A man rides bicycle on a snow-covered street after snowfall in Frankfurt am Main, western Germany, on December 29, 2024. Kirill Kudryavtsev | Afp | Getty ImagesAnnual inflation in the euro zone rose for a third straight month to reach 2.4% in December, statistics agency Eurostat said Tuesday.The reading was in line with the forecast of economists polled by Reuters and marked an increase from a revised 2.2% print in November. Core inflation held at 2.7% for a fourth straight month, also meeting economists’ expectations, while services inflation nudged up to 4% from 3.9%.Headline inflation was widely expected to accelerate after…
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Reports of a surge in cases of a respiratory virus in China have evoked dark echoes of the start of the Covid-19 pandemic almost exactly five years ago.But despite the surface similarities, this situation is very different, and far less worrisome, medical experts say.The Chinese cases are reported to be infections with human metapneumovirus, known to doctors as HMPV. Here is what we know so far:What is HMPV?It is one of several pathogens that circulate across the world each year, causing respiratory illnesses. HMPV is common — so common that most people will be infected while they are still children…
Nvidia CEO Jensen Huang delivers a keynote address at the Consumer Electronics Show in Las Vegas, Nevada, on Jan. 6, 2025.Patrick T. Fallon | Afp | 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 todayBack to back gains for S&P and NasdaqU.S. stocks mostly rose on Monday, with the S&P 500 and Nasdaq Composite climbing two days in a row. Artificial intelligence darling Nvidia closed…
Trudeau will resign as prime ministerJustin Trudeau, who has served as Canada’s prime minister for almost a decade, said that he would step down in the coming months, bowing to an angry electorate at a time of uncertain economic prospects and political infighting. He has suspended Parliament until March 24, he said.The announcement has left Canada in political flux just as the incoming Trump administration has vowed to impose punishing tariffs on Canadian imports. Trudeau’s replacement will be chosen through a nationwide Liberal Party election.He is the latest leader in the West to be swept aside by a mood of…
DLocal is one of Latin America’s most prominent payment players. It specializes in cross-border payments for emerging markets such as Brazil, Mexico, Colombia and its home country, Uruguay.Sopa Images | Lightrocket | Getty ImagesLONDON — Uruguayan payments firm dLocal has secured a U.K. payment institution license, adding to the company’s growing portfolio of regulatory authorizations as it furthers global expansion.The emerging markets-focused fintech told CNBC it had acquired an authorized payment institution license from the Financial Conduct Authority, which is Britain’s financial services regulator. That would allow it to start onboarding U.K. merchants for the first time.DLocal will onboard U.K.…
Dozens of people were killed and hundreds of buildings were toppled after a 7.1-magnitude earthquake struck a region near one of Tibet’s holiest cities, close to the Himalayan border with Nepal on Tuesday. Tremors were felt in Nepal.The quake struck shortly after 9 a.m. at a depth of 6.2 miles in Dingri County in Tibet, Chinese state media reported. The state-run news agency Xinhua said at least 53 people had died and that rescue teams were deployed to locate more victims. Xinhua published video of police removing rubble and lifting debris.China’s state broadcaster reported that more than 1,000 houses had…
Traders work on the floor of the New York Stock Exchange on the last day of trading for the year on Dec. 31, 2024 in New York City. Spencer Platt | Getty ImagesU.S. stock futures slipped on Tuesday morning after the S&P 500 and Nasdaq Composite notched a second winning day.S&P 500 futures were down 0.06%, while Nasdaq 100 futures were 0.17% lower. Futures tied to the Dow Jones Industrial Average slipped 33 points, or less than 0.1%.In after-hours action, shares of Ulta Beauty rose about 1% after the company named a new CEO and hiked its fourth-quarter guidance.During the regular…
Taiwan is investigating whether a ship linked to China is responsible for damaging one of the undersea cables that connects Taiwan to the internet, the latest reminder of how vulnerable Taiwan’s critical infrastructure is to damage from China.The incident comes as anxiety in Europe has risen over apparent acts of sabotage, including ones aimed at such undersea communication cables. Two fiber-optic cables under the Baltic Sea were severed in November, prompting officials from Sweden, Finland and Lithuania to halt a Chinese-flagged commercial ship in the area for weeks over its possible involvement.In Taiwan, communications were quickly rerouted after the damage…
U.S. stocks ended 2024 on a high, with the S & P 500 finishing last year with gains of over 23%. While funds tracking the major indices will have logged similar returns, a handful of actively managed ETFs marketed in Europe outperformed, including JPMorgan’s US Research Enhanced Index Equity ETF and Invesco’s Quantitative Strategies ESG Global Equity Multi-Factor ETF. CNBC Pro screened 321 ETFs in Europe that are invested in equities, fixed income, or commodities, and are not leveraged or produced inverse returns. JEUS JPMorgan’s US Research Enhanced Index Equity SRI Paris Aligned UCITS ETF was the best performing ETF…
The Nvidia headquarters in Santa Clara, California, U.S., on Tuesday, Nov. 19, 2024.David Paul Morris | 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 todayBack to back gains for S&P and NasdaqU.S. stocks mostly rose on Monday, with the S&P 500 and Nasdaq Composite climbing two days in a row. Artificial intelligence darling Nvidia closed at a record high. The pan-European Stoxx 600…
