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☆ U.S. Treasury yields tick higher ahead of key jobs report
▼ + stars: | 2024-04-05 | by ( Katrina Bishop | ) www.cnbc.com time to read: +1 min

The 2-year Treasury yield was also marginally higher at 4.648%. The 10-year Treasury yield was trading up less than one basis point at 4.318% at 4:02 a.m. The jobs figures will play into market expectations of when the Federal Reserve could start to cut interest rates. At its last meeting, the central bank indicated that it still expects three rate cuts by the end of this year. However, Minneapolis Fed President Neel Kashkari on Thursday became the latest high-profile figure to question whether there will be any rate cuts if inflation remains high.

Persons: Dow Jones, Neel Kashkari Organizations: Federal Reserve, Minneapolis, Investments, Traders

☆ 'The frenzy continues’: Researcher names 3 new signs of an AI bubble amid Nvidia hype
▼ + stars: | 2024-03-29 | by ( Katrina Bishop | ) www.cnbc.com time to read: +3 min

He outlined three recent events that give him cause for concern: Cohere valuation The first is that generative AI company Cohere is reportedly on track to raise funds at a $5 billion valuation. "Another red flag was Microsoft's ability to hire the CEO and 70 staff from the AI start-up Inflection AI," he said. Amazon investment Emphasizing the "FOMO effect" around AI, Windsor noted that even tech giant Amazon isn't immune. Amazon's largest-ever investment will see it continue to pump money into the generative AI start-up, which has a chatbot Claude that competes with OpenAI 's ChatGPT. He added that he already owns chip stock Qualcomm , which is in a "very good position to benefit as generative AI starts to be implemented at the edge."

Persons: Richard Windsor, Cohere, Windsor, Martin Kon, Claude, OpenAI, Stocks, —, Kate Rooney Organizations: Radio Free Mobile, Mar, CNBC, Nvidia, Google, Windsor, Nomura Securities, Microsoft, Qualcomm Locations: Amazon's

The yield on the 2-year Treasury yield was flat at 4.593%. The 10-year U.S. Treasury yield fell slightly on Tuesday as investors weighed the previous day's data points and looked ahead to key inflation figures later in the week. Last week, the central bank indicated that rates will fall this year, although Chairman Jerome Powell stressed that the economic outlook remains uncertain. The Dallas Fed manufacturing index for March also fell to -14.4, below expectations, although the Chicago Fed national activity index improved. There are also several auctions on the slate, including of 17-week, 4-week and 8-week Treasury bills.

Persons: Jerome Powell, Raphael Bostic, Jim Reid, Reid Organizations: Treasury, Federal Reserve, Atlanta Fed, Deutsche, Dallas Fed, Chicago Fed, Richmond Locations: U.S

☆ Germany's defense minister says NATO's 2% target is just the start: 'We'll probably need more'
▼ + stars: | 2024-02-17 | by ( Katrina Bishop | ) www.cnbc.com time to read: +1 min

watch nowGermany's defense minister said on Saturday that his country's commitment to spend 2% of GDP on defense was just the starting point and that more would likely be needed. Earlier in the day, German Chancellor Olaf Scholz insisted that the 2% spending target would be met "in the 2020s, in the 2030s and beyond." However, Boris Pistorius, Germany's federal minister of defense, stressed that spending 2% was always designed to be a minimum. This year, 18 of 31 NATO members are expected to reach the target — up from just three in 2014. Pistorius cited growing geopolitical tensions around the world, including in Europe, the Indo-Pacific and Africa, as the reason he expects defense spending to increase.

Persons: Olaf Scholz, Boris Pistorius, Pistorius, Donald Trump, Julia Nikhinson Organizations: CNBC, Munich Security, Afp, Getty, NATO Locations: Conway , South Carolina, Russia, Europe, Pacific, Africa

☆ High interest rates help Germany's Commerzbank post best results in 15 years
▼ + stars: | 2024-02-15 | by ( Katrina Bishop | ) www.cnbc.com time to read: +1 min

Commerzbank on Thursday reported a 55% hike in net profit for 2023, as high interest rates helped the German banking giant report its best results in 15 years. Net profit for the year beat expectations to come in at 2.2 billion euros ($2.36 billion), up from 1.4 billion euros a year earlier. For the fourth quarter, net profit was 395 million euros, down over 16% on the same quarter the year before, but ahead of consensus estimates published by Commerzbank. High interest rates were a driving factor behind the results, with net interest income up around 30% for 2023 as a whole, and 8.5% higher in the fourth quarter. However, it said it expects net profit to be above 2023 levels.

