Danish shipping giant Maersk confirmed on Tuesday that its vessels due to transit the Red Sea and Gulf of Aden would take the Cape of Good Hope route around the south of Africa after a spate of attacks by Houthi militants from Yemen. Along with a host of other firms, the company had previously announced … Read more
Oil major BP has joined a growing list of firms pausing shipping through the Suez Canal following a series of attacks on vessels by Houthi militants from Yemen, as the U.S. pledged an international effort to combat the situation. “In light of the deteriorating security situation for shipping in the Red Sea, bp has decided to temporarily pause … Read more
Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Thursday’s key moments. 1. U.S. stocks climbed higher Thursday morning following three-straight days of declines, with the Magnificent Seven outperforming. The S & P 500 was up 0.7%, while the Nasdaq Composite gained … Read more
New Delhi: FIIs, who have made a ‘U’ turn in their strategy, have turned big buyers having invested around Rs 20,000 crore, including bulk purchase, in the last two weeks, says V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services. The rally is being driven by segments like banking and IT which were under … Read more
New Delhi: Geojit Financial Services Head of Research Vinod Nair has said a near-term consolidation in the market is expected due to elevated valuations, concerns over El Nino, and a slowdown in world GDP. “The market surged to new highs, buoyed by positive indicators from both domestic and global fronts. Robust domestic industrial production and … Read more
Electric vehicle demand could take a hit next year with several models expected to lose crucial tax credits as the U.S. moves to cut China out of its battery supply chain, according to top analysts. The Treasury and Energy Departments earlier this month laid out plans to end U.S. dependence on China and cajole carmakers … Read more
Las Vegas Review-journal | Tribune News Service | Getty Images Federal prosecutors have disrupted a so-called pig-butchering scheme that cost victims more than $80 million, the U.S. Department of Justice announced Thursday. Four men have been indicted and two arrests have been made in one of the most sweeping enforcement actions yet on a type … Read more
Elon Musk speaks onstage during The New York Times Dealbook Summit 2023 at Jazz at Lincoln Center on November 29, 2023 in New York City. Slaven Vlasic | Getty Images Elon Musk’s X has been hit with a complaint from privacy activist Max Schrems, which alleges the platform broke the European Union’s hard-hitting privacy rules. … Read more
CNBC’s Phill LeBeau and Southwest Airlines CEO Bob Jordan join ‘Squawk on the Street’ to discuss the airline’s holiday travel outlook, state of the airline industry, 2024 demand outlook, and more. Read original article here Denial of responsibility! Pioneer Newz is an automatic aggregator of the all world’s media. In each content, the hyperlink to … Read more
BRUSSELS, BELGIUM – NOVEMBER 27: Christine Lagarde, President of the European Central Bank speaks during the European Parliament’s Committee on Economic and Monetary Affairs (ECON) meeting in Brussels, Belgium on Nevember 27, 2023. (Photo by Dursun Aydemir/Anadolu via Getty Images) Anadolu | Anadolu | Getty Images The European Central Bank on Thursday held interest rates … Read more
