Oil prices jump nearly 6% amid geopolitical tensions, post best day since April
October 14, 2023
Oil prices rose more than 5% on Friday as investors remained on edge about escalating geopolitical tensions in the Middle East.
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What does watching violence do to your mind? ‘Nothing good’: 5 tips for maintaining your mental health while following the news
October 14, 2023
While staying informed is important, consuming an excess of graphic images and videos can negatively affect your mental health, experts say.
These are the biggest stock shorts out there — including a big bet against this EV maker
October 14, 2023
Investors hiked their short bets on a handful of electric vehicle and charging companies during the second half of September.
Morgan Stanley downgrades this Chinese e-commerce stock on weak consumer demand
October 14, 2023
The firm lowered its rating on shares to equal weight from overweight and slashed its price target approximately 40%.
Taylor Swift concert film draws $2.8 million from last-minute previews as theaters prepare for big opening weekend
October 14, 2023
Taylor Swift's The Eras Tour concert film tallied $2.8 million in last-minute Thursday night previews.
Bond manager with $1 trillion on the line says you will be ‘well rewarded’ by doing this
October 14, 2023
The volatility in the bond market can provide a great opportunity for investors, said Pimco chief investment officer Dan Ivascyn.
Novo Nordisk hikes outlook on soaring demand for Wegovy, Ozempic
October 14, 2023
Novo Nordisk's forecast only confirms the frenzy for Wegovy and Ozempic, which patients seek for their ability to help them lose significant weight over time.
Microsoft closes $69 billion acquisition of Activision Blizzard after lengthy regulatory review
October 14, 2023
More than 20 months after agreeing to the company's largest purchase ever, Microsoft has closed its acquisition of Activision Blizzard
Putin warns against Israeli ground invasion of Gaza; Ukraine ‘holding positions’ as fighting rages in key eastern city
October 13, 2023
Ukrainian forces on Friday sought to hold back Russia's advances in and around the strategically important city of Avdiivka.
Russia can gain from Middle East turmoil — but it could backfire if the war spirals out of control
October 13, 2023
Russia stands to benefit from the Hamas-Israeli war but the conflict also carries big risks for Moscow, analysts say.
Asia fintech MoneyHero slides on first day of trading after merger with Peter Thiel-backed SPAC
October 13, 2023
MoneyHero began trading on the Nasdaq on Friday, following completion of its merger with special purpose acquisition company Bridgetown Holdings.
Stablecoin Tether promotes tech chief to CEO, taking over from mysterious crypto leader
October 13, 2023
In a surprise move, the chief technology officer of stablecoin firm Tether, Paolo Ardoino, has been promoted to CEO.
JPMorgan Chase CEO Jamie Dimon warns this is ‘the most dangerous time’ for the world in decades
October 13, 2023
The head of the largest U.S. bank by assets cited the ongoing war in Ukraine as well as the attacks Hamas launched on Israel last weekend.
Canon, known for its cameras, launches ASML challenge with machine to make the most advanced chips
October 13, 2023
Canon, the Japanese firm best known for its cameras, launched a critical tool on Friday it says can help manufacture the most advanced semiconductors.
Poland’s elections this weekend could mark a crossroad for EU solidarity — and Ukraine support
October 13, 2023
The incumbent government has fallen out with Ukraine over grain and sparred with the EU; and its challenger is former European Council President Donald Tusk.
China gives Ehang the first industry approval for fully autonomous, passenger-carrying air taxis
October 13, 2023
Ehang shares have nearly doubled in price this year, before trading was temporarily halted Monday pending a significant announcement.
Hong Kong stocks tumble over 2%, leading losses in Asia-Pacific after China data
October 13, 2023
Hong Kong stocks fall more than 2%, leading losses in the wider Asia-Pacific markets fell as investors digest China's inflation and trade data for September.
‘Time to set the record straight’: Saudi minister defends China’s lending to developing nations
October 13, 2023
Saudi Arabia's Finance Minister Mohammed al-Jadaan was speaking at a panel discussion at the IMF-World Bank joint conference in Morocco.
China consumer prices were unexpectedly flat, as economic recovery remains fragile
October 13, 2023
China's consumer price index came in at zero in September, while factory gate prices saw annual declines slow for a third month.
