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☆ Telegram CEO says French charges against him are 'misguided' — read his full statement
▼ + stars: | 2024-09-06 | by ( Ryan Browne | ) www.cnbc.com time to read: +1 min

Pavel Durov, chief executive officer of Telegram, at the Mobile World Congress in Barcelona, Spain, on Tuesday, Feb. 23, 2016. The boss of messaging platform Telegram said late Thursday that charges against him by France are "misguided," in his first public comments since being detained in the country nearly two weeks ago. He cannot leave French territory and has to report twice weekly to a police station, prosecutors said last week. In his first public comments on the situation, Durov said Thursday that France's decision to detain and charge him was based on a "misguided approach. "Using laws from the pre-smartphone era to charge a CEO with crimes committed by third parties on the platform he manages is a misguided approach."

Persons: Pavel Durov, —, Durov Organizations: Mobile Locations: Barcelona, Spain, France

☆ Airplane engines are in short supply. The business of fixing older ones is booming
▼ + stars: | 2024-09-04 | by ( Leslie Josephs | ) www.cnbc.com time to read: +7 min

It's all piling up, and aircraft engine shops around the world are overflowing. American Airlines ' solution is to do more of the work itself. "We just have one customer and that's American Airlines doing our work," American's chief operating officer, David Seymour, said. GE Aerospace brought in $11.7 billion from engine maintenance, repairs and overhaul in the first half of 2024, making up 65% of its revenue. An airplane engine at American Airlines' test cell in Tulsa, Oklahoma.

Persons: David Seymour, Tulsa , Oklahoma Erin Black, It's, France's Safran, Seymour, Leslie Josephs, Thomas Toepfer, Kevin Michaels, Martin Gauss, Pratt, that's, Advisory's, Erin Black, Michaels Organizations: Boeing, Airbus, Alton Aviation Consultancy, GE Aerospace, GE, Pratt & Whitney, Royce, American Airlines, Airlines, CFM, CNBC, Tulsa International Airport, American, JetBlue Airways, Spirit Airlines Locations: TULSA, Okla, Tulsa , Oklahoma, Tulsa, American's, Riga, Latvia

☆ What we know about the charges filed against Telegram CEO Pavel Durov
▼ + stars: | 2024-08-29 | by ( Katherine Tangalakis-Lippert | Lloyd Lee | ) www.businessinsider.com time to read: +4 min

Read previewFrench authorities charged Telegram CEO Pavel Durov with six crimes on Wednesday related to allegations that the tech leader allowed illegal activity to proliferate on his platform. Durov's arrest raises questions about free speech and content moderation. Telegram called Durov's arrest "absurd" and said that the company is "awaiting a prompt resolution" of the situation. Durov's arrest has received backlash from free-speech absolutists like Elon Musk — although his track record for allowing speech on X has also come into question. AdvertisementMusk, who has been criticized for the lack of content moderation on his platform X, defended Durov and painted the Telegram CEO's arrest as a broader global threat around free speech.

Persons: —, Pavel Durov, Durov, He'll, David, Olivier Kaminski, Elon Musk, Daniel Lyons, Lyons, K, Dhillon, Emmanuel Macron Organizations: Service, Business, Associated Press, AP, Paris, Elon, Boston College Law School, New York Times, Times, Group, California Republican Party Locations: Ukraine, Russia, France

☆ Ukraine keeps gaining ground in its push into Russia, with 74 settlements under its control, commander says
▼ + stars: | 2024-08-14 | by ( Sinéad Baker | ) www.businessinsider.com time to read: +4 min

Read previewUkraine has continued its push into Russia's Kursk region with 74 settlements under its control, according to its commander-in-chief. Syrskyi said his forces controlled 74 settlements in Russia's Kursk region as of Tuesday. Syrskyi also said that on Tuesday alone Ukrainian forces advanced another 1.3 miles and took control of more than 15 square miles of additional Russian territory, Ukrainian outlet The Kyiv Independent reported. It wasn't certain exactly how the Ukrainian side was defining the 74 settlements it claimed to control. AdvertisementMedics provide assistance in a vehicle in Russia's Kursk region on Sunday.

