MicroStrategy hit its highest level relative to bitcoin since 2019. How to hedge it, per Wolfe
October 11, 2024
Wolfe Research's Rob Ginsberg thinks MicroStrategy, a bitcoin proxy, is overbought in the near term.
International
Trump announces his daughter Tiffany is pregnant: ‘So that’s nice’
October 11, 2024
Former President Donald Trump shared his daughter Tiffany and husband Michael are expecting a baby while giving remarks at the Detroit Economic Club on Thursday.
Hedge funds do an about-face on the China trade, selling stocks in record numbers
October 11, 2024
Hedge funds posted the largest single-day net selling of Chinese securities on Tuesday, according to Goldman Sachs' prime brokerage data.
Zuckerberg’s metaverse is finally showing signs of life, but it’s not from VR
October 11, 2024
The company formerly known as Facebook appears to have found its footing in virtual and augmented reality through a different medium.
CNBC’s Inside India newsletter: Is China’s stock market rally behind Indian equity losses?
October 11, 2024
China's CSI 300 index has gained about 25% since the stimulus measures were announced, while India's Nifty 50 has fallen by more than 3.5%. Will that continue?
European markets close lower following hotter-than-expected U.S. inflation data; GSK gains 3%
October 11, 2024
European markets slipped Thursday as investors digested higher than expected U.S. inflation data.
United plans flights to Greenland, Mongolia and northern Spain in search for next ‘it’ destination
October 10, 2024
United is expanding its summer 2025 travel schedule with off-the-beaten track destinations.
From day-one parental leave to zero-hours reform, UK workers to gain raft of rights in flagship Labour bill
October 10, 2024
Workers will be allowed to take bereavement leave from day one, while pregnant women and new mothers will gain stronger protections against dismissal.
Ethel Kennedy, widow of Robert F. Kennedy, dead at 96
October 10, 2024
The Kennedy family announced the passing of Ethel Kennedy, the widow to Robert F. Kennedy, on Thursday.
Airbus monthly deliveries fall, piling pressure on annual target as production woes persist
October 10, 2024
"Reaching year end delivery guidance will be challenging, but not impossible," analysts at Deutsche Bank said.
Inflation rate hit 2.4% in September, topping expectations; jobless claims highest since August 2023
October 10, 2024
The consumer price index was expected to show a 0.1% increase in September and a 2.3% gain from a year ago, according to Dow Jones consensus estimates.
Microsoft announces new AI tools to help ease workload for doctors and nurses
October 10, 2024
Microsoft announced a series of new health-care data and AI tools for clinicians on Thursday.
Delta sales guidance disappoints, CEO says airline expects lower demand around the election
October 10, 2024
Delta Air Lines expects to grow earnings in the fourth quarter, thanks to resilient travel demand and strong bookings for year-end holidays.
Ripple launches crypto storage services for banks in bid to diversify
October 10, 2024
Ripple said it is launching a slew of features aimed at helping banks and fintechs store digital tokens — as part of a broader push into crypto custody.
Tributes pour in for Ratan Tata from industry titans and politicians
October 10, 2024
Tata is credited with taking his business house global via several high-profile acquisitions including that of Jaguar-Land Rover in 2008.
Why the U.S. government is investigating Google
October 10, 2024
A series of complaints say Google's dominant behavior in the online search, advertising, and web applications markets is violating antitrust laws.
7-Eleven’s parent company cuts full-year earnings forecast, presses ahead with restructuring
October 10, 2024
The news comes as the Japanese retail group resists a takeover attempt by Canada's Alimentation Couche-Tard.
Arizona college student accused in random classmate stabbing has attempted murder charge dropped
October 10, 2024
ASU stabbing suspect Kaci Sloan has entered a not-guilty plea. Sloan is charged with stabbing a fellow student multiple times in a classroom on Sept. 19.
Asia-Pacific markets gain ahead of U.S. inflation data; China stocks resume rally
October 10, 2024
Asia-Pacific markets traded higher after the S&P 500 and Dow Jones Industrial Average shook off geopolitical concerns and reached new highs.
