November 8, 2024

Gaming giant raises FY sales guidance

Sony’s PlayStation 5. Thiago Prudencio | Lightrocket | Getty Images Sony raised sales guidance for the full year Thursday and posted operating profit that smashed analyst expectations after a strong quarter for its gaming business. Here’s how the company did in the September quarter, versus LSEG consensus estimates: Revenue: 2.97 trillion Japanese yen ($19.4 billion), versus 3.03 trillion yen expected. That was up 9% and slightly below analyst expectations. Operating

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November 8, 2024

The art market is in a correction as big spenders fade

A gallery staff member looks at a painting by Andy Warhol & Jean-Michel Basquiat, Collaboration, 1982-1985, estimate £1,000,000 1,500,000 during a photo call at Christie’s auction house showcasing the highlights of 20th/21st Century Evening Sale in London, United Kingdom on October 06, 2023. Wiktor Szymanowicz | Future Publishing | Getty Images A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to

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November 8, 2024

Politics can still shock the dollar: McGeever By Reuters

By Jamie McGeever ORLANDO, Florida (Reuters) -Politics is often a major driver of exchange rates in emerging economies where elections, leaders and government policies can play a big role in shaping trade and investment flows. That’s not often the case for major currencies in markets with much deeper investment flows and liquidity – like the U.S. dollar.     But the greenback’s explosive rally following the U.S. presidential election shows that

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November 8, 2024

U.S. Real Yield Moves Key For Dollar

U.S. real yields, which are adjusted for inflation, could play a key role in determining the dollar’s performance, potentially limiting its rise, MUFG Bank said. Source link

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November 8, 2024

Here’s what you need to know about the Canada Pension Plan

Breadcrumb Trail Links Personal Finance Retirement John Graham: Younger Canadians will live longer, making pension savings even more important Published Nov 07, 2024  •  4 minute read You can save this article by registering for free here. Or sign-in if you have an account. John Graham, president and CEO of CPP Investments, takes part a Q and A session during a Calgary Chamber of Commerce luncheon at the Westin Hotel

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November 8, 2024

Icahn plans raising stake in oil refiner CVR, WSJ reports

(Reuters) – Icahn Enterprises LP (IEP) plans to raise its stake in U.S. oil refiner CVR Energy by more than 20%, the Wall Street Journal reported on Thursday. The company, a controlling shareholder of the oil refiner, plans to raise its stake in CVR to more than 81% by buying an additional 15 million shares, the report said, citing draft statements that billionaire activist investor Carl Icahn and his firm

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November 8, 2024

Gender? Economy? Experts weigh in on what could flip presidential race

When the votes are counted in the U.S. presidential election, will it be the gender gap, the income gap, the Latino vote or the media and marketing campaigns that turned out to be decisive? CNBC senior economics reporter Steve Liesman sat down with four polling experts for an in-depth look into the data to see which ones could turn the election to either Vice President Kamala Harris or former President

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