Persons: —, Oleksandr Syrskyi, Volodymyr Zelenskyy, Syrskyi, ISW, Zelensky, Anatoliy Zhdanov, John Kirby, Vladimir Putin Organizations: Service, Ukrainian, Business, Independent, REUTERS, France's AFP, Institute for, Sunday, Kommersant, BBC Locations: Ukraine, Russia's Kursk, Ukrainian, Russian, Sumy region, Russia, Kursk

☆ France's 'Olympics truce' ends, returning political tensions to the fore
▼ + stars: | 2024-08-14 | by ( Jenni Reid | ) www.cnbc.com time to read: +5 min

Tom Weller/voigt | Getty Images Sport | Getty ImagesTime is running out on the so-called "Olympic political truce" declared by French President Emmanuel Macron in late July, pushing the country's rocky political landscape back into focus. The left-wing New Popular Front alliance won the highest number of seats and prevented a much-discussed victory for the far-right National Rally. Meanwhile, Macron's own politics and allied government have been "widely rejected by the French," Massoc added, and no party will form an alliance with far-right National Rally. Even within the leftist grouping, parties are divided and some will refuse any sort of alliance with centrists, she said. Under the French political system, the parliament has relatively little power and between 2017 and 2022, 65% of texts adopted were laws proposed by the government rather than parliament, Massoc noted.

Persons: Emmanuel Macron, Tom Weller, voigt, Macron, —, tussles, Gabriel Attal, Lucie Castets, Elsa Clara Massoc, Gallen, Castets, Massoc, Les, Renaud Foucart Organizations: Stade de France, Olympic Games, Getty, Paris, Front, New Popular, National Assembly, University of St, CNBC, centrists, CAC, Lancaster University Locations: France, Paris, —

☆ UK, U.S. inflation prints in focus as European markets head for higher open
▼ + stars: | 2024-08-14 | by ( Holly Ellyatt | ) www.cnbc.com time to read: 1 min

LONDON — European stocks are expected to open higher Wednesday as investors in the region await key inflation prints from the U.S. and U.K. U.K. inflation data out on Wednesday will be the first print since the Bank of England cut interest rates by 25 basis points last month. After two months at 2%, economists polled by Reuters expect the headline inflation rate to tick higher, to 2.3%. Money markets are currently pricing in a high probability of more interest rate cuts by the BoE, amounting to 50 basis points this year. The central bank's key rate currently sits at 5%.

Persons: Germany's DAX, BoE Organizations: New Oxford, LONDON, CAC, IG, Bank of England, Reuters Locations: London, U.S

LONDON — European stocks are expected to open higher Tuesday, regaining some positive momentum after last week's volatility. The U.K.'s FTSE index is seen opening 26 points higher at 8,233, Germany's DAX up 18 points at 17,288, France's CAC 40 up 14 points at 7,259 and Italy's FTSE MIB 62 points higher at 32,084, according to data from IG. European stocks closed mixed on Monday as forthcoming U.S. and U.K. inflation data dominated investor attention. U.K. wage data released by the Office for National Statistics on Tuesday showed that pay excluding bonuses grew 5.4% year-on-year between April and June — the lowest rate in two years. U.K. inflation data, due on Wednesday, will be the first print since the BOE cut interest rates by 25 basis points.

Persons: Germany's DAX, Jack Kennedy, BOE Organizations: LONDON, CAC, IG, Office, National Statistics, Reuters, Bank of England, U.S Locations: France, Spain, Italy

☆ The Olympics brought rare unity to France. Now back to the political games.
▼ + stars: | 2024-08-12 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Alex-Smith-Circle-Byline-Template.Jpg | Alexander Smith | ) www.nbcnews.com time to read: +7 min

PARIS — It’s 1:00 a.m. on the banks of the Canal de Saint-Denis and the 2024 Paris Olympics closing ceremony finished an hour ago. But the political and social turmoil France faced before a ghostly metal horse galloped down the Seine has not gone away. French President Emmanuel Macron at the Paris Olympic Games. The French president could easily have been giving his view on France’s immediate political future when discussing the rain-drenched opening ceremony with NBC News. Optimism aside, analysts believe the country faces years of deadlock that could end with a far-right president in 2027.

