World
European markets set for lackluster open as traders continue to focus on earnings
Novartis sales rise 10% in third quarter, raises guidance Signage for Novartis AG at a building in the company’s headquarters campus in Basel, Switzerland, on Monday, Jan. 8, 2023. Bloomberg | Bloomberg | Getty Images Novartis reported 10% sales growth and 20% core operating income growth in its third-quarter results Tuesday, prompting the Swiss pharmaceutical […]
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ByteDance founder tops China’s rich list for the first time, beating Tencent and Nongfu heads
Night view of the Lujiazui financial district in downtown Shanghai. Yongyuan Dai | E+ | Getty Images ByteDance founder Zhang Yiming for the first time has emerged as China’s richest person, according to a list compiled by Hurun Research Institute, leaving behind Nongfu Spring Chairperson Zhong Shanshan who has topped the rankings for three years. […]
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HSBC announces $3 billion share buyback as third-quarter earnings beat expectations
HSBC Holdings Plc building at Canada Square in Canary Wharf financial district on 15th August 2023 in London, United Kingdom. Mike Kemp | In Pictures | Getty Images Boosted by strong revenue growth, Europe’s largest lender HSBC on Tuesday reported third-quarter earnings that beat analysts’ expectations as it embarks on a major restructuring that will […]
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Japan’s political instability could cloud economic policy, herald ‘revolving door’ of prime ministers
Amember of staff hands flyers with picture of Japan’s Prime Minister Shigeru Ishiba before his election campaign speech in Tokyo on October 26, 2024. Yuichi Yamazaki | Afp | Getty Images Japan’s government will be in a weaker position to deal with challenges facing the country, after the ruling Liberal Democratic Party failed to secure […]
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CNBC Daily Open: Stocks are entering the hottest period of the year
A pedestrian passes in front of a statue of a bull in the Wall Street area in New York City. Doug Kanter | AFP | 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 […]
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U.S. finalizes rules to curb AI investments in China, impose other restrictions
A Chinese flag is displayed next to a “Made in China” sign seen on a printed circuit board with semiconductor chips, in this illustration picture taken February 17, 2023. Florence Lo | Reuters The Biden administration said on Monday it is finalizing rules that will limit U.S. investments in artificial intelligence and other technology sectors in China that […]
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Alibaba and more: Fund manager gets bullish on 3 China tech stocks — expecting one to double
Shares of e-commerce giants in China look attractive as Beijing attempts to stimulate domestic consumption, according to investor Jason Hsu. Hsu, founder and chairman of Rayliant Global Advisors, told CNBC’s Pro Talks that Alibaba , JD.com , and Pinduoduo are among his top picks. He also revealed a more cautious stance toward Baidu over company […]
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Asia-Pacific markets opens mixed, Nikkei slips to give up previous day’s gains
Tokyo, Japan Jackyenjoyphotography | Moment | Getty Images Asia-Pacific markets opened mixed in spite of gains on Wall Street as investors looked toward a slate of megacap technology earnings to keep propelling the Nasdaq Composite to new heights this week. Japan’s Nikkei 225 slipped 0.21%, giving up gains from the day before. This comes after the ruling […]
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Chinese IPOs in the U.S. and Hong Kong are set to increase next year, analysts say
Chinese autonomous driving company WeRide listed on the Nasdaq on Friday, Oct. 25, 2024. China News Service | China News Service | Getty Images BEIJING — Chinese IPOs in the U.S. and Hong Kong are set to increase next year, analysts said, as some high-profile listings outside the mainland this year raise investor optimism over […]
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Stock futures are little changed as Wall Street awaits labor data and more earnings: Live updates
Traders work on the floor of the New York Stock Exchange during morning trading in New York City. Michael M. Santiago | Getty Images Stock futures are muted Monday night as investors readied for employment data and closely followed corporate earnings releases. Dow Jones Industrial Average futures added just 13 points, sitting slightly above flat. […]
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