February 1, 2024

Markets Now February 1, 2024

Banks are being rocked again as real estate losses mount

Nearly a year on from a banking crisis that saw the collapse of three US regional lenders and the emergency takeover of Credit Suisse in Europe, a fresh chill is running through banks as far apart as New York, Tokyo and Zurich.  
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Analysis: Companies are hopeful about the economy again — even if they’re nervous

Earnings season is in full swing, and that means investors get a chance to hear from multinational companies about the state of the global economy. So far, executives are cautiously optimistic.  
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Elon Musk says Tesla shareholders will vote ‘immediately’ on quitting Delaware for Texas

Stung by a Delaware court ruling earlier this week that struck down his record Tesla pay package, Elon Musk says he is seeking shareholder approval to move the company’s registration from the state to Texas.  
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Video: A candidate targeted by a deepfake has an AI warning for America

A recording of a candidate saying he’d rigged the election went viral. It was fake. Experts say it’s only the beginning. CNN’s Donie O’Sullivan reports.  
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Russia’s frozen assets are generating billions. The EU is getting ready to send them to Ukraine

Russian assets frozen in European accounts are generating billions of dollars in interest payments that could be diverted to help repair Ukraine’s war-torn economy — and the European Union just took a step closer to doing that.  
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'That's not an apology': Dad whose son died by suicide slams Zuckerberg

Several tech giants faced a bipartisan grilling on Capitol Hill, testifying before Congress about the potential harm their online platforms have on young people. Rose and Rob Bronstein lost their 15-year-old son to suicide in January 2022 after they say he was cyberbullied on SnapChat and attended the hearing. They join “CNN This Morning” to discuss.  
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Source: CNN Business

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