World
Asia-Pacific markets trade mixed as investors look ahead to Fed meeting
Containers are loaded on the premises of the port operator PSA, the Port of Singapore Authority (PSA), at the Port of Singapore on 14 June 2022. Bernd von Jutrczenka | Picture Alliance | Getty Images Most Asia-Pacific markets were mixed Tuesday, following a mixed trading session on Wall Street as investors prepare for the Federal […]
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Meta bans RT, days after U.S. accuses Russian outlet of disinformation
Russia’s state-controlled Russia Today (RT) television broadcast vans are seen parked in front of St. Basil’s Cathedral and the Kremlin next to Red Square in Moscow on March 16, 2018. Mladen Antonov | Afp | Getty Images Social media giant Meta on Monday announced that it is banning Russian media outlet RT, days after the […]
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India’s central bank chief plays down fears of a deposit crunch
Despite widespread bullishness on India, with its stock market highs and healthy bank balance sheets, a shortage of deposits is causing some uneasiness in the country’s financial sector. Speaking to CNBC in an exclusive interview, Reserve Bank of India (RBI) Governor Shaktikanta Das discussed the issue of slowing growth in bank deposits underperforming an expansion […]
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Looking for tech stocks? CIO names 3 to buy — and says Nvidia is still ‘reasonably valued’
Tech stocks may have had a volatile past few weeks , but one chief investment officer is still bullish. Albion Financial Group’s Jason Ware says that’s thanks in part to the capital expenditure of large tech companies like Amazon , Microsoft , Nvidia and Alphabet ‘s Google that’s “providing a bit of growth support as […]
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Cooling needs and more: Jefferies names global stocks to buy driven by AI data center demand
Tech companies have been capitalizing on the artificial intelligence boom, driving the development of products and services in that area. That also means that AI data centers are growing fast — as is the demand for them. Data centers house vast amounts of computing power needed for AI workloads. That in turn is set to […]
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Ohio GOP Gov. DeWine says ‘at least 33’ bomb threats prompt Springfield to begin daily school sweeps
People watch as Springfield Police Department officers investigate the Springfield City Hall after bomb threats were made against buildings earlier in the day in Springfield, Ohio on September 12, 2024. Roberto Schmidt | AFP | Getty Images Ohio state police will conduct daily sweeps of schools in Springfield after authorities have been forced to investigate […]
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Don’t expect much from stocks for the next decade, says JPMorgan
As investors are navigating all the buzz about this week’s potential rate cut and the upcoming presidential election, JPMorgan is forecasting a serious risk to long-term stock returns. The market appears to be too expensive relative to history, according to the firm, which is projecting a 5.7% annual return from the S & P 500 […]
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Intel stock jumps on plan to turn foundry business into subsidiary and allow for outside funding
Intel CEO Pat Gelsinger holds a sample of a wafer during his keynote speech at the Computex conference in Taipei on June 4, 2024. I-hwa Cheng | AFP | Getty Images Intel shares jumped 8% in extended trading on Monday after the company said it plans to turn its foundry business into an independent unit […]
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Here are the stocks that win when the Fed cuts rates with no recession
As investors gear up for this week’s Federal Reserve meeting, CNBC Pro found stocks that have historically done well when rates are cut without a recessionary environment. Fed funds futures have fully priced in that the central bank will lower interest rates, according to CME’s FedWatch Tool . The question now is how big that […]
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Amazon tells employees to return to office five days a week
Amazon is instructing corporate staffers to spend five days a week in the office, CEO Andy Jassy wrote in a memo on Monday. The decision marks a significant shift from Amazon’s earlier return-to-work stance, which required corporate workers to be in the office at least three days a week. Now, the company is giving employees […]
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