China cannot represent Taiwan and should work with Taipei on global challenges, Lai says
October 10, 2024
Taiwan doesn’t accept China’s representation but is open to cooperating on global issues like climate change, President Lai Ching-te said.
Microsoft faces disruption from AI, says outperforming fund manager dumping the stock
October 10, 2024
Yet Wall Street analysts expect Microsoft to rise by 20% over the next 12 months.
Fed officials were divided on whether to cut rates by half a point in September, minutes show
October 10, 2024
The Federal Reserve on Wednesday releases minutes from its Sept. 17-18 policy meeting.
Nvidia shares are up 25% in the last month, rallying near a record ahead of tech earnings
October 10, 2024
Nvidia shares have surged 25% over the last month, with analysts maintaining a bullish outlook as earnings season approaches.
Tech, Media & Telecom Roundup: Market Talk
October 10, 2024
Gain insight on streaming in Canada, Disney’s financials and more in the latest Market Talks covering Technology, Media and Telecom.
Amazon to Add 20 New U.S. Cities to Same-Day Pharmacy Delivery Business
October 10, 2024
Amazon.com said it plans to further expand its pharmacy business by more than doubling the number of cities where customers can get same-day delivery of their medications.
Warren Buffett’s S&P 500 bet paid off. Experts weigh in on whether it’s still a winning strategy
October 9, 2024
Investing in an S&P 500 index fund can let you take a set-it-and-forget-it approach. But some experts say you could be missing an opportunity to diversify.
A Godfather of AI Just Won a Nobel. He Has Been Warning the Machines Could Take Over the World.
October 9, 2024
Geoffrey Hinton hopes the prize will add credibility to his claims about the dangers of AI technology he pioneered.
OpenAI to Open Asia-Pacific Hub in Singapore
October 9, 2024
The maker of ChatGPT plans to open a Singapore office later this year to serve as an Asia-Pacific hub, as it aims to grow its presence in the region.
Left and right prey on weak French government as it prepares ‘austerity’ budget
October 9, 2024
France's new and already beleaguered government is to present its 2025 budget Thursday amid an ongoing fiscal crisis for the euro zone's second-largest economy.
When Cell Service Is Down, You Can Send iPhone Texts via Satellite
October 9, 2024
Hurricane Milton could disrupt phone and Wi-Fi networks. How to stay connected with iOS 18.
X Can Resume Operations in Brazil After Paying Millions in Fines
October 9, 2024
Elon Musk’s social-media platform was banned in August for defying the country’s Supreme Court’s orders.
Short Seller Hindenburg Goes After Roblox
October 9, 2024
The research firm alleges that the videogame company has exaggerated user data and compromises child safety.
Samsung Apologizes for Falling Behind in AI Chips Race
October 8, 2024
The South Korean tech giant’s rivals seize ground in memory and contract manufacturing
LG Electronics Projects Quarterly Profit Drop, Missing Consensus
October 8, 2024
LG Electronics forecast a decline in third-quarter operating profit partly due to increased logistics and marketing expenses, disappointing market expectations for profit growth.
Samsung Apologizes for Expected Earnings Miss Amid Chip Challenges
October 8, 2024
The world’s largest maker of memory chips and smartphones acknowledged its struggle to make headway in supplying more advanced chips as it projected third-quarter earnings growth to slow sharply.
Google Must Make It Easier for App Stores to Compete on Android, Judge Rules
October 8, 2024
An injunction was issued after Epic Games won an antitrust lawsuit—the latest legal blow to the search giant.
One of the Biggest AI Boomtowns Is Rising in a Tech-Industry Backwater
October 7, 2024
Blackstone and TikTok’s parent are among the companies investing in data centers in a Malaysian state better known for its palm-oil plantations.
Harris supporters say she’ll fix immigration, blame Trump for border crisis
October 7, 2024
Supporters of Vice President Kamala Harris argued that former President Trump's effort to kill President Biden's border bill is to blame for the current crisis.