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☆ Police use tear gas, water cannons and stun grenades on 'foreign agent' bill protesters in Georgia's capital
▼ + stars: | 2024-05-01 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: +1 min

(Photo by Davit Kachkachishvili/Anadolu via Getty Images)Tear gas, stun grenades and water cannons were reportedly used by riot police against protesters in Georgia's capital Tbilisi as demonstrations over a so-called "foreign agent" bill escalated. Clashes lasted until late into Tuesday night, with police trying to disperse protesters which the Georgian internal ministry said were breaking demonstration laws by blocking entrances and exits to the country's parliament. "Totally unwarranted, unprovoked and out of proportion use of force ongoing in Tbilisi against peaceful protesters," Georgia's President Salome Zourabichvili said in a post on social media platform X. The bill would force non-governmental organizations, campaign groups and media platforms who receive at least 20% of funding from abroad to register as "foreign agents." They would also be under close scrutiny by Georgia's justice ministry and be made to share sensitive details with authorities, or be faced with large fines.

Persons: Davit Kachkachishvili, Salome Zourabichvili Organizations: Getty Locations: Tbilisi , Georgia, Anadolu, Georgia's, Tbilisi

☆ Treasury yields little changed ahead of Fed decision, policy guidance
▼ + stars: | 2024-05-01 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: +1 min

ET, the yield on the 10-year Treasury was less than one basis point higher to 4.6862%. The 2-year Treasury yield was last at 5.0373% after dipping by around one basis point, holding above the 5% mark it crossed Tuesday. U.S. Treasury yields held steady on Wednesday, as investors awaited economic data and the Federal Reserve's latest interest rate decision and monetary policy guidance. The Fed is widely expected to keep rates unchanged, and investors are hoping that officials will provide fresh signals about the potential path ahead for interest rates. Uncertainty has grown in recent weeks about the possibility, number and timing of interest rate cuts this year.

Organizations: Treasury, . U.S, Federal, Fed, Traders Locations: .

☆ Volkswagen profit drops 20% in first quarter on lower sales
▼ + stars: | 2024-04-30 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: 1 min

A man polishes a Volkswagen ID GTI Concept car on display at the International Motor Show (IAA) in Munich, southern Germany, on Sept. 5, 2023. German carmaker Volkswagen on Tuesday said its operating profit dropped by 20% in the first quarter as weaker demand for its premium brands drove a drop in sales. Operating profit came in at 4.6 billion euro ($4.9 billion) in the first three months of 2024, the company said, citing lower sales and higher fixed costs as key factors. This is a breaking news story and will be updated shortly.

Organizations: Volkswagen Locations: Munich, Germany

☆ Treasury yields rise ahead of Fed meeting
▼ + stars: | 2024-04-30 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: +1 min

ET, the yield on the 10-year Treasury was up by around two basis points to 4.6343%. The 2-year Treasury yield was last at 4.9809% after rising by less than one basis point. U.S. Treasury yields were slightly higher on Tuesday as investors looked to economic data for hints about the state of the economy ahead of the Federal Reserve's meeting. Investors awaited economic data and looked to the Federal Reserve's meeting, which is due to begin Tuesday and conclude Wednesday with a fresh interest rate decision and press conference. Last week, the personal consumption expenditures price index, the Fed's favored inflation gauge, came in slightly above expectations for March.

Organizations: Treasury, Investors, Headline

☆ First British royal visits Ukraine since Russian invasion began
▼ + stars: | 2024-04-30 | by ( Catherine Nicholls | ) edition.cnn.com time to read: +3 min

CNN —The Duchess of Edinburgh has become the first member of the British royal family to visit Ukraine since Russia’s invasion in 2022, Buckingham Palace announced on Monday. The duchess is a champion of the UK’s Preventing Sexual Violence in Conflict Initiative and the United Nations’ Women, Peace and Security Agenda. Sophie met survivors of conflict-related sexual violence and torture, as well as children who were allegedly forcibly separated from their families by Russia, according to Buckingham Palace. Sophie, Duchess of Edinburgh lights a candle as she visits Saint Andrew's Church on April 29, 2024 in Bucha, Ukraine. In March 2023, Prince William visited the Ukrainian-Polish border to meet British and Polish troops and learn more about their collaboration in supporting Ukraine.

