World
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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Shein suppliers work 75-hour weeks, report claims as Chinese fast-fashion giant looks to IPO
Workers make clothes at a garment factory that supplies SHEIN, a cross-border fast fashion e-commerce company in Guangzhou, in China’s southern Guangdong province on July 18, 2022. Jade Gao | Afp | Getty Images As fast-fashion giant Shein prepares for an IPO in the U.S., a new report suggests that workers at some of its suppliers are […]
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China’s Shenzhen metropolis sees fastest growth in millionaires globally
Shenzhen city skyline. Photographer is my life. | Getty Images China’s Shenzhen has recorded the fastest growth in millionaires over the past decade, and is poised to see a further influx in the coming years, according to a recent report. Shenzhen recorded 140% growth in millionaire count, according to the report from New World Wealth […]
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Four dead in New Caledonia riots as France declares state of emergency
French Gendarmerie stand with their shields at the entrance of the Vallee-du-Tir district, in Noumea on May 14, 2024, amid protests linked to a constitutional bill aimed at enlarging the electorate for upcoming elections of the overseas French territory of New Caledonia. Theo Rouby | Afp | Getty Images France declared a state of emergency […]
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Asia markets rise after Wall Street soars on soft inflation data; Japan GDP shrinks
A man looks at an electronic quotation board displaying stock prices on the Tokyo Stock Exchange in Tokyo on August 2, 2022. Kazuhiro Nogi | AFP | Getty Images Asia-Pacific stocks rose Thursday after Wall Street benchmarks closed at record highs on soft inflation data, while investors assessed Japan GDP data. U.S. consumer price index […]
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Citi names one under-the-radar stock to buy on an AI opportunity, giving it 22% upside
Citi recently named one under-the-radar company to buy on a “data and AI opportunity.” That’s U.S.-listed ExlService Holdings , an analytics and digital solutions company. “With AI, EXLS views its differentiation and opportunity in its ability to combine domain, data, and AI expertise to embed AI into client workflows and fine-tune models to get higher […]
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Many Indian stocks are in a ‘bubble,’ investor says, revealing the stock he just sold
India’s mid-cap stocks are in a “bubble” despite the country’s promising economic prospects, according to contrarian fund manager Jonathan Pines. Pines, who runs Federated Hermes’ $3.1 billion Asia ex-Japan fund , believes there is a disconnect between the nation’s growth potential and current stock market valuations. “If you were a top-down investor, India looks amazing […]
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