The Wall Street bronze Bull looks out to an empty Broadway in Lower Manhattan, New York, early August 28, 2011 as Hurricane Irene hits the city and Tri State area with rain and high winds. New York City resembled a ghost town after 370,000 people were told to evacuate flood-prone areas, including near Wall Street and at Coney Island, and mass transport was shut down. AFP PHOTO/Stan HONDA (Photo credit should read STAN HONDA/AFP via Getty Images) Stan Honda | Afp | Getty Images This report is from today’s CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open...

The BP logo is displayed outside a petrol station near Warmister, on August 15, 2022 in Wiltshire, England. Matt Cardy | Getty Images News | Getty Images LONDON — Oil major BP on Tuesday reported a steep year-on-year fall in profits, missing analyst estimates. The British energy giant logged underlying replacement cost profit, used as a proxy for net profit, of $3.293 billion in the third quarter. This was a drop from $8.15 billion over the same period last increase, but an increase from the $2.59 billion of profit recorded in the second quarter. Analysts had expected profit to come in at...

World Trade Organization Director-General Ngozi Okonjo-Iweala opens the 2021 WTO Public Forum with a round table on Covid and trade, in Geneva, on September 28, 2021. (Photo by Fabrice COFFRINI / AFP) (Photo by FABRICE COFFRINI/AFP via Getty Images) Fabrice Coffrini | Afp | Getty Images The World Trade Organization’s director-general warned that the ongoing Israel-Hamas conflict will impact global growth if it spills over to the wider Middle East region. In an interview with CNBC aired on Monday, Ngozi Okonjo-Iweala said: ”If it spreads beyond where it is now, to the rest of the Middle East, there will be...

For the first time in nearly two decades running JPMorgan Chase, CEO Jamie Dimon will voluntarily sell stock in the bank. The disclosure, in a securities filing Friday, detailed next year’s planned sales — pressuring JPMorgan (JPM) shares and the Dow Jones Industrial Average and highlighting why tracking trades made by executives involving the companies they lead should be an important part of every investor’s homework. Dimon is setting up the trades through a predetermined plan that executives at publicly traded companies use to protect against insider trading accusations. It will mark the first time that the 67-year-old CEO has...

Law enforcement personnel block a road as they search a house on Meadow Road in Bowdoin, Maine, on Oct. 26, 2023. Salwan Georges | The Washington Post | Getty Images Authorities in Maine on Friday released the names of the 18 victims who died in a mass shooting at a bowling alley and bar in the town of Lewiston, as a massive search effort for the suspect continues for the second day.   The names of the 18 victims were read during a press conference Friday evening. A moment of silence was held after the reading. They ranged in age from 14...

Visitors line up in front of the Huawei flagship store on Nanjing East Road, one of the city’s main commercial and tourist area, in Shanghai, China, on Sept. 30, 2023. Bloomberg | Bloomberg | Getty Images BEIJING — Chinese tech giant Huawei reported revenue figures Friday that showed only a 1% increase in the third quarter from a year ago, according to CNBC calculations. That’s despite the company’s release of a popular new smartphone in late August and growing sales within its electric car venture. Huawei said revenue for the first three quarters of the year rose by 2.4% year-on-year...

Gianluca Grimalda, a climate researcher and environmental campaigner, intends to ”slow travel” back to Europe from Bougainville off the coast of Papua New Guinea. Gianluca Grimalda Gianluca Grimalda was faced with a dilemma. His employer, the Kiel Institute for the World Economy, a think tank based in Germany, ordered him at short notice to wrap up his fieldwork in Bougainville off the coast of Papua New Guinea in the southwestern Pacific and return to his desk — or lose his job. The ultimatum effectively required Grimalda, a climate researcher and self-styled ”slow traveler,” to promptly board a flight back to...

Hong Kong Chief Executive John Lee delivers his annual policy address to the Legislative Council on October 25, 2023. Peter Parks | Afp | Getty Images Hong Kong will slash buyers’ stamp duties for property buyers to help boost its struggling real estate sector, while reducing levies on stock trades in a bid to kickstart economic activity in the Asian financial hub. This is the first time property cooling measures — in a variety of stamp duties known as ”spicy policies” — will be relaxed effective Wednesday. They were first introduced in 2010 to curb red-hot property prices in a low...

A view of the Canary Wharf financial district of London. Prisma by Dukas | Universal Images Group | Getty Images LONDON — Barclays shares retreated on Tuesday as investors assessed the prospect of cost-cutting charges, pressure on domestic interest margins and weak performance in formerly strong divisions. The bank reported a net profit of £1.27 billion ($1.56 billion) for the third quarter, slightly ahead of expectations as strong results in its consumer and credit card businesses compensated for weakening investment bank revenues. Analysts polled by Reuters had produced a consensus forecast of £1.18 billion, down from £1.33 billion in the...

A photo showing the logo of Swiss pharmaceutical giant Roche in Basel. SEBASTIEN BOZON | AFP | Getty Images Swiss health care company Roche on Monday announced it would acquire Telavant Holdings in a $7.1 billion transaction. Telavant produces drugs for people suffering from inflammatory and fibrotic diseases and is in the process of developing a ”promising new therapy” for patients with Crohn’s disease, Roche said in a press release. The terms of the acquisition include a near-term milestone payment of $150 million. Once given full rights to the RVT-3101 drug — a therapy under development for inflammatory bowel disease, including...