Persons: Denis, Sara Zinger, Mary Mathurin, France's Leon Marchand, Dar Yasin, Emmanuel Macron, Pascal Le Segretain, Macron, Macron’s, Rainbow Murray, they’ve, Murray, Le Pen, Lady Gaga —, Le, Maxime Jourdan, Marine Le Pen, Charles Platiau, who’s, it’s, Rene Nijhuis, Paris Mayor Anne, Marie Hidalgo, France’s Le, Alain Jocard, Hector Gore Organizations: PARIS, Stade de France, Marine, Paris Olympic, NBC, Queen Mary University of London, Rally, Olympics, Olympic, BSR Agency, Getty, Eiffel, Concorde, triathletes, Paris Mayor, France’s Le Figaro, Metro, Paris Games, French, Square, Games Locations: Saint, Parisian, hipsters, France, Paris, Europe, Seine, Montmartre, AFP

☆ CNBC Daily Open: Prequels, sequels and pixie dust
▼ + stars: | 2024-08-12 | by ( Abid Ali | ) www.cnbc.com time to read: +3 min

This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. The S&P 500 ended the week just 0.04% lower, while the Dow Jones Industrial Average slipped 0.6% and the Nasdaq Composite dipped 0.18%. At its lowest point on Monday, the S&P 500 was down nearly 10% from its recent high and the Nasdaq entered correction territory. [PRO] Low-volatility stocksDespite a wild week with steep sell-offs and concerns about Fed policy, markets rebounded showing resilience.

Persons: Disney, Indiana Jones, Carlos Tavares, Donald Trump, Sen, Elizabeth Warren, Elon Musk, Elon Musk's, Warren, Tesla, Robyn Denholm, Musk, CNBC's Pia Singh Organizations: CNBC, Wall, Dow Jones, Nasdaq, Magic, Hollywood, Inc, Animal Kingdom, Fiat Chrysler, France's PSA Groupe, Trump, Trump Media, SpaceX, Twitter Locations: U.S, Magic Kingdom, Disney's California, Michigan, Friday's

☆ Australian Olympian 'Raygun' went viral for her breakdancing moves. Now, she's defending them.
▼ + stars: | 2024-08-12 | by ( Palmer Haasch | ) www.businessinsider.com time to read: +8 min

Gunn's time on the Olympic stage, however, was short-lived. The article examined how institutionalization in the Olympic games would impact the Australian breaking scene. Her now-husband, Samuel Free, introduced her to breaking in 2008 while they were at university, Gunn told The Sydney Morning Herald. Rachael "Raygun" Gunn competing at the 2024 Olympics in Paris. Advertisement(Raygun's full performances — and the rest of the 2024 Olympic events — are available to replay on Peacock.)

Persons: —, Rachael Gunn, France's Syssy, Lithuania's, Raygun didn't, i've, A5aqxIbV3H — David Mack, Gunn, Lucas Marie, Samuel Free, Women's, Rachael, Raygun, Ezra Shaw, RayGun, Breakdancing, ove, achael,, aris O lympics. Organizations: Service, Olympics —, Department of Media, Communications, Creative Arts, Macquarie University, Business, Olympic, Weekly, Sydney Morning Herald, Australian Breaking Association, aris O Locations: Sydney, Australia, United States, Paris, breakdancing

Thierry Breton, France's European Union commissioner for internal market and consumer protection, industry, research and energy. Billed as an unscripted conversation by Musk, the Spaces session will be one of the few campaign events Trump does this week. Breton warned Musk that the EU was prepared to "make full use of our toolbox" to protect EU citizens from "serious harm." Getty Images | Getty Images News | Getty ImagesSince then, Musk has made a series of incendiary comments about the situation in the U.K. on X. Riot police officers push back anti-migration protesters outside on Aug. 4, 2024 in Rotherham, U.K. Christopher Furlong | Getty Images

