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Tag: Markets

CNBC Daily Open: Why markets aren’t always a good barometer for the economy

A trader works on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., September 4, 2024.Brendan Mcdermid |...

Huawei’s tri-fold phone gets 2.7 million pre-orders ahead of Apple’s iPhone 16 launch

Huawei is planning to release a three-fold smartphone on Sept. 10, just hours after Apple's scheduled new iPhone launch.Cfoto | Future Publishing |...

China’s consumer price index climbs 0.6% in August, missing expectations

egetable prices in China have risen significantly this summer, with analysts pointing to high temperatures and frequent rainfall as the main reasons. Vcg...

Nikkei leads losses in Asia, briefly falling 3% as markets decline after weak U.S. jobs data

People look at the city's skyline from the Bunkyo Civic Center Observation Deck in Tokyo on August 14, 2024. Philip Fong | AFP |...

Boeing and union reach a labor deal, potentially averting a strike

A Boeing employees works outside of the cockpit of a Boeing 737 MAX 8 airplane in the company's factory, on March 27, 2019...

Many ‘doubted the vision’: Saudi investment minister touts ‘green shoring’ on path to diversification

Khalid Al-Falih, Saudi Arabia's investment minister, during the Bloomberg New Economy Forum in Singapore, on Wednesday, Nov. 8, 2023. Bloomberg | Bloomberg | Getty...

ETFs are on pace to break record annual inflows, but this wild card could change it all

Exchange-traded fund inflows have already topped monthly records in 2024, and managers think inflows could see an impact from the money market fund...

Small nuclear reactors could power the future — the challenge is building the first one in the U.S.

Nuclear plants could become smaller, simpler and easier to build in the future, potentially revolutionizing a power source that is increasingly viewed as...

3 ways Wall Street’s largest banks are leveraging AI to increase profitability

Big banks are jumping headfirst into the AI race. Over the past year, Wall Street's largest names — including Goldman Sachs , Bank...

U.S. payrolls grew by 142,000 in August, less than expected

The U.S. economy created slightly fewer jobs than expected in August, reflecting a slowing labor market while also clearing the way for the...

U.S. financial markets, public companies are a growing target for Russian hackers

People walk through the financial district by the New York Stock Exchange (NYSE) on August 14, 2024, in New York City. Spencer Platt |...

Nobel winner Joseph Stiglitz says Fed raised rates ‘too far, too fast’ — and now needs to cut big

Nobel Prize-winning economist Joseph Stiglitz says the Federal Reserve should deliver a half-point interest rate cut at its forthcoming meeting, accusing the U.S....

China should focus on fighting deflationary pressure, former central bank governor says

Yi Gang was governor of the People's Bank of China from 2018 to 2023. He is pictured here speaking at the Peterson Institute...

CNBC Daily Open: Don’t confuse slow hiring with layoffs

A hiring sign is displayed in the window of a Chipotle on August 22, 2024 in Alexandria, Virginia. Anna Rose Layden | Getty Images...

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