Central banks look to have hit peak rates. Here’s how markets think they’ll come down
The world’s major central banks paused their interest rate hiking cycles in recent weeks and markets are turning their attention to the first round of cuts.
An AI just negotiated a contract for the first time ever — and no human was involved
Jaeger Glucina, chief of staff and managing director of Luminance, said its new AI aimed to eliminate much of the paperwork that lawyers need to complete.
CNBC Daily Open: Markets are on a hot streak
Markets started the week on a high note as major averages closed out Monday’s session with some big winning streaks.
Putin looks set to run for president in 2024 — and there’s no one who can oppose him right now
Analysts say that the bitter truth in modern Russia is that there is no one left who can really oppose Putin.
IMF raises China GDP forecast after Beijing’s policy moves
In October, the IMF had lowered its growth forecast for China to 5% this year and 4.2% next year.
Nintendo hikes profit forecast as Mario movie, Zelda game breathe new life into Switch console
Nintendo reported better-than-expected sales and profit for its fiscal second quarter on Tuesday buoyed by the Super Mario movie and Zelda game.
UBS shares rise 3% as market focuses on strong underlying profit
UBS on Tuesday reported a bigger-than-expected third-quarter net loss of $785 million as it works to integrate fallen rival Credit Suisse.
Travelers put off holiday trips to Middle East as Israel-Hamas war rages
Major airlines extended temporary halts on flights into Israel through the end of the year while cruise operators are shifting itineraries to avoid neighboring countries as well.
China’s imports surprise with growth in October, but exports fall more than expected
Lackluster global demand for Chinese goods and muted domestic demand have dragged down China’s overall trade.
WeWork, once valued at $47 billion, files for bankruptcy
Office-sharing company WeWork filed for Chapter 11 bankruptcy protection in federal court Monday.
