World
CNBC takes a tour of Ferrari’s new e-building
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email CNBC gained exclusive access to Ferrari’s HQ in Maranello, Italy, to explore the company’s new ventures into electrification. — Charlotte Reed, Vivi Vitalone, Ed Matthews and Itunu Olowookere contributed to this report. Source
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Ryanair shares tumble 13% as budget airline reports 46% fall in quarterly profit, sees lower fares
A Ryanair passenger plane lands at Cologne/Bonn Airport. Thomas Banneyer | Picture Alliance | Getty Images Ryanair shares fell on Monday after the company said its quarterly profit after tax had fallen 46% and fares will be lower than expected in the summer months. At 10:18 a.m. London time, Ryanair shares were down 13.59%. The […]
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Here’s why China was largely unaffected by Friday’s IT outage
BEIJING — While businesses in the U.S. and Europe woke up Friday to a global IT outage that disrupted airports and hotels, China went into its weekend largely unaffected. The issue traced back to a software update by Texas-based cybersecurity company CrowdStrike, which generates more than half its revenue from the United States. The company’s […]
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Trump faces a tighter race with Kamala Harris set to replace Biden, experts say
US Vice President Kamala Harris holds a campaign event that is her seventh visit to North Carolina this year and 15th trip to the state since taking office in Fayetteville NC, United States on July 18, 2024. Peter Zay | Anadolu | Getty Images President Joe Biden’s endorsement of Vice President Kamala Harris as the […]
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CNBC Daily Open: Biden drops out, endorses Harris
Traders work on the floor of the New York Stock Exchange (NYSE) on June 01, 2023 in New York City. Spencer Platt | Getty Images 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 […]
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Delta flight cancellations from IT outage persist through the weekend, CEO apologizes
Travelers wait in line at a Delta Airlines counter at Ronald Reagan National Airport in Arlington, Virginia, on July 19, 2024. Airlines around the world experienced disruption on an unprecedented scale after a widespread global computer outage grounded planes and created chaos at airports. Ting Shen/Bloomberg via Getty Images Delta Air Lines CEO Ed Bastian […]
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Markets could unwind the ‘Trump trade’ after Biden drops out of presidential race
The letter in which U.S. President Joe Biden announced his withdrawal from candidacy is being displayed on a mobile phone screen in front of a computer screen displaying a photo of President Biden and US Vice President Kamala Harris, on July 21, 2024 in Ankara, Turkiye. Anadolu | Anadolu | Getty Images The “Trump trade” […]
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China surprises with cuts to key rates to support weak economy
The People’s Bank of China building in Beijing, China, on Dec. 15, 2022. Bloomberg | Bloomberg | Getty Images China surprised markets by lowering a key short-term policy rate and its benchmark lending rates on Monday, in efforts to boost growth in the world’s second-largest economy. The cuts come after China last week reported weaker-than-expected second-quarter economic data and its top leaders met for a plenum that occurs roughly every […]
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Global leaders react to ‘true friend’ Biden dropping out of U.S. presidential race
US President Joe Biden speaks during an economic summit at the College of Southern Nevada in Las Vegas, Nevada, on July 16, 2024. Kent Nishimura | Afp | Getty Images U.S. President Joe Biden on Sunday dropped his reelection bid and and backed Vice President Kamala Harris as the nominee of the Democratic Party, eliciting […]
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CNBC Daily Open: Biden drops out
Traders on the floor of the New York Stock Exchange, Aug. 8, 2023. Source: NYSE 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 what you see? You can subscribe here. What you […]
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