Organizations: Commerzbank, Investors

☆ Meta's stock could rise 50% in 2 years, pro says, as shares soar in premarket trade
▼ + stars: | 2024-02-02 | by ( Katrina Bishop | ) www.cnbc.com time to read: +2 min

Meta stock has serious upside potential, according to Deepwater Asset Management's Gene Munster, who said things at the company were looking good and will "likely get better." Meta stock was up over 16% in premarket trade early Friday, after the tech giant reported better-than-expected results and announced its first-ever dividend payment. Asked whether Meta could potentially become a $700 stock, Munster said: "This is not a formal price target, but yes, I believe this can go up 50% over the next couple of years." META 1Y mountain Meta stock Munster's call follows fourth-quarter earnings that surprised both investors and analysts. "I think that things are good at Meta , but they will likely get better," he added.

Persons: Gene Munster, LSEG, Meta, Munster, —, Jonathan Vanian Organizations: Munster, Deepwater, Reality Labs, Apple, Vision, Meta

☆ 10-year Treasury yield slips as investors digest bumper GDP data
▼ + stars: | 2024-01-26 | by ( Katrina Bishop | ) www.cnbc.com time to read: 1 min

Treasury yields slipped on Friday as investors digested the previous day's economic data, and looked ahead to another inflation reading. The yield on the benchmark 10-year Treasury note fell 2 basis points to 4.1085% at 3:37 a.m. ET, while the yield on the 2-year Treasury note slipped 1 basis point to 4.3036%. Yields move inversely to prices and a basis point equals 0.01%. The core personal consumption expenditures price index — which the Federal Reserve monitors for longer-term inflation trends — rose by 2.7% on an annual basis, down from 5.9% a year ago.

Organizations: U.S, Federal Reserve

☆ 10-year Treasury yield passes 1.5% as investors digest the jobs data beat
▼ + stars: | 2024-01-19 | by ( Katrina Bishop | ) www.cnbc.com time to read: 1 min

Treasury yields continued to edge higher on early Friday as investors digested the latest jobs data and comments by officials of the Federal Reserve. The yield on the 10-year Treasury note had ticked higher by 1 basis point to 4.157% at 2:30 a.m. The 2-year Treasury yield was hovering around the flatline, trading near 4.3548%. Data points scheduled for release include existing home sales for December and preliminary consumer sentiment data. One basis point equals 0.01%.

Organizations: Federal Reserve

☆ Top economists predict global growth will weaken this year as geopolitical rifts grow
▼ + stars: | 2024-01-15 | by ( Katrina Bishop | ) www.cnbc.com time to read: +1 min

The majority of economists surveyed by the World Economic Forum expect the global economy to weaken this year, saying that geopolitical fragmentation around the world will deepen. "Global economic prospects remain subdued and fraught with uncertainty," WEF's report, published Monday, said. The International Monetary Fund, meanwhile, expects global economic growth to fall slightly in 2024 to 2.9%, from 3% last year. WEF's survey shows significant divergence among economists' expectations for different economies, with the experts most bearish on Europe's prospects. Some 77% of those surveyed expect growth in the region to weaken this year — that's almost double the figure recorded in September's survey.

Persons: that's Organizations: World, Monetary Fund, U.S, East Locations: South Asia, East Asia, China

☆ 'Somebody has it wrong' on U.S. recession risks as oil, gold and Treasurys diverge, fund manager says
▼ + stars: | 2023-12-11 | by ( Katrina Bishop | ) www.cnbc.com time to read: +3 min

Markets are confused over the odds of a U.S. recession, and "somebody has got it wrong," according to hedge fund manager David Neuhauser. Except I think that [the] forward path — are we going to see things start to fall off a cliff? Or are we going to, sort of, glide path down and corporate earnings are going to be sheltered from the storm?" "That's the thing, I think, people don't have a really good understanding of today, but they're believing that that's going to happen — that's the narrative." "When you look at the oil … and you look at the gold market, that's telling you recession is in the front," he said.

Persons: David Neuhauser, Nonfarm payrolls, Neuhauser, Brent, I'm Organizations: Livermore Partners, CNBC, Treasury, CNBC PRO Locations: U.S, China

☆ Israel-Hamas war live updates: 'We are not ending the war,' Israel military chief of staff says; no hostage releases expected before Friday
▼ + stars: | 2023-11-23 | by ( Ruxandra Iordache Katrina Bishop | Ruxandra Iordache | Katrina Bishop | ) www.cnbc.com time to read: +1 min

Qatar's lead negotiator in the Israel-Hamas hostage talks has shared further details of the deal, saying the releases will happen "systematically." "This agreement specifically focuses on civilian women and children in each side, on both sides. It comes after Tzachi Hanegbi, Israel's national security adviser, said late Wednesday that the hostage release has been delayed until at least Friday. "The contacts on the release of our hostages are advancing and continuing constantly," Hanegbi said in a statement translated by NBC News. "The start of the release will take place according to the original agreement between the sides, and not before Friday."

