European markets close 1% lower as investors focus on Middle East escalation
European stocks closed lower Thursday as conflict in the Middle East weighed on regional investor sentiment.
Biden administration can move forward with student loan forgiveness, federal judge rules
A federal judge will let expire a temporary restraining order against the Biden administration’s sweeping new student loan forgiveness plan.
CNBC’s Inside India newsletter: The ‘sticky’ outsourcing firms on the rise
Inside India looks at the growing trend in outsourcing research and development to India, and how India will fabricate its first microchip in two years.
Digital bank Revolut slams Meta over approach to scams, says tech giant should compensate victims
British fintech Revolut criticized Meta over its approach to tackling fraud and said the U.S. tech giant should directly compensate fraud victims.
Oil market faces a rude awakening if Iran’s energy infrastructure is targeted, analysts say
Oil markets are being too complacent given the risk of major supply disruptions in the Middle East, analysts told CNBC on Thursday.
Tesla recalls more than 27,000 Cybertrucks to fix rear-view camera delay
Tesla said on Thursday it would recall more than 27,000 Cybertrucks due to delayed rear-view camera images that could impair driver visibility.
Klarna CEO says a European tech brain drain is ‘number one risk’ for company ahead of IPO
Klarna boss Sebastian Siemiatkowski said unfavorable share-based compensation rules in Europe could cause employees to flock to U.S. tech companies.
UK house sales rise at fastest pace since Covid boom as lower mortgage rates boost activity
Lower mortgage rates are sparking an uptick in the U.K. housing market, with home sales rising last month at the fastest pace since the post-lockdown boom, new data shows.
Sterling plunges more than 1% against the dollar, euro after Bank of England governor’s comments on rates
Sterling was down 1.27% to $1.3098 at 12:30 p.m. in London.
CNBC Daily Open: Buffeted by Middle East, propelled by China
Tensions in the Middle East are weighing down investor sentiment, but the recent stimulus unleashed by Beijing is causing a rally in Chinese-related stocks.
