English

cnbc.com

Today News

10

Volvo Cars shares down 6% as first-quarter revenues fall

www.cnbc.com

Swedish automaker Volvo Cars on Wednesday reported an uptick in first-quarter core operating profits driven by strong retail sales.

Kering shares sink 9% after profit warning on declining Gucci sales

www.cnbc.com

Shares of French luxury group Kering sunk more than 9% Wednesday after the company warned that it expects a sharp downturn in first-half profits as demand for its Gucci brand continues to wane.

Photos show Sahara dust turn Athens orange

www.cnbc.com

Athens and the south of Greece appeared to be coloured in orange and red after dust from the Sahara engulfed the city on Tuesday evening.

09

SenseTime shares soar more than 30% after announcing its latest generative AI model

www.cnbc.com

Shares of SenseTime traded as high as 82 Hong Kong cents, a 34.42% gain from its previous close of 61 cents.

08

Swiss pharma giant Roche's first-quarter sales edge higher as its emerges from post-Covid-19 slump

www.cnbc.com

Roche lowered its 2024 growth outlook in February as it continues to confront a drop-off in demand for its Covid-19 products and a number of its cancer drugs.

Amazon is opening cloud regions in Southeast Asia to meet customer demand, CTO says

www.cnbc.com

From startups to government agencies, Amazon CTO Werner Vogels said customers "have been asking" for local data residency.

‘A real wildcard’: World’s largest wealth fund issues inflation warning on hot commodity markets

www.cnbc.com

The chief executive of the world's largest wealth fund says there are many wildcards in financial markets right now.

China's Xiaomi is selling more EVs than expected, raising hopes it can break even sooner

www.cnbc.com

Chinese smartphone company Xiaomi aims to sell at least 10,000 pure electric cars a month, for more than 100,000 deliveries this year, said CEO Lei Jun.

07

Tesla shares jump 13% after Musk says company aims to start production of affordable new EV by early 2025

www.cnbc.com

Tesla reported disappointing earnings and revenue, but the stock rose on optimism that a new affordable EV model could enter production sooner than expected.

Tesla’s entry into India’s EV market will be 'good news’ for the country, says MG Motor India

www.cnbc.com

India's EV sector still lacks competition, but entry from international automakers like Tesla will level the playing field, MG Motor India's CEO Emeritus.

Boeing reports quarterly results before the bell. Here's what Wall Street expects

www.cnbc.com

Boeing has been mired in a safety crisis since a door plug blew off a 737 Max 9 in early January.

06

Bird flu resurgence drives up egg prices, spurring some to stock up

www.cnbc.com

The virus, commonly referred to as bird flu, is extremely contagious and lethal among birds, has been detected in dairy herds in recent days.

Google and the conversation topic many Americans want banned in the office

www.cnbc.com

Just under half of all workers say they would be in favor of a ban on talking politics in the office, a new CNBC survey finds.

'Chaotic era' for Asian currencies: Bank of America is not bullish on any of them

www.cnbc.com

The Bank of America is not bullish no any currency in Asia, leading the investment bank to deem the start of a "chaotic era" for these currencies.

05

Senate passes long-awaited aid for Israel, Ukraine, Taiwan, and TikTok bill

www.cnbc.com

President Biden initially proposed aid for Israel, Ukraine and Taiwan in October.

01

Cramer points to signs the economy is slowing that could bring rate cuts from the Fed

www.cnbc.com

CNBC's Jim Cramer referred to these factors as "brown shoots" that are disrupting U.S. economic growth.

Tuesday, Apr 23

00

Oracle is moving its world headquarters to Nashville to be closer to health-care industry

www.cnbc.com

Oracle is moving its world headquarters to Nashville, according to Larry Ellison.

Jack Dorsey’s payments company, Block, is building its own bitcoin mining system

www.cnbc.com

The company, formerly known as Square, now building a full bitcoin mining system.

23

FTC votes to ban noncompete clauses that bar employees from working for competitors

www.cnbc.com

The FTC claims that noncompete agreements limit wage growth and increase prices for consumers.

DJT stock plunges 8% as Trump qualifies for 36 million bonus shares

www.cnbc.com

Trump will receive an additional 36 million shares, worth about $1.15 billion, if the stock closes above a $17.50 minimum share price.

Tesla cutting around 2,700 jobs in Austin and more than 3,300 in California as part of broad restructuring

www.cnbc.com

Tesla is eliminating about 12% of its workforce at a factory in Austin, Texas, where the electric vehicle company is headquartered.

E.W. Scripps exploring sale of Black-culture broadcast network Bounce TV

www.cnbc.com

E.W. Scripps has received inbound interest in its Black-culture network Bounce TV, CEO Adam Symson said in an exclusive CNBC interview.

22

JetBlue shares tumble nearly 19% after airline lowers 2024 revenue outlook

www.cnbc.com

JetBlue said second-quarter revenue would likely drop as much as 10.5% on the year.

21

U.S. oil rises nearly 2% to top $83 a barrel as slowing manufacturing raises interest rate cut hopes

www.cnbc.com

The House of Representatives passed legislation over the weekend that would broaden sanctions against Iran's oil exports

HashiCorp shares spike on report that IBM is in talks to buy the cloud software maker

www.cnbc.com

HashiCorp's business is growing considerably faster than that of IBM, which has been confronting a challenging economic environment.

Bond auctions are a bigger deal than usual this week. The first went the way of the bulls

www.cnbc.com

Every weekday, the Investing Club releases the Homestretch; an actionable afternoon update just in time for the last hour of trading.

Here's what to do if you missed the federal tax deadline

www.cnbc.com

The federal tax deadline was April 15, and if you missed it, you should file and pay your balance as soon as possible to reduce penalties and interest.

Danaher shares jump 7% as the turnaround in biotech spending finally arrives

www.cnbc.com

There was much more to like in this print, including strong headline results on the back of strength in all key operating segments.

20

Jim Cramer says Apple stock could go even lower but sees plenty of reasons it shouldn't stay down

www.cnbc.com

The tech giant has time and time again proved the naysayers and bears wrong.

Here's why Biden administration believes new student loan forgiveness plan will survive legal challenges

www.cnbc.com

After the Supreme Court blocked President Joe Biden's first plan to forgive student debt, his administration set out to create a more viable relief package.