Month: February 2025
Asia-Pacific markets fall as investors await India rate decision, assess Japan’s spending data
Japan’s household spending massively beats expectations, boosting case for further BOJ hikes Japan’s household spending in December rose 2.7% year on year in real terms, according to a Friday report from the Statistics Bureau of Japan, massively beating expectations from economists polled by Reuters and marking its first rise since July 2024. The figure sharply […]
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Senate confirms Trump budget director pick Vought
Russell Vought, director of the Office of Management and Budget (OMB) nominee for US President Donald Trump, during a Senate Budget Committee confirmation hearing in Washington, DC, US, on Wednesday, Jan. 22, 2025. Al Drago | Bloomberg | Getty Images The Republican-led U.S. Senate confirmed President Donald Trump’s nominee Russell Vought as budget director on Thursday, placing […]
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CNBC Daily Open: Global central banks are cutting rates — the Fed might not be as inclined
The Bank of England on 6 Feb. 2025, in London, England. Richard Baker | In Pictures | Getty Images The Bank of England lowered interest rates by 25 basis points on Thursday, following the European Central Bank’s cut of the same amount on Jan. 30. The Reserve Bank of India is also widely expectedly to […]
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Japan’s household spending massively beats expectations, boosting case for further BOJ hikes
A customer picks up a snack at a supermarket store in Tokyo, Japan, on Tuesday, July 27, 2021. Noriko Hayashi | Bloomberg | Getty Images Japan’s household spending in December rose 2.7% year on year in real terms, massively beating expectations from economists polled by Reuters and marking its first rise since July 2024. The […]
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Amazon plans to spend $100 billion this year to capture ‘once in a lifetime opportunity’ in AI
Amazon CEO Andy Jassy speaks during a keynote address at AWS re:Invent 2024, a conference hosted by Amazon Web Services, at The Venetian Las Vegas on December 3, 2024 in Las Vegas, Nevada. Noah Berger | Getty Images Entertainment | Getty Images Amazon said Thursday it plans to boost its capital expenditures to $100 billion […]
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Alphabet’s Verily to sell Granular insurance business to Elevance Health
Verily headquarters in San Bruno, California. Courtesy: Verily Verily is selling its stop-loss insurance subsidiary, Granular Insurance Company, to the insurance provider Elevance Health, the Alphabet health tech company confirmed to CNBC on Thursday. Verily is one of Google’s sister companies and operates within Alphabet’s “Other Bets” category. The Granular sale is the latest in […]
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Amazon hit by strengthening dollar, underscoring risks in tech to overseas reliance
CEO of Meta and Facebook Mark Zuckerberg, Lauren Sanchez, Amazon founder Jeff Bezos, Google CEO Sundar Pichai and Tesla and SpaceX CEO Elon Musk attend the inauguration ceremony before Donald Trump is sworn in as the 47th US President in the US Capitol Rotunda in Washington, DC, on Jan. 20, 2025. Saul Loeb | Via […]
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How one ETF provider is trying to help investors cut exposure to Magnificent 7 stocks
ETF Edge How one ETF provider is trying to help investors cut exposure to Magnificent 7 stocks Published Thu, Feb 6 20257:00 PM EST Krysta Escobar WATCH LIVE Source
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Active ETFs have seen a surge in popularity — here’s a list of the top 10 funds by assets
Investors have piled into actively managed funds at a much faster pace relative to their passive peers, with their assets under management surpassing $1 trillion for the first time in 2024, data from Morningstar showed. Here are the top 10 ETFs by AUM as of early February: Actively managed ETFs attempt to generate higher returns […]
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‘Dangerous proposition’: Top scientists warn of out-of-control AI
Yoshua Bengio (L) and Max Tegmark (R) discuss the development of artificial general intelligence during a live podcast recording of CNBC’s “Beyond The Valley” in Davos, Switzerland in January 2025. CNBC Artificial general intelligence built like “agents” could prove dangerous as its creators might lose control of the system, two of of the world’s most […]
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