation reading propelled the major averages to record highs. Futures tied to the Dow Jones Industrial Average added 65 points, […]
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As Putin and Xi meet, the power dynamics between Russia and China keep the West guessing
China’s President Xi Jinping and Russia’s President Vladimir Putin attend the opening ceremony of the third Belt and Road Forum for International Cooperation at the Great Hall of the People in Beijing on Oct. 18, 2023. Pedro Pardo | Afp | Getty Images Russia’s close relationship with superpower China is under close scrutiny as Russian […]
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