United States
Gold plunges 3% as Trump Treasury pick and potential Israel-Hezbollah truce fuel risk-on mood
Gold prices held above the $2,100 level on Wednesday, near a record peak hit in the previous session as hopes for U.S. rates easing by mid-year mount, while traders awaited remarks on the economy’s health from Federal Reserve Chair Jerome Powell. Uli Deck | Picture Alliance | Getty Images Gold prices lost about 3% after […]
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Stock futures slip after Dow closes at another record: Live updates
Traders work on the floor of the New York Stock Exchange during afternoon trading on Aug. 2, 2024. Michael M. Santiago | Getty Images Stock futures slipped in overnight trading Monday, after the Dow Jones Industrial Average closed at a new record. Futures tied to the Dow slid 144 points, or 0.3%. S&P 500 futures […]
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CNBC Daily Open: Investors really like Trump’s Treasury secretary pick
Scott Bessent, founder and chief executive officer of Key Square Group LP, during an interview in Washington, DC, US, on Friday, June 7, 2024. Stefani Reynolds | Bloomberg | 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 […]
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Asia-Pacific markets fall even as U.S. stocks hit new records
The central business district skyline at Marina Bay waterfront on May 10, 2023 in Singapore. Nurphoto | Nurphoto | Getty Images Asia-Pacific markets slid Tuesday, failing to track gains on Wall Street as U.S. benchmarks notched record highs following President-elect Donald Trump’s choice for Treasury secretary. Australia’s S&P/ASX 200 traded 0.28% lower, after hitting a […]
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Barclays says these global stocks are ripe for share buybacks — and analysts give one 45% upside
European equity markets might look “gloomy” right now, but Barclays noted that one investment strategy has delivered “solid outperformance” over recent months. “Buyback strategies remain a bright spot for Europe, with strong volumes and returns. Amid a gloomy equity market, our buyback announcement basket (BCEUBUYB) has outperformed by 4.6% since Oct,” the investment bank’s strategists […]
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Wall Street launches new ways to bet on bitcoin
For years, bitcoin won by being boring. Investors weren’t able to do all that much with it besides buy and hold it. But that was precisely why the world’s largest cryptocurrency was valuable. It was a commodity, like gold — or corn. It didn’t get too fancy on its offerings. In fact, bitcoin’s core team […]
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An options trade on two retailers reporting earnings this Thanksgiving week
Six well-known retailers release quarterly earnings this week. Kohl’s, Macy’s, Best Buy, Dick’s, and Burlington will report before the open on Tuesday, November 26th, and Nordstrom will report after the close. Their results may provide some insights into the state of the U.S. consumer going into the holiday shopping season and whether those that have […]
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European stocks close higher as global markets rally; UniCredit falls 5% after making offer for Banco BPM
European markets close slightly higher European stocks closed slightly higher Monday, buoyed by positive sentiment stateside. The pan-European Stoxx 600 provisionally ended 0.14% higher, with most sectors and major bourses in the green. Household goods and mining stocks led gains, both adding 1.21%, while oil and gas stocks fell 1%. — Karen Gilchrist Dow and […]
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Bitcoin’s march to $100,000 stalls. Here’s what’s keeping it below the milestone
Fernando Gutierrez-Juarez | Picture Alliance | Getty Images Bitcoin is trading stubbornly below the $100,000 mark, putting the brakes on a blistering rally that’s seen the cryptocurrency rise to touching distance of the key psychological level. The world’s biggest cryptocurrency has risen over 40% since Nov. 5, the day of the U.S. election which saw […]
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Spanish retailer Mango to open 60 new U.S. stores as it looks to elevate the brand
Spanish retailer Mango is embarking on a bold expansion plan in the U.S. as it looks to shed its fast-fashion image and position itself as a premium brand. The privately held company, headquartered in Barcelona, plans to open 42 new storefronts in the U.S. by the end of the year and aims to launch 20 […]
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