Category: CNBC
CNBC: Premier global source for financial news, international business, and economic updates.
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Airline profits set to halve this year as fuel costs jump by $100 billion: IATA
“The big unknown is how long travelers and shippers can tolerate the higher costs,” IATA’s Willie Walsh said.
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Treasury yields rise as traders weigh inflationary pressures, fresh Iran tensions
Treasury yields rose Monday, as investors monitored domestic inflation and rising energy costs.
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Weight loss drug maker sinks 25% after new safety data spooks investors
While the experimental drug met its key targets, analysts are concerned over the commercial opportunity due to side effects.
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Bidding war erupts for world’s oldest bank as Italy’s Intesa gatecrashes BPM offer
Intesa on Monday announced an unsolicited offer of $35.3 billion, hoping to usurp its rival and create Europe’s second-biggest bank by market capitalization.
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CNBC Daily Open: The great tech retreat
Silicon Valley’s sell-off gathers speed in Asia, with chip-heavy indices bearing the brunt of the declines, while tensions in Iran send oil prices higher.
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Asia tech stocks extend sell-off with SoftBank down over 7% as investors sour on AI-linked names
Asian tech stocks tracked overnight losses in U.S. tech names led by a sell-off in Broadcom.
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Foreign investors have dumped billions of dollars of Korean stocks this year despite record rally. Here’s why
The selling intensified Monday as the benchmark Kospi plunged more than 8% at the open, even as it emerged as one of the world’s standout performers thus far.
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China’s Xi to visit North Korea for first time in seven years as Beijing tests its influence over Kim
North Korea may use the summit as an opportunity to press for economic concessions or Beijing’s “tacit recognition” of its nuclear status, analysts say.
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CNBC Daily Open: Washington’s ‘war of choice’ extends past 100-day mark
The war was supposed to end in “four to five weeks” and not morph into an “endless” conflict, but its end date is becoming increasingly blurry.
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Hong Kong’s IPO boom is developing a performance problem
As Hong Kong vies with Wall Street to be the top IPO market, a growing number of pre-debut runups turn sour after their listing.
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