Check out the companies making headlines in midday trading: Visa — Shares dropped nearly 4% following a Bloomberg report that the Justice Department is preparing to file an antitrust lawsuit against the credit card network and payments processor. Smartsheet — Shares surged more than 6% after Blackstone and Vista Equity Partners agreed to buy the software maker for $56.50 a share in cash, or about $8.4 billion . Unless another offer is made, the deal is expected to close by January 2025, pending shareholder approval. China stocks — Shares of Chinese companies soared after China’s central bank unveiled a host…
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Some Wall Street analysts and money managers see a path to monetization ahead for Apple ‘s latest artificial intelligence features despite some near-term rollout headwinds. Earlier this month, the technology behemoth debuted its iPhone 16 , incorporating its new AI features known as Apple Intelligence. Last week, the company rolled out its latest iOS 18 operating system , but said it will issue the AI tools in a beta version later this fall. The new set of tools has also come under regulatory scrutiny in both Europe and China . With these hurdles threatening the initial rollout of Apple’s AI…
Terms apply to American Express benefits and offers. Visit americanexpress.com to learn more.A credit card can be useful for financing purchases and consolidating debt if it offers a no-interest period. Some of the best credit cards can provide substantial savings with intro APRs on purchases, balance transfers or both — for up to 21 months. This makes intro 0% APR credit cards a potentially valuable tool for tackling credit card debt.Below, CNBC Select rounds up some of the best credit cards that offer no interest. See our methodology below.Best for low balance-transfer feeCiti Simplicity® CardRewardsWelcome bonusAnnual feeIntro APR0% Intro APR…
Democratic presidential nominee and Vice President Kamala Harris speaks to members of the media upon her arrival at Joint Base Andrews in Maryland on Sept. 22, 2024.Matt Rourke | Via ReutersMore than 400 economists and former White House policy advisors announced their support for Vice President Kamala Harris over former President Donald Trump in an open letter Tuesday.The endorsements come as Democrats and Republicans fight to frame their respective candidates as the better option for the U.S. economy in the November election, as high costs of living remain voters’ top priority in national polls.”The choice in this election is clear,”…
It had to be Rodri, didn’t it?The man who, before this season, according to football data website Transfermarkt, had missed just five games through injury for Manchester City since joining the club in 2019, is out — and possibly for the rest of the season.Why did it have to be Rodri who suffered a serious knee injury during the 2-2 draw against Arsenal on Sunday? Because football rarely fails to deliver cruel twists of irony and it was Rodri who, just last week, said players could be close to striking because they’re playing too much football.Now, the man who never…
Reserve Bank of Australia (RBA) at the central bank’s building in Sydney, Australia on May 2, 2022.Brendon Thorne | Bloomberg | Getty ImagesAustralia’s central bank on Tuesday held interest rates steady as expected and reiterated that policy needed to stay tight, sticking to its guns a week after the Federal Reserve started its easing campaign with a bang.The hawkish stance sent the Australian dollar 0.4% higher to $0.6864, the highest this year, and markets pared the chance of a December rate cut to 59% from 64% before the decision.Wrapping up its September policy meeting, the Reserve Bank of Australia (RBA)…
Sluggish salty snack sales have prompted questions about whether Ozempic and obesity treatments like Wegovy and Zepbound ae to blame. GLP-1 drugs have been cheered as an effective method to help patients with diabetes and obesity to manage their blood sugar levels, hunger and weight. Patients on these drugs eat less and develop an aversion to snacking. A Morgan Stanley survey conducted last year found people on these drugs cut back on confections by 66% , cookies by 65% and carbonated and sugary drinks by 65%. But investors have become increasingly worried that the growing usage of such drugs could…
Israeli President Isaac Herzog threatened further military action against Hezbollah one day after Israel launched air strikes across Lebanon, killing more than 550 people in the country’s deadliest day in nearly two decades.It marks a dramatic escalation of hostilities between Israel and Iranian-backed Lebanese militant group Hezbollah following nearly 12 months of strikes since the start of the Israel-Hamas war in Gaza, stoking fears of an all-out regional war.Thousands of Lebanese residents in the country’s south are fleeing their homes amid the bombardments, with many receiving automated text messages and calls telling them to evacuate. Israel’s government issued warnings to…
Democratic presidential nominee and U.S. Vice President Kamala Harris speaks at a campaign event in Atlanta, Georgia, U.S., September 20, 2024. Elijah Nouvelage | ReutersOver 400 economists and former White House policy advisers announced their support for Vice President Kamala Harris over former President Donald Trump in an open letter Tuesday.The endorsements come as Democrats and Republicans fight to frame their respective candidates as the better option for the U.S. economy in the November election, as high costs of living remain voters’ top priority in national polls.”The choice in this election is clear,” the letter read. “It is a choice between…
BERLIN — “Vamoooooos,” a roar, and the ball skied in celebration.Carlos Alcaraz did what he normally does when he wins a tennis match — except this time he was dressed all in blue, playing on a black court, and about to be mobbed by Alexander Zverev, Stefanos Tsitsipas, and Daniil Medvedev, men whose dreams of Grand Slam titles he has spent most of his career dashing.In dismantling U.S. Open finalist Taylor Fritz, 6-2, 7-5, Alcaraz clinched the 2024 Laver Cup for Team Europe, securing a 13-11 victory over Team World here in the German capital.Not 36 hours earlier, he used…
