Markets
Kamala Harris needs to win over her doubters and detractors, analysts say — and soon
Vice President Kamala Harris speaks during a political event at the Air Zoo Aerospace & Science Experience in Portage, Michigan, on July 17, 2024. Jeff Kowalsky | AFP | Getty Images The pressure is on Vice President Kamala Harris to turn around her political fortunes and win the Democratic Party’s nomination, analysts say, after U.S. President Joe […]
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Here’s why China was largely unaffected by Friday’s IT outage
BEIJING — While businesses in the U.S. and Europe woke up Friday to a global IT outage that disrupted airports and hotels, China went into its weekend largely unaffected. The issue traced back to a software update by Texas-based cybersecurity company CrowdStrike, which generates more than half its revenue from the United States. The company’s […]
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Democrats rally behind Kamala Harris after Biden drops out; running-mate speculation swirls
Harris issues fundraising call U.S. Vice President Kamala Harris has issued a fundraising call after confirming she will run in the fall presidential campaign, following White House leader Joe Biden’s withdrawal. Biden has endorsed Harris, who must still receive the official Democrat nomination. “I am honored to have the President’s endorsement and my intention is […]
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CNBC Daily Open: Biden drops out, endorses Harris
Traders work on the floor of the New York Stock Exchange (NYSE) on June 01, 2023 in New York City. Spencer Platt | Getty Images 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 […]
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Delta flight cancellations from IT outage persist through the weekend, CEO apologizes
Travelers wait in line at a Delta Airlines counter at Ronald Reagan National Airport in Arlington, Virginia, on July 19, 2024. Airlines around the world experienced disruption on an unprecedented scale after a widespread global computer outage grounded planes and created chaos at airports. Ting Shen/Bloomberg via Getty Images Delta Air Lines CEO Ed Bastian […]
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Markets could unwind the ‘Trump trade’ after Biden drops out of presidential race
The letter in which U.S. President Joe Biden announced his withdrawal from candidacy is being displayed on a mobile phone screen in front of a computer screen displaying a photo of President Biden and US Vice President Kamala Harris, on July 21, 2024 in Ankara, Turkiye. Anadolu | Anadolu | Getty Images The “Trump trade” […]
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Autonomous AI workers that talk to each other will arrive in 2025, Capgemini predicts
Photo Of Robot Examining Invoice With Magnifying Glass. Andreypopov | Istock | Getty Images Artificial intelligence-powered agents will be able to work together and solve tasks in a so-called “multi-agent AI” system by 2025, according to technology services giant Capgemini. Such a system would entail a collection of agents that work together to solve tasks […]
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CNBC Daily Open: Biden drops out
Traders on the floor of the New York Stock Exchange, Aug. 8, 2023. Source: NYSE 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. What you […]
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Asia stocks set to mostly fall as Biden drops out of race; inflation and GDP data this week in focus
Aerial view by drone of Tokyo Cityscape with Tokyo Sky Tree visible in Tokyo city, Japan on sunrise. pongnathee kluaythong | Moment | Getty Images Asia-Pacific markets are set to fall on Monday in Asia, on the back of news that U.S. President Joe Biden has dropped out of the presidential race, and endorsed Vice […]
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The ‘Trump trade’ is on pause. Political uncertainty is now in the driver’s seat
It didn’t take long to remember what a second Donald Trump presidential term would mean for the stock market, did it? Unpredictability. Random attacks. No one safe. Mercurial positions. The only difference? Former Vice President Mike Pence meant nothing. He was supposed to mean nothing. Now the Republican candidate’s new running mate, Sen. JD Vance […]
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