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Tag: Markets

Microsoft fires back at Delta after massive outage, says airline declined ‘repeated’ offers for help

Microsoft fired back at Delta Air Lines on Tuesday after the carrier said it would seek damages from the software giant and CrowdStrike...

U.S. crude oil rises as Wall Street rallies, market braces for expected Iran attack against Israel

U.S. crude oil rose above $73 a barrel on Tuesday as the market braces for an attack by Iran against Israel and Wall...

SunPower files for bankruptcy, plans to sell off assets — stock drops more than 30%

Workers install solar panels during a SunPower installation on a home in Napa, California, on July 17, 2023.David Paul Morris | Bloomberg |...

Correction in the dollar-yen was overdue and may be ‘healthy’ for markets, former ECB chief says

The recent rapid strengthening of the Japanese yen can be seen as an overdue and healthy correction — and it's not time to...

Bitcoin rises slightly as crypto and other risk assets look to rebound from sell-off

Cryptocurrencies on Tuesday recovered some of the previous day's losses after bitcoin briefly fell under $50,000 for the first time in six months.The...

The popular ‘carry trade’ is unwinding — and economists fear Fed rate cuts could make matters worse

Pedestrians walk past a currency exchange shop in central Tokyo on April 17, 2024.Richard A. Brooks | Afp | Getty ImagesRapid interest rate...

Yum Brands falls short on revenue as Pizza Hut and KFC same-store sales fall

A sign is posted in front of a Taco Bell restaurant on May 01, 2024 in Richmond, California. Justin Sullivan | Getty ImagesYum Brands...

Biggest concern is the market sell-off becoming a ‘self-fulfilling prophecy,’ research firm warns

The New York Stock Exchange is seen during afternoon trading on August 05, 2024 in New York City.Michael M. Santiago | Getty Images...

CNBC Daily Open: Dow sheds 1,000 points, Japan stocks rebound

A trader works on the floor of the New York Stock Exchange.NYSEThis report is from today's CNBC Daily Open, our international markets newsletter....

CNBC Daily Open: Dow sheds 1,000 points

A trader works on the floor of the New York Stock Exchange (NYSE) ahead of the closing bell in New York City on...

Japan stocks rebound 8% after historic losses; other Asia markets also open higher

Employees work in the trading room inside the Mitsubishi UFJ Trust and Banking head office in Tokyo, Japan, on Tuesday, March 19, 2024.Bloomberg...

San Francisco Fed President Daly sees interest rate cuts coming as labor market weakens

Mary Daly, president of the Federal Reserve Bank of San Francisco, during the National Association of Business Economics (NABE) economic policy conference in...

U.S. crude oil falls to six-month low as market sells off on recession fears

A view of storage tanks and pipelines at the Shell Carson Distribution Complex, a distribution hub for petroleum products, in Carson, California, on...

Trump blames Harris, Biden for stock market meltdown after taking credit for past upswing

Republican presidential nominee Donald Trump on Monday blamed Vice President Kamala Harris for the stock market's dramatic plunge, months after claiming he deserved...

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