World
Dow futures are little changed after blue-chip average closes at all-time high: Live updates
Spencer Platt | Getty Images Dow Jones Industrial Average futures sat near flat Thursday night after the blue-chip average finished the preceding session at a record closing level. Futures connected to the 30-stock index added just 7 points. S&P 500 futures and Nasdaq 100 futures were rose 0.1% and 0.2%, respectively. Investor attention after hours […]
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Chinese robotaxi firm Pony AI files for U.S IPO
Chinese tech giant Baidu’s robotaxis have grabbed about 10% of the ride-hailing market in a Beijing suburb, the company said Tuesday Vcg | Visual China Group | Getty Images China-based autonomous driving firm Pony AI, backed by automaker Toyota, filed for an initial public offering in the U.S. on Thursday, in another sign of growing investor interest in new […]
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Musk’s win on India satellite spectrum raises prospect of price war with Ambani
Mukesh Ambani, Chairman and Managing Director of Reliance Industries, arrives to pay his last respect to Indian industrialist Ratan Tata at the National Centre for the Performing Arts (NCPA) ahead of its cremation in Mumbai on October 10, 2024. Punit Paranjpepunit Paranjpe | AFP | Getty Images Having just lost a battle with Elon Musk […]
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Google CEO names new search and ads boss, slides predecessor to role of chief technologist
Google is replacing Prabhakar Raghavan, the company’s search and ads boss, with longtime Google executive Nick Fox. The move was announced by Alphabet CEO Sundar Pichai, who said in a blog post on Thursday that Raghavan will be moving into the role of chief technologist after 12 years of leading teams across the search company. […]
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These companies reporting earnings next week have a history of beating expectations
Several companies are due to report earnings next week, including some potential standouts. Earnings season is ramping up, with 22% of S & P 500 members expected to post their quarterly results next week. So far, most of the constituents that have reported third-quarter earnings have exceeded earnings and revenue expectations, according to FactSet. Against […]
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Hedge fund manager Daniel Loeb believes Trump’s chances are increasing and he’s betting accordingly
Third Point’s Daniel Loeb believes the odds are rising that former President Donald Trump will win the U.S. presidency this November over Vice President Kamala Harris, and the influential hedge fund manager is increasing positions that would benefit under a Republican administration and Congress. “We believe that the likelihood of a Republican victory in the […]
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The breakout in cruise line stocks may be just getting started, according to the charts
With a resurgence of travel demand driving strong earnings and analyst upgrades, the cruise line industry appears to be entering a new bullish regime. While charts like Carnival Corp. (CCL) have once again become overbought, the strength of the recent breakout suggests they may just be getting started. Starting with the weekly chart, we can […]
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CNBC’s Inside India newsletter: The changing face of India’s rich
This report is from this week’s CNBC’s “Inside India” newsletter which brings you timely, insightful news and market commentary on the emerging powerhouse and the big businesses behind its meteoric rise. Like what you see? You can subscribe here. India is mourning the death of Ratan Tata, the visionary industrialist and philanthropist. The former chairman of […]
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JPMorgan says financial markets are starting to price in a Trump win and possible Republican sweep
Stocks are starting to price in a Trump victory, possibly even a Republican sweep, according to JPMorgan. The recent rally in U.S. equities to all-time highs, and the outperformance of U.S. banks in particular, are among the signs that investors are betting on former President Donald Trump to win the November general election, and follows […]
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IMF chief warns ‘not yet time to celebrate’ as low growth and high debt weigh on global economy
The head of the International Monetary Fund cautioned on Thursday that high debt and low growth remained major impediments to the global economy. IMF Managing Director Kristalina Georgieva told CNBC that while notable progress had been made in the global economic recovery, governments had become too accustomed to borrowing, with “anemic growth” adding to the […]
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