Category: CNBC
CNBC: Premier global source for financial news, international business, and economic updates.
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Warren Buffett tells CNBC he initiated Berkshire Hathaway’s investment in Alphabet
Warren Buffett said he was the driving force behind the conglomerate’s recent big investment in Alphabet.
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Morgan Stanley posts record quarterly revenue and profit as equities trading surges 69%
Like at peers Goldman Sachs and JPMorgan Chase, a massive beat in equities trading drove the quarter’s outsized results.
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Mortgage rates rise to highest level in nearly a year, causing homebuyers to pause
Mortgage rates moved higher last week, causing buyers to pull back, but refinancing did see small gains.
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Renewed Hormuz hostilities drive ECB rates rethink amid ‘extremely volatile’ outlook
Several consecutive days of strikes exchanged between the U.S. and Iran have cast uncertainty on the European Central Bank’s interest rate decision next week.
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IBM just had its worst day ever. Oppenheimer thinks investors should stay away from the stock
The investment firm downgraded IBM to perform from outperform.
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Midnight social media curfew and limits to infinite scrolling proposed for older UK teens
The U.K. government has proposed new measures to protect older teens on social media, including a midnight curfew and a limit to infinite scrolling.
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Treasury yields rise as investors await latest producer price inflation data
Treasury yields were edged higher as investors awaited the latest producer price inflation print for June.
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Trump warns U.S. strikes on Iran could get ‘really bad’ next week with power plants targeted
Fighting in the Middle East has intensified in recent days, but could escalate further if Iran fails to cooperate, the president said.
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Inside India newsletter: Modi is exporting India’s workforce to a world turning against immigration
With its vast working-age population, India is signing labor mobility deals with several of its trading partners even as sentiment turns against immigration.
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CNBC Daily Open: A chip off the AI block
With the chip sector at the center of market volatility, ASML raises guidance, IBM massively disappoints and SK Hynix regains some confidence.
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