Happy Friday! It’s not goodbye. It’s see you later. I start the second half of my paternity leave next week. I’ll be out for the summer, but you’re in good hands with my UK colleague Hallam Bullock. Just try not to give him too much grief on July 4. In today’s big story, some advice
Wall Street has shunned China’s stock market for its volatility amid the country’s economic issues. A trade war, tough regulations, and geopolitical tensions have made it difficult for investors to navigate, but as tensions ease and AI technology continues to advance, investors are starting to warm up to China again. “China has been a market that has
This is CNBC’s live blog covering Asia-Pacific markets. Asia-Pacific markets mostly rose Friday as investors awaited China data, and continued to assess escalating tensions between Israel and Iran. The Asian giant is expected to release its one-year and five-year loan prime rates for June later in the day. Investors are also monitoring the Israel-Iran conflict
This is CNBC’s live blog covering Asia-Pacific markets. Asia-Pacific markets mostly rose Friday after China kept benchmark rates steady, while investors monitored escalating tensions between Israel and Iran. U.S. President Donald Trump is now weighing on whether to back the Israeli military and strike Tehran. The White House said that he will make a final decision
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Two companies backed by Bill Gates and Sam Altman have raised more than $1bn amid a surge in investor optimism that nuclear energy will help power the artificial intelligence revolution. TerraPower, a private company founded
IBM Keeps Hitting New Highs. BofA Sees More Room for Gains 30 minutes ago International Business Machines (IBM) shares closed at record high for the third straight session on Wednesday, as Bank of America lifted its price target for the stock even higher. “IBM, despite trading at all-time highs, remains interesting,” BofA analysts wrote in
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Howard Marks, co-founder of $200bn alternatives manager Oaktree Capital Management, has called on China to open up more “asset classes” to foreign investors as he set out an upbeat view of the world’s second-largest economy.
Jabil Leads S&P 500 Gainers After Strong Earnings Report 51 minutes ago Jabil (JBL) stock surged to a record high on Tuesday after the circuit board maker’s fiscal third-quarter results topped estimates and the firm lifted its full-year projections. Revenue rose nearly 16% year-over-year to $7.83 billion, well above the $7.04 billion analyst consensus compiled
Fed’s Policy Meeting Kicked Off Tuesday 49 minutes ago The Federal Reserve’s two-day monetary policy meeting kicked off Tuesday, as investors await the central bank’s view on the outlook for the economy and what it could mean for interest rates. Members of the Federal Open Market Committee are scheduled to release their decision about the
AMD Levels to Watch as Stock Rises Amid AI Optimism 21 minutes ago Advanced Micro Devices (AMD) shares continued gaining ground Tuesday, boosted by upbeat Wall Street commentary following the chipmaker’s “Advancing AI” event last week. Piper Sandler on Monday raised its price target for the stock and expressed enthusiasm for AMD’s recently unveiled Helios server rack architecture,