business news

“Prince William Settles Phone-Hacking Claim Against Murdoch’s UK Newspaper Arm for ‘Very Large Sum,’ Revealed in Prince Harry’s Lawsuit”

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“Prince William Settles Phone-Hacking Claim Against Murdoch’s UK Newspaper Arm for ‘Very Large Sum,’ Revealed in Prince Harry’s Lawsuit”

Britain’s Prince William settled a phone-hacking claim against Rupert Murdoch’s UK newspaper arm in 2020 for a “very large sum.” Cameron Smith / Stringer / Getty Images Britain’s Prince William settled a phone-hacking claim against Rupert Murdoch’s UK newspaper arm in 2020 for a “very large sum” after a secret deal struck with Buckingham Palace, … Read more

Tech Company Identified as “Best Possible Beneficiary” of Artificial Intelligence: CNBC Pro

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Tech Company Identified as “Best Possible Beneficiary” of Artificial Intelligence: CNBC Pro

A recent CNBC Pro article highlights tech giant, Polar Capital, as the “best possible beneficiary” of artificial intelligence (A.I.) over others like Microsoft and Alphabet. Portfolio manager, Ben Rogoff, with 25 years of investing experience expresses his bullish stance on the company. Another article by CNBC Pro explores Morgan Stanley’s positive outlook on HSBC, despite … Read more

“HSBC named top pick by Morgan Stanley despite pressure from Ping An to restructure”

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“HSBC named top pick by Morgan Stanley despite pressure from Ping An to restructure”

HSBC, Europe’s largest bank, is facing renewed pressure from its biggest shareholder, Ping An, a Chinese insurer, to restructure its business by spinning off its Asia business. However, despite the noise, Morgan Stanley remains bullish and is calling HSBC its “top pick” in the sector. According to the bank’s analysts, led by Nick Lord, HSBC’s … Read more

Tech Earnings and Economic Data in Focus as Stock Futures Fall Slightly on Sunday Night

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Tech Earnings and Economic Data in Focus as Stock Futures Fall Slightly on Sunday Night

Investors are keeping a watchful eye on the stock market as a slew of big tech companies release their corporate earnings and new economic data is set to be revealed. Dow Jones Industrial Average futures dipped by 0.13%, while S&P 500 and Nasdaq 100 futures declined by 0.14% and 0.15%, respectively, as the earnings season … Read more

Fitch Solutions predicts the largest global rice shortfall in two decades in 2023, causing decade-high prices, due to weather challenges and the Ukraine conflict.

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Fitch Solutions predicts the largest global rice shortfall in two decades in 2023, causing decade-high prices, due to weather challenges and the Ukraine conflict.

Rice production is set to experience its largest shortfall in two decades, leading to decade-high rice prices, according to Fitch Solutions. There are several contributing factors including the ongoing war in Ukraine, weather problems in rice-producing economies such as China and Pakistan, and rice being substituted for other grains due to their surging prices. The … Read more

Money Markets See Third-Best Month Ever in March as Investors Seek Safe Haven Instruments

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Money Markets See Third-Best Month Ever in March as Investors Seek Safe Haven Instruments

The S&P 500 rose slightly on Wednesday, as Wall Street closely monitored the latest round of corporate earnings reports. Investors remained cautiously optimistic as major companies continued to release quarterly figures, with some showing signs of a strong recovery from the pandemic. This live update article provides real-time coverage of the market movements and highlights … Read more

“New Study Finds Unsustainable Consumption of the Rich Contributes to Urban Water Crises”

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“New Study Finds Unsustainable Consumption of the Rich Contributes to Urban Water Crises”

As rampant urbanization continues to encroach upon natural resources, water scarcity has become an increasingly pressing issue in urban areas all around the world. While climate change and other environmental factors are often cited as primary culprits, a new study is pointing the finger at another source of water depletion: the extravagances of the world’s … Read more

“Most Americans Lack Confidence in Chinese President Xi’s Handling of World Affairs: Pew Research Center Poll”

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“Most Americans Lack Confidence in Chinese President Xi’s Handling of World Affairs: Pew Research Center Poll”

A recent survey conducted by the Pew Research Center has found that most Americans are not confident in how China’s top leader, President Xi Jinping, will handle world affairs. The survey, which was conducted in June and July of this year, also looked into American perceptions of China as a global superpower and its impact … Read more

Ford to Invest $1.3 Billion to Turn Ontario Plant into Electric Vehicle Hub

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Ford to Invest .3 Billion to Turn Ontario Plant into Electric Vehicle Hub

Ford Motor Company has announced its plans to invest a whopping $1.3 billion in building an electric vehicle (EV) manufacturing hub in Canada. The move is part of the company’s efforts to ramp up its global electric vehicle production, increase its line of low-emission vehicles, and bolster the economy in Canada. The investment will be … Read more

Bitcoin crosses $30,000 barrier as investors flock to cryptocurrency amid banking turmoil

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Bitcoin crosses ,000 barrier as investors flock to cryptocurrency amid banking turmoil

In the face of economic uncertainty and a slowing global economy, Bitcoin has broken another record, passing the $30,000 mark on the CNBC Daily Open. As the COVID-19 pandemic continues to ravage the world and governments struggle to contain its impact, many investors are turning to the decentralized digital currency as a way to hedge … Read more