Persons: Elon Musk, Tesla, Apu Gomes, Linda Yaccarino, Thierry Breton, Yaccarino, Donald Trump, Musk, Kamala Harris, Keir Starmer, Ashlea Simon, Peter Kyle, Christopher Furlong Organizations: SpaceX, X Holdings Corp, Milken Institute's Global, Beverly Hilton Hotel, Getty, European, X Corp, Union, Trump, Republican, Democratic, EU's Digital Services, Digital Services, Riot, British, Britain, Times Locations: Beverly Hills , California, Europe, United Kingdom, EU, Breton, Southport , England, Southport, England, Northern Ireland, Falkland Islands, Rotherham, U.K

☆ European markets are set to rally at the open, with U.S. inflation data in focus this week
▼ + stars: | 2024-08-12 | by ( Holly Ellyatt | ) www.cnbc.com time to read: +1 min

LONDON — European stocks are expected to rally at the start of the new trading week, with global markets keeping a close eye on U.S. inflation data out Wednesday. European markets are set to follow in the footsteps of their counterparts in Asia-Pacific, where markets were mostly higher overnight. The rally comes after global stock markets see-sawed last week with steep sell-offs followed by a sharp rebound. U.S. stock futures were lower as investors awaited key inflation data due later this week. In focus is the U.S. producer price index report for July, out Tuesday, followed by the country's latest consumer price index data on Wednesday, with investors looking for signs that price growth is stabilizing.

Persons: Germany's DAX Organizations: CAC, IG Locations: Asia, Pacific, U.S

PARIS — The United States and China each won 40 gold medals, in the first Summer Games draw in Olympics history, with America pulling into a tie Sunday with victory in the last event, women’s basketball. But then San Diego native and decorated cyclist Jennifer Valente bailed out the United States by defending her gold in the women’s omnium. Gold medalist Noah Lyles of Team United States celebrates on the podium during the Men's 100m medal ceremony at the Olympics in Paris, on Aug. 5, 2024. The United States still came out with the most overall medals, taking home 126 from Paris 2024. The United States hasn’t failed at winning the most medals since 1992 when the “Unified Team,” athletes from the former Soviet Union republics, won 112 medals, 45 gold.

Persons: China’s Li Wenwen, could’ve, Yuka Kagami, Jennifer Valente, Noah Lyles, Cameron Spencer, United States hasn’t, Simone Biles, Jamie Squire, France's Anastasiia, Katie Ledecky, Germany's Isabel Gose, Jonathan Nackstrand, Frenchman Leon Marchand, Summer McIntosh, Lee Kiefer of, Lauren Scruggs, Eleanor Harvey, Patrick Smith, David K, Li, Sean Nevin Organizations: PARIS, America, France, Chicago, Kennedy Blades, Team United, States didn't, United, “ Unified, Soviet, Olympic Games, Bercy Arena, Getty, Paris La Defense, Lee Kiefer of Team United States, Team United States, Team Canada, Grand Palais Locations: United States, China, Japan, Italy, San Diego, Paris, U.S, States, Beijing, Norway, Germany, Soviet Union, Barcelona, Tokyo, Rio, London, Nanterre, AFP, Grand, France, Israel, Ecuador, Kyrgyzstan, Republic of Moldova, Soviet Republic

Below, we've outlined everything you need to know when it comes to how to watch USA vs. France, including free streaming options for the final game. How to watch USA vs. France in the USThe Olympic women's basketball gold medal game will be available on Peacock and NBC in the United States. How to watch USA vs. France in the UKThe women's basketball gold medal game will live stream on BBC iPlayer in the UK. How to watch USA vs. France in AustraliaThe women's basketball final will live stream for free through 9Now in Australia. How to watch USA vs. France in FranceIn France, the women's basketball gold medal match-up will be available to watch through France.TV for free.

