In this article GME AMD AEO Pedestrians pass in front of a GameStop retail store in New York, December 23, 2021. Scott Mlyn | CNBC Check out the companies making headlines in midday trading Thursday. GameStop – Shares of video game retailer rose 4% after the company disclosed a new partnership with cryptocurrency exchange FTX in its
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Chinese electric car company Nio said it doesn’t expect U.S. restrictions on Nvidia to affect the start-up’s business operations. Vcg | Visual China Group | Getty Images BEIJING — Chinese electric car maker Nio joined others in the industry in saying that U.S. restrictions on Nvidia chip sales to China won’t affect the automaker’s business.
President Joe Biden will nominate Michael Barr to be the Federal Reserve’s top regulator in charge of big banks. Barr, who served as assistant Treasury secretary for financial institutions during the Obama administration, seen here at a Treasury Department meeting in Washington, D.C. on Nov. 30, 2010. Andrew Harrer | Bloomberg | Getty Images The
Federal Reserve Vice Chair Lael Brainard vowed Wednesday to press the fight against inflation that she said is hurting lower-income Americans the most. That will mean more interest rate increases and keeping rates higher for longer, she said in remarks prepared for a speech in New York. Brainard cushioned the remarks with an acknowledgement that
LONDON — Britain’s new prime minister, Liz Truss, made her first speech Tuesday, promising to tackle rising energy bills and the cost-of-living crisis in the next couple of days. “I will deal with the energy crisis caused by Putin’s war,” Truss told reporters on the steps of 10 Downing Street. “I will take action this
In this article GTLB NWL COUP Employees assemble food containers on a production line at the Newell Rubbermaid factory in Mogadore, Ohio. Ty Wright | Bloomberg | Getty Images Check out the companies making headlines in extended trading. Newell Brands — The parent company of brands such as Yankee Candle and Rubbermaid saw its shares
In this article ILMN NEE BBBY DWAC FedEx trucks at Indianapolis International Airport in Indianapolis, Indiana. Kaiti Sullivan | Bloomberg | Getty Images Check out the companies making the biggest moves midday Tuesday: Illumina — Shares of the biotech company rose 3.5% after Illumina said it plans to appeal a decision by the European Commission
In this article CNY= .DXY The Chinese yuan has tumbled to two-year lows against the U.S. dollar in the last few weeks. Sopa Images | Lightrocket | Getty Images BEIJING — China’s central bank has sent a strong signal it wants to keep the Chinese yuan from weakening too quickly against the U.S. dollar, economists
[The stream is slated to start at 08:30 ET. Please refresh the page if you do not see a player above at that time.] After a drawn-out contest, the country’s ruling Conservative Party on Monday picked Liz Truss to be its new leader and the U.K.’s new prime minister. Subscribe to CNBC on YouTube.
A banners of Deutsche Bank is pictured in front of the German share price index, DAX board, at the stock exchange in Frankfurt, Germany, September 30, 2016. Reuters Following the news that Liz Truss will become Britain’s new prime minister, Deutsche Bank says policy announcements in the coming weeks will be crucial if the U.K.
Former Finance Minister Rishi Sunak or current Foreign Secretary Liz Truss will be announced as the U.K’s new prime minister later Monday. Dan Kitwood / Staff / Stringer / Getty Images LONDON — The next prime minister of the U.K. will be announced Monday following a grueling, and at times bitter, leadership contest within the ruling
The U.S. and China have taken a significant first step toward keeping U.S.-listed Chinese stocks like Alibaba from being forced off U.S. stock exchanges. Holger Gogolin | iStock | Getty Images BEIJING — The U.S. and China recently took a significant first step toward keeping U.S.-listed Chinese stocks like Alibaba from being forced off U.S.