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While North Korea has been supplying weapons to Russia for some time, the arrival of troops is a major escalation in its involvement in the war of Ukraine. The first official evidence of large numbers of North Korean troops entering Russia was provided by the South Korean government, who last week published a press release outlining the increasingly close military cooperation between the two states. Image: A map of sites in the Russian far east linked to the reported presence of North Korean soldiers According to the press release, an initial contingent of 1,500 North Korean special forces troops were transported on Russian naval ships to the port city of Vladivostok.The South Koreans provided two high-resolution satellite...

A torrent of big-name earnings hit the stock market this week — and the majority did not live up to analysts' muted expectations. Of the S & P 500 companies that have reported so far, about 74% of companies have beaten earnings expectations . But their blended earnings growth rate, which includes the reports already out and estimates for those on the docket, is 3.4%, falling short of the 4.2% estimate. The growth rate of just the companies that have posted so far is 3.1%, according to FactSet. Aside from electric vehicle maker Tesla , tobacco company Philip Morris and cloud-based IT service manager ServiceNow , this week was especially rough for most of the approximately 110 companies that posted earnings. Of the 20 largest companies that reported, shares of 13 ended in the red. Take a...

Tesla and SpaceX CEO Elon Musk has engaged in secret talks with Russian President Vladimir Putin since late 2022, according to reporting published Thursday by The Wall Street Journal.Citing "several current and former U.S., European and Russian officials," the Journal reported that conversations between Putin and Musk, a Republican megadonor and Pentagon contractor, took place while Russia was waging a brutal war on Ukraine, a top U.S. ally. Topics ranged from business to personal and geopolitical issues.In one instance, Putin pressured Musk to direct SpaceX to withold Starlink, its powerful satellite internet communications service, from Taiwan as a favor to Chinese President Xi Jinping, the Journal reported, citing two people briefed on the request. Beijing is a crucial ally to the Kreml...

The Washington Post Building at One Franklin Square Building on June 5, 2024 in Washington, DC. Andrew Harnik | Getty ImagesThe Washington Post said Friday that it will not endorse a candidate in the presidential election this year, breaking decades of tradition, and sparking immediate criticism of the decision.The newspaper also Friday published an article by two staff reporters saying that editorial page staffers had drafted an endorsement of Democratic nominee Kamala Harris over GOP nominee Donald Trump in the election."The decision not to publish was made by The Post's owner — Amazon founder Jeff Bezos," The Post reported, citing two sources briefed on the events.Trump, while president, had been critical of Bezos and the Post. The newspaper in 2016 and again in 2020 endorsed Trump's el...

Michael Jeffries, former CEO of Abercrombie & Fitch, leaves following a hearing at the Paul G. Rogers Federal Building and U.S. Courthouse, in West Palm Beach, Florida, on Oct. 22, 2024.Rebecca Blackwell | APFormer Abercrombie & Fitch CEO Mike Jeffries and his associate will plead not guilty Friday to federal criminal charges of sexually exploiting dozens of men, many of whom sought to be models for the clothing brand.Jeffries, 80, and James Jacobson, 71, are set to be arraigned in U.S. District Court in Long Island, New York, three days after being arrested on sex trafficking and interstate prostitution charges.Attorneys for both men confirmed to CNBC earlier Friday that their clients would enter not-guilty pleas.The graphic 16-count indictment unsealed Tuesday accuses Jeffries an...

Check out the companies making headlines in midday trading: Tapestry , Capri — Shares of Tapestry rallied more than 14%, while Capri's stock tumbled 47%. The sharp moves come after a judge ruled in favor of the Federal Trade Commission's case to block Tapestry's acquisition of Capri . L3Harris Technologies — Shares rose 3.5% after the defense company reported a top- and bottom-line beat in the third quarter. L3Harris also raised the lower end of its full-year earnings forecast, saying it now expects adjusted earnings in the range of $12.95 to $13.15 per share, compared with a prior forecast of $12.85 to $13.15 a share. Analysts polled by FactSet were estimating $13.04 in earnings per share for the full year. Colgate-Palmolive — The household goods producer fell more than 3% lower despite b...

The Nasdaq Composite index finally made a new all-time high on Friday, its first since July. But history shows there may be more than 10% upside ahead as stocks enter the third year of a bull market, according to DataTrek statistics. DataTrek co-founders Nicholas Colas and Jessica Rabe said they "remain bullish" on U.S. large-cap tech stocks because the average third year of a bull market has brought an increase of just 4.4% for the tech-heavy Nasdaq, the firm's data shows. But that rally jumps to 13% when looking only at years without major shocks. In some instances, investors saw gains of as much as 20% in those third years. .IXIC 5Y mountain The Nasdaq Composite over the past 5 years The only caveat is that outcome assumes no major shake-ups to the economic or geopolitical backdrop. Yet...

09 June 2024, Russia, Moskau: A guardhouse of the Kremlin (l) and the Foreign Ministry (M, background) stand in the center of the capital. Photo: Ulf Mauder/dpa (Photo by Ulf Mauder/picture alliance via Getty Images)Picture Alliance | Picture Alliance | Getty ImagesRussia's central bank on Friday raised its key interest rate by 200 basis points to 21%, citing consumer price increases considerably above its forecast and warning of ongoing high inflation risks in the medium term.The key rate was taken up by 100 basis points to 19% in September.The Friday move exceeds the 100 basis-point hike expected by analysts and brings the institution's benchmark rate to its highest since February 2003, according to Reuters. It was last near similar levels in February 2022, when Russia's policymakers lif...

Here are five key things investors need to know to start the trading day:1. Gains and lossesThe S&P 500 staged a comeback Thursday, posting its first positive day this week and snapping a three-day losing streak. The index added 0.21%, while the tech-heavy Nasdaq Composite rose 0.76%. The Dow Jones Industrial Average didn't fare as well, losing 140.59 points, or 0.33%, for its first four-day losing streak since June. Treasury yields moved lower, easing back slightly after hitting three-month highs on Wednesday. Follow live market updates.2. Tapes-try againCoach and Michale Kors bags.Michael M. Santiago | Getty ImagesCoach owner Tapestry's proposed acquisition of Michael Kors parent Capri is not in the bag. A federal judge on Thursday blocked the $8.5 billion merger, which would have un...

In this photo illustration, a McDonald's Quarter Pounder hamburger meal is seen at a McDonald's on October 23, 2024 in the Flatbush neighborhood in the Brooklyn borough of New York City. Michael M. Santiago | Getty ImagesAs McDonald's and health authorities race to contain a deadly E. coli outbreak, the burger chain faces challenges in the months ahead to keep the trust of diners and investors.Shares of the fast-food giant have fallen 5% since the Centers for Disease Control and Prevention issued an advisory notice Tuesday, warning that the company's Quarter Pounder burgers have been linked to an E. coli outbreak in 10 states that has led to one death.Health investigators have zeroed in on the slivered onions used in the Quarter Pounder as the likely contaminant. McDonald's confirmed that ...