Oil prices little changed ahead of U.S. stocks data, potential OPEC+ cuts
Oil prices were largely unchanged in Asian trade on Wednesday as a potentially big build-up of U.S. crude cancelled out gains triggered by likely supply cuts from the OPEC+ producers group.…
Dollar hovers near 2-1/2-month lows, easing pressure on yen
The dollar index held around 2-1/2-month lows after minutes of the Federal Reserve’s last meeting did little to dislodge market expectations that its monetary tightening cycle was over. The Fed minutes showed the central…
Warren Buffett makes big donation before Thanksgiving, assures shareholders Berkshire is built to last
Warren Buffett donated more than $870 million in Berkshire Hathaway stock to four family foundations before Thanksgiving, assuring investors in a letter that the conglomerate is “built to last.” The 93-year-old legendary…
Israel-Hamas war live updates: Qatar says Israel, Hamas agreed to 4-day cease-fire in Gaza; 50 hostages from Israel to be released
Qatar announced that Israel and Hamas have agreed to a humanitarian pause in Gaza that will take place in the next 24 hours and last for at least four days.…
Chinese tech giant Baidu’s shares rise 2% after revenue beat
Chinese tech giant Baidu reported Tuesday third-quarter revenue that beat expectations, although growth was slower than during the previous three months. The company’s U.S.-listed shares were up around 2% in…
Crypto prices fall as Binance chief pleads guilty to DOJ charges
Cryptocurrencies fell Tuesday after Binance founder and CEO Changpeng Zhao, also known as “CZ,” pleaded guilty to criminal charges brought by the U.S. Department of Justice. Binance Coin slid 5.9%, after rising as…
Goldman Sachs expects China stocks to make first annual gain in 4 years in 2024
Goldman Sachs picked sectors in China’s mass consumer market and technology, media and telecom as likely winners in the ongoing rebalancing in the world’s second-largest economy in the year ahead…
Biden and Xi’s meeting sent an important signal for U.S. business in China
U.S. President Joe Biden’s meeting with Chinese President Xi Jinping last week has set a bottom line in the relationship which reduces uncertainty for businesses, analysts said. Biden and Xi met for the first…
Nvidia’s revenue triples as AI chip boom continues
Nvidia shares moved down 1% in extended trading on Tuesday after the chipmaker reported fiscal third-quarter results that surpassed Wall Street’s predictions. But the company called for a negative impact in…
Mastercard doubles down on effort to detect and tackle crypto fraud with AI tie-up
Mastercard is doubling down on its efforts to detect and prevent fraud that’s routed through cryptocurrency exchanges. The company told CNBC exclusively that it’s partnered with Feedzai, a regulatory technology platform…
