European stocks close 2.8% higher following U.S. inflation reading
European markets jumped on Thursday afternoon after October’s reading of U.S. consumer prices offered hope that inflation stateside has peaked.
Biden expected to bring up Chinese economic practices, Taiwan and Russia’s war in Ukraine in first meeting with Xi as president
The in-person meeting between Biden and Xi, the first since Biden ascended to the presidency, will take place on the sidelines of the G-20 summit in Bali.
This may be the start of a traditional post-midterms rally as signs of cooling inflation emerge
October’s cooler consumer inflation report triggered a massive surge in stocks that could herald a traditional midterm election year fourth-quarter rally.
These are the top 10 airlines in the world for 2022—and not one U.S. carrier made the list
Airline-ranking company Skytrax revealed its top 20 best carriers in the world for 2022. For the seventh time, Qatar Airways topped the list.
Crypto billionaire Sam Bankman-Fried blames himself for FTX’s collapse, admits he ‘f—ed up’
FTX’s Sam Bankman-Fried tweeted Thursday morning that he is “sorry,” admitting that he “f—ed up” and “should have done better.”
Peak inflation in Europe ‘is almost within reach,’ European Central Bank member says
Peak inflation “is almost within reach” in the euro zone, an ECB governing council member told CNBC.
JPMorgan says this railroad stock is a top pick, citing strength in grain shipments
The company could see an upside of 15% after already outperforming this year.
Wedbush removes Tesla from its top stocks list, says Twitter deal an ‘albatross’
Ives removed Tesla from the firm’s “Best Ideas list” after what he called a “very nervous few months” for shareholders amid Elon Musk’s purchase of Twitter.
Putin supporters left reeling by yet another Russian ‘surrender’ in Ukraine
Russia’s withdrawal from Kherson has been described as a humiliating and significant defeat for President Vladimir Putin.
Credit Agricole third-quarter profit beats forecasts on corporate loan growth
Credit Agricole joined French and European peers in booking higher-than-expected third-quarter profit, driven mainly by corporate loans and consumer finance.
