Traders in the region are watching tech stocks in the wake of Nvidia’s stellar results, while stocks related to billionaire Gautam Adani will also be assessed.
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November 21, 2024November 21, 2024Worldwide
Billionaire Gautam Adani charged in New York with massive fraud, bribery scheme
Gautam Adani and others are accused in the New York indictment of paying Indian government officials $250 million to secure solar energy supply contracts.
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November 21, 2024November 21, 2024Worldwide
Nvidia nearly doubles revenue on strong AI demand
Nvidia reported earnings after the bell. Here are the results.
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November 21, 2024November 21, 2024Worldwide
‘We are firing on all cylinders’: Marriott CEO says business is solid despite corporate layoffs
Marriott International’s business operations and growth are solid, Anthony Capuano told CNBC Travel Monday, despite layoffs and low domestic demand in China.
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November 21, 2024November 21, 2024Worldwide
CNBC Daily Open: Is Nvidia its own worst enemy?
There’s a concept called the “hedonic treadmill,” which theorizes as people achieve success, their expectations rise. Nvidia seems a victim of this.
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Hyundai reveals all-electric Ioniq 9 three-row SUV
Hyundai Motor’s newest all-electric vehicle is the 2026 Ioniq 9 SUV a three-row, up to seven-passenger SUV for the U.S. market.
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Alphabet’s VC arm backs little-known SAP rival Odoo, boosting valuation to $5.3 billion
Odoo, an enterprise software startup rivalling SAP, boosted its valuation to $5.3 billion in a secondary share round led by Alphabet’s VC fund and Sequoia.
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What Trump’s return to the White House could mean for global bond yields
It is thought that Trump’s pledge to introduce tax cuts and steep tariffs could boost economic growth — but widen the fiscal deficit and refuel inflation.
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European Central Banks warns of trade tension risks to euro zone financial stability
The Financial Stability Review also said weak growth was now a bigger threat to the 20-nation euro zone than high inflation.
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UK inflation surges above Bank of England’s 2% target, curbing December rate cut expectations
The hike marks a sharp increase from the 1.7% rise recorded in September and exceeds the 2.2% forecast of economists polled by Reuters.