The Oreo family pack on sale at one of Australia’s largest grocery store chains seemed to be a pretty good deal, with a discount of 50 Australian cents. Trouble was, the new price was still a full Australian dollar more than what the cookies cost a month earlier.And on Monday, in a rare case of legal action tied to rising prices, the Australian government sued over what regulators described as a pattern of deception used by Woolworths and Coles, the country’s duopoly of grocery store giants, between 2021 and 2023.Gina Cass-Gottlieb, chair of the Australian Competition and Consumer Commission, issued…
Author: usaeverydaylife
WASHINGTON — For many who answered to President Donald Trump, the job was a risk-reward proposition like no other.There was a chance to win his favor and shape national policy. And there was the possibility of running afoul of the boss and getting publicly humiliated.Cabinet secretaries came and went in a Trump administration marked by head-spinning turnover.Former advisers churned out memoirs detailing their frustrations with Trump, who in turn used his massive public platform to shower them with insults.Should he return to the White House, Trump would need to build a leadership team once again — a challenge made more daunting by his track…
Commerzbank headquarters in the financial district of Frankfurt, Germany, on Sept. 12, 2024.Bloomberg | Bloomberg | Getty ImagesUniCredit announced on Monday it had increased its stake in German lender Commerzbank to around 21% and submitted a request to boost the holding to up to 29.9%.The Italian bank acquired the additional Commerzbank shares through financial instruments, it said in a Monday statement. Earlier this month, UniCredit announced it had taken a 9% stake in Commerzbank, confirming that half of this shareholding was acquired from the German government.”UniCredit believes that there is substantial value that can be unlocked within Commerzbank, either stand-alone or within…
(This is CNBC Pro’s live coverage of Monday’s analyst calls and Wall Street chatter. Please refresh every 20-30 minutes to view the latest posts.) A software stocks and a nuclear energy play were among the names being talked about by analysts on Monday. Raymond James downgraded Palantir to market perform, citing a rich valuation. Meanwhile, Morgan Stanley raised its price target on Constellation Energy to $313m implying more than 20% upside. Check out the latest calls and chatter below. All times ET. 6:19 a.m.: Citi raises Meta price target Meta’s TikTok competitor Instagram Reels could be a lasting tailwind for…
The Brandenburg Gate casts long shadows over the almost deserted Pariser Platz, April 15, 2020 in Berlin, Germany.Kay Nietfeld | dpa | picture alliance via Getty ImagesEurope looks to be heading toward a downturn as its biggest economies, Germany and France, battle political and economic woes at home.Business activity in the manufacturing and services industries in both countries — Europe’s largest and second-largest economies, respectively — fell much more than expected in September, data showed Monday.In Germany, the HCOB flash composite purchasing manager’s index (PMI), measuring business activity across both sectors, fell from 48.4 in August to 47.2 in September,…
The Dubai International Financial Centre (DIFC) area of Dubai, United Arab Emirates, with the Burj Khalifa in the backdrop, Sept. 16, 2022.Christopher Pike | Bloomberg | Getty ImagesGlobal chip giants Taiwan Semiconductor Manufacturing Co. and Samsung Electronics have been in talks with the United Arab Emirates to explore building megafactories in the Middle East, The Wall Street Journal reported Sunday, citing people familiar with the interactions and strategies involved.Top executives at TSMC have visited the Gulf state recently to discuss plans of building factory complexes that are comparable to some of the company’s largest and most sophisticated facilities in Taiwan,…
Customers sit outside at a cafe terrace in Paris, France, on Nov. 10, 2021.Bloomberg | Bloomberg | Getty ImagesLONDON — European stocks were flat in early trade Monday morning as German and French business activity data pointed to renewed declines in the region’s two largest economies.The pan-European Stoxx 600 index opened modestly higher, up just 0.06% at the open, with oil and gas, telecoms, technology and banks seeing the strongest start to the day. The index then turned flat shortly after as regional purchasing managers’ index data for France and Germany was released.France’s CAC index traded almost 0.5% lower after…
Britain’s Finance Minister Rachel Reeves has pledged to make the “necessary”, “urgent” and “incredibly tough” choices to restore the country’s economic stability.Pool | Getty Images News | Getty ImagesFinance minister Rachel Reeves will promise Britain on Monday there will be no return to “austerity” or widespread spending cuts despite previous warnings of a tough budget aimed at fixing the foundations of the economy.Following Labour’s election victory in July, Reeves suggested taxes were likely to rise in her first budget on Oct. 30 because of what she said was a 22 billion-pound ($29 billion) hole in the public finances. She also…
Traders work on the floor of the New York Stock Exchange on September 18, 2024 in New York City.Stephanie Keith | 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 todayDow closes at new highU.S. markets traded mixed Friday. The Dow Jones Industrial Average rose to touch a new high, but the S&P 500 and Nasdaq Composite dropped. Asia-Pacific stocks mostly rose Monday. China’s Shanghai Composite…
The Week 3 slate brought a reality check for some, and some glimmers of hope for a couple of the NFL’s winless teams. It also featured some significant moments for a couple of coaches and quarterbacks. TAKE IT @Saquon! 65-YARD RUN FOR THE LEAD! pic.twitter.com/644j4kcyAQ — Philadelphia Eagles (@Eagles) September 22, 2024The Baltimore Ravens got their first win of 2024, and so did the Andy Dalton-led Carolina Panthers. The Minnesota Vikings continue to assert themselves, Nick Sirianni and the Philadelphia Eagles avoided disaster, and the Pittsburgh Steelers might have found their quarterback. The Athletic NFL writers Tim Graham, Ted Nguyen…
