Author: admin

Pictured here is the Great Hall of the People in Beijing, China, ahead of the 76th anniversary of the founding of the People’s Republic of China on September 30, 2025.Anadolu | Anadolu | Getty ImagesBEIJING — China’s top leaders on Thursday stressed their resolve to boost domestic consumption over the next five years, on top of widely expected plans to bolster homegrown tech.That’s according to a state media readout of the closely watched “Fourth Plenum” meeting for setting five-year development targets. China on Thursday also confirmed that Vice Premier He Lifeng, who participated in the plenary meeting, will visit Malaysia…

My top 10 things to watch Thursday, Oct. 23 1. Wall Street was headed for a lower open after a rough Wednesday. Bond yields, gold, and crypto were up. Oil was lower. The White House is considering export curbs on U.S. software to China, Treasury Secretary Scott Bessent confirmed yesterday. 2. U.S. crude prices jumped 5% this morning after the Trump administration imposed further sanctions on Russia’s biggest oil producers. The move is designed to impede Moscow’s ability to fund its war in Ukraine and pressure it into a ceasefire. 3. Tesla ‘s post-earnings call challenges lots of assumptions about…

Arne Slot’s bold selections paid off for Liverpool against Eintracht Frankfurt in the Champions League, but what team should the Dutchman pick against Brentford on Saturday?Slot opted for something different in Germany in an attempt to change Liverpool’s fortunes. Using a 4-2-2-2 formation, he paired Alexander Isak and Hugo Ekitike together for the first time, while Florian Wirtz also started as the Dutchman put his faith in £300m-worth of new talent to stop the rot.It meant talisman Mohamed Salah was named on the bench and the brave decisions paid dividends. Monterosa This content is provided by Monterosa, which may be…

Jasondoiy | E+ | Getty ImagesAmid recession fears, a government shutdown and tariff uncertainty, consumers are increasingly diverging in their spending.Wealthier Americans are engaging their purchasing power, while lower-income Americans are starting to pull back — commonly described as a “K-shaped” economy. Friday’s consumer price index report could shed more light on the pressures facing large swaths of the country.The CPI report, which measures price changes across a range of goods and services, was delayed due to the government shutdown, originally scheduled to be released nine days prior. Though the report will not include any data related to the shutdown,…

More than 30 people, including NBA head coach Chauncey Billups and player Terry Rozier, have been arrested as part of federal investigations into gambling and “sports rigging” operations linked to multiple major crime families, law enforcement leaders said Thursday.”We are here in New York to announce a historic arrest across a wide, sweeping criminal enterprise that envelops both the NBA and La Cosa Nostra,” FBI Director Kash Patel said at a news conference in Brooklyn, New York.Billups, head coach of the Portland Trail Blazers, Rozier of the Miami Heat, and former NBA player Damon Jones were “taken into custody today,”…

An American Airlines plane lands at the Miami International Airport on July 24, 2025 in Miami, Florida. Joe Raedle | Getty ImagesAmerican Airlines has hired nearly three-decade industry veteran Nat Pieper to be its new commercial chief as the carrier’s profits trail rivals Delta and United.American ousted its former chief commercial officer, Vasu Raja, in 2024 after his business travel strategy backfired and sparked pushback from lucrative corporate travel agencies, while revenue projections dropped sharply.Pieper, 56, has worked in the industry since the late 1990s with experience at Northwest Airlines, Delta and Alaska Airlines. Most recently, he’s run the massive…

Check out the companies making headlines before the bell on Thursday. Quantum computing stocks — Quantum computing shares jumped on a Wall Street Journal report that U.S. President Donald Trump’s administration is in talks to acquire equity stakes in several quantum computing firms. Rigetti Computing is up 8%, while IonQ and Quantum Computing rose nearly 9%. Las Vegas Sands — Shares rose 6% after the resort owner posted strong third-quarter earnings results, largely due to the growth of its Macao and Singapore investments. The company reported $419 million in profit and adjusted earnings of 78 cents per share for the…

People shop in Bayonne, New Jersey on April 8, 2025.Charly Triballeau | Afp | Getty ImagesSocial Security and Supplemental Security Income beneficiaries will soon find out how much their benefit checks will increase next year.Due to the federal government shutdown, the Social Security 2026 cost-of-living adjustment announcement, initially scheduled for Oct. 15, has been postponed to Friday. Nearly 75 million beneficiaries will see the COLA reflected in their January checks.Experts have estimated the Social Security COLA for 2026 may be in the range of 2.7% to 2.8%, based on the latest available consumer price index data. That’s in line with…

Elon Musk, during a news conference with President Donald Trump, inside the Oval Office at the White House in Washington on May 30, 2025.Tom Brenner | The Washington Post | Getty ImagesThis is CNBC’s Morning Squawk newsletter. Subscribe here to receive future editions in your inbox.Here are five key things investors need to know to start the trading day:1. Flat tireAll eyes were on Tesla yesterday, when the electric vehicle maker became the first Magnificent Seven company to report earnings for the new season. Investors weren’t impressed: Though quarterly revenue was higher than a year ago, snapping two down quarters, earnings per…

Airbus employees stand in front of the MetOp-SG A (L) and MetOp-SG B (R) MetOp-SG (Meteorological Operational Satellite – Second Generation) meteorological satellites in the clean room of the company’s defense and space branch on November 10, 2023 in Toulouse, southwestern France. MetOp-SG is a family of meteorological satellites placed in sun-synchronous polar orbit which will make it possible to refine short-term forecasts. (Photo by Lionel BONAVENTURE / AFP) (Photo by LIONEL BONAVENTURE/AFP via Getty Images)Lionel Bonaventure | Afp | Getty ImagesAirbus, Leonardo and Thales announced Thursday that they will combine their satellite and space activities to form a “leading…