European Central Bank holds rates steady, gives no hint at cuts ahead
The European Central Bank on Thursday confirmed expectations that it would hold interest rates unchanged at their current record high.
Apple takes top spot in China’s smartphone market for the first time as Huawei returns to the top 5
Apple took the top spot in China’s smartphone market in 2023 even as it faces renewed competition from domestic giant Huawei.
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.
