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Uber shares pop as company is slated to join S&P 500

Uber shares pop as company is slated to join S&P 500

Uber CEO, Dara Khosrowshahi speaks during the "Intentional Equity in Sustainability" conversation at the Asia-Pacific Economic Cooperation (APEC) Leaders' Week in San Francisco, California, on November 15, 2023.Andrew Caballero-Reynolds | AFP | Getty ImagesShares of...

Analysts, BFSI News, ET BFSI

Analysts, BFSI News, ET BFSI

The near-term trend still remains positive, and the Nifty may expect upside targets of 20,500 and, subsequently, 20,900 this month, according to technical analysts. Stocks such as ITC, Torrent Pharma, GAIL, Can Fin Homes, Bajaj Finance, and Bajaj Finserv have shown...

Company to cut 5% of employees

Company to cut 5% of employees

Jeff Lawson, chief executive officer of Twilio Inc., during the Singapore FinTech Festival in Singapore, on Friday, Nov. 17, 2023.Lionel Ng | Bloomberg | Getty ImagesSoftware provider Twilio said Monday it would lay off roughly 5% of its workforce citing...

How Israel is using drones in Gaza

How Israel is using drones in Gaza

THE GAZA STRIP is a risky place for an invading army: its cities provide cover for Hamas fighters, who know the terrain; it is heavily populated, with civilians often in harm’s way; fighting in built-up areas is likely to be at close quarters and consequently bloody....

5 things to know before the stock market opens Monday

5 things to know before the stock market opens Monday

Here are the most important news items that investors need to start their trading day:1. Inching higherWall Street hopes stocks can sustain a steady climb this week after a stellar November. The S&P 500 has notched a five-week winning streak, hitting its highest...

OpenAI COO Brad Lightcap interview with CNBC

OpenAI COO Brad Lightcap interview with CNBC

Weeks before OpenAI launched ChatGPT in November 2022, the buzzy artificial intelligence company's executive team devoted an entire meeting to debating one question: should they even release the tool? "If you know Sam [Altman], he likes to cycle through topics at a...

Latest news on Russia and the war in Ukraine

Latest news on Russia and the war in Ukraine

Ukrainian soldiers in a tank in the direction of Avdiivka in Donetsk Oblast, Ukraine, on Dec. 1, 2023.Anadolu | Anadolu | Getty ImagesAt least two people were reportedly killed in Russian shelling in the Kherson region on Sunday, while 18 attack drones fired from...

FX option expiries for 4 December 10am New York cut

FX option expiries for 4 December 10am New York cut

There are a couple to take note of for the day, as highlighted in bold.The first being for EUR/USD at 1.0860, though the level doesn't really hold much technical significance. Trading sentiment will still largely rely on the bond market and overall risk mood but all...

Growth is slowing around the world, ET BFSI

Growth is slowing around the world, ET BFSI

The world’s advanced economies are heading into a deepening slowdown as markedly higher interest rates take a hefty toll on activity that could still become more acute, the OECD warned.Growth is losing momentum in many countries and won’t edge up until 2025, when real...

What’s fuelling the surge?, BFSI News, ET BFSI

What’s fuelling the surge?, BFSI News, ET BFSI

Domestic gold surged to a fresh all-time high as the most active MCX near-month futures boomed to Rs 63350 per ten grams last week. Firm overseas prices, weak Indian rupee and expectations of an increase in jewelry demand and peak wedding season propelled the...

Rep. Don Beyer works toward master’s degree in AI

Rep. Don Beyer works toward master’s degree in AI

Rep. Don Beyer, D-Va.Bill Clark | CQ-Roll Call, Inc. | Getty ImagesWASHINGTON — Don Beyer isn't the average student at George Mason University. He's 73 years old. He prefers a notebook and pen to a laptop for note-taking. And he's a top lawmaker on AI policy in...

How Rio Tinto is poised to benefit from the EV boom

How Rio Tinto is poised to benefit from the EV boom

Copper mines like Rio Tinto's Bingham Canyon mine on the outskirts of Salt Lake City are on the frontline of America's transition to clean energy.Global demand for copper, a major component of electric vehicles, is expected to grow from 25 million metric tons to...

