Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., August 30, 2024. Brendan McDermid | ReutersLONDON — European stocks tumbled in morning deals Wednesday, following losses on Wall Street and in Asia-Pacific markets.The pan-European Stoxx 600 index was 0.9% lower at 9:34 a.m. in London, with all sectors in the red. Technology stocks dropped 2.36% as travel stocks shed 1.4%.U.S. stock futures were lower early Wednesday.The declines stateside prompted Asia-Pacific markets to plunge overnight, with Japan’s Nikkei 225 down 3.19%, leading losses in Asia, while the broad based Topix was down 2.79%.”I don’t think we’ve…
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ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailCNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what’s ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today’s show, Eric Jardine, cybercrime research lead at Chainalysis, discusses the blockchain analysis firm’s latest mid-year crime update, which reveals that a certain type of crypto romance scam is proving to be highly lucrative. Source link
The Nvidia headquarters in Santa Clara, California, US, on Wednesday, Aug. 28, 2024. Loren Elliott | Bloomberg | 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 todayNvidia sinksNvidia shares plummeted 9.5% Tuesday. Nvidia’s slide continued in extended training, falling 2% after it was reported the company received subpoenas as part of an antitrust investigation. Perhaps aware of the risks, more than half of Tiger 21’s members…
LONDON, ENGLAND – SEPTEMBER 01: Mel B speaks on stage during “A Brutally Honest Evening With Mel B” in support of Women’s Aid at The Savoy Theatre on September 1, 2019 in London, England. (Photo by David M. Benett/Dave Benett/Getty Images)Dave Benett | Getty Images Entertainment | Getty ImagesSpice Girl Melanie Brown, better known as Mel B or Scary Spice, has spoken of the sexism that the girl group faced in a male-dominated music industry during the 1990s.Speaking to CNBC’s Tania Bryer, Brown, who became a member of the iconic British pop group upon its formation in 1994, talked about…
Dmytro Kuleba at the Ukraine Recovery Conference in Berlin, Germany, on Tuesday, June 11, 2024. Bloomberg | Bloomberg | Getty ImagesUkraine’s wartime Minister of Foreign Affairs Dmytro Kuleba tendered his resignation, Ukrainian Parliament Speaker Ruslan Stefanchuk said Wednesday.”The application will be considered at one of the nearest plenary sessions meetings,” the Parliament speaker added in a Google-translated post on the Facebook social media platform.Kuleba, 43, took on the post of Ukraine’s minister of foreign affairs in March 2020, serving throughout the country’s ongoing invasion at the hands of neighboring Russia since February 2022. He was previously appointed as permanent representative of Ukraine to…
For the past two years, the monthly nonfarm payrolls reading has taken a backseat to inflation readings as the key economic indicator for markets. But with inflation gradually coming off the boil and worries mounting over the labor market, the jobs report is getting its mojo back. In particular, this Friday’s reading could well be the most important economic data point of the year, as it is expected to go a long way in determining how soon and by how much the Federal Reserve starts lowering interest rates. “The August jobs report is crucial for Fed policy,” Aditya Bhave, senior…
Oil pumpjacks operate as the Lake Fire burns in Los Padres National Forest with evacuation warnings in the area on July 6, 2024 near Los Olivos, California. Mario Tama | Getty ImagesOil prices extended declines during Asia trading hours, after a report that Libya’s oil production was set to be restored pressured prices overnight.OPEC+ plans to raise output amid weakness in China’s economy have also been dragging prices lower.Global benchmark Brent slipped 0.57% to $73.33 a barrel, while U.S. West Texas Intermediate futures fell 0.65% to trade at $69.88 per barrel.The slide in oil prices is the culmination of several events, said Andy Lipow,…
With Labor Day come and gone and the summer lull on Wall Street over, the bears are getting louder just in time for the start of the worst month of the year for stocks. During Tuesday’s market rout, Jim Cramer said, “Buy the dip.” However, before buying in earnest for the Club, Cramer wants to see the overbought market, which has been that way since Aug. 19, abate. It’s going to take a lot more than a decline of 2.1% in the S & P 500 at the start of September trading to swing the Oscillator to oversold. At a…
Republican presidential nominee and former U.S. President Donald Trump gestures as he holds a rally at the Cambria County War Memorial Arena in Johnstown, Pennsylvania, U.S. August 30, 2024. Brian Snyder | ReutersThe X accounts of two family members of Republican presidential nominee Donald Trump’ appeared to have been hacked Tuesday in order to promote a scam aimed at cashing in on the Trump family’s nascent crypto venture.The hacks come as the former president prepares to release his crypto policy platform, and his campaign wrestles with the fallout of a foreign cyberattack.Shortly after 8:15 p.m. ET, the X account belonging to…
CNBC’s Jim Cramer reviewed Tuesday’s market action, saying some of it seems more extreme than is actually warranted.”This market’s so ridiculous, you can knock it over with a feather or take it up with a breeze,” he said. “This isn’t the worst of times, it’s just the worst of times for the stocks in certain industries and the best of times for others.”The averages tumbled Monday as investors sold off tech stocks and worried about weaker-than-expected results from manufacturing data. The Dow Jones Industrial Average slid 1.51% while the S&P 500 dipped 2.12% and the Nasdaq Composite declined 3.26%.A number…
