World
Tensions high in Venezuela after contested election, with more arrests feared
Demonstrators burn rubber and objects during a protest against reelection of Venezuelan President Nicolas Maduro for the 3rd term one day after the Venezuelan presidential elections in Caracas, Venezuela on July 29, 2024. Anadolu | Anadolu | Getty Images Shops and public transport across Venezuela shut down on Wednesday as tensions over a fiercely disputed presidential election and rumors of more opposition arrests and sporadic […]
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China’s Communist Party expels former CNPC chairman, state media says
China’s ruling Communist Party has expelled Wang Yilin, former chairman and party secretary of state-owned China National Petroleum Corp, for discipline violations, state media said on Wednesday. South China Morning Post | South China Morning Post | Getty Images China’s ruling Communist Party has expelled Wang Yilin, former chairman and party secretary of state-owned China National Petroleum Corp, for discipline violations, state media said on Wednesday. According to […]
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CNBC Daily Open: Fed signals possible rate cut; Wall Street soars; oil gains as Middle East tensions rise
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. Traders work on the floor of the New York Stock Exchange on July 25, 2023. Angela Weiss […]
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Microsoft says OpenAI is now a competitor in AI and search
Microsoft CEO Satya Nadella, right, greets OpenAI CEO Sam Altman during the OpenAI DevDay event in San Francisco on Nov. 6, 2023. Justin Sullivan | Getty Images News | Getty Images Microsoft‘s relationship with OpenAI has officially become more complicated. On Tuesday, Microsoft added the artificial intelligence startup to the list of competitors in the […]
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Asia-Pacific markets mixed after Powell signals possible rate cut in September
Top view of Seoul in the morning in autumn 2016. Natthapol Bussai | Moment | Getty Images Asia-Pacific markets were mixed on Thursday, after comments from U.S. Federal Reserve Chair Jerome Powell indicated that a rate cut could come in September if inflation data remains “encouraging.” This comes after the Fed’s Federal Open Market Committee […]
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Here’s what usually happens to UK stocks when the Bank of England cuts interest rates
The U.K. stock market is likely to rise over the course of 12 months, if the Bank of England cuts interest rates on Thursday and history repeats itself, according to a CNBC Pro analysis. Economists say the forecasts for whether the U.K. central bank will either reduce or hold rates are a close call. A […]
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S&P 500 futures rise after Meta posts quarterly beat: Live updates
Traders work on the floor of the New York Stock Exchange. NYSE Stock futures rose in overnight trading Wednesday as investors weighed the latest corporate earnings reports, including strong results from Meta Platforms. S&P 500 futures gained 0.4%, while Nasdaq-100 futures jumped 0.7%. Futures tied to the Dow Jones Industrial Average added 30 points, or […]
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Lithium giant Albemarle halts Australia plant expansion, reviews costs on weak lithium prices
A worker walks past a pile of lithium ore at a Talison Lithium Ltd. site, a joint venture between Tianqi Lithium Corp. and Albemarle Corp., in Greenbushes, Australia. Carla Gottgens | Bloomberg | Getty Images Lithium mining giant Albemarle will halt the expansion of a manufacturing plant in Australia, as the company reviews costs due […]
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Fed recap: Chair Powell gives the September rate cut signal traders were hoping for
Powell says a potential September rate cut would be apolitical Federal Chair Powell said a rate cut at the September meeting would be unrelated to the upcoming presidential election. He said the central bank would be “absolutely” apolitical if it lowered borrowing costs at the meeting. But the Fed chief also cautioned against assuming that […]
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Trading the Fed decision: These stocks could get the biggest boost from lower rates
Certain stocks should be winners as the Federal Reserve seeks to lower short-term rates, if history is any guide. The Federal Reserve on Wednesday kept rates unchanged, as expected , and noted progress it was making on inflation. Traders are betting the central bank is preparing markets for a rate cut at its next meeting […]
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