Europe-listed stocks listed are expected to open in mixed territory on Thursday, as investors await the latest U.S. jobs data.Futures tied to the FTSE 100 were last seen trading 0.2% lower, while those linked to the German DAX index and France’s CAC 40 were flat.On Thursday, the U.S. Labor Department will release its latest weekly jobs data. Federal Reserve Chair Jerome Powell said on Tuesday that the cooling labor market was overriding concerns about sticky inflation, prompting the central bank’s first interest rate cut of the year.Back in Europe, investors will be monitoring French and German consumer confidence reports, along…
Author: usaeverydaylife
The Roche Holding AG headquarters on April 11, 2025, in Basel, Switzerland.Sedat Suna | Getty Images News | Getty ImagesSwiss pharmaceutical firm Roche is targeting becoming a top three obesity player globally, posing a potential rival to heavyweights Novo Nordisk and Eli Lilly as it advances one of its experimental weight-loss drugs to a late-stage trial.”I want you to know that I am serious about this goal,” Teresa Graham, CEO of Roche Pharmaceuticals, told investors and analysts on at Roche’s Pharma Day in London on Monday.”We know how to break into new markets,” she added.The drugmaker said earlier this week…
Sales of newly built homes rose a much larger-than-expected 20.5% in August compared with July to the highest level since January 2022, according to the U.S. Census. It is also the largest one-month gain since August 2022. Sales were 15.4% higher than August 2024.This count is based on people out shopping in August and signing deals, when the average rate on the 30-year fixed mortgage was higher than it is today. That rate started August at 6.63%, according to Mortgage News Daily, and didn’t really move much during the month.The sharp decline in rates began in September, when it fell…
The City of London financial district at sunrise.Alexander Spatari | Moment | Getty ImagesBank chiefs in London are calling for greater policy clarity and stability amid fears that looming tax hikes in the forthcoming U.K. budget could hit the financial services sector.Speaking with CNBC’s Steve Sedgwick and Ritika Gupta in London’s Canary Wharf district on Wednesday, CEOs from Barclays, Citi and J.P. Morgan said the U.K. had successfully weathered the upheaval brought about by U.S. President Donald Trump’s tariff turmoil in April, with financial services since seeing stronger corporate profitability and an improved deal-making environment.However, they also expressed caution ahead…
Light uses artificial intelligence to automate companies’ finance and accounting functions.LightDanish startup Light is the latest in a series of European tech firms raising cash as venture capitalists search for the next big thing in artificial intelligence.Founded in 2022, Light develops software that uses AI to automate various functions that exist within businesses’ finance teams, including accounting, bookkeeping and financial reporting.The Copenhagen-headquartered company told CNBC that it had raised $30 million in a Series A funding round led by Balderton Capital, an early investor in fintech unicorns Revolut and GoCardless.Atomico, Cherry Ventures, Seedcamp and Entrée Capital also invested in the…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailCNBC’s Kristina Partsinevelos discusses a Bloomberg report about how Intel is seeking an investment from Apple as part of its comeback bid.03:10Wed, Sep 24 20255:19 PM EDT Source link
The All-Electric Acura ZDX is displayed during the 2023 Los Angeles Auto Show at the Los Angeles Convention Center on November 24, 2023 in Los Angeles, California. Josh Lefkowitz | Getty Images News | Getty ImagesDETROIT — Honda Motor is ending U.S. production of its Acura ZDX electric vehicle that was being produced by General Motors in Tennessee, CNBC has learned.Production of the vehicle for the 2026 model year was slated to begin this month at GM’s Spring Hill Assembly plant in Tennessee, however Honda “has decided to cancel all future production,” according to a message Tuesday to plant workers that…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailCNBC’s “Fast Money” team discusses what it could mean for Intel if Apple invests in the company following a Bloomberg report about Intel seeking cash from Apple as part of its comeback bid.07:11Wed, Sep 24 20255:30 PM EDT Source link
A trader works on the floor of the New York Stock Exchange on Sept. 18, 2025. NYSEStock futures were little changed Wednesday night as investors awaited upcoming jobs data.S&P futures ticked higher by about 0.1%, while Nasdaq 100 futures hovered above the flatline. Futures tied to the Dow Jones Industrial Average added 39 points, or nearly 0.1%. Intel shares gained 1.5% in after-hours trading after Bloomberg reported, citing people familiar with the matter, that the chipmaker has approached Apple to seek an investment from the iPhone maker.The three major U.S. indexes fell for the second session in a row on…
Key PointsXiaomi plans to open showrooms in Europe when it launches its electric cars in the region in 2027, a top executive at the Chiense tech giant told CNBC.Xu Fei, a vice president at Xiaomi, said the comapny could also manufacture cars locally in the future.Xu did not reveal which car Xiaomi would launch in Europe but said the company would not “design a totally new product.” Xiaomi has begun preparations to find showroom locations in Europe for its electric vehicles and may even manufacture the cars locally in the future as it plans its expansion in the region, a…
