HONG KONG — A 7.1-magnitude earthquake struck near one of Tibet’s holiest cities Tuesday, killing at least 95 people, Chinese state media reported.The earthquake, which was recorded just after 9 a.m. (8 p.m. ET Monday), was centered at a depth of nearly 6 miles, according to the U.S. Geological Survey.The tremor, which Chinese authorities recorded as magnitude 6.8, hit Dingri County in Shigatse, a mountainous region in western China that borders Nepal. Shigatse, which is about 240 miles from the Tibetan capital, Lhasa, is the seat of the Panchen Lama, the second most important spiritual figure in Tibetan Buddhism after the Dalai Lama.At…
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An attractive buying opportunity has emerged after a recent sell-off in Carvana , according to RBC. The bank upgraded online car seller to outperform from sector perform. Analyst Brad Erickson also raised his price target to $280 from $270, implying upside of 48%. Carvana shares dropped nearly 22% in December and are already down 7% in January. That said, the stock managed a stunning 284% gain in 2024 despite last month’s steep pullback. CVNA 1Y mountain CVNA 1Y chart “After CVNA’s remarkable turnaround last year, we see the controversial pullback as an opportunity … with the primary upside drivers being…
(COMBO) This combination of pictures created on November 14, 2024 shows US President-elect Donald Trump on November 13, 2024, and Special Counsel Jack Smith on June 9, 2023. Saul Loebmandel Ngan | AFP | Getty ImagesPresident-elect Donald Trump and his former co-defendants in the Florida classified documents case launched an effort Monday to block the release of a final report by special counsel Jack Smith that also addresses the election interference case.Both cases against Trump have been dismissed.Lawyers for defendants Walt Nauta and Carlos De Oliveira filed a motion Monday night asking U.S. District Judge Aileen Cannon to block Smith, who prosecuted the case, from…
Justin Trudeau’s announcement on Monday that he would resign was the last card that Canada’s deeply unpopular prime minister, who had set his party on course to lose a national election, had left to play.The political levers he has pulled will give Mr. Trudeau’s Liberal Party a chance to reinvent itself without him. But they will also leave Canada weakened as it braces for President-elect Donald J. Trump, who has threatened the country with tariffs that could cripple its economy.It appears to be a gamble that Mr. Trudeau is willing to take.To allow his party’s thousands of members to choose…
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…
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…
