Prices are displayed in a store window in Brooklyn on August 14, 2024 in New York City. Spencer Platt | Getty Images News | 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 todayStubborn core inflationPrices in the U.S. rose 0.2% in August, the Bureau of Labor Statistics reported, in line with the Dow Jones consensus. The 12-month inflation rate was at 2.5%, the lowest since February…
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ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailSquawk Box AsiaPeter McNally with Third Bridge says Boeing still faces manufacturing and delivery issues, which is impacting the company’s cash flow.02:262 minutes ago Source link
Designer Diane von Furstenberg and Oprah Winfrey speaks onstage at the 3rd annual Diane Von Furstenberg awards at the United Nations on March 9, 2012 in New York City.Andrew H. Walker | Getty Images Entertainment | Getty ImagesOprah Winfrey and Diane von Furstenberg have doubled down on their support for Democratic presidential nominee Kamala Harris, saying that the alternative option would be unacceptable for women.Speaking to CNBC, Winfrey said that women’s reproductive rights had become one of the most pressing and divisive issues in the U.S. today, and that Harris was the only candidate who would preserve them.”She [Harris] should…
Jensen Huang, co-founder and chief executive officer of Nvidia Corp., speaks during an event in Taipei, Taiwan, on Sunday, June 2, 2024. Annabelle Chih | Bloomberg | Getty ImagesAsian chipmaking heavyweights extended Wall Street’s rally as Nvidia CEO Jensen Huang made bullish comments about the AI darling’s outlook.The founder of the artificial intelligence chip powerhouse discussed his views on the company’s moat, its rivals and supply chain at Goldman Sachs Communacopia + Technology Conference in San Francisco. Nvidia shares rallied 8% Wednesday as Huang described the demand for the company’s products as “so great” that it “is really emotional for people.””We…
Dutch digital bank Bunq is plotting re-entry into the U.K. to tap into a “large and underserved” market of some 2.8 million British “digital nomads.”Pavlo Gonchar | Sopa Images | Lightrocket | Getty ImagesDutch challenger bank Bunq told CNBC that it plans to grow its global headcount by 70% this year to over 700 employees, even as other financial technology startups have decided to cut jobs.Bunq, which operates in markets across the European Union, is looking to expand into new regions including the U.K. and the United States, taking on the fintechs already in those countries, including the likes of…
An exterior view of the U.S. Capitol in Washington, DC on September 9, 2024. Members of the Senate and U.S. House of Representatives return to the Nation’s capitol, following their August recess.Bonnie Cash | Getty Images News | Getty ImagesAmerican lawmakers have passed a bipartisan bill that could eventually lead to the shuttering of Hong Kong’s U.S.-based trade offices, drawing strong condemnation from the Chinese-ruled city and Beijing. The legislation, the Hong Kong Economic and Trade Office Certification (HKETO) Act, was passed by the U.S. House of Representatives with overwhelming support on Tuesday. If it clears the Senate and is signed into…
The team from the Geological Agency of the Ministry of Energy and Mineral Resources (ESDM) took samples of natural hydrogen gas found in One Pute Jaya Village, Morowali Regency, Central Sulawesi Province, Indonesia, 23 October 2023.Nurphoto | Nurphoto | Getty ImagesKoloma, a U.S.-based clean fuel startup backed by Bill Gates and Jeff Bezos, says it wants to use expertise that has traditionally served the hydrocarbon industry to power a global gold rush for buried hydrogen.It comes as buzz continues to build over the clean energy potential of geologic hydrogen, a long-overlooked resource that advocates say could play a pivotal role in the…
UBS CEO urges ECB to take a cautious approach, suggests a ‘moderate’ interest rate cutA “moderate” interest rate cut would be the appropriate course of action for the European Central Bank, according to UBS CEO Sergio Ermotti.His comments ahead of the ECB’s highly anticipated meeting on Thursday, with analysts suggesting that the most likely outcome is for policymakers at the central bank to deliver a quarter-point rate cut.When asked for his views on the appropriate course of action for the ECB, Ermotti replied, “I guess a moderate cut.””There is room for the ECB and, in general, the central banks as…
Semiconductor stocks have been volatile. Last Friday, the VanEck Semiconductor ETF fell 11.6% in a day. Overall, the index has plunged 26% since mid-August, including Friday’s declines. Before that, the index was going through wild swings, first diving in July before recovering in early August, then tumbling again. The ETF is still up about 27% year-to-date, however. Investors might be wondering: What’s the outlook for semiconductor stocks — which have been boosted by artificial intelligence — and are there pockets of buying opportunity? In a report released Tuesday, Morningstar said demand is set to continue improving, while memory prices and…
The United States supports creating two permanent United Nations Security Council seats for African states and one seat to be rotated among small island developing states, U.S. Ambassador to the U.N. Linda Thomas-Greenfield will announce on Thursday.Eduardo Munoz | ReutersThe United States supports creating two permanent United Nations Security Council seats for African states and one seat to be rotated among small island developing states, U.S. Ambassador to the U.N. Linda Thomas-Greenfield will announce on Thursday.The move comes as the U.S. seeks to repair ties with Africa, where many are unhappy about Washington’s support for Israel’s war in Gaza, and deepen relations with Pacific Islands nations important to countering Chinese influence in the…