Persons: Duchess, Buckingham, Sophie, Edinburgh, Prince Edward , King Charles ’, “, ” “, ”, Anatolii, Volodymyr Zelensky, Olena Zelenska, ” Buckingham, Prince William Organizations: CNN, United Nations, CNN’s Royal, Ukraine, Andrew's Church, Democratic Locations: Edinburgh, Ukraine, Russia, Buckingham, Bucha, Kyiv, Kosovo, Sierra Leone, South Sudan, Democratic Republic of, Congo, Colombia

☆ 9 Places to See the Summer Olympics Without Setting Foot in Paris
▼ + stars: | 2024-04-29 | by ( Sophie Stuber | ) www.nytimes.com time to read: +1 min

For sports fans, Paris will be the center of the universe this summer — and with 15 million Olympic and Paralympic visitors expected, it will feel like it, with crowds and high prices. But Paris isn’t the only Olympic site in France: Nine destinations outside the metro region are also hosting events, giving travelers a way to catch some action without getting caught up in the crush. In places like Bordeaux, Marseille and even Tahiti, you can watch top athletes compete in soccer, basketball, sailing and surfing. (Tickets have been added in batches, so if the ones you want aren’t available, keep checking the ticketing site, tickets.Paris2024.org. And when you’re not watching sports, you can take advantage of museums, parks, design centers, and fresh food and wine options.

Persons: Paris, you’re Locations: Paris, France, Bordeaux, Marseille, Tahiti, Nantes

☆ US safety regulations will require better automatic braking
▼ + stars: | 2024-04-29 | by ( Peter Valdes-Dapena | ) edition.cnn.com time to read: +3 min

New rules from the National Highway Traffic Safety Administration will require improved automating braking systems on new cars sold in the United States by September, 2029. Even though automatic emergency braking, or AEB, is already common on new vehicles sold in the US, these new requirements will save hundreds of lives per year, NHTSA officials said in a statement. AEB is standard equipment on a large majority of new vehicles sold thanks to a voluntary agreement most automakers signed in 2016. If the driver fails to respond in time or with enough braking force, AEB systems apply the brakes automatically. Research by the privately funded Insurance Institute for Highway Safety showed today’s AEB systems reduced rear-end collisions by about 50%.

Persons: Sophie Shulman Organizations: CNN, National, Traffic, Institute for Highway Safety, Vehicles, NHTSA Locations: United States

☆ Treasury yields fall as investors look to Fed meeting
▼ + stars: | 2024-04-29 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: +1 min

The 2-year Treasury yield was last more than one basis point lower to 4.9830%. U.S. Treasury yields declined on Monday as investors looked ahead to the Federal Reserve policy meeting and economic data scheduled for this week. Investors awaited the Federal Reserve's meeting, which is set to begin Tuesday and conclude with an interest rate decision and press conference about policymakers' discussions on Wednesday. While markets are widely expecting interest rates to remain unchanged, investors will be closely watching out for policy guidance from the central bank. This comes as recent economy data has suggested resilience from the economy and persistent inflationary pressures.

Persons: Dow Jones, payrolls Organizations: Treasury, U.S, Federal Reserve, Investors

☆ France moves to rescue Atos as former IT crown jewel struggles to stay afloat
▼ + stars: | 2024-04-29 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: +2 min

This photograph taken on April 26, 2024 shows the headquarters of the French multinational information technology company ATOS in Bezons, near Paris. The offer was based on an indicative enterprise valuation between 700 million euros ($750 million) and 1 billion euros as part of the offer, the firm said. "There are within Atos sovereign activities that must remain under the exclusive control of France," he said, according to a CNBC translation. Atos' net debt stood at 3.9 billion euros at the end of the first quarter, the company said earlier this month. Shares in Atos jumped as much as 19% on the news of the French government's offer early on Monday, and were last up by 22.01% at 11:57 a.m. London time.

Persons: Ludovic MARIN, LUDOVIC MARIN, Bruno Le Maire, Le Maire, Daniel Kretinsky, Atos Organizations: Getty Images, CNBC, Reuters, Airbus, Paris Locations: Bezons, Paris, AFP, French, France, Atos, London

☆ Germany's far-right AfD party is finding success on TikTok — as its popularity among young voters grows
▼ + stars: | 2024-04-29 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: +6 min

Cardboard stands with the AfD logo lie on the chairs in the Wiesenhalle before the start of the AfD Brandenburg state party conference. Traditionally, young voters are seen as more left-leaning, but the voting data suggests some divergences, with experts pointing to social media and what they describe as online echo chambers. A study published earlier this month showed that over half of those aged 14-29 in Germany use social media to stay updated about news and politics. But Berendsen told CNBC that it is one of the social media platforms where the tunnel-effect can be an issue. An AfD spokesperson confirmed to CNBC that its videos and texts posted on social media are tailored to young people.

