Markets
How Donald Trump’s criminal conviction boosted his campaign fundraising machine
Throughout his 2024 campaign, former President Donald Trump has managed to keep his political operation afloat by walking a delicate financial tightrope. The guilty verdict in a Manhattan hush money case added to a long list of legal challenges that have cost him more than $100 million in donor money to date. Campaign finance experts […]
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Tesla expects to increase Model 3 price ranges in Europe just after higher EU tariffs on China EVs
The new Tesla Product 3+ is on sale at a Tesla retail outlet in Hangzhou, Zhejiang province, China, September 26, 2023. Costfoto | Nurphoto | Getty Illustrations or photos Tesla on Thursday said it will possible boost the Europe prices of its Model 3 vehicle from July 1 immediately after the European Union claimed it […]
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Here are 9 stocks that can benefit from Fed interest rate cuts
The S & P 500 and Nasdaq extended their record rallies this week following cooler-than-expected consumer inflation data Wednesday morning. While Fed rate cuts would likely benefit the overall stock market, several names in the CNBC Investing Club portfolio — from housing plays to autos to biotech — could really get a boost. Connecting the […]
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S&P 500 futures inch higher after index’s first-ever close above 5,400: Live updates
Traders work on the floor of the New York Stock Exchange during afternoon trading on June 3, 2024. Michael M. Santiago | Getty Images S&P 500 futures rose Thursday morning after the broad market index closed above 5,400 for the first time, following the Federal Reserve’s latest interest rate decision and a May consumer inflation […]
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Revolut moves global HQ to heart of London’s financial district as it awaits UK bank license
A mockup of what Revolut’s new global HQ in Canary Wharf will look like. The firm said it plans to display its logo on two signs on the sides of the new building – mimicking legacy banks like Barclays and Citigroup. Revolut British financial technology firm Revolut announced Thursday that it’s planning to move its […]
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CNBC Daily Open: Fed signals just one rate cut
Traders work on the floor of the New York Stock Exchange during afternoon trading on April 2, 2024 in New York City. Michael M. Santiago | Getty Images News | 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 […]
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Asia-Pacific markets rise as Fed holds rates and shifts dot plot
The sails of the Opera House are illuminated with projections on the opening night of Vivid Sydney 2023 in Sydney, Australia, on Friday, May 26, 2023. Anadolu Agency | Anadolu Agency | Getty Images Asia-Pacific markets rose on Thursday after the U.S. Federal Reserve held the Federal Funds rate at 5.25% to 5.5%, and shifted […]
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GameStop tanks with huge volume in the call options owned by ‘Roaring Kitty’
A holding page for Keith Gill, a Reddit user credited with inspiring GameStop’s rally, before a YouTube livestream arranged on a laptop at the New York Stock Exchange on June 7, 2024. Michael Nagle | Bloomberg | Getty Images A sell-off in GameStop shares intensified in afternoon trading Wednesday, and that coincided with a spike […]
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Oil prices rise as supply-demand balance expected to tighten in third quarter
Crude oil futures rose Wednesday as traders bet on tightening supplies later in the year. The Federal Reserve’s indication of just one interest rate cut this year and bearish U.S. stockpile data limited the gains. The Department of Energy sees global demand rising this year by 1.1 million barrels per day, or bpd, up from […]
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Here’s the Fed’s new rate forecast that’s moving the markets
Federal Reserve Bank Chair Jerome Powell announces that interest rates will remain unchanged during a news conference at the bank’s William McChesney Martin building on May 01, 2024 in Washington, DC. Chip Somodevilla | Getty Images The Federal Reserve on Wednesday projected only one rate cut for the remainder of 2024, down from its March […]
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