Your source for breaking finance news and business headlines from around the globe
BEIJING — More controls on tech exports to China will be coming as needed, despite business concerns, U.S. Commerce Secretary Gina Raimondo told CNBC in an exclusive interview. “We have to change constantly,” Raimondo told CNBC’s Morgan Brennan over the weekend on the sidelines of the Reagan National Defense Forum. “I know that’s hard for …
The Federal Reserve needs to cut interest rates at least five times next year to avoid tipping the U.S. economy into a recession, according to portfolio manager Paul Gambles. Gambles, co-founder and managing partner at MBMG Group, told CNBC’s “Squawk Box Asia” the Fed was behind the curve on cutting rates, and in order to avoid …
Fed needs to cut rates at least five times next year, portfolio manager says Read More »
Check out the companies making headlines in midday trading. Lululemon — Shares declined 2% after Wells Fargo downgraded the athleisure company to equal weight from overweight. The firm said Lululemon’s prior positive catalysts have already played out, and it forecasts more muted growth in 2024. Coinbase , MicroStrategy , Marathon Digital — Shares of Coinbase …
Stocks making the biggest moves midday: Spotify, Virgin Galactic, Lululemon and more Read More »
LONDON — Manchester United will next week announce that British petrochemicals billionaire Jim Ratcliffe will take a 25% stake in the football club, Sky News reported Monday. The INEOS Group founder and CEO has long been linked with a takeover of the storied club, and Sky News reports that the agreement will see Ratcliffe pay …
Check out the companies making headlines before the bell: Coinbase — Crypto-related assets surged after Bitcoin topped $40,000 for the first time this year. Coinbase jumped 7%, MicroStrategy gained 7% and Marathon Digital climbed 13%. Uber Technologies — The ride-hailing stock rose 4% after S & P Dow Jones Indices on Friday said it will …
Stocks making the biggest moves premarket: Uber, Coinbase, Spotify, Alaska Air and more Read More »
The Wallace Insurance Agency provides tailored insurance options to meet individual and corporate requirements. Meridian, ID, November 15, 2023 / LinkDaddy News / – The Wallace Insurance Agency, a trusted insurance agency located in Meridian, Idaho, is pleased to offer custom insurance solutions for individuals and businesses. With a focus on personalized plans that address …
Tencent Music Entertainment is convincing more people in China to pay for music. In the July-to-September period, the company’s online music subscribers topped 100 million on a quarterly basis for the first time since TME listed in the U.S. in late 2018. That’s still just a fraction of the 594 million monthly active users that …
China’s version of Spotify is ‘underappreciated,’ Morgan Stanley says Read More »
The author behind the best-selling book “The Psychology of Money” is trying to relieve investor anxiety over market downturns. “Realizing how inevitable it is makes it more palatable to deal with when you go through it,” author and behavioral finance expert Morgan Housel told CNBC’s “ETF Edge” recently. It’s one of the major themes in …
The record gold rush may intensify into year-end. According to NewEdge Wealth’s Ben Emons, the final month of the year typically creates a bigger appetite for the yellow metal. “It’s been very consistent every December. It’s been a pretty strong performance for gold — especially when there is a rally in the stock market in …
Case for gold fever: NewEdge Wealth sees record rush intensifying Read More »
As Charlie Munger’s admirers around the globe mourn the loss of one of the most influential investors ever, a deep sense of gratitude and appreciation has spread — for his unparalleled business acumen as well as his uniquely sharp tongue. Munger, Berkshire Hathaway’s vice chairman who died Tuesday one month shy of his 100th birthday, left a mark on generations …
