Sydney Building take from Cremorne Point. Brook Attakorn | Moment | Getty Images Asia-Pacific markets opened mixed on Tuesday, after the S&P 500 and the Nasdaq Composite closed at record highs overnight. Japan’s Nikkei 225 rose 1.11%, while the Topix rose 0.38%. South Korea’s Kospi inched up 0.06% as shares of heavyweight Samsung Electronics gained … Read more
There’s a 40% chance President Joe Biden will not seek reelection, according to Stifel. Brian Gardner, the firm’s chief Washington policy strategist, is out with a research note that calls it a “make or break week” for the president’s campaign as Congress returns from its Fourth of July recess. “There’s a 60% chance, more likely … Read more
Corning shares are up more than 12% Monday after the company raised its second-quarter guidance, setting it on track for its best trading day since March 2020. The company, known for developing the Gorilla Glass used for Apple iPhones and other phones, credits the outperformance to demand for its optical connectivity products that power networks … Read more
Bitcoin has also been under selling pressure from the German government as well as collapsed bitcoin exchange Mt. Gox. Cfoto | Future Publishing | Getty Images For weeks now, Germany’s government has been selling hundreds of millions of dollars worth of bitcoin — and it’s been a key factor behind the cryptocurrency’s intense selloff. Last … Read more
U.S. crude oil futures fell nearly 1% Monday as traders monitored the impact of Hurricane Beryl on Gulf Coast refining, production and export infrastructure. Beryl made landfall near Matagorda, Texas, as a Category 1 hurricane with maximum sustained winds of 80 miles per hour, according to the National Hurricane Center. Matagorda is about 150 miles … Read more
Shortly after the opening bell, we will sell 18 shares of Meta Platforms at roughly $542.3 and 20 shares of Palo Alto Networks at roughly $343. Following the trades, Jim Cramer’s Charitable Trust will own 275 shares of META, decreasing its weighting to 4.45% from 4.7%; and 230 of PANW, decreasing its weighting to 2.35% … Read more
Traders work on the floor of the New York Stock Exchange, June 14, 2023. 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 are. Like what you see? You … Read more
Passengers pass through O’Hare airport in Chicago, July 3, 2024. Scott Olson | Getty Images Record summer air travel demand isn’t translating to record U.S. airline profits. Carriers will have to answer for that disconnect when they report quarterly results this month. Some airlines have forecast record demand, and in some cases, revenue. But higher … Read more
Britain’s Chancellor of the Exchequer Rachel Reeves delivers a speech at the Treasury, to an audience of leading business figures and senior stakeholders, announcing the first steps the new Labour Government will take to deliver economic growth, in London on July 8, 2024. Jonathan Brady | Afp | Getty Images LONDON — Britain’s new finance … Read more
Supporters of the left wing union, New Popular Front, gather at the Place de la Republique on July 7, 2024 in Paris, France following the defeat of the far-right in France’s legislative elections. Anadolu | Anadolu | Getty Images Government bond markets in France saw some selling early on Monday, but were fairly muted overall … Read more
