Stock markets

Intel is the Dow’s biggest loser |  CNN Business

Intel is the Dow’s biggest loser | CNN Business

A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. New York CNN Business — Semiconductors are in everything. Our phones, our laptops, our televisions. Even our cars. But concerns about a global recession and continued worries about supply shortages stemming from …

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The perils and promise of quantum computing are nearing. Here are ways to invest

The stark warning came from one of the tech world’s most prominent CEOs. Sitting before an audience at the World Economic Forum in Davos, Switzerland, three years ago, Alphabet CEO Sundar Pichai said quantum computing has the power to transform humanity’s understanding of the natural world, enabling scientists to create new drugs and better batteries, …

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Tech stocks just had their worst two-week stretch since the start of the pandemic

Pedestrians pass by the New York Stock Exchange. Michael Nagle | Bloomberg | Getty Images What started off as a third-quarter rebound has turned into a flop for tech investors. The Nasdaq tumbled 5.1% this week after losing 5.5% the prior week. That marks the worst two-week stretch for the tech-heavy index since it plunged …

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European markets slide as investors digest more rate hikes

Market open: Fortum up 4%, Accor down 6% Shares of Fortum rose again in early trade Thursday after the Finnish company agreed to sell its 56% stake in German utility Uniper to the German government. The state-owned energy company shifted its stake in a nationalization deal. French hospitality company Accor saw its shares fall 6.3% …

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European businesses are rethinking their plans for a ‘closed’ China

Foreign direct investment from Germany to China grew by about 30% in the first eight months of the year from a year ago, China’s Ministry of Commerce said Monday. Vcg | Visual China Group | Getty Images BEIJING — European businesses in China are revaluating their market plans after this year’s Covid controls further isolated …

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European markets choppy as Fed meeting gets underway

Sweden’s central bank launches 100 basis point rate hike, says ‘inflation is too high’ Sweden’s Riksbank on Tuesday launched a 100 basis point hike to interest rates, taking its main policy rate to 1.75%, as it warned that “inflation is too high.” In a statement, the central bank said soaring inflation was “undermining households’ purchasing …

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Stocks making the biggest moves midday: Lennar, Coinbase, Array Technologies and more

A worker at a Lennar home under construction. Justin Sullivan | Getty Images News | Getty Images Check out the companies making the biggest moves midday Monday: DR Horton, Lennar, PulteGroup — Homebuilder stocks moved higher on Monday after KeyBanc double upgraded the sector to overweight from underweight. Analyst Kenneth Zener said that homebuilders, which …

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Fed meeting ahead will decide whether stocks can stabilize or fall back to bear market lows

The Federal Reserve is expected to raise interest rates by another three-quarters of a point Wednesday, but it is what it signals about future rate hikes that will drive markets. The central bank’s two-day meeting Tuesday and Wednesday comes in a week where investors will also be on high alert for more guidance about corporate …

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Cramer’s week ahead: FedEx’s warning shows the Fed is further along in fighting inflation than expected

CNBC’s Jim Cramer on Friday said that FedEx’s warning of worsening economic conditions suggests the Federal Reserve is doing better in its inflation effort than expected — meaning the central bank could take a step back after its meeting next week. “If Fed chief Jay Powell watched our interview last night … he might discover …

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China’s retail sales, industrial production beat expectations in August

August was marked by extremely hot temperatures in parts of China, prompting temporary power rationing in some regions. Pictured here on Aug. 24, 2022, is the central city of Chongqing’s skyline with the lights partially turned off to conserve energy during the heatwave. Vcg | Visual China Group | Getty Images BEIJING — China reported …

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