Persons: Monika Skolimowska, Infratest Dimap, Eva Berendsen, Anne Frank, Baerbock, Maximilian Krah, TikTok, Berendsen Organizations: Getty, Russia, Anne, CNBC Locations: Hesse, Germany

☆ Treasury yields ease slightly ahead of key inflation data
▼ + stars: | 2024-04-26 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: +1 min

ET, the 10-year Treasury was down by over three basis points to 4.6754%. The yield on the 2-year Treasury was last more than one basis point lower at 4.9850%. U.S. Treasury yields fell on Friday as investors digested Thursday's gross domestic product report and looked ahead to the release of key inflation figures. The yields on the 10-year Treasury and 2-year Treasury had soared to their highest levels since November on Thursday, following the release of a weaker-than-expected U.S. gross domestic product reading. Fresh inflation insights are expected Friday in form of the personal consumption expenditures price index, the Fed's favored inflation gauge.

Persons: Dow Jones Organizations: Treasury, U.S, Federal Reserve, PCE

☆ Alphabet stock surges 11% on blowout earnings and first dividend for Google owner
▼ + stars: | 2024-04-26 | by ( George Glover | ) www.businessinsider.com time to read: +3 min

Alphabet shares surged in Friday's premarket after a blowout earnings report for the Google owner. AdvertisementAlphabet stock surged ahead of Friday's opening bell as investors cheered the Google owner's blowout first-quarter earnings. If those gains hold until the opening bell, its valuation will top $2 trillion for the first time. Meanwhile, Microsoft stock made more modest gains after it reported first-quarter earnings on Thursday afternoon. Shares were up almost in pre-market trading, putting its market capitalization on course to jump about $11 billion at the opening bell back above $3 trillion.

Persons: —, AJ Bell, Russ Mould, Amy Hood, hadn't, OpenAI, Sophie Lund, Yates, Hargreaves Lansdown Organizations: Google, Microsoft, Nasdaq, Big Tech, Service, Apple Locations: Friday's

☆ How to position for growth in earnings, inflation, and the economy
▼ + stars: | 2024-04-26 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHow to position for growth in earnings, inflation, and the economySophie Lund-Yates, Senior Equity Analyst at Hargreaves Lansdown, and Ryan Detrick, Chief Market Strategist at the Carson Group, discuss mega-cap tech earnings, today's PCE report, and the direction of the markets.

Persons: Sophie Lund, Yates, Hargreaves Lansdown, Ryan Detrick Organizations: Carson Group, PCE

☆ Meta stock plunges on ‘aggressive’ AI spending plans
▼ + stars: | 2024-04-25 | by ( Hanna Ziady | ) edition.cnn.com time to read: +2 min

London CNN —Shares in Meta plunged in premarket trading Thursday as the Facebook owner’s plans to “invest aggressively” in artificial intelligence spooked investors. The company is competing head-to-head with Microsoft and Google to unlock the enormous potential of AI. Meta (META), which also owns WhatsApp and Instagram, said Wednesday that first-quarter profit more than doubled year-on-year, while revenue was up 27%. Meta said full-year capital expenditure would be in the range of $35-40 billion — up from previous guidance of $30-37 billion — as it continues to accelerate infrastructure investments to support AI. Meta has forecast revenue of $36.5-39 billion, versus analyst expectations of $38.2 billion.

Persons: —, ” Sophie Lund, Yates, Hargreaves Lansdown, Meta, Mark Zuckerberg, ”, Stephen Innes Organizations: London CNN —, Meta, Facebook, Microsoft, Google, ”, Management

☆ Treasury yields dip ahead of gross domestic product, inflation data
▼ + stars: | 2024-04-25 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: +1 min

The 2-year Treasury yield was last at 4.9248% after dipping by just over one basis point. U.S. Treasury yields fell slightly on Thursday as investors looked ahead to key economic data points that could inform the path ahead for interest rates. Investors awaited gross domestic product and inflation insights due Thursday and Friday, respectively. The data could inform how Federal Reserve policymakers think about monetary policy and what decisions they come to regarding the outlook for interest rates. Markets are widely expecting interest rates to remain unchanged then, with traders last pricing in the first rate cut for September according to CME Group's FedWatch tool.

Persons: Dow Jones Organizations: Treasury, U.S, PCE

☆ Gen Z would rather take a chance on a new app than use 'embarrassing' Instagram if TikTok gets banned
▼ + stars: | 2024-04-25 | by ( Lindsay Dodgson | ) www.businessinsider.com time to read: +9 min

AdvertisementAs a potential US TikTok ban looms, Gen Zers are contemplating what app might take its place. A potential TikTok ban loomsThe US Senate passed a bill on Tuesday that could see TikTok removed from app stores. It's unclear if such AI tools would convince Gen Z to scroll on Instagram and use it more often. AdvertisementJaxson Whittle, an older Gen Z, told BI he holds a different opinion. "No hate to them, but I don't think it's the move for Gen Z at the moment."