Persons: France's, they've, hasn't, we've, Peacock, they'll, ExpressVPN Organizations: Business, Paris Olympics, USA, US, Tokyo Olympics, Australia, Belgium, Olympic, NBC, Sling, Blue, Basketball, BBC Locations: United States, France, Friday's, Australia, 9Now, tipoff

☆ Breaking explodes onto Paris' La Concorde, exciting spectators in its first Olympic showing
▼ + stars: | 2024-08-09 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Alex-Smith-Circle-Byline-Template.Jpg | Alexander Smith | ) www.nbcnews.com time to read: +8 min

Lithuania's Dominika Banevič, known as Nicka, at La Concorde in Paris on Friday. Lithuania's Dominika Banevič known as Nicka, Japan's Ami Yuasa known as Ami, and China's Liu Qingyi known as 671 at La Concorde in Paris, on Friday. Odd Andersen / AFP - Getty ImagesUsually the Place de la Concorde is a busy traffic intersection. Team USA's Logan Edra, known as Logistx, competes in the breaking round-robin at the Olympics in Paris, on Friday. On Saturday, USA's B-Boys Victor and Jeffro will be among the athletes competing in the men's try of Olympic breaking, wrapping the sport's Paris showing.

Persons: Japan’s Ami, Lithuania's Nicka, Ami, Nicka, Dominika, Odd Andersen, Elsa, Getty, India —, Japan's Ami Yuasa, China's Liu Qingyi, La Madeleine, Malik, —, Sunny, Logistx, USA's Logan Edra, It’s, Ava Rodriguez, Rodriguez, Alison Palaia, Eric Quinlan, ”, Quinlan, “ We’ve, Palaia, “, USA's, Boys Victor, Jeffro, Alexander Smith, Rebecca Cohen Organizations: PARIS, La Concorde, AFP, Getty, Team USA, China's, Team United States, Nicka, Concorde, La, U.S, Los Angeles Games, Olympics, Boys Locations: Japanese, Lithuanian, Paris, Bronx, New York City, Netherlands, India, Carlota, Luxor, France, America, Norwalk, Conn, U.S, ”

☆ European stocks set to rally at the open, shaking off global market panic
▼ + stars: | 2024-08-06 | by ( Holly Ellyatt | ) www.cnbc.com time to read: 1 min

LONDON — European stocks are expected to open higher Tuesday, with global markets looking set to rally after widespread volatility on Monday. On Tuesday, the U.K.'s FTSE index is expected to open 53 points higher at 8,049, Germany's DAX up 122 points at 17,436, France's CAC 40 up 48 points at 7,180 and Italy's FTSE MIB 170 points higher at 31,615, according to data from IG. European stocks fell sharply Monday, with the regional Stoxx 600 index plunging 3.5% and tech and bank stocks declining sharply.

Persons: Germany's DAX Organizations: CAC, IG

☆ Correction in the dollar-yen was overdue and may be 'healthy' for markets, former ECB chief says
▼ + stars: | 2024-08-06 | by ( Jenni Reid | ) www.cnbc.com time to read: +3 min

A carry trade involves an investor borrowing a currency with low interest rates and reinvesting it in higher-yielding assets elsewhere — taking advantage of that differential to make a financial gain. Investors piled into yen carry trades in recent years, attracted by Japan's low volatility and ultra-loose monetary policy. Global stock markets meanwhile plunged as "safe haven" assets such as the Swiss franc and U.S. Treasurys were bolstered. "You can't unwind the biggest carry trade the world has ever seen without breaking a few heads," Kit Juckes, chief foreign exchange strategist at Societe Generale, said in a Monday note. Trichet told CNBC Tuesday: "The correction can be seen as a healthy correction, in some respects.

Persons: it's, Jean, Claude Trichet, CNBC's, Treasurys, Kit Juckes, Trichet Organizations: European Central Bank, ., Bank of Japan, U.S, Global, Swiss, Societe Generale, CNBC, Federal Locations: France's, U.S, Europe, United States

☆ We left the U.S. and opened a bar in Paris that brings in up to $34,100 a month: 'There's an ease to living here'
▼ + stars: | 2024-08-06 | by ( Megan Sauer | ) www.cnbc.com time to read: +5 min

Kave and fellow American ex-pat Jennifer Crain are the co-founders of Abricot, a cocktail bar in Paris' 10th arrondissement. The bar has a small staff: three hourly employees and three contract employees. A mutual connection virtually introduced Kave and Crain shortly after, and the pair started expanding Crain's idea for a Parisian cocktail bar. They found a location and named their business Abricot, which is French slang for female genitalia. The delays ate up most of the initial investment, Crain says, as Abricot paid rent for over a year before it opened.

