Business

Stock futures rise ahead of a potentially major week for major tech companies

4 hours ago

European stocks open higher

European stocks opened higher on Monday, with the benchmark Stoxx 600 index up 0.5% at 8:05 a.m. London time.

Britain’s FTSE 100 index climbed 1.1%, while France’s CAC 40 rose 0.5% and Germany’s DAX rose 0.7%.

7 hours ago

Safe haven assets retreat as fears of broader Middle East conflict fade

Prices of risk assets jumped while prices of safe-haven assets fell on Monday as fears of broader conflict in the Middle East eased.

Bitcoin rose 1.56% to trade at $65,713.97, according to Coin Metrics, as most Asian stock markets rose, led by Hong Kong’s Hang Seng Index.

The Japanese yen, considered a safe haven, weakened slightly to 154.7, while spot gold prices slipped 0.87% to $2,369.58 an ounce.

Oil prices, which initially rose following news of Israel’s attack on Iran, also fell. Brent crude futures fell 0.73% to $86.65 on Monday, while U.S. West Texas Intermediate futures fell 0.84%, trading at $82.44 .

-Lim Hui Jie

10 hours ago

China leaves prime loan rates unchanged

The Chinese central bank left its prime rates on one- and five-year loans unchanged on Monday, at 3.45% and 3.95%, respectively.

The one-year LPR is considered the benchmark for most household and business loans, while the five-year LPR is the benchmark for most property mortgages.

The move was in line with a Reuters poll that predicted both rates would remain unchanged.

China’s CSI 300 index gained 1.9% last week.

-Shreyashi Sanyal

11 hours ago

Tesla cuts prices globally after first-quarter deliveries drop: Reuters

Electric vehicle giant Tesla has slashed prices of its cars globally after its deliveries fell in the first quarter for the first time in nearly four years.

Reuters reported that the company reduced the starting price of its Model 3 in China to 231,900 yuan ($32,000), a reduction of 14,000 yuan.

In Germany, Reuters reported that the price of the rear-wheel-drive Model 3 was also reduced to 40,990 euros ($43,670.75) from 42,990 euros, where it had been since February.

Checks by CNBC showed that the Chinese and German sites reflected the updated prices.

Price cuts also took place in many other countries in Europe, the Middle East and Africa, a Tesla spokesperson told Reuters.

—Lim Hui Jie, Reuters

12 hours ago

Bitcoin trades near $65,000 after halving

The price of bitcoin was little changed Sunday evening, hovering around $65,000.

That’s close to where the largest cryptocurrency was Friday before its so-called “halving,” which slows bitcoin issuance by reducing rewards for miners.

Bitcoin’s price has risen between each previous halving, but some experts say the cryptocurrency could suffer a short-term decline.

See the table…

The price of bitcoin remained relatively calm this weekend following another “halving” of the cryptocurrency.

—Jesse Pound, Tanaya Macheel

13 hours ago

Futures Open Higher

All three major futures contracts rose as markets opened at 6 p.m. in New York. Dow futures briefly rose 100 points.

—Jesse Book

13 hours ago

Review of last week

Here’s where the major averages stand after Friday’s tech decline:

  • The S&P 500 fell 0.88% on Friday, its sixth consecutive negative session.
  • The S&P 500 closed the week down 3.05%.
  • The Nasdaq Composite fell 2.05% on Friday, its sixth consecutive negative session.
  • The Nasdaq Composite ended the week down 5.52%.
  • The Dow Jones gained 211 points, or 0.56%, on Friday, its second consecutive positive session.
  • The Dow closed the week up 0.01%.

—Jesse Pound, Christopher Hayes

News Source : www.cnbc.com
Gn bussni

Sara Adm

Aimant les mots, Sara Smith a commencé à écrire dès son plus jeune âge. En tant qu'éditeur en chef de son journal scolaire, il met en valeur ses compétences en racontant des récits impactants. Smith a ensuite étudié le journalisme à l'université Columbia, où il est diplômé en tête de sa classe. Après avoir étudié au New York Times, Sara décroche un poste de journaliste de nouvelles. Depuis dix ans, il a couvert des événements majeurs tels que les élections présidentielles et les catastrophes naturelles. Il a été acclamé pour sa capacité à créer des récits captivants qui capturent l'expérience humaine.
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