Attendees inspect the new iPhone 16 Pro and 16 Pro Max during an Apple special event at Apple headquarters on September 09, 2024 in Cupertino, California. Justin Sullivan | Getty Images News | Getty ImagesThis 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 can subscribe here.What you need to know todayBroad reboundU.S. stocks rebounded on Monday after posting huge losses last week. It was a broad rally across assets: Oil prices gained 1% and bitcoin…
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Omar Marques | Sopa Images | Lightrocket | Getty ImagesEurope’s top court on Tuesday ruled against Apple in the tech giant’s 10-year court battle over its tax affairs in Ireland. The pronouncement from the European Court of Justice comes hours after Apple unveiled a swathe of new product offerings, looking to revitalize its iPhone, Apple Watch and AirPod line-ups. CNBC has reached out to Apple for comment. The company’s shares were down 1% in premarket trading at 09:07 a.m. London time. In 2014, the European Commission, the European Union’s executive arm, opened an investigation into Apple’s tax payments in Ireland,…
Huawei was set to launch its tri-fold Mate XT phone on Tuesday.ScreenshotBEIJING — Chinese smartphone company Huawei said Tuesday its trifold smartphone will start at the equivalent of more than $2,800.The phone began pre-orders on Saturday and is set to begin in-store sales on Sept. 20. That’s the same day Apple’s new iPhone 16 series is due to launch in stores, including in China.On Monday stateside, Apple announced its iPhone 16 Pro Max will start at $1,199, and the iPhone 16 at $799. Preorders are set to begin Friday, and in-store sales on Sept. 20.The first set of Apple Intelligence…
Customers shop at a Samsung mobile store inside a shopping mall in New Delhi.Reuters | Anindito MukherjeeHundreds of workers at a Samsung Electronics plant in southern India have begun an indefinite strike to demand higher wages, partly hitting production on Monday, a union leader told Reuters.The strike comes after Samsung Electronics’ biggest union in South Korea held a four-day strike in August demanding higher wages and bonuses after talks with management fell through.Samsung employs under 2,000 workers at its Sriperumbudur plant near the city of Chennai which makes refrigerators and washing machines. Around half of the daily production was affected at the factory as many workers did not turn up for work, an industry source with direct knowledge said.E. Muthukumar, who heads the Samsung India union, said many people dressed in company uniform sat outside…
Illustration of a user browsing booking information for Huawei’s new foldable mobile phone in Suqian, Jiangsu province, China, Sept 8, 2024. Cfoto | Future Publishing | Getty ImagesAs Huawei tries to upstage Apple’s new iPhone with the launch of its own ‘trifold phone’ on Tuesday, its chip capabilities remain a weakness, despite recent breakthroughs, according to one analyst. Speaking to CNBC’s “Squawk Box Asia” on Tuesday, Martin Yang, senior analyst of emerging technologies at Oppenheimer & Co., said Huawei’s chip remains two or three years behind the cutting edge. The gap on technology for their systems-on-chip, or SoCs, that merge central processing with…
Nelson Peltz speaking at the 2019 Delivering Alpha conference in New York on Sept. 19, 2019.Adam Jeffery | CNBCNelson Peltz is stepping down as chair of Wendy’s, ending a 17-year reign at the fast-food chain.Wendy’s said Friday that the change is effective immediately.Peltz’s exit comes as low-income consumers eat out less, causing Wendy’s sales to slump. Shares of the burger chain have fallen more than 12% this year, dragging its market value down to $3.45 billion. Earlier this year, PepsiCo veteran Kirk Tanner stepped in as CEO and laid out plans to invest millions of dollars into updates to its…
An oil pump jack is shown in a field on June 27, 2024 in Stanton, Texas. Brandon Bell | Getty Images News | Getty ImagesSINGAPORE — Global markets are severely overplaying an oil supply glut, said Jeff Currie, chief strategy officer of energy pathways at private equity giant Carlyle.Concerns about a supply glut in the markets are “completely overplayed,” Currie said at the annual Asia Pacific Petroleum Conference in Singapore, attributing it to excessive pessimism about Chinese demand amid flat U.S. crude oil production.U.S. crude prices hit their lowest last week since June 2023 as demand from the world’s largest crude…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailCNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what’s ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today’s show, Mauricio Di Bartolomeo, co-founder & chief strategy officer at digital lending platform Ledn, explains why the firm’s bitcoin lending business ‘exploded’ following the launch of spot crypto ETFs in the United States. Source link
The Volvo logo is displayed at the Volvo Cars Hill Country dealership on September 04, 2024 in Austin, Texas.Brandon Bell | Getty Images News | Getty ImagesEuropean car giants are contending with a perfect storm of challenges on the path to full electrification, including a lack of affordable models, a slower-than-anticipated rollout of charging points and the potential impact of European tariffs on EVs made in China.Volvo Cars on Wednesday announced it had abandoned its heavily promoted plan to sell only EVs by 2030, citing a need to be “pragmatic and flexible” amid changing market conditions.The Swedish automaker said it…
Turkish Foreign Minister Hakan Fidan attends the BRICS+ session on a two-day BRICS foreign ministers summit held in Nizhny Novgorod, Russia on June 11, 2024.Sefa Karacan | Anadolu | Getty ImagesTurkey’s request to join the BRICS alliance is a move seen as both strategic and symbolic as the Eurasian country of 85 million makes increasing strides in its influence and leverage on the global stage.”Our president has already expressed multiple times that we wish to become a member of BRICS,” a spokesperson for Turkey’s leading AK Party told journalists earlier in September. “Our request in this matter is clear, and…