Southwest, pilots union near a preliminary labor deal

Southwest, pilots union near a preliminary labor deal

A Southwest Airlines Boeing 737-700 aircraft lands at Ronald Reagan Washington National Airport in Arlington, Virginia, May 7, 2023.Nicolas Economou | Nurphoto | Getty ImagesSouthwest Airlines and its pilots union are closing in on a new contract that would raise pay...

Uber shares pop on inclusion in S&P 500

Uber shares pop on inclusion in S&P 500

Dara Khosrowshahi, CEO of Uber, speaking on Squawk Box at the WEF in Davos, Switzerland on Jan. 18th, 2023. Adam Galica | CNBCUber shares rose 5% in extended trading on Friday after the ride-hailing company was added to the S&P 500 Index, replacing Sealed Air...

Panera Bread IPO filing

Panera Bread IPO filing

A Panera Bread mango yuzu citrus charged lemonade is displayed at a Panera Bread restaurant in Novato, California, on Nov. 1, 2023.Justin Sullivan | Getty ImagesPanera Bread has confidentially filed to go public again, the Financial Times reported.The restaurant...

RBI data, BFSI News, ET BFSI

RBI data, BFSI News, ET BFSI

Bank credit to industry decelerated to 5.4 per cent in October compared to 13.5 per cent in the year-ago month, according to Reserve Bank data released on Thursday. The data also revealed that credit growth to agriculture and allied activities improved to 17.5 per...

GOP Rep. George Santos faces expulsion vote in House

GOP Rep. George Santos faces expulsion vote in House

U.S. Rep. George Santos (R-NY) holds a press conference to address efforts to expel him from the House of Representatives, at the U.S. Capitol in Washington, U.S., November 30, 2023. Elizabeth Frantz | ReutersThe House is set to vote Friday on whether to expel Rep....

FX option expiries for 1 December 10am New York cut

FX option expiries for 1 December 10am New York cut

There are a couple to take note of, as highlighted in bold.The first being for EUR/USD at the 1.0900 mark, which could act as a bit of a magnet in keeping price action more contained in the session ahead. That is if bond yields are also trading more sideways before...

Ulta Beauty (ULTA) Q3 2023 earnings

Ulta Beauty (ULTA) Q3 2023 earnings

Shares of Ulta Beauty rose in after-hours trading Thursday, as the company said its third-quarter sales rose while shoppers showed once again they're willing to spend on fragrances, skin care and more even when the budget is tight.The specialty beauty retailer raised...

Russia-Ukraine war updates for Dec.1, 2023

Russia-Ukraine war updates for Dec.1, 2023

Zelenskyy urges faster fortification of frontline areasUkrainian President Volodymyr Zelenskyy on Thursday called for quicker fortifications in key battlegrounds that face assaults from Russian forces, particularly in eastern Ukraine."In all major sectors, we need to...

Billionaires to transfer $5 trillion to their children

Billionaires to transfer $5 trillion to their children

In recent months, the world's new billionaires made more of their fortunes from inheritance than from entrepreneurship, according to the UBS Billionaire Ambitions Report.It marked the first time in the nine-year history of the report that newly minted billionaires...

Nelson Peltz seeks seats on Disney board

Nelson Peltz seeks seats on Disney board

Nelson Peltz, founder and chief executive officer of Trian Fund Management, during the Future Investment Initiative (FII) Institute Priority Summit in Miami, Florida, US, on Thursday, March 30, 2023.Marco Bello | Bloomberg | Getty ImagesActivist investor Nelson Peltz...

Covid vaccine rates are falling in U.S.

Covid vaccine rates are falling in U.S.

A sign advertises Covid vaccine shots at a Walgreens Pharmacy in Somerville, Massachusetts, on Aug. 14, 2023.Brian Snyder | ReutersThree years into the Covid-19 pandemic, few Americans are rolling up their sleeves to get a Covid vaccine. Only 15.7% of U.S. adults had...

Pending home sales drop to record low

Pending home sales drop to record low

A home with a sign indicating that it is under contract to be sold is seen in a neighborhood of downtown Washington.Jim Bourg | ReutersPending home sales, a measure of signed contracts on existing homes, dropped 1.5% in October from September. They hit the lowest...

