World
Why Wall Street’s S&P 500 forecast for 2025 is likely to be ‘way off’
Before you put a lot of faith in the 2025 market outlooks from major strategists, here’s one reason to think that even Wall Street’s brightest minds could get it wrong. The average forecast among 15 widely-followed Wall Street strategists stands at 6,630 for 2025, equivalent to about a 10% gain next year, according to CNBC […]
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AMD invests in GPU cloud provider Vultr at $3.5 billion valuation
A sign is posted in front of the Advanced Micro Devices (AMD) headquarters on May 10, 2022 in Santa Clara, California. Justin Sullivan | Getty Images Vultr, a startup that rents out graphics processing units and other cloud infrastructure to businesses, has raised $333 million in a transaction that values the company at $3.5 billion. […]
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U.S. Supreme Court agrees to hear challenge to TikTok divestment law
The Supreme Court on Wednesday agreed to hear arguments by TikTok that a law that could lead to a ban of the popular social media app violates free speech protections in the U.S. Constitution. The Supreme Court scheduled oral arguments in the case for Jan. 10, nine days before the law, formally known as the […]
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The Fed has a big interest rate decision coming Wednesday. Here’s what to expect
Federal Reserve Chair Jerome Powell speaks during a news conference following the Nov. 6-7, 2024, Federal Open Market Committee meeting at William McChesney Martin Jr. Federal Reserve Board Building in Washington, D.C. Andrew Caballero-Reynolds | AFP | Getty Images Inflation is stubbornly above target, the economy is growing at about a 3% pace and the […]
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Nearly all the preconditions for a market bubble are met, says UBS. How to hedge
The stock market rally will likely continue in 2025, but investors should consider preparing for the day when the move goes too far, according to UBS. Global equity strategist Andrew Garthwaite said in a note to clients that his team is “cautiously optimistic” about equities in 2025, but warned that six of the seven “preconditions” […]
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Here’s what a blockbuster Nissan-Honda merger could mean for the auto industry
Nissan Motor CEO Makoto Uchida (L) listens to Honda Motor CEO Toshihiro Mibe (R) attend a joint press conference on March 15, 2024 in Tokyo, Japan. Tomohiro Ohsumi | Getty Images News | Getty Images Top Japanese carmakers Nissan Motor and Honda Motor are understood to be exploring a blockbuster merger, sending shockwaves through the global automotive industry […]
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Renault shares rise 5% after reports of Nissan-Honda merger talks; European stocks mixed
France has not respected fiscal rules for decades, economist says Financial markets have allowed countries like France to get away with disrespecting the euro zone’s fiscal rules for too long, economist Raphael Gallardo told CNBC Wednesday. France is among a number of euro zone member states that have failed to meet the single currency union’s […]
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UniCredit raises stake in Commerzbank to 28% as Orcel ups ante on pursuit
The Commerzbank AG headquarters, in the financial district of Frankfurt, Germany, on Thursday, Sept. 12, 2024. Emanuele Cremaschi | Getty Images News | Getty Images Italy’s UniCredit said on Wednesday it has raised its potential stake in Commerzbank to 28% using further derivatives, as markets watch whether it will take the leap with a buyout […]
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UK inflation rises to 2.6% in November, in line with expectations
The columns of Royal Exchange are dressed for Christmas, at Bank in the City of London, the capital’s financial district, on 20th November 2024, in London, England. Richard Baker | In Pictures | Getty Images LONDON — U.K. inflation rose to 2.6% in November, the Office for National Statistics said Wednesday, marking the second straight […]
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CNBC Daily Open: Stocks are still staying alive despite the Dow’s 9-day losing streak
Traders work at the New York Stock Exchange on Dec. 17, 2024. NYSE 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. Like what you see? You can subscribe here. What you need to […]
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