Persons: Young, —, Zers, Joe Biden, They'd, Gabrielle Yap, Instagram, Josie doesn't, Gen, Hibaq Farah, TikTok, Farah, Tabitha Mae, I'm, I've, Yap, Kat, It's, Sophie Lund, Yates, Hargreaves Lansdown, Jaxson Whittle, TikToker Cassandra Marie, Gen Z, she's Organizations: Service, Senate, Business, Pew Research Center, Meta, Facebook, BBC, YouTube, Gen Locations: TikTok

☆ Stock market today: Tesla shares pop as Elon Musk's promise of cheaper EVs charms investors
▼ + stars: | 2024-04-24 | by ( George Glover | ) www.businessinsider.com time to read: +2 min

Meanwhile, Nasdaq futures rose 0.6% and S&P 500 futures ticked up 0.2%. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementTesla's stock rallied before the opening bell on Wednesday as investors reacted to the electric car maker's first-quarter earnings report. The gains came after Tesla's earnings of $0.45 per share for the three months ending March 31 missed analysts' expectations. AdvertisementMeanwhile, US stocks looked set to start the day in the green, with S&P 500 futures up 0.2% and Nasdaq 100 futures climbing 0.6%.

Persons: Tesla, —, Sophie Lund, Yates, Hargreaves Lansdown's, Tesla's, It's Organizations: Nasdaq, Service, Dow Jones Industrial

☆ Photos show Sahara dust turn Athens orange
▼ + stars: | 2024-04-24 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: 1 min

Athens and the south of Greece appeared to be coloured in orange and red after dust from the Sahara engulfed the area on Tuesday evening. Strong winds had carried the dust across hundreds of miles from Africa. The dust is expected to clear throughout Wednesday, when winds are set to ease, local media reported. The strong winds alongside hot temperatures also raised concerns about wildfires, with the Greek Fire Service saying 25 had broken out in the 24 hours to Tuesday evening, according to a Google translation.

Organizations: Greek Fire Service Locations: Athens, Greece, Sahara, Africa

☆ Germany arrests EU Parliament staff member on China espionage charges
▼ + stars: | 2024-04-23 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: +3 min

Germany has arrested a national on charges of spying for the Chinese secret service and leaking information from the European Parliament, Germany's federal prosecutor's office said on Tuesday. The man was also accused of spying on members of the Chinese opposition in Germany, according to a CNBC translation. The alleged spy was named as Jian G. and identified as an employee of a German member of the European Parliament since 2019. "If it is confirmed that there was espionage for Chinese intelligence services from within the European Parliament, then that would be an attack on European democracy from within. The ministry also said it hoped that Germany would stop using the so-called spy threat to manipulate political narratives, according to Reuters.

Persons: Scholz, Jian G, Maximilian Krah, Nancy Faeser Organizations: Tongji University, CNBC, Reuters Locations: China, Germany, Brussels

A solar energy company and a video game maker were highlighted by analysts Tuesday. Meanwhile, JPMorgan upgraded Roblox to overweight from neutral, and its new price target implies upside of more than 35%. — Pia Singh 5:43 a.m.: KeyBanc downgrades beaten-down solar stock Sunnova Energy Heading into first-quarter earnings, KeyBanc Capital Markets is cautious on residential solar names, particularly Sunnova Energy . Analyst Sophie Karp downgraded the Texas-based residential and commercial solar energy company to sector weight from overweight and removed her price target on the stock. It also raised its price target to $48 from $41, implying a 37% rally over the next 12 months.

Persons: KeyBanc, Oppenheimer, Dwight, Rupesh Parikh, Parikh, — Pia Singh, DataDog, Andrew Nowinski, Datadog, Nowinski, Yun Kim, Kim, MDB, KeyBanc downgrades, Sophie Karp, Karp, —, Cory Carpenter, Carpenter, Fred Imbert Organizations: CNBC, JPMorgan, Loop Capital, Sunnova Energy, NOVA, SolarEdge Technologies, Enphase Energy Locations: Sunnova, Parikh, Wells Fargo Wells, Texas, U.S

☆ Treasury yields hold steady as investors look to fresh data
▼ + stars: | 2024-04-23 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: +1 min

ET, the yield on the 10-year Treasury was down by less than one basis point to 4.6189%. The yield on the 2-year Treasury was last at 4.9805% after rising by less than one basis point. U.S. Treasury yields were little changed on Tuesday as investors awaited fresh economic data that could provide insights into the state of the economy. Economists polled by Dow Jones are expecting a 1.2% rise for the month after the figure had declined 0.3% in February. Investors will be assessing this week's data for clues about whether the economy is continuing to prove resilient and whether inflationary pressures remain sticky.

