The U.S. economy grew at blistering 3.3% pace in Q4 while inflation pulled back
GDP was expected to grow at a 2% annualized rate in the fourth quarter of 2023, according to economists surveyed by Dow Jones.
American Airlines stock surges 10% as strong demand drives 2024 profit forecast
American beat Wall Street estimates on the top and bottom lines.
Elon Musk says Chinese EV makers will ‘pretty much demolish’ most competitors without trade barriers
Companies including BYD, Nio and Xpeng have expanded sales outside of China in the last two years, looking to take on established automakers, including Tesla.
Turkey hikes interest rate again to 45% after inflation nears 65%
The rate hike comes amid an ongoing battle against double-digit inflation for Turkey’s monetary policymakers.
Messi’s new Inter Miami soccer jersey replaces crypto firm logo with cruise operator icon
The sponsorship deal is likely seeking to harness Messi’s popularity ahead of the eight-time Ballon d’Or winner’s second season at Inter Miami.
Nokia jumps 8% as it announces $653 million share buyback program, warns of challenging 2024
Nokia on Thursday said that it will begin a 600 million euro ($653 million) share buyback this quarter after it reported that its profit plunged in 2023.
CNBC Daily Open: All eyes on U.S. fourth-quarter GDP
All eyes will be on the state of the U.S. economy as the first official reading of fourth-quarter GDP data drops Thursday morning.
China property stocks jump as Beijing takes steps to boost liquidity in the beleaguered sector
China’s property stocks jumped after the country’s central bank announced measures that would help boost the liquidity available to property developers.
China is ramping up stimulus to boost market confidence — but is it enough?
There are rising expectations for more support from China to boost its economy and stock markets — especially after the PBOC’s easing announcements on Wednesday.
China youth unemployment will stay elevated in 2024, but EIU warns economic impact will linger
Official data showed unemployment rate among those aged 16 to 24 in the world’s second-largest economy was 14.9% in December, excluding those still in school.
