Breaking News: Markets
Airbus CEO says Europe’s ‘digital battlefield’ will take a decade to build
Key Points Europe’s ambitions to create a “combat cloud,” where defense-related data is exchanged between nations securely, could take over a decade. That’s according to Airbus CEO Guillaume Faury, who sat down with CNBC’s Charlotte Reed in a fireside chat at the Adopt AI conference in Paris. The combat cloud part of a range of space-based […]
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From stocks to property, here’s what the Autumn Budget means for UK assets
U.K. Finance Minister Rachel Reeves delivered her long-awaited Autumn Budget on Wednesday, which included a swathe of tax hikes that will impact most of the British population. CNBC rounded up the headline announcements for investors and spoke to market watchers about the implications for U.K. assets. Stocks and bonds Among the raft of measures announced […]
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Bank of America expects a meager gain for stocks next year
Bank of America isn’t forecasting another blockbuster year for the S & P 500 . Savita Subramanian, the bank’s equity and quant strategist, said the benchmark index should rise to 7,100 in 2026. That implies upside of nearly 5% over where the broad average finished Tuesday’s session. “Multiple expansion and earnings growth both pushed the […]
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Saba Capital activist Boaz Weinstein calls for removal of Baillie Gifford-run tech investment trust’s entire board
Boaz Weinstein is calling for the removal of the entire board of a tech-focused fund managed by Baillie Gifford, in a bid to reverse what the activist investor sees as “unprecedented” value destruction. In a letter to the Edinburgh Worldwide Investment Trust’s board on Thursday, Weinstein — whose activist investment firm Saba Capital owns around […]
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Europe’s slow and steady approach to AI could be its edge
Europe, with its fragmented markets, is often said to be operating in the shadow of the U.S. and China when it comes to scaling AI. But the very factors that challenge its growth as a major player may yet give it an edge when it comes to future-proofing the critical warehouses that power the AI […]
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European markets head for lackluster open as investors take a breath
A broker is pictured at the stock exchange in Frankfurt, Germany, on May 6, 2025. Daniel Roland | Afp | Getty Images LONDON — European markets are expected to see a lackluster mixed open on Thursday as investors take stock of the regional and global economic outlook. The U.K.’s FTSE index is seen opening a […]
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China industrial profits drop 5.5% in October, worst performance in five months
QINGDAO, CHINA – FEBRUARY 05 2025: Workers assemble cars at a car plant of SAIC-GM-Wuling in Qingdao city in east China’s Shandong province Wednesday, Feb. 05, 2025. ZHANG JINGANG | Future Publishing | Getty Images Profits at industrial firms in China declined in October, the National Bureau of Statistics said on Thursday, as manufacturers navigated […]
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Asia-Pacific markets track Wall Street gains as tech extends rebound
The Sydney Opera House Sydney, New South Wales, Australia. Gallo Images | Brand X Pictures | Getty Images Asia-Pacific markets advanced Thursday after Wall Street gained overnight as Fed rate-cut hopes rose and tech stocks rebounded. Japan’s benchmark Nikkei 225 index rose 1.42%, led by tech stocks, while the Topix index added 0.64%. Among the […]
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South Korea keeps rates steady as FX risks limit easing scope
South Korea’s central bank kept interest rates unchanged as widely expected on Thursday as a tumbling won reduced the scope for further easing and policymakers waited to see how the government’s steps to cool Seoul’s property market play out. The Bank of Korea’s monetary policy board voted to keep the benchmark interest rate unchanged at 2.50%, in line […]
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Apple and Broadcom shares keep hitting records. Why each have more room to run
Shares of Apple and Broadcom on Wednesday both traded above their record-high closes. New research shows investors exactly why there should be more upside ahead for the two Club holdings. No. 1 smartphone: Apple stock rose Wednesday after Counterpoint Research said the company was on track to dethrone Samsung as the world’s top smartphone maker […]
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