LVMH puts mark on Olympics as luxury brands embrace sports

LVMH puts mark on Olympics as luxury brands embrace sports

The 2024 Paris Olympic Games medals are displayed inside a custom-designed trunk manufactured by Louis Vuitton, an LVMH brand partner of the Paris Olympic and Paralympic Games, during a gathering at LVMH in Paris on July 22, 2024, ahead of the start of the 2024 Paris Olympic Games.  Stephane De Sakutin | AFP | Getty … Read more

Trump campaign says it was hacked by foreign actors

Trump campaign says it was hacked by foreign actors

Republican presidential candidate former President Donald Trump speaks during a press conference at his Mar-a-Lago estate on August 08, 2024, in Palm Beach, Florida.  Joe Raedle | Getty Images The Trump campaign on Saturday said that a foreign hacker had breached its systems and gained access to internal communications. Politico began receiving leaked campaign documents … Read more

Why tech companies are shopping for nuclear power for data centers

Why tech companies are shopping for nuclear power for data centers

A cooling tower at the Constellation Nine Mile Point Nuclear Station in Scriba, New York, US, on Tuesday, May 9, 2023.  Lauren Petracca | Bloomberg | Getty Images Tech companies are increasingly looking to directly connect data centers to nuclear plants as they race to secure clean energy to power artificial intelligence, sparking resistance from … Read more

Stellantis laying off 2,450 workers due to outgoing Ram pickup

Stellantis laying off 2,450 workers due to outgoing Ram pickup

The 2019 Ram 1500 Rebel pickup truck is displayed at the North American International Auto Show in Detroit, January 15, 2018. Brendan McDermid | Reuters DETROIT – Automaker Stellantis plans to indefinitely lay off up to 2,450 U.S. factory workers later this year as it discontinues production of an older version of its Ram 1500 … Read more

Wealthy investors find opportunities in stock market sell-offs

Wealthy investors find opportunities in stock market sell-offs

Stock market information displayed at the Nasdaq MarketSite in New York, US, on Monday, Aug. 5, 2024.   Michael Nagle | Bloomberg | Getty Images A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your … Read more

10-year Treasury yield dips as traders weigh state of U.S. economy after latest data

10-year Treasury yield dips as traders weigh state of U.S. economy after latest data

U.S. Treasury yields were lower Friday as investors continued to assess the state of the U.S. economy after labor data buoyed sentiment. The yield on the 10-year Treasury was around 4 basis points lower at 3.961% at 6:18 a.m. ET, nonetheless holding near the level it was at last week before a weak U.S. jobs report helped trigger … Read more

Could India be a hedge for U.S. recession?

Could India be a hedge for U.S. recession?

This report is from this week’s CNBC’s “Inside India” newsletter which brings you timely, insightful news and market commentary on the emerging powerhouse and the big businesses behind its meteoric rise. Like what you see? You can subscribe here. The big story A surprise interest rate hike from the Bank of Japan and the Federal Reserve’s … Read more

live stocks, news, earnings and data

live stocks, news, earnings and data

Tourists visiting the city take boat trips on the canals in Amsterdam, Netherlands on May 25, 2024.  Anadolu | Anadolu | Getty Images LONDON — European stocks nudged just above the flatline in late trade Thursday, helped along by a revival in confidence around the U.S. economy. The pan-European Stoxx 600 index closed 0.02% higher … Read more

Cryptocurrencies resume their rebound, bitcoin retakes $59,000

Cryptocurrencies resume their rebound, bitcoin retakes ,000

Omer Taha Cetin | Anadolu | Getty Images Cryptocurrencies resumed their rebound from their big sell-off earlier in the week, with bitcoin retaking $59,000. The price of the flagship cryptocurrency was last higher by 8% at $59,385.40, according to Coin Metrics, rising above the $55,000 floor that has supported it for much of this year. … Read more

Palantir jumps on Microsoft partnership to sell AI to U.S. defense

Palantir jumps on Microsoft partnership to sell AI to U.S. defense

Alex Karp, chief executive officer of Palantir Technologies Inc., walks to the morning session at the Allen & Co. Media and Technology Conference in Sun Valley, Idaho, US, on Wednesday, July 10, 2024.  David Paul Morris | Bloomberg | Getty Images Palantir shares climbed about 6% on Thursday morning after the company announced a partnership … Read more