Persons: Allison Kave, Kave, she'd, Jennifer Crain, Crain, Abricot Organizations: Abricot, CNBC, Crain, Employees Locations: U.S, Paris, San Francisco, Austin , Texas, Brooklyn , New York, Brooklyn, crowdfunding, France, Europe

This grabbed the attention of U.K.-based French studies professor Martin Hurcombe, who specializes in French history and culture. French fans cheer during the women's cross-country cycling mountain bike event during the Paris Games on July 28. French fans have been wildly cheering for their athletes and team throughout these Olympic Games. Spectators celebrate as France's Leon Marchand wins the gold medal in men's 200-meter individual medley final at the Paris Games. I think it was a moment and there's a risk with these Olympics, as well, that this is (just) a moment."

Persons: “, Jérémy Boutier, France's Leon Marchand, Sarah Stier, Emmanuel Macron, Martin Hurcombe, Jared C, Tilton, Hurcombe, Amélie Oudéa, hasn't, Sameer Al, Léon Marchand, Tom Vanden Brande, Vanden Brande, Yolaine Wilson, it's, Zinedine Zidane, Lilian Thuram, Marcel Desailly, Christian Karembeu, Patrick Vieira, Dar Yasin, We've Organizations: Olympics, NBC News, Paris Games, Getty, University of Bristol, French Sports, Olympic Games, Olympic, Nigeria, Paris La Défense, French, France Locations: France, AFP, Paris, French West Indies, Ghana, New Caledonia, Senegal

☆ In Photos: The best fashion, looks and trends from the 2024 Paris Olympics so far
▼ + stars: | 2024-08-05 | by ( Leah Dolan | ) edition.cnn.com time to read: +6 min

Even the Olympic athletes are letting their personalities shine through via arty manicures or spray-painted hair. Christophe Petit Tesson/Pool/EPA/ShutterstockBritish Prime Minister Keir Starmer wore a Team GB rain jacket to the opening ceremony of the Olympic Games Paris 2024. Matthew Stockman/Getty ImagesLady Gaga wore custom-made Dior during her cabaret-inspired performance at the opening ceremony. John Walton/PAUS track and field athlete Sha'Carri Richardson dazzled the camera with her custom manicure during the opening ceremony. Jamie Squire/Getty ImagesModel Kendall Jenner seen wearing Team USA merchandise and high-waisted jeans on August 1.

Persons: Anna Wintour, Ariana Grande, Thom Browne, Zendaya, Law Roach, Jean, Charles de Castelbajac, it’s, Keir Starmer, —, Celine Dion, Serena Williams, Louis Vuitton, Fondation Louis Vuitton, Anthony Behar, Cynthia Erivo, Vuitton, Browne, Christophe Petit Tesson, Karwai Tang, Thelma Davies, Emmanuel Matadi, Lars Baron, Getty, Chrissy Teigen, John Legend, Matthew Stockman, Lady Gaga, Dior, John Walton, Sha'Carri Richardson, Ashley Landis, Dr, Jill Biden, Ralph Lauren, Karen Bass, Jamie Squire, Shirine Boukli, Buda Mendes, Sauer, Charles McQuillan, Snoop Dogg, Charlie Riedel, Jessica Chastain, Yuto Horigome, Sara Balzer, Mustafa Ciftci, Nicole Kidman, Natalie Portman, Simone Biles, Pete Dovgan, ” Biles, “, I’m Simone Biles, Kendall Jenner, Sharon Stone, Spain's Carlos Alcaraz, Serbia's Novak Djokovic, Arturo Holmes, Jordan Chiles, Alvaro Diaz, Latifah, Sameer Al, Princess Anne, Pascal Le Segretain, Noah Lyles, Christian Petersen, Kirill Kudryavtsev Organizations: CNN, Olympic Games, Vogue, arty, Starmer’s, Fondation Louis, British, Team Liberia, Getty, USA, South Korean Olympic, NBC, Apple, Nike, Kyodo, Anadolu Agency, Speed, Team USA, Europa Press, Team Locations: Paris, New York, Chloé, AFP, Los Angeles, Spring , Texas, Serbia, USA

