European markets are expected to open in mixed territory Thursday, retreating from gains in the previous trading session as traders cheered a cooler-than-expected inflation print in the U.S.The U.K.’s FTSE 100 index is expected to open 9 points higher at 8,306, Germany’s DAX down 26 points at 20,595, France’s CAC down 15 points at 7,475 and Italy’s FTSE MIB up 8 points at 35,705, according to data from IG.Trading updates are set to come from Whitbread, Deliveroo and Richemont, while Rio Tinto releases its latest operational review. Data releases include German inflation figures and U.K. monthly gross domestic product.The mixed open…
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A logo of Taiwan Semiconductor Manufacturing Company (TSMC) is seen during the TSMC global RnD Center opening ceremony in Hsinchu on July 28, 2023. (Photo by Amber Wang / AFP)Amber Wang | Afp | Getty ImagesTaiwan Semiconductor Manufacturing Company’s fourth-quarter revenue and profit beat expectations, as demand for advanced chips used in artificial intelligence applications continued to surge.Here are TSMC’s fourth-quarter results versus LSEG consensus estimates:Net revenue: 868.46 billion New Taiwan dollars ($26.36 billion), vs. NT$850.08 billion expectedNet income: NT$374.68 billion, vs. NT$366.61 billion expectedTSMC’s revenue in the December quarter rose 38.8% from a year earlier, while net income rose…
The long-sought, tortuously negotiated Gaza cease-fire deal announced on Wednesday came about in part through a remarkable collaboration between President Biden and President-elect Donald J. Trump, who temporarily put aside mutual animosity to achieve a mutual goal.The two presidents directed their advisers to work together to push Israel and Hamas over the finish line for an agreement to halt the fighting that has ravaged Gaza and release hostages who have been held there for 15 months. The deal is set to start on Sunday, the day before Mr. Biden turns over the White House to Mr. Trump.Each president had his…
A view shows the office of TikTok after the U.S. House of Representatives overwhelmingly passed a bill that would give TikTok’s Chinese owner ByteDance about six months to divest the U.S. assets of the short-video app or face a ban, in Culver City, California, March 13, 2024. Mike Blake | ReutersPresident Joe Biden’s administration is considering ways to keep TikTok available in the U.S. if a ban that’s scheduled to go into effect on Sunday proceeds, according to three people familiar with the discussions.”Americans shouldn’t expect to see TikTok suddenly banned on Sunday,” an administration official said, adding that officials are…
Traders work on the floor of the New York Stock Exchange on Jan. 15, 2025 in New York City. David Dee Delgado | 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 todayCore CPI below estimatesThe U.S. consumer price index increased a seasonally adjusted 0.4% on the month in December, putting the 12-month inflation rate at 2.9%, the U.S. Bureau of Labor Statistics reported Wednesday. Core inflation, which excludes food…
San Francisco Mayor Daniel Lurie told CNBC’s Jim Cramer on Wednesday that his city has the funding to hire more police officers in order to improve public safety conditions and coax businesses back into town.”We have to spend our dollars more effectively, more efficiently,” he said. “We have the money, and we will hire those police officers.”A Levi Strauss heir and philanthropist who had never held public office, Lurie defeated San Francisco’s incumbent mayor and took office last week. He spoke on his campaign promises to solve the city’s fentanyl crisis and bolster the police force, saying the department currently…
After 15 months of bombardment and suffering, the prospect of a cease-fire and a hostage release deal in Gaza provides Palestinians and Israelis with a glimmer of jubilation, but it’s a view tinged with uncertainty.For Palestinians, the agreement, if it is finalized, is likely to offer at least several weeks of respite from a devastating Israeli military campaign that has killed more than 45,000 people in Gaza, both civilians and combatants.For Israelis, it could allow for the release of at least one-third of the remaining hostages held by Hamas and its allies. The captives were taken when Hamas raided Israel…
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President Joe Biden on Wednesday night kicked off his farewell speech from the Oval Office, zeroing in on perceived threats to democracy and society, including an “oligarchy,” climate change and aspects of technology.He urged the country to ensure that artificial intelligence is safe and trustworthy, and lambasted how misinformation and disinformation spreads on social platforms.The president criticized how social media platforms, saying they were neglecting to fact-check, appearing to reference Meta ending its fact-checking program.Biden also said that he wishes the incoming Trump administration success.”It’s not just about the last four years of his administration. He is stepping down from his career,” White House press secretary…
David Solomon, CEO of Goldman Sachs, speaks during the Reuters NEXT conference, in New York City, U.S., December 10, 2024. Mike Segar | ReutersGoldman Sachs CEO David Solomon says there’s an end in sight to the multi-year IPO drought.”It’s going to pick up,” Solomon said on Wednesday, in an on-stage interview with Cisco CEO Chuck Robbins at a summit hosted by the computer networking company in Silicon Valley. “It’s been slow, it’s been turned off.”Solomon, who flew to California for the event just after his Wall Street bank reported fourth-quarter results that blew past analysts’ estimates, said the capital markets broadly…
