U.S. stock futures tumbled early Friday after some of the technology heavyweights came under pressure following their quarterly reports. Futures on the Dow Jones Industrial Average pointed to an opening drop of about 300 points. S&P 500 futures and Nasdaq 100 also traded in negative territory. Earlier in the session, […]
CNBC News
Remote working ‘levels playing field’ for European start-ups on the hunt for funding, Salesforce VC says
Revolut CEO Nikolay Storonsky speaks onstage at the TechCrunch Disrupt conference in San Francisco, California. Kimberly White | Getty Images LONDON – Venture capitalists in Silicon Valley have turbocharged the growth of companies on their doorstep for decades but the coronavirus pandemic is making these tech investors more global in […]
French economy rebounds in the third quarter, but new lockdown risks a ‘double-dip’
A bookseller stands at the doorstep of his shop in Bordeaux on October 29, 2020, as a new Covid-19 lockdown comes into effect at midnight. PHILIPPE LOPEZ | AFP | Getty Images LONDON — The French economy bounced back in the third quarter as it profited from a summer period […]
Dow futures fall by more than 400 points as Apple and Amazon shares decline after earnings
U.S. stock futures fell in early morning trading Friday after some of the technology heavyweights came under pressure following their quarterly reports. Futures on the Dow Jones Industrial Average dropped 482 points. S&P 500 futures and Nasdaq-100 also traded in negative territory. Earlier, Dow futures fell more than 500 points. […]
As China’s economy picks up, new university grads are still looking for jobs
Graduates attend the commencement ceremony at Beihang University in Beijing, capital of China, June 29, 2020. Ren Chao | Xinhua News Agency via Getty Images BEIJING — As China presses on with its economic recovery from the coronavirus pandemic, new university graduates are still trying to catch up. By official […]
India’s gold demand fell 30%, but ‘cautious optimism’ may be returning
An employee arranges one kilogram gold bars for a photograph in Bangkok, Thailand, on January 13, 2016. Dario Pignatelli | Bloomberg | Getty Images SINGAPORE — Gold demand in India fell 30% in the previous quarter, but a sense of “cautious optimism” has returned to the market, according to the […]
Dow futures fall more than 500 points as Apple and Amazon shares decline after earnings
U.S. stock futures fell in early morning trading Friday after some of the technology heavyweights came under pressure following their quarterly reports. Futures on the Dow Jones Industrial Average dropped 533 points. S&P 500 futures and Nasdaq-100 also traded in negative territory. Shares of Apple fell more than 4% in […]
China’s Huawei smartphone shipments plunge as U.S. sanctions continue to bite
A woman wearing a wearing a facemask as a preventive measure against the COVID-19 coronavirus speaks on her smartphone outside a shopping mall past a Huawei shop (back) in Beijing on April 1, 2020. (Photo by NICOLAS ASFOURI / AFP) (Photo by NICOLAS ASFOURI/AFP via Getty Images) Nicolas Asfouri | […]
UBS gives 3 reasons for why the Chinese yuan is ‘attractive’ right now
SINGAPORE — The Chinese yuan is set to see further gains in the short term, according to UBS Global Wealth Management’s Dominic Schnider. “The stars are really lining up for a stronger (Chinese yuan),” Schnider, head of commodities and Asia-Pacific foreign exchange/macro at UBS told CNBC’s “Street Signs Asia” on […]
Facebook acknowledges and fixes technical error affecting political ads days before the election
The founder and CEO of Facebook Mark Zuckerberg speaks during the 56th Munich Security Conference in Munich, southern Germany, on February 15, 2020. Christof Stache | AFP | Getty Images Facebook on Thursday issued an update to political advertisers acknowledging that a technical error in its systems caused a number […]