Germany
The auto industry is pulling back on its ‘capital junkie’ tendencies after unprecedented spending on EVs, self-driving
Electric vehicle start-up Lucid on Sept. 28, 2021 said production of its first cars for customers has started at its factory in in Casa Grande, Arizona. Lucid DETROIT — The auto industry has an addiction. It’s a “capital junkie” that’s been on a yearslong binge of unprecedented spending on all-electric and autonomous vehicles. And now, […]
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See some of the best photos from National Geographic’s ‘Pictures of the Year’
National Geographic released its annual “Pictures of the Year” issue this week, showcasing 20 photographs — out of some 2.3 million in contention — that depict striking scenes of nature, wildlife and human connection to the world. Here are CNBC’s picks of the best of the best. A leap of faith A young emperor penguin […]
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European stocks head for slightly higher open amid subdued market sentiment
Asian chip stocks slump as Nvidia’s slowing revenue growth worries investors Asian semiconductor-related stocks mostly slumped on Thursday after Nvidia reported an earnings forecast that failed to meet the lofty expectations of some investors. While Nvidia’s third-quarter results exceeded analysts’ expectations and delivered a strong forecast for the current quarter, its shares still shed 2.5% in extended trading to roughly $142.20 […]
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European markets trade higher as traders assess simmering geopolitical tensions
Treasury yields rise as investors weigh geopolitical tensions, economic data U.S. Treasury yields were higher on Wednesday as investors considered the geopolitical situation and assessed the latest economic data. At 2:58 a.m. ET, the yield on the 10-year Treasury was up by over four basis points to 4.4178%. The 2-year Treasury yield was last trading at 4.2932% after rising […]
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European markets head for higher open as traders focus on data, earnings
Thyssenkrupp books $1 billion impairment on struggling steel unit A general view of the gate of the Thyssenkrupp industrial area in Duisburg, Germany, on August 29, 2024. (Photo by Ying Tang/NurPhoto via Getty Images). Nurphoto | Nurphoto | Getty Images Germany’s Thyssenkrupp on Tuesday reported a 1-billion-euro ($1.06 billion) impairment on its struggling steel division as the […]
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Former French president calls for a united Europe after Trump election win
French President Francois Hollande delivers a speech as he attends the inauguration of the new ‘Sud Europe Atlantique’ (South Europe Atlantic) high-speed rail line, linking Tours and Bordeaux, on February 28, 2017, in Villognon, central France. Yohan Bonnet | AFP | Getty Images Former French President François Hollande underlined the importance of Europe sticking together in […]
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Smart ring leader Oura plans international push as CEO touts new features and thinking on hardware
The Oura Ring 4 Courtesy: Oura LISBON — Samsung’s foray into smart rings isn’t concerning the boss of the product category’s pioneer, Oura — in fact, Tom Hale says he’s seeing a boost in business. “I’m sure that a major tech company making an announcement saying: ‘Hey, this is a category that matters. It’s going to be […]
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European markets head for mixed open as traders assess Fed’s rate cut path after downbeat inflation data
European markets were heading for a mixed open on Thursday as traders assessed the global inflation outlook and the possible trajectory of central bank rate cuts. The U.K.’s FTSE 100 index is expected to open 24 points higher at 8,041, Germany’s DAX 1 point higher at 18,975, France’s CAC up 12 points at 7,223 and Italy’s […]
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Europe markets decline with U.S. inflation data in focus; Just Eat Takeaway, Siemens Energy soar
European stocks traded slightly lower Wednesday, with global markets focused on upcoming U.S. inflation data. The pan-European Stoxx 600 index was down 0.1% in early deals, with the majority of sectors in negative territory. Shares of Just Eat Takeaway stock soared 20% shortly after the open Wednesday after the company said it had struck a deal to […]
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European markets fall as mining stocks slide; Bayer shares at 20-year lows; Mediobanca down 8%
Infineon sees revenue decline in next fiscal year Semiconductor company Infineon on Tuesday said it was expecting its revenue in its 2025 fiscal year to be slightly lower than that recorded in its 2024 fiscal year, which ended on Sept. 30. The company reported that its revenue in the fiscal year 2024 came in at […]
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