Persons: Dow Jones Organizations: Treasury, Federal

☆ Stock market today: US futures rise as Tesla kicks off Magnificent 7 earnings season
▼ + stars: | 2024-04-23 | by ( George Glover | ) www.businessinsider.com time to read: +2 min

Tesla is set to kick off Big Tech earnings season after the closing bell. AdvertisementUS stocks looked set to open higher at the opening bell on Tuesday, as traders waited for Tesla to kick off a make-or-break Magnificent Seven earnings season. Analysts are expecting Tesla to post earnings of $0.44 per share for the three months ending March 31, according to data from Refinitiv. "Big tech kicks off with Tesla results this evening," Sophie Lund-Yates, Hargreaves Lansdown's lead equity analyst, said. General Motors, Spotify, and Visa are among the other companies set to report earnings on Tuesday.

Persons: Tesla, —, Sophie Lund, Yates, Hargreaves Lansdown's Organizations: Big Tech, Elon Musk's, Service, Nasdaq, Dow Jones Industrial, Motors, Spotify, Visa Locations: Elon

☆ Global military spending hit all-time high in 2023 after 7% jump, report finds
▼ + stars: | 2024-04-22 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: +4 min

The figure marked a 6.8% increase from 2022 and the sharpest year-on-year jump since 2009, the institute said in a report on military spending trends. "The unprecedented rise in military spending is a direct response to the global deterioration in peace and security," Nan Tian, senior researcher in SIPRI's military expenditure and arms production programme, said in a statement. Military expenditure has been rising for nine years straight, and military spending bolstered in all regions of the world for the first time since 2009, the report found. Ukraine's military spending meanwhile totaled around $64.8 billion — around 59% the amount of Russia's spending, but 37% of Ukraine's GDP, the report said. Tensions in the Middle East also significantly contributed to the overall rise in global military spending, the report said.

Persons: Nan Tian, spender, Lorenzo Scarazzato, Donald Trump, Jens Stoltenberg Organizations: 1st Tank Brigade, Ukrainian Ground Forces, Getty Images, Stockholm International Peace Research Institute, Kyiv, NATO, U.S Locations: Ukraine, Stockholm, Central America, Caribbean, Russia, China, U.S, East, Israel, Gaza

☆ Treasury yields rise as investors look to key data in week ahead
▼ + stars: | 2024-04-22 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: +1 min

U.S. Treasury yields rose on Monday as investors looked to economic data in the week ahead that could provide fresh hints about the state of the economy and outlook for interest rates. Investors awaited fresh economic data as uncertainty about the outlook for the U.S. economy and Federal Reserve monetary policy persisted. Several key data points are slated for the week, including the personal consumption expenditures price index for March, which is due Friday. The PCE is the Fed's favored inflation gauge and could inform policymakers' thinking about what could lie ahead for interest rate cuts ahead of the next Fed policy meeting on April 30-May 1. Durable goods orders and a reading of the gross domestic product for the first quarter of 2024 are among the other key data points due throughout the week.

Persons: Jerome Powell Organizations: Treasury, U.S, Investors, Federal Reserve, PCE, Fed Locations: U.S

☆ TikTok has become a pseudo-shopping channel, and Gen Z has had enough
▼ + stars: | 2024-04-22 | by ( Lindsay Dodgson | ) www.businessinsider.com time to read: +8 min

@ceevannn #stitch with @Renèe | Influencer Marketing these days, Katy Hearn’s products and branding dont move me to purchase. TikTok influencers stand above IG because of authenticity. As social media marketing evolved, so did the opportunity for influencers to work with more brands. Data shared with the outlet from a YPulse study found that 45% of 13 to 22-year-old respondents felt influencers don't have the sway they used to. Sophie Wood, the director of strategy at influencer marketing agency Fohr, told BI the influencer bubble hasn't burst, it's just changing.

Persons: —, Manrika Khaira, TikTok, it's, Zers, CeeVan, influencers, Katy, rogan, @Madeline Pendleton, Ashley Rector, Quimby, — influencers, Rector, Samantha Zink, Zink, Gen Z, Influencers, Catherine Falls, Sophie Wood, Wood, Hannah Witton, Witton, It's, Jessica Dante Organizations: Service, Business, Influencer, qvc, Federal, Quimby Digital, Zink Talent, Yahoo News, YouTube, Smart, BI, Love Locations: Catherine, London

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