U.S. crude oil fell into a bear market this week and could head lower as China ‘haunts the market’
The bearish narrative is driven by worries that supply is increasing as demand threatens to slow in the U.S. and China.
Stocks making the biggest moves midday: Gap, Ross Stores, Tenet Healthcare and more
These are the stocks posting the largest moves in midday trading.
The market is entering deep overbought territory, and these stocks could be due for a pullback
CNBC Pro used FactSet data to screen for the most overbought and oversold names in the S&P 500 based on their 14-day relative strength index, or RSI.
The ‘Apple of e-bikes’ targets profitability next year even as rivals enter bankruptcy
Adrien Roose, CEO and co-founder of e-bike firm Cowboy, told CNBC this week that he expects the company to reach profitability on a full-year basis in 2024.
Germany approves financial reforms to help its tech industry compete with Silicon Valley
Germany on Friday approved a litany of changes to its rules for stock-based compensation at tech startups, listing of companies and taxation.
Everton: Premier League deducts club 10 points for profit and sustainability rule breach
Everton have been deducted 10 points by the Premier League for a breach of profit and sustainability rules.
Rolls-Royce shares at one-year high despite ‘defective’ engine jibes from Emirates boss
Shares of Rolls-Royce are at a 52-week high, up just under 190% in the span of a year.
Alibaba sheds over $20 billion in market value after scrapping plans to list its cloud business
Alibaba lost more than $21 billion in market cap off the back of its ill-fated cloud spinoff plans, according to CNBC calculations of data from FactSet.
Volvo shares tumble 14% to record low as Chinese owner Geely sells off stock
Shares of Swedish carmaker Volvo Cars tumbled on Friday as its parent company began selling off some of its holdings.
ECB’s Lagarde: Increasing signs that the global economy is fragmenting into competing blocs
European Central Bank President Christine Lagarde said that Europe is now at a critical juncture.
