World
OPEC+ decision to increase oil supply is a ‘bearish surprise’ for the market, Goldman says
The detailed plan laid out by OPEC+ over the weekend to increase oil production delivered a “bearish surprise” to a market where prices were already under downward pressure, according to Goldman Sachs. Eight OPEC+ members, led by Saudi Arabia and Russia, agreed Sunday to gradually phase out voluntary production cuts totaling 2.2 million barrels per […]
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Ukraine war live updates: Russia fumes at Kyiv inviting neighbors to peace summit; Moscow signals end to foreign adoption of kids
Russia pours scorn on Kyiv for inviting its neighbors to peace summit L-R: Azerbaijan’s President Ilham Aliyev, Turkmenistan President Serdar Berdimuhamedow, Russian President Vladimir Putin, Tajik President Emomali Rahmon and Belarusian President Alexander Lukashenko enter the hall during the Commonwealth of Independent States’ Head of States Meeting at the Ala-Archa State Residence on Oct. 13, […]
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CNBC Daily Open: GameStop can’t stop, Dow drops
A screen displays the logo and trading information for GameStop on the floor of the New York Stock Exchange. Brendan McDermid | Reuters 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. Like […]
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China denies Zelenskyy’s claim that Beijing is trying to disrupt Ukraine’s peace summit
China’s Foreign Ministry spokeswoman Mao Ning attends a press conference at the Ministry of Foreign Affairs in Beijing on January 15, 2024. Pedro Pardo | Afp | Getty Images China has denied allegations by Ukraine’s president that Beijing is pressuring other countries not to attend an upcoming Ukraine peace summit, with the foreign ministry claiming […]
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Stock futures are flat after sluggish first trading day of June: Live updates
Stock futures were little changed Tuesday as Wall Street looked to find its footing after an uneven start to the month. Futures for the Dow Jones Industrial Average were roughly flat. S&P 500 futures and Nasdaq 100 futures ticked down less than 0.1% each. The move in futures came after the Dow fell more than […]
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Europeans may be about to elect their most right-wing parliament in history
The 2024 European Parliament elections threaten to shake the bloc’s traditionally mainstream political landscape. Sean Gallup | Getty Images Europeans head to the polls this week in closely watched elections that threaten to shake the bloc’s traditionally mainstream political landscape. From June 6 to 9, around 400 million people across the EU’s 27 member states […]
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India’s Nifty plummets 3.5% to lead Asia markets lower as election vote counting kicks off
A woman walks past Bombay Stock Exchange (BSE) office in Mumbai, India, 18 July, 2022. Nurphoto | Nurphoto | Getty Images India stocks slumped to lead Asia markets lower Tuesday, as the country started counting votes for its 2024 general election. The world’s most populous country started counting votes at 8 a.m. local time, with […]
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Bitcoin miners sink millions into AI businesses, seeking billions in return
Core Scientific’s 104 megawatt Bitcoin mining data center in Marble, North Carolina Carey McKelvey AUSTIN — For five years, bitcoin miner Core Scientific has quietly been diversifying out of mining and into artificial intelligence, a market that will require immense amounts of power to handle the training of AI models and the massive workloads that […]
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Toyota apologizes for cheating on vehicle screening and halts manufacturing of 3 versions
A indicator is displayed outside the house a Toyota Motor Corp. dealership on Jan. 30, 2024 in Tokyo, Japan. Toyota Chairman Akio Toyoda apologized Monday for large cheating on certification checks for seven auto versions as the automaker suspended creation of 3 of them. Tomohiro Ohsumi | Getty Photographs News | Getty Pictures Toyota Chairman Akio […]
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CNBC Daily Open: Dow drops on weak manufacturing data, GameStop soars
Traders work as a screen displays the trading information for GameStop and AMC Theatres on the floor at the New York Stock Exchange on May 15, 2024. Brendan McDermid | Reuters 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 […]
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