Trump slams Jamie Dimon over Nikki Haley praise

Trump slams Jamie Dimon over Nikki Haley praise

Former President Donald Trump (L) and JP Morgan CEO Jamie Dimon.ReutersFormer President Donald Trump on Thursday ripped Jamie Dimon as an "overrated Globalist" after the JPMorgan CEO praised rival Republican Nikki Haley and urged business leaders to help her...

House Republicans expect to expel New York lawmaker

House Republicans expect to expel New York lawmaker

Rep. George Santos, R-N.Y., is seen in the U.S. Capitol on Tuesday, November 28, 2023.Tom Williams | Cq-roll Call, Inc. | Getty ImagesMultiple House Republicans said Wednesday they believe there is now enough support by GOP lawmakers to boot Rep. George Santos from...

Grand Theft Auto is coming to Netflix Games

Grand Theft Auto is coming to Netflix Games

Grand Theft Auto V packaging and the Netflix logo are displayed on a phone screen in this photo taken in Krakow, Poland, on Oct. 18, 2023.Nurphoto | Getty ImagesNetflix announced Wednesday that it will make three "Grand Theft Auto" titles available to play for...

Trump financial watchdog tells judge money transfers

Trump financial watchdog tells judge money transfers

Former US President Donald Trump arrives back from a break at New York Supreme Court during his civil fraud trial on November 6, 2023 in New York City.Adam Gray | AFP | Getty ImagesThe financial watchdog overseeing the Trump Organization informed a New York judge on...

Gold futures fall on low demand, BFSI News, ET BFSI

Gold futures fall on low demand, BFSI News, ET BFSI

New Delhi, Gold price on Thursday fell Rs 4 to Rs 62,601 per 10 grams in futures trade as speculators reduced their positions. On the Multi Commodity Exchange, gold contracts for December delivery traded marginally lower by Rs 4 or 0.01 per cent at Rs 62,601 per 10...

Salesforce (CRM) Q3 earnings report 2024

Salesforce (CRM) Q3 earnings report 2024

Marc Benioff, CEO of Salesforce, participates in a conversation on AI and the Future at the Asia-Pacific Economic Cooperation (APEC) Leaders' Week in San Francisco, California, on November 16, 2023.Andrew Caballero-Reynolds | AFP | Getty ImagesSalesforce shares rose...

Iger explains Marvels flop, too many Disney sequels

Iger explains Marvels flop, too many Disney sequels

NYT Columnist Andrew Ross Sorkin and C.E.O. of The Walt Disney Company Bob Iger speak during the New York Times annual DealBook summit on November 29, 2023 in New York City. Michael M. Santiago | Getty ImagesOne year after returning to the helm of Disney, Bob Iger...

Spirit Airlines offers buyouts to salaried employees

Spirit Airlines offers buyouts to salaried employees

A Spirit Airlines plane takes off at Los Angeles International Airport in Los Angeles, June 1, 2023.Mario Tama | Getty ImagesSpirit Airlines is offering voluntary exit packages to salaried employees, the budget carrier's latest cost-cutting measure as it expects...

FX option expiries for 30 November 10am New York cut

FX option expiries for 30 November 10am New York cut

There aren't any major expiries that should be significant in terms of impact on the day. As such, trading sentiment will rely more on the risk mood and bond market sentiment, but also with month-end flows to be taken into consideration. That will matter more on the...

Latest news on Russia and the war in Ukraine

Latest news on Russia and the war in Ukraine

Russian missiles and drones strike Ukraine overnight, injuring at least 10 peopleFirefighters try to extinguish a fire at a destroyed building after a Russian shelling at night, in the center of Pokrovsk, Ukraine, on Nov. 30, 2023.Anadolu | Anadolu | Getty...

Elon Musk says he won’t vote for Biden over Trump

Elon Musk says he won’t vote for Biden over Trump

Elon Musk said Wednesday that he won't vote for President Joe Biden in the 2024 election, even if former president Donald Trump is the Republican nominee."I would not vote for Biden," Musk said during a wide-ranging interview with Andrew Ross Sorkin at the DealBook...