☆ Major European markets head for flat to lower open amid global volatility
▼ + stars: | 2024-08-05 | by ( Holly Ellyatt | ) www.cnbc.com time to read: 1 min

Stock market numbers are displayed on a screen at the New York Stock Exchange during afternoon trading on August 02, 2024 in New York City. LONDON — European stocks are expected to start the new trading week in flat to negative territory as global volatility continues. The U.K.'s FTSE index is seen opening 3 points higher at 8,165 while Germany's DAX is expected to open 59 points lower at 17,591, France's CAC 40 down 17 points at 7,219 and Italy's FTSE MIB down 139 points at 32,009, according to data from IG. The subdued start for major European markets comes amid wider global volatility; U.S. stock futures fell Sunday night following a turbulent last week for Wall Street, in which the Nasdaq Composite dropped into correction territory. Asia-Pacific markets also continued the selloff overnight.

Persons: Germany's DAX Organizations: New York Stock Exchange, LONDON, CAC, IG, Wall, Nasdaq Locations: New York City, Asia, Pacific

☆ 10 biggest stories of the first week of the 2024 Summer Olympics
▼ + stars: | 2024-08-03 | by ( Kyle Feldscher | ) edition.cnn.com time to read: +15 min

The 2024 Summer Olympics are heading into their second weekend, and it’s truly been one for the history books. Turkey's Yusuf Dikec competes in the shooting 10m air pistol mixed team gold medal match during the Paris 2024 Olympic Games at Chateauroux Shooting Centre on July 30, 2024. Aleksandra Szmigiel/ReutersFrench athletes wave flags as they sail in a boat on the river Seine during the opening ceremony for the 2024 Summer Olympics in Paris, France, Friday, July 26, 2024. Fabrice Coffrini/AFP/Getty ImagesFrance's Anthony Jeanjean competes in the Men's Cycling BMX Freestyle Park Final during the Paris 2024 Olympic Games in Paris, on July 31, 2024. Emmanuel Dunand/AFP/Getty ImagesVisitors take pictures of the Olympic cauldron as it rises high after sunse on day two of the Olympic Games Paris 2024 at on July 28, 2024 in Paris, France.

Persons: it’s, Simone Biles ’, Léon, Simone Biles, Naomi Baker, she’s, Biles, Read, Léon Marchand, Gold, Leon Marchand, Quinn Rooney, he’s, Marchand, “, ”, Philippe Katerine, Dionysus, Katerine, ” Katerine, Anne, Christine Poujoulat, drenching, Cassandre Beaugrand, Alex Yee, New Zealand’s Hayden Wilde, Wilde, Yee, Novak, Serbia's Novak Djokovic, Lorenzo Musetti, Clive Brunskill, Rafael Nadal, Andre Agassi, Steffi Graf, Serena Williams, Djokovic, Nadal, Spain’s Carlos Alcaraz, Ilona Maher, Maher, Andy Murray, Murray, American’s Taylor Fritz, Tommy Paul, Dan Evans, Andy Murray’s, Kim Yeji, Charles McQuillan, there’s Yusuf Dikeç, Kim, Turkey's Yusuf Dikec, Alain Jocard, Dikeç, Imane Khelif, Angela Carini, dislodging, Carini, Mark Adams, ” Khelif, WADA, CHINADA –, Aleksandra Szmigiel, Franck Fife, Yoshimura Miho, Rwanda's Tufaha, Fabrice Coffrini, France's Anthony Jeanjean, Emmanuel Dunand, Maja Hitij, Amy Woodyatt, Patrick Sung, Gul Tuysuz, Jessie Yeung, Saskya Vandoorne, Ben Church, George Ramsay, Scottie Andrew, Chris Liakos, Simone McCarthy, Andrew McNicol, Kara Fox Organizations: Paris CNN, Paris Olympics, Olympic, Team United, Olympic Games, Bercy Arena, USA, Team France, Paris La Defense, La Défense, Games, CNN, Catholic, French Catholic Church, Paris, Getty, Wimbledon, US, rugby, Team USA, Australia, tennis Shooters, Team Republic of, Chateauroux Shooting, Olympic Committee, Tokyo, China’s, Doping Agency, Tokyo Games, Eiffel, Reuters, Palais Locations: Paris, France, Tokyo, Nanterre, French, AFP, Seine, New, Italy, Los Angeles, Team Republic of Korea, Chateauroux, South Korea, Turkey, Turkish, Beijing

