European stocks lower; defense firm Saab up 6%; German software giant SAP hits all-time high
European markets were in mixed territory Tuesday as sentiment soured on Wall Street and in Asia-Pacific markets overnight.
Russia pushes ‘new world order’ agenda as it hosts beefed-up BRICS summit
Russia is rolling out the red carpet to its allies on Tuesday as it hosts the latest BRICS summit in a show of strength to the West.
More startups are being spun out of Klarna than any other European fintech unicorn
Alumni from Klarna have gone on to create 62 new startups — more than any other fintech unicorn in Europe, according to a new report from VC firm Accel.
CNBC Daily Open: High interest rate worries pressure stocks
Experts and markets think both the U.S. economy and interest rates will remain warm — if not hot — to the touch.
HSBC embarks on major restructuring, names first female CFO
HSBC has unveiled a major overhaul, announcing a new geographic setup, consolidated operations and a new CFO — the lender’s first female finance chief.
Economists see UK cutting interest rates more substantially as inflation pressures ease
Economists at Goldman Sachs forecast the Bank of England’s key rate falling to 2.75% by November, well below market pricing.
U.S. proposals to curb AI, semiconductor investment into China under final review
The proposals are part of the Joe Biden administration’s efforts to restrict the flow of U.S. capital, technology and expertise into China.
Rosé and Bruno Mars’ chart-topping track APT drives shares of media firm YG Plus to seven-month high
The track reached the top of Spotify’s Top 50 Global playlist.
GM stock has best day since 2020 after automaker tops Wall Street’s third-quarter expectations, raises guidance
GM’s quarterly report comes just two weeks after an investor day in which the company indicated its earnings strength is expected to continue into next year.
‘New bullish phase’? As gold hits another high, analysts say more records are in sight
Gold is now in a new bullish phase after prices hit a record high, said Sprott Asset Management, echoing other bullish calls for the bullion to scale new highs.
