Economic events
CNBC Daily Open: Elon Musk’s money can’t buy OpenAI
Elon Musk, chief executive officer of Tesla Inc., in the Oval Office of the White House in Washington, DC, US, on Tuesday, Feb. 11, 2025. Aaron Schwartz | Bloomberg | Getty Images In January, U.S. consumers didn’t feel as inclined to open their wallets, causing retail sales for the month to fall more than expected, […]
Read More
Asia-Pacific markets mostly higher as investors parse Japan GDP growth data
Doctoregg | Moment | Getty Images Asia-Pacific markets traded mostly higher Monday, as investors parsed Japan’s fourth-quarter economic growth data, while awaiting a slew of central bank decisions from the region this week. Japan’s Nikkei 225 traded around the flatline, while the Topix added 0.15%. South Korea’s Kospi added 0.18% andthe small-cap Kosdaq added 0.35%. […]
Read More
Why China investors have stayed out of China despite many stimulus measures
Professional investors have stayed away from China’s stock markets despite several attempts by the country’s government to revive investment sentiment. An analysis of fund data reveals portfolio managers have steadily lowered their allocation toward China equities since mid-2020 when Beijing intervened in its property sector with the “three red lines” rule to address concerns of […]
Read More
CNBC Daily Open: PPI and tariffs cloud markets, but investors choose to see silver lining
Traders work on the floor of the New York Stock Exchange (NYSE) at the opening bell in New York City on February 12, 2025. Angela Weiss | Afp | Getty Images Humans are forward-looking creatures. It allows us to plan for the future, increasing our chances of survival and success, but can also bog us […]
Read More
Singapore is set to deliver its first budget under its new prime minister. Here’s what to expect
Lawrence Wong, Singapore’s then deputy prime minister and finance minister, speaking during the Milken Institute Asia Summit in Singapore, on Sept. 13, 2023. Wong, now the country’s prime minister, is due to deliver the budget on Feb. 18. Bloomberg | Bloomberg | Getty Images Singapore is gearing up for its first budget under Prime Minister […]
Read More
Asia markets rise after Wall Street gains overnight; Singapore logs faster-than-expected GDP growth
People walking through the neon lit night streets of Sinchon in the heart of Seoul, South Korea’s vibrant capital city. Fotovoyager | E+ | Getty Images Asia-Pacific markets rose Friday, tracking Wall Street gains overnight as President Donald Trump signed a reciprocal tariffs plans, but did not enact the levies on them immediately. Australia’s S&P/ASX 200 started […]
Read More
CNBC’s Inside India newsletter: How Modi’s trip to the U.S. and France could help India grow its nuclear ambitions
French President Emmanuel Macron (Centre L) and Indian Prime Minister Narendra Modi (Centre R) attend a visit at the ITER (International Thermonuclear Experimental Reactor) in Saint-Paul-les-Durance, near Marseille southern France, on February 12, 2025. (Photo by Laurent Cipriani / POOL / AFP) (Photo by LAURENT CIPRIANI/POOL/AFP via Getty Images) Laurent Cipriani | Afp | Getty […]
Read More
Europe stocks hit fresh record high on earnings, Ukraine peace hopes
European stock markets were broadly higher Thursday, amid a flurry of earnings and economic data and rising hopes of an end to the Russia-Ukraine war. The regional Stoxx 600 index maintained positive momentum from earlier this week, when it marked three record closing highs, gaining another 0.74% by midday in London to hit another all-time intraday peak. Markets […]
Read More
Ray Dalio to the Trump administration: Cut debt now or face an ‘economic heart attack’
DUBAI, United Arab Emirates — Hedge fund titan Ray Dalio issued a fresh warning about the U.S. economy, warning of dire consequences if the Trump administration does not cut the country’s debt. “It’s like if I was a doctor and I was speaking with you about your condition, I would say to you, this is […]
Read More
UK economy ekes out 0.1% growth in the fourth quarter, beating expectations
A general view of people visiting the Trafalgar Tavern pub decorated with bunting and string lights on the bank of the River Thames in Greenwich on December 16, 2023 in London, United Kingdom. John Keeble | Getty Images News | Getty Images The U.K. economy grew by 0.1% in the fourth quarter, beating expectations, according […]
Read More