Category: CNBC
CNBC: Premier global source for financial news, international business, and economic updates.
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Robinhood has underperformed this year. Evercore ISI says the stock is a buy
The investment firm initiated coverage of the trading platform with an outperform rating.
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Global travel warnings after Iran-backed Houthi militants strike Riyadh airport
The Saudi-led coalition responding to the attacks said Monday it was dealing with more drones and missiles heading toward the Kingdom.
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Biogen is set for big gains on slate of trial data releases, JPMorgan says
Biogen will release data from clinical trials for a few of its investigational treatments over the next few months, which should boost its shares, per JPMorgan.
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India’s retail inflation jumps to 5.54% in September, above estimates
India inflations jumps for the 11-straight month, raising prospects of a further interest rate hike
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AI FOMO driving some family offices into tech investments, survey suggests
Investment firms of ultra-wealthy families aren’t immune to FOMO.
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Nobel prize in economics awarded to Robert E. Hall and Michael Woodford
The U.S. economists were awarded for work that underpins the models used by central banks and governments to stabilize the economy.
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Trump turns to Russian diesel ahead of midterms, but analysts see little price relief
President Donald Trump’s latest effort to ease a diesel supply crunch ahead of November’s midterm elections is unlikely to make a dent on prices.
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Beckham, Yao Ming attend NBA China Games in a boost to Macao’s live events
The NBA China Games brought Chinese and U.S. basketball fans to Macao, which is spending big to broaden its reputation beyond a gambling mecca.
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Stellantis CEO urges incentives for carmakers who build in Europe as Chinese rivals gain ground
Stellantis’ CEO urged European regulators to create incentives for carmakers to manufacture vehicles in the region amid competition from Chinese rivals.
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Intel, Broadcom CEOs warn capital crunch could become AI’s biggest bottleneck
The CEOs of Intel and Broadcom warned that access to capital could emerge as a major constraint on the artificial intelligence boom.
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