Markets
Alibaba, Tencent rally as Beijing stimulus plans push China’s tech stocks to 13-month high
The Alibaba office building is seen in Nanjing, Jiangsu province, China, Aug 28, 2024. CFOTO | Future Publishing | Getty Images Chinese tech stocks, including beaten-down names like Alibaba, rallied this week, hitting highs not seen in more than a year after China’s central bank announced measures to stimulate the world’s second-largest economy. The Hang […]
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CNBC Daily Open: More all-time highs? Yes please
Traders work on the floor of the NYSE. 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 know today All-time high, […]
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China optimism is surging. Why some investors are cautious
Key Points China’s latest policy signals have a bigger impact on sentiment than resolving deeper issues such as real estate, analysts said. “The ‘shock and awe’ strategy could be meant to jumpstart the markets and boost confidence,” said Ting Lu, chief China economist at Nomura, but eventually it is still necessary to introduce well thought […]
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Hong Kong’s New World Development shares surge 23% after CEO resigns
Signage at the New World Tower, which houses the headquarters of New World Development Co., in Hong Kong, China, on Thursday, Sept. 26, 2024. New World Developmen suspended trading of its shares in Hong Kong on Thursday morning. Bloomberg | Bloomberg | Getty Images Shares of Hong Kong’s major developer, New World Development surged over […]
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OpenAI CFO tells investors funding round should close by next week despite executive departures
Key Points In an email to OpenAI’s investors, CFO Sarah Friar said the company still has a “talented leadership bench” following key departures this week. Friar also says its current funding round, which sources say values OpenAI at $150 billion, was oversubscribed and set to close next week. “Collectively, we remain laser-focused on bringing AI […]
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China’s industrial profits plunge by 17.8% in August from a year ago
Excavators transfer coal at the coal terminal in China’s eastern Jiangsu province on January 22, 2024. Str | Afp | Getty Images China’s industrial profits plunged by 17.8% in August from a year ago, the National Bureau of Statistics said Friday. That followed a 4.1% year-on-year increase in July, the fastest pace in five months. […]
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CNBC Daily Open: A high of all-time highs
Traders work on the floor of the NYSE. 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 know today All-time high, […]
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Asia-Pacific markets set to extend gains amid China stimulus optimism; Hong Kong to rise 3% on open
Crimson clouds light up the skyline of Victoria Harbour on July 14, 2022 in Hong Kong, China. Li Zhihua | China News Service | Getty Images Asia-Pacific markets were set to rise Friday, with Chinese stocks likely capping off a week of gains on the back of Beijing’s stimulus measures aimed at boosting the economy. […]
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Stock futures are little changed as traders brace for Fed’s preferred inflation reading: Live updates
Traders work on the floor of the NYSE. NYSE Stock futures traded near the flatline Thursday night as Wall Street awaits a key inflation reading. Futures tied to the Dow Jones Industrial Average were little changed, as were S&P 500 futures. Nasdaq 100 futures ticked higher by less than 0.1%. In after-hours action, Costco Wholesale […]
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Trump Media shareholder UAV dumped more than 7.5 million shares
The Nasdaq Market site is seen on the day that shares of Truth Social and Trump Media & Technology Group start trading under the ticker “DJT”, in New York City, U.S., March 26, 2024. Shannon Stapleton | Reuters United Atlantic Ventures LLC, a major shareholder in Trump Media, has sold or otherwise gotten rid of […]
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