Persons: Qatar's, Mohammed, Khulaifi, Tzachi Hanegbi, Hanegbi Organizations: NBC News Locations: Rafah, Gaza, Israel, Egypt, U.S, Qatar

☆ Israeli official outlines more details on tentative deal to free Hamas hostages: NBC
▼ + stars: | 2023-11-21 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +3 min

A senior Israeli official on Tuesday outlined further details of a tentative hostage deal with Hamas, which Israeli cabinet members are reportedly voting on late Tuesday, according to NBC. At this stage, Israel is only negotiating for Israeli hostages, according to the source. The official noted that many of the American hostages have dual-citizenship and therefore qualify as Israeli hostages. Only a very small number of hostages have been released or rescued since, despite much talk of a possible release deal. Israeli Prime Minister Benjamin Netanyahu has repeatedly said that Israel will not stop its ruthless military campaign against Hamas in the Gaza Strip until the hostages are released.

Persons: David, Israel, Matthew Miller, Benjamin Netanyahu, CNBC's Katrina Bishop Organizations: Hamas, NBC, U.S . State Department Locations: Tel Aviv, Gaza, Israel, Palestinian, U.S

☆ Cash is a 'missed opportunity' right now, says one pro — here's where he's investing instead
▼ + stars: | 2023-11-21 | by ( Amala Balakrishner | ) www.cnbc.com time to read: +3 min

Bonds The case for fixed income is "fairly clear," according to Budden, who was speaking on Nov. 9. By comparison, he said that if you "just stick it in cash," its value is likely to get eroded by high inflation. Stocks Meanwhile, the equities expert believes there is no better time to play the stock market. 'Haven't missed the market' As much as Budden is optimistic on stocks, he cautioned that "not all equities are the same." For one, the so-called "Magnificent Seven" stocks – Alphabet , Amazon , Apple , Meta Platforms , Microsoft , Nvidia and Tesla – have been reigning supreme this year.

Persons: Andy Budden, Budden, Haven't, haven't, " Budden, CNBC's Katrina Bishop Organizations: U.S . Federal, Capital Group, CNBC Pro, Apple, Microsoft, Nvidia, Tesla

☆ Europe markets tick higher at open, look set for weekly gains
▼ + stars: | 2023-11-17 | by ( Katrina Bishop | ) www.cnbc.com time to read: 1 min

European markets started Friday in the green after a reversal of momentum in the previous session. The pan-European Stoxx 600 index opened up 0.4% at 8 a.m. London time. It ended Thursday down 0.7%, with oil and gas shares leading falls on the back of weaker crude prices. It marked a change of pace for the index, which is still up 1.8% over the week to Thursday's close. U.K. retail sales figures for October are due Friday, along with a final reading of euro zone inflation for October.

Locations: London

☆ Treasury yields slip further amid hopes of a 'dovish pivot' by the Fed
▼ + stars: | 2023-11-17 | by ( Katrina Bishop | ) www.cnbc.com time to read: +2 min

The 2-year Treasury yield was last trading at 4.82%, 2 basis points lower. U.S. Treasury yields continued to slip Friday as investors bet that the U.S. Federal Reserve's rate-hiking campaign could finally be over. The producer price index, released Wednesday, showed a 0.5% decline in October — whereas economists had expected a slight increase. Earlier this week, October's consumer price index reading also came in lower than forecast. The core consumer price index, which excludes food and energy, fell to a two-year low of 4% on an annual basis.

Persons: Henry Allen Organizations: Treasury, U.S, Deutsche Locations: U.S, U.S . Federal

☆ Israel-Hamas war live updates: Israel's raid on al-Shifa hospital continues; Israeli president says 'strong force' to be needed in Gaza
▼ + stars: | 2023-11-16 | by ( Ruxandra Iordache Katrina Bishop | Ruxandra Iordache | Katrina Bishop | ) www.cnbc.com time to read: +1 min

Israeli President Isaac Herzog addresses a joint meeting of the U.S. Congress at the U.S. Capitol on July 19, 2023 in Washington, DC. The IDF said it found Hamas grenades and assault rifles inside the hospital, although CNBC has not been able to verify the claims. Hamas rejected accusations that it has been using the hospital for military purposes, describing the claims as nothing but "lