U.S. Stock Rise Slightly to Start Last Week of the Year Traders at the New York Stock Exchange (NYSE) in New York City saw a slight rise in U.S. stocks on Tuesday, marking the beginning of the last week of 2023, as traders aimed to finish the year on a strong note. The S&P 500…
Nike has announced its plans to reduce costs by $2 billion over the next three years, leading to a drop in its sales outlook. The company’s stock fell about 10% after hours, following the news. This year, Nike shares have only seen a 4.7% increase, lagging behind the gains of the S&P 500. In response…
Delivery giant FedEx, food products company General Mills, and biotech firm Argenx are among the companies making waves in premarket trading today. FedEx saw its shares drop over 10% after reporting disappointing fiscal second-quarter results that missed both revenue and earnings estimates. The company also lowered its full-year revenue guidance, which further dampened investor confidence….
Bitcoin coins are seen at a stand during the Bitcoin Conference 2023, in Miami Beach, Florida, U.S., May 19, 2023. Marco Bello | Reuters This report is from today’s CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they…
A photograph shows a sign on a bitcoin ATM at a stand during the Bitcoin Conference 2023, in Miami Beach, Florida, U.S., held on May 19, 2023. Photo Credit: Marco Bello | Reuters This report is from today’s CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on…
Gold and Bitcoin Reach New Highs as Investors Seek Safe Havens As the U.S. equity market approaches new highs, investors are turning to traditional safe-haven assets like gold and the newer digital currency, Bitcoin. In recent days, both gold and Bitcoin have reached milestones, with spot gold hitting a record high above $2,100 per ounce…
The Reserve Bank of India (RBI) is expected to maintain the status quo on short-term interest rates in its upcoming monetary policy review. Experts believe that with inflation remaining within the comfort zone and the Indian economy experiencing accelerated growth, the RBI will hold off on making any changes to the benchmark policy rate. The…