China’s exports and imports drop again in September
October 13, 2023
China's trade slumped this year amid lackluster global demand for Chinese good and muted domestic demand.
A photographer ‘accidentally’ found a way to help hundreds of dogs get adopted
October 13, 2023
Rachael Rodgers takes rescue dogs on road trips. Her photos of them — hiking and kayaking in the Canadian wilderness — have helped nearly all find new homes.
CNBC Daily Open: Investors spooked by hot inflation report
October 13, 2023
Investors digested a hotter-than-expected consumer prices report on Thursday but focus today will squarely be on earnings season.
Europe is investigating Elon Musk’s X about Israel-Hamas misinformation, violence on the app
October 13, 2023
The European Commission is investigating whether X is complying with the Digital Services Act for its handling of Israel-Hamas war misinformation and violence.
Getting to 2% inflation won’t be easy. This is what will need to happen, and it might not be pretty
October 13, 2023
In theory, getting inflation closer to the Fed's target doesn't sound terribly difficult. In practice, it could be a different story.
Israel-Hamas war live updates: Britain orders deployment of military assets to Mediterranean; at least 27 Americans killed
October 13, 2023
The death toll continues to mount in Israel and the Gaza Strip, as sirens blare and war wages.
Dow closes more than 150 points lower as inflation data reignites interest rate fears: Live updates
October 13, 2023
The major averages came off of four consecutive winning days.
Bank earnings kick off with JPMorgan, Wells Fargo amid concerns about rising rates, bad loans
October 13, 2023
Higher rates are expected to lead to a jump in losses on banks' bond portfolios and contribute to funding pressures.
Leon Cooperman expects very little from the market and is only interested in individual stocks
October 13, 2023
Billionaire investor Leon Cooperman remains a bear with little interest in the broader stock market, which he says underestimates the risk of a fiscal crisis.
Comcast, Disney hire investment banks to value Hulu as sale process makes progress
October 13, 2023
Comcast and Disney can strike their option on Hulu as soon as Nov. 1, kicking off what might be a complicated sale process for Comcast's 33% stake
These 3 bank stocks are Wall Street’s favorites heading into earnings reports for the industry
October 13, 2023
Banks have been feeling the pressure against the backdrop of higher interest rates, but these three names could emerge as winners this earnings season.
What is Israel’s Iron Dome? Here’s what you need to know about the missile defense system
October 13, 2023
The Iron Dome, or "Kippat Barzel" in Hebrew, is widely regarded as one of the most important tools in Israel's arsenal.
Cathie Wood says AI is highly deflationary and her top picks include Twilio and UiPath
October 13, 2023
"AI is going to lead to one of the biggest improvements in productivity … which is highly anti-inflationary," Wood said at CNBC's Financial Advisor Summit.
Putin makes first known trip abroad since arrest warrant issued; Kyiv’s counteroffensive off schedule
October 12, 2023
Russian President Vladimir Putin arrived in Kyrgyzstan on Thursday, making the first foreign visit since he was issued with an international arrest warrant.
Germany is not the ‘sick man of Europe’ – but this year isn’t looking good, central bank president says
October 12, 2023
Germany is not the sick man of Europe, Bundesbank President Joachim Nagel said to CNBC Wednesday, but he acknowledged that growth is "not good for this year."
Biden’s Saudi-Israel normalization plans appear distant as Israel pounds Gaza in offensive
October 12, 2023
The Saudi government has long held that a key sticking point in normalization talks with Israel is the status of Palestinians who live under Israeli occupation.
Former Barclays CEO Staley fined and banned by UK regulator over Epstein links
October 12, 2023
Former Barclays CEO Jes Staley on Thursday was fined and banned from holding any position of influence in the U.K. financial services industry.
Israeli and Jewish schools reportedly urge parents to tell their kids to delete Instagram and TikTok to avoid disturbing images of hostages
October 12, 2023
Their concern is that Hamas may use social media to broadcast disturbing images, such as hostages begging for their lives.
Bloodshed, destruction and a far-off peace? There are several possible outcomes of the Israel-Hamas war
October 12, 2023
The escalating violence between Israel and Hamas has led many to question when the conflict will end — and what harm will be done in the meantime.