Microsoft secures non-voting board seat at OpenAI

Microsoft secures non-voting board seat at OpenAI

Sam Altman, chief executive officer (CEO) of OpenAI and inventor of the AI software ChatGPT, joins the Technical University of Munich (TUM) for a panel discussion. Sven Hoppe | Picture Alliance | Getty ImagesMicrosoft will have a non-voting board seat at OpenAI, the...

Dunamu’s Upbit Reports 81% Profit Drop in Q3 2023

Dunamu’s Upbit Reports 81% Profit Drop in Q3 2023

The revenues of Dunamu, the parent company of Upbit, one of the most prominent cryptocurrency exchanges in South Korea, dropped by an astounding 81% during the third quarter of 2023, according to the company's report. The performance of the corporation during the same...

How Nashville hot chicken became so big

How Nashville hot chicken became so big

Prince's Hot ChickenCourtesy: Prince's Hot ChickenNashville hot chicken had its humble beginnings nearly a century ago. Now, the specialty chicken style is a national phenomenon.The Tennessee city has numerous hot chicken restaurants competing for the top spot, as...

Man charged in alleged Indian plot to kill U.S. citizen

Man charged in alleged Indian plot to kill U.S. citizen

US President Joe Biden greets India's Prime Minister Narendra Modi as he arrives at the South Portico of the White House in Washington, DC on June 21, 2023.Mandel Ngan | Afp | Getty ImagesFederal prosecutors on Wednesday announced murder-for-hire charges against a man...

What does it take to expel an American congressman?

What does it take to expel an American congressman?

GEORGE SANTOS burned bright and briefly. Shortly after his election to Congress in November 2022, the lies he told to win the seat began to be revealed. The Republican had claimed, falsely, that his grandparents had fled the Holocaust and that his mother was at the...

Jamie Dimon urges business leaders to help Nikki Haley

Jamie Dimon urges business leaders to help Nikki Haley

JPMorgan CEO Jamie Dimon has a message for some of the world's wealthiest corporate leaders: Help Nikki Haley's presidential campaign."Even if you're a very liberal Democrat, I urge you, help Nikki Haley, too. Get a choice on the Republican side that might be better...

U.S. Chipmakers a decade away from China independence

U.S. Chipmakers a decade away from China independence

Jensen Huang, CEO of NVIDIA, arrives for the Inaugural AI Insight Forum in Russell Building on Capitol Hill, on Wednesday, September 13, 2023. (Tom Williams/CQ-Roll Call, Inc via Getty Images)Tom Williams | Cq-roll Call, Inc. | Getty ImagesU.S. chipmakers are at least...

Foot Locker (FL) earnings Q3 2023

Foot Locker (FL) earnings Q3 2023

A Foot Locker store near the Times Square neighborhood of New York, US, on Monday, Nov. 13, 2023. Bing Guan | Bloomberg | Getty ImagesShares of Foot Locker rose on Wednesday after the company posted surprise earnings and sales beats and said it saw strong results over...

Israel-Hamas war: News on Gaza conflict

Israel-Hamas war: News on Gaza conflict

Six-truck convoy reaches Jabalia region, UN agency saysA six-truck convoy carrying humanitarian aid has reached U.N. shelters in the Jabalia region, the site of the largest refugee camp in the Palestinian territories, which has been cut off from assistance for nearly...

Latest news on Russia and the war in Ukraine

Latest news on Russia and the war in Ukraine

Hungary will never send weapons to Ukraine, foreign minister saysHungary's Foreign Minister Péter Szijjártó told CNBC on Tuesday that the country will never send weapons to Ukraine, saying that the "more weapons delivered, the longer the war will take."Szijjártó added...

Why “offshoring” asylum-seekers rarely works

Why “offshoring” asylum-seekers rarely works

ASYLUM CLAIMS in Western countries are surging. EU members are on track to receive 1m applications this year, more than at any time since the migrant crisis of 2015-16. More than 800,000 have been lodged in America in the past year, an annual jump of nearly...

FX option expiries for 29 November 10am New York cut

FX option expiries for 29 November 10am New York cut

There are some large expiries on the board today but none of which that are really sitting close to the current spot price to be of much impact I would say. In any case, trading sentiment today will largely be driven by the bond market and with Treasury yields set for...

Thanksgiving broadcasts post record ratings

Thanksgiving broadcasts post record ratings

Macy's Thanksgiving Day Parade, 2023: Birds Of A Feather Stream Together - Peacock FloatNBC | NBCUniversal | Getty ImagesThanksgiving TV viewership gave media companies a lot to be grateful for this year.A range of events over the holiday broke ratings records.NBC...

Black Friday weekend shopping turnout soars to a record

Black Friday weekend shopping turnout soars to a record

Shoppers browse for dresses during the Black Friday sale at the Vivo Activewear women's clothing store in downtown Nairobi, Kenya November 24, 2023. Thomas Mukoya | ReutersShoppers kicked off the holiday season with a bang, as a record 200.4 million people hit stores...

Amazon announces Q, an AI chatbot for businesses

Amazon announces Q, an AI chatbot for businesses

Amazon Web Services CEO Adam Selipsky speaks at the Bloomberg Technology Summit in San Francisco on June 22, 2023.David Paul Morris | Bloomberg | Getty ImagesAmazon on Tuesday announced a new chatbot called Q for people to use at work.The product, announced at Amazon...

Trump loses bid for Jan. 6 subpoenas in election case

Trump loses bid for Jan. 6 subpoenas in election case

Republican presidential candidate and former U.S. President Donald Trump holds a campaign rally at Ted Hendricks Stadium in Hialeah, Florida, U.S. November 8, 2023. REUTERS/Octavio JonesOctavio Jones | ReutersA federal judge on Monday denied a request by Donald Trump...

RBI, BFSI News, ET BFSI

RBI, BFSI News, ET BFSI

PANAJI: Goa's gross fiscal deficit has increased by 680% since 2004-05 as the government struggles to earn enough revenue to meet its yearly expenses, particularly expenditure on social welfare schemes and infrastructure development. To try and fund this deficit, the...

Latest news on Russia and the war in Ukraine

Latest news on Russia and the war in Ukraine

Russian forces continue efforts to encircle AvdiivkaSmoke rises from the area in the direction of Avdiivka in the course of the Russia-Ukraine war, as seen from Donetsk, Russian-controlled Ukraine, on Oct. 11, 2023.Alexander Ermochenko | ReutersRussian forces are...

Rivian R1T EV leasing launches in select markets

Rivian R1T EV leasing launches in select markets

A Rivian electric pickup truck sits in a parking lot at a Rivian service center in South San Francisco, California, on May 9, 2022.Justin Sullivan | Getty ImagesRivian on Monday started leasing select models of its all-electric R1T pickup truck, a move to expand sales...

Israel-Hamas war: News on Gaza conflict

Israel-Hamas war: News on Gaza conflict

Peace settlement could fuel inflation in Israel, economist saysMarc Ostwald, global strategist and chief economist at ADM Investor Services, discusses the Bank of Israel's decision to keep it's rates unchanged at 4.75% and what it could mean for the country's economy...

FX option expiries for 28 November 10am New York cut

FX option expiries for 28 November 10am New York cut

There is just one to take note of, as highlighted in bold.That being for USD/JPY at 148.50 but the level doesn't really hold much technical significance. If anything else, it could limit any upside in the pair in the session ahead. But a lot about the trading mood...

Shein files for U.S. IPO, looks to expand global reach

Shein files for U.S. IPO, looks to expand global reach

A Shein pop-up store inside a Forever 21 store in Times Square in New York on Nov. 10, 2023.Yuki Iwamura | Bloomberg | Getty ImagesShein has confidentially filed to go public in the U.S. as the Chinese-founded fast-fashion juggernaut looks to expand its global reach...

Biden slams corporations over high consumer costs

Biden slams corporations over high consumer costs

U.S. President Joe Biden speaks about efforts to strengthen United States supply chains that effect economic and national security, during the first meeting of the new White House Council on Supply Chain Resilience, in the Indian Treaty Room of the Eisenhower...

Who are the Palestinians in Israel’s prisons?

Who are the Palestinians in Israel’s prisons?

Hamas hopes to swap more for Israeli hostages Your browser does not support this video. Released Palestinian prisoners are greeted in the West Bank Image: Getty Images Over the past four days, as part of a truce, Israel has released 117 Palestinian prisoners in...

