Year: 2024
Asia markets begin Christmas week higher; Nissan-Honda merger deal in focus
Couple looks at light-emitting diode illuminations ahead of Christmas in Tokyo, Japan Kiyoshi Ota | Bloomberg | Getty Images Asia-Pacific markets started the holiday-shortened Christmas week on a positive note, after a U.S. government shutdown was averted over the weekend. On Monday, investors will be looking out for any official announcement related to the merger […]
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CNBC Daily Open: With cooler-than-expected PCE, would the Fed’s dot plot have looked different?
A customer, holding a carton of eggs at a supermarket, in United States on Dec. 20, 2024. Secuk Ancar | Anadolu | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. […]
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How Gen X and millennials are changing the face of the traditional family office as they inherit over $80 trillion
The “Great Wealth Transfer” is in full swing, as over $100 trillion is expected to be transfered from older generations to their heirs through 2048, according to Cerulli Associates. Goodboy Picture Company | E+ | Getty Images As the baton of wealth is inherited by younger generations, the heirs of wealthy families are taking a […]
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’The next Nvidia’: Broadcom is the AI chip stock to own in 2025, investor says
Broadcom is more likely to deliver big gains for investors in 2025 than AI chip leader Nvidia , as major technology companies seek to reduce their dependence on a single supplier, according to fund manager Stephen Yiu. Yiu, portfolio manager of the Blue Whale Growth Fund, said that while Big Tech giants, such as Microsoft […]
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Donald Trump says Vladimir Putin wants a meeting as soon as possible about the war with Ukraine
U.S. President-elect Donald Trump delivers remarks at Mar-a-Lago in Palm Beach, Florida, U.S., December 16, 2024. Brian Snyder | Reuters President-elect Donald Trump said Sunday Russian President Vladimir Putin has expressed his interest in a meeting regarding the war with Ukraine. “President Putin said that he wants to meet with me as soon as possible,” […]
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Weakened Iran could pursue nuclear weapon, White House’s Sullivan says
U.S. National Security Advisor, Jake Sullivan speaks during a press conference in Tel Aviv, Israel, 12 December 2024. Abir Sultan | Via Reuters The Biden administration is concerned that a weakened Iran could decide to build a nuclear weapon, White House National Security Adviser Jake Sullivan said on Sunday, adding that he was briefing incoming […]
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What Google’s quantum computing breakthrough Willow means for the future of bitcoin and other cryptos
Google’s recent announcement of the arrival of Willow, a quantum chip that has reduced the error tendencies of some of its predecessors, is a milestone in the effort to bring quantum computing into the real world, and in the years ahead, it could change the way we think about the risk in cryptocurrencies. Willow’s speed […]
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‘It feels like Elon Musk is our prime minister’: The fallout from the funding debacle
U.S. President-elect Donald Trump and Elon Musk watch the launch of the sixth test flight of the SpaceX Starship rocket in Brownsville, Texas, on Nov. 19, 2024. Brandon Bell | Via Reuters As Congress regroups following another averted government shutdown, Democratic lawmakers are increasingly calling into question the level of influence Elon Musk has over […]
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Trump taps ex-Treasury official Miran as chair of Council of Economic Advisers
Stephen Miran, who was an adviser for economic policy at the U.S. Treasury Department when Donald Trump was last in office, has been tapped by the president-elect as the chair of his Council of Economic Advisers, Trump said on Sunday. The White House Council of Economic Advisers advises the president on economic policy. This story […]
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How much money does Mariah Carey make from ‘All I Want For Christmas Is You’? ‘It’s a lot,’ music expert says
Key Points The 1994 holiday hit “All I Want for Christmas Is You” rakes in millions of dollars a year, experts said. The law firm Manatt, Phelps & Phillips estimates the yuletide jingle has earned $103 million globally since its debut, from sources like streaming, album sales and song downloads. Mariah Carey, the song’s performer, […]
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