World
Who Trump picks to fight his trade battles is apparently important to financial markets
Chatter that President-elect Donald Trump could appoint former U.S. Trade Representative Robert Lighthizer to oversee trade policy is moving markets, from the dollar on currency exchanges to stocks that would be sensitive to tariffs. During Trump’s first term as president, Lighthizer was central to his protectionist policy and was in the U.S. trade representative role […]
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What’s behind Salesforce’s record highs — plus, a possible stock to buy after this week’s earnings
Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Monday’s key moments. 1. The S & P 500 edged higher Monday, extending Friday’s postelection all-time highs. The tech-heavy Nasdaq was basically flat. Club chip names Advanced Micro Devices , Broadcom , and […]
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Wedbush’s Dan Ives raises Tesla price target to $400, says Trump win is a ‘gamechanger’
Shares of Tesla are set to soar under a second Trump presidency, according to widely followed analyst Dan Ives of Wedbush. Ives reiterated his outperform rating and hiked his 12-month price target for the electric vehicle manufacturer to $400 from $300. This new forecast signals about 25% upside from Friday’s close. Ives cited Donald Trump’s […]
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Silicon Valley’s General Catalyst makes first investment into Saudi Arabia through fintech Lean Technologies
Silicon Valley venture capital firm General Catalyst has made its first investment in Saudi Arabia through fintech startup Lean Technologies, which just closed a Series B round worth $67.5 million. General Catalyst has $30 billion in assets under management and has backed major U.S. tech companies like Snap, Stripe and AirBnb. Lean Technologies’ fundraising round also […]
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Europe could try to stop — or get around — damaging Trump tariffs
A ship carries shipping containers through Upper Bay in New York, U.S., September 30, 2024. Caitlin Ochs | Reuters Donald Trump’s U.S. election win has left Europe scrabbling to work out how it will be able to contain or counter highly probable tariffs on its exports to the U.S. once the president-elect enters the White […]
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FTX sues crypto exchange Binance and its former CEO Zhao for $1.8 billion
The estate of collapsed crypto exchange FTX has filed a suit against Binance and its former CEO Changpeng Zhao in an effort to wrest back at least $1.76 billion, citing a “fraudulent” share deal. In a Sunday filing with a Delaware court, FTX cites a 2021 transaction in which Binance, Zhao and others exited their […]
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Europe markets rally to start the week on a positive note; auto supplier Continental up 7%
There are no winners if Trump imposes universal tariffs, Citi strategist says President-elect Donald Trump speaks during an election night event at the West Palm Beach Convention Center in West Palm Beach, Florida, on Nov. 6, 2024. Jim Watson | AFP | Getty Images Donald Trump’s pledge to impose universal tariffs on all imports into […]
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CNBC Daily Open: Trump kicked off the market rally, but he could also halt it
A trader wears a hat in support of Republican Donald Trump, after he won the U.S. presidential election, at the New York Stock Exchange (NYSE) in New York City, U.S., November 6, 2024. Andrew Kelly | Reuters This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up […]
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Trump tariff threat looms large on several Asian countries — not just China — says Goldman Sachs
Donald Trump’s victory in U.S. elections has raised the specter of higher tariffs on China — but it may not be the only Asian country that faces this predicament, according to Goldman Sachs. While the U.S. bilateral trade deficit with China has decreased somewhat since the Trump administration, deficits with other Asian exporters have risen […]
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China’s push for more babies as demographic crisis deepens lacks real incentives, analysts say
A medical worker is taking care of newborns at Dongfang Hospital in Lianyungang, China, on January 1, 2024. Costfoto | Nurphoto | Getty Images China’s efforts to bolster birth rates have yet to address the core reasons for their rapid decline, according to analysts. Even though the country started easing its stringent one-child policy nearly […]
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