U.S. lawmakers head to a meeting with Chinese Premier Li Qiang at the Great Hall of the People in Beijing on Sept. 21, 2025.Mahesh Kumar A. | Afp | Getty ImagesA group of U.S. lawmakers on a rare visit to Beijing told China’s No.2 leader, Premier Li Qiang, that the world’s two largest economies need to step up engagement and “break the ice” as both superpowers made further inroads into stabilising ties.The visit on Sunday was the first House of Representatives delegation to visit China since 2019. The COVID-19 pandemic ended formal House visits in 2020, and relations rapidly deteriorated…
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Travellers wait in Terminal 4 at Heathrow Airport on Sept. 20, 2025 after major European airports including Brussels, Berlin and London’s Heathrow were hit by “cyber-related disruption.”Justin Tallis | Afp | Getty ImagesDisruption at some European airports continued for a second day on Sunday after a cyberattack targeted check-in technology company Collins Aerospace.The U.K.’s largest airport, Heathrow, was among those affected, along with Berlin and Brussels airports.Brussels Airport said it expected heavy disruption and flight cancellations into Sunday as a result of the cyberattack.What happened?Collins Aerospace “provides check-in and boarding systems for several airlines across multiple airports globally,” Heathrow Airport…
Lucy Guo attends as Passes presents Lucypalooza 2024 during LA Tech Week on October 16, 2024, in Beverly Hills, California.Gonzalo Marroquin | Getty Images Entertainment | Getty ImagesSeveral billionaires and successful entrepreneurs never went to college, from Bill Gates to Mark Zuckerberg — and 30-year-old Lucy Guo recently joined their ranks.The California-based founder became Forbes’ youngest self-made billionaire in June, boasting a net worth of $1.25 billion, after her first business, Scale AI, was acquired by tech giant Meta in a deal that valued the AI data labelling company at $29 billion.Currently the founder of content creator monetization platform Passes, launched in…
CNBC is on the road this week to assess if Europe’s economic recovery is intact. Source link
The latest ruling for Google in the company’s antitrust case will likely remove any overhang for Alphabet shares, Piper Sandler wrote Thursday. Analyst Thomas Champion reiterated his overweight rating on the “Magnificent Seven” name and hiked his price target to $285 from $220. That updated target reflects more than 14% upside from Wednesday’s close. Earlier this month, a federal judge ruled that Google is able to keep its Chrome browser , after another judge had ruled that Google illegally held a monopoly in internet search. That latest judicial victory gave a boost to shares. Alphabet is up more than 17%…
Car prices are still hovering near all-time highs, but one of the main reasons is that automakers are stacking their lineups with high-end vehicles.As of August, the share of new cars sold over $50,000 was almost double what it was in 2019, according to Cox Automotive. There were about 33 models for sale with a manufacturer’s suggested retail price, or MSRP, above $100,000 and 18 below $30,000.Wealthier customers have been boosted by rising house values, stock market returns and favorable credit, while lower- and middle-income buyers find themselves locked out.”We either need a much more viable, lower cost alternative or something…
(This is a wrap-up of the key money moving discussions on CNBC’s “Worldwide Exchange” exclusive for PRO subscribers. Worldwide Exchange airs at 5 a.m. ET each day.) Investors are looking for opportunities in health care and the bond market following the Federal Reserve cutting its benchmark rate. ‘Worldwide Exchange’ pick: UnitedHealth (UNH) Barbara Doran of BD8 Capital sees opportunity in UnitedHealth , which has fallen more than 30% year to date. “This was a premium company that was really steady state had best in class operations management, but the last two years, post Covid, a big problem with utilization rates…
White House press secretary Karoline Leavitt on Saturday revealed further details of a deal reached between the U.S. and China over control of the popular social media platform TikTok, sharing that six Americans will sit on the seven-seat board that will control the company and that the U.S. would control the app’s algorithm.”This deal does put America first,” Leavitt told Fox News on Saturday. “And let me just be very clear. This deal means that TikTok will be majority-owned by Americans in the United States. There will be seven seats on the board that controls the app in the United…
A cash-covered put strategy, also known as a naked put or simply a covered put in some contexts, involves selling (writing) a put option on an underlying stock while simultaneously setting aside sufficient cash in the account to purchase the underlying shares if the option is exercised (assigned). This approach generates income from the premium received for selling the put, while positioning the investor to potentially acquire the stock at a discounted effective price. The “cash-covered” designation distinguishes it from a “naked” put, where no collateral is reserved. To execute the strategy: Select the underlying asset: Identify a stock the…
What do you get for the market that already has everything? All right, maybe not everything, but investors have been blessed with an abundance of advantages and good fundamental fortune, along with the policy help the market both hoped for and expected. The bulls got a dovish turn from the Federal Reserve without much noticeable slowing in growth, with stock indexes at a record, credit markets blissfully sedate and capital investments running in torrents into the economy. Sectors geared to consumer spending, lending, securities trading and industrial activity have outperformed along with tech, hardly the behavior of a market desperate…