☆ The market sell-off spills over into a global one
▼ + stars: | 2024-08-02 | by ( Fred Imbert | ) www.cnbc.com time to read: +2 min

Thursday's sell-off spilled over to international markets in a big way. .N225 5D mountain Nikkei sells off The Nikkei 225 , Japan's stock market benchmark, plunged 5.8% — marking its biggest one-day loss since March 2020. The common thread behind these declines seems to be concern that a U.S. economic slowdown would hurt global growth. Elsewhere on Wall Street this morning, Wells Fargo downgraded Morgan Stanley to underweight from equal weight, citing worries around the stock's valuation. "Further, MS doesn't seem to benefit as much from a capital markets recovery as GS, but trades at a significant valuation premium."

Persons: Thursday's, Taiwan's Taiex, Dax, That's, Adam Crisafulli, Jerome Powell, Wells, Morgan Stanley, Mike Mayo Organizations: Dow Jones Industrial, Nikkei, CAC, Intel, Dow Jones, Dow, Federal Locations: U.S, Asia, Europe, That's, Thurs

☆ European stocks to extend declines after Bank of England rate cut as global sentiment sours
▼ + stars: | 2024-08-02 | by ( Jenni Reid | ) www.cnbc.com time to read: +2 min

Boris Roessler | Picture Alliance | Getty ImagesLONDON — European stocks were set to open lower Friday, extending losses amid a global downturn as a busy week of market action draws to a close. Germany's DAX was on course to open 104 points lower at 17,984, according to IG data, with France's CAC 40 down 40 points at 7,325. The regional Stoxx 600 index on Thursday suffered its worst session since mid-June, pulled down by financials as French bank Societe Generale downgraded its outlook and the Bank of England cut interest rates for the first time since 2020. The central bank decision took its key interest rate to 5% from 5.25%, in a move that markets had not been fully convinced it would carry out. Asia-Pacific markets saw steep losses Friday, with Japan's benchmark indexes tanking as much as 5%.

Persons: Boris Roessler, Germany's DAX, BOE Governor Andrew Bailey, BOE, Joe Tuckey Organizations: Getty, France's CAC, Societe Generale, Bank of England, CNBC, Argentex, U.S . Federal Reserve, Bank of, Apple, Intel, U.S . Bureau of Labor Statistics Locations: Frankfurt, Bank of Japan, Europe, Asia, Pacific

☆ European markets head for mixed open ahead of Bank of England decision
▼ + stars: | 2024-08-01 | by ( Jenni Reid | ) www.cnbc.com time to read: +1 min

LONDON — European markets are set to open mixed on Thursday as investors process a raft of central bank action. The Bank of England announces its latest monetary policy decision at midday London time. Market pricing slightly favors a 25 basis point interest rate cut from the U.K. central bank, kicking off its path of monetary easing. Investors are still processing Wednesday's surprise move from the Bank of Japan, which raised its benchmark interest rate to around 0.25%, its highest level since 2008, and hinted at more tightening to come. The decision powered the yen to a four-and-a-half month high against the U.S. dollar, as Japanese stocks tumbled.

Persons: Germany's DAX, Jerome Powell, Powell Organizations: CAC, Bank of England, U.S, Bank of Japan, U.S . Locations: U.S . Federal, —

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