Euro-Area recession looks likely, ET BFSI

Euro-Area recession looks likely, ET BFSI

A recession in the euro area is looking increasingly likely as the economic downturn persists in the final quarter of the year, private-sector activity surveys showed.Meantime, the outlook for global trade got a boost this week as South Korea’s exports are likely to...

5 things to know before the stock market opens Monday

5 things to know before the stock market opens Monday

Here are the most important news items that investors need to start their trading day:1. Capping a strong NovemberWall Street hopes to close out November on a high note, after U.S. stocks posted four straight positive weeks. The three major U.S. indexes climbed last...

Dollar Dips, Euro Struggles in Lackluster Market

Dollar Dips, Euro Struggles in Lackluster Market

As US session commences, Dollar is showing a more notable downturn following a rather uneventful day. In the background risk sentiment is steady, with investors and traders largely holding their positions in anticipation of key economic data releases. The upcoming PCE...

Report, BFSI News, ET BFSI

Report, BFSI News, ET BFSI

MUMBAI: If BFSIs were to be excluded, corporate sales in Q2 FY24 would register a half percentage point decline in sales even though overall profits rose nearly 30% due to drop in expenses. If banks and finance companies are included, the sales are up 2.8% while...

Latest news on Russia and the war in Ukraine

Latest news on Russia and the war in Ukraine

Drone warfare has intensified between Russia and Ukraine over the weekend, with both sides targeting each other's capital cities with dozens of drones.Russian authorities claimed Sunday that Ukraine had targeted Moscow with dozens of drones on Saturday night, just...

Israel-Hamas war live updates: News on Gaza conflict

Israel-Hamas war live updates: News on Gaza conflict

Biden calls for Gaza truce to continueU.S. President Joe Biden speaks about the release of hostages from Gaza, in Nantucket, Massachusetts, on Nov. 24, 2023.Brendan Smialowski | AFP | Getty ImagesU.S. President Joe Biden said Sunday he hoped the Gaza truce would be...

Yen Cautious Rebounds While Gold Rallies Above 2k

Yen Cautious Rebounds While Gold Rallies Above 2k

Yen is having a moderate rebound today, spurred by slightly stronger-than-expected corporate services price inflation data. However, this uptick in is showing only restrained momentum, especially noticeable even against a weaker Dollar. The limited rise can be...

FX option expiries for 27 November 10am New York cut

FX option expiries for 27 November 10am New York cut

There aren't any significant expiries that are close to, or might influence, spot levels on the day. As such, the more mixed and tepid trading sentiment is likely to keep up in the session ahead before US traders enter the fray. There will be bigger fish to fry in the...

Thanksgiving Day online sales, discounts jump

Thanksgiving Day online sales, discounts jump

Anastasiia Krivenok | Moment | Getty ImagesOnline spending on Thanksgiving Day jumped 5.5% compared to a year ago, according to Adobe Analytics, a reflection of holiday shoppers who are buying more of their gifts online and responding to discounts.E-commerce sales...

Impact of Digital Payments, ET BFSI

Impact of Digital Payments, ET BFSI

Mumbai: For the second consecutive time in 20 years, the currency in circulation (CIC) dipped during Diwali week as citizens shifted to digital modes of payment to make their festival purchases.Data released by RBI on Wednesday revealed that during the week ended...

The coming IPO boom, BFSI News, ET BFSI

The coming IPO boom, BFSI News, ET BFSI

As the Tata Technologies initial public offering (IPO) closes for subscription today, the marquee Tata issue after almost a decade, is trading in the grey market at a premium of over 80%. Such a huge premium has led analysts to speculate whether the IPO from the Tata...

Spending and ethics in focus

Spending and ethics in focus

TikTok has officially launched its e-commerce service TikTok Shop in the US. Costfoto | Nurphoto | Getty ImagesConsumers are increasingly turning to social media for their shopping this holiday season, and TikTok's latest venture into e-commerce has emerged at the...

Retailers use deals and events to drive sales

Retailers use deals and events to drive sales

Target hosted a free "Winter Wonderland" event in New York City to show off the holiday season's hottest toys. It's an example of the extra effort that retailers are putting in to motivate shoppers.Melissa Repko | CNBCNEW YORK CITY — On a recent weekend in downtown...