World Markets
CNBC Daily Open: The rare earths must flow, but only with Beijing’s permission
A dump truck moves raw ore inside the pit at the Mountain Pass mine, operated by MP Materials, in Mountain Pass, California, U.S., on Friday, June 7, 2019. Joe Buglewicz | Bloomberg | Getty Images In the 1984 science fiction film Dune, Baron Vladimir Harkonnen uttered the famous quote that can aptly be used to […]
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CNBC Daily Open: He who controls the rare earth metals, controls tech’s future
Matt Green, mining/crushing supervisor at MP Materials, displays crushed ore before it is sent to the mill at the MP Materials rare earth mine in Mountain Pass, California, U.S. January 30, 2020. Picture taken January 30, 2020. Steve Marcus | Reuters In the 1984 science fiction film Dune, Baron Vladimir Harkonnen uttered the famous quote […]
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Novo Nordisk shares slip after pharma giant announces $4.7 billion U.S. acquisition
LONDON — Shares of Danish pharmaceutical giant Novo Nordisk fell 1.1% on Thursday after the company announced plans to acquire U.S. biotech firm Akero Therapeutics. The deal will see Novo pay $54 per share, valuing Akero at $4.7 billion, with the acquisition also including a contingent value right of $6 per share, potentially adding another […]
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CNBC Daily Open: It’s AI’s world and the Fed’s just living in it
Traders work, as a screen broadcasts a news conference by U.S. Federal Reserve Chair Jerome Powell following the Fed rate announcement, on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., Sept. 17, 2025. Brendan McDermid | Reuters Investors barely flinched Wednesday, despite the release of the Fed minutes and […]
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SoftBank shares soar 13% after it agrees to buy ABB robotics unit for $5.4 billion
Shares of SoftBank jumped as much as 13% Thursday, hours after the Japanese giant announced a deal to buy the robotics division of Swiss engineering firm ABB for $5.4 billion, further advancing SoftBank’s AI footprint. The deal, which is subject to regulatory approval globally, means ABB will no longer look to spin off its robotics business as […]
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CNBC Daily Open: The Fed spoke, but AI roared
AI stocks such as Nvidia are now masters of the market narrative, driving record highs across the S&P 500 and Nasdaq. Source
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European steelmakers rise after EU proposes slashing tariff-free import quota
LONDON — European stocks moved higher on Wednesday, as investors reacted to proposed tariffs on steel imported into the European Union. The pan-European Stoxx 600 was up around 0.6% by 3 p.m. in London (10 a.m. ET), with most sectors and major bourses in positive territory. The U.K. has been left fearing for its beleaguered […]
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CNBC Daily Open: Gold: Earthlings’ favorite element
In this photo illustration, gold coins are displayed at Witter Coins on Oct. 7, 2025 in San Francisco, California. Justin Sullivan | Getty Images J.P Morgan famously said in his 1912 congressional testimony that “Gold is money, everything is credit.” It seems unsurprising then that many investors seem to be fleeing from credit and are […]
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CNBC Daily Open: Gold skeptics are from Mars, investors are from Earth
In this photo illustration, a one-ounce gold bar, a gold nugget, and gold coins are displayed at Witter Coins on Oct. 7, 2025 in San Francisco, California. Justin Sullivan | Getty Images J.P Morgan famously said in his 1912 congressional testimony that “Gold is money, everything is credit.” It seems unsurprising then that many investors […]
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European stocks edge higher as French crisis weighs on sentiment; Gucci-owner Kering up 6%
LONDON — European stocks were higher on Tuesday afternoon, with all eyes on France after the resignation of Prime Minister Sebastien Lecornu plunged the country into a fresh political crisis. The pan-European Stoxx 600 index was up 0.2% by 12:10 p.m. in London (7:10 a.m. ET), with most sectors and major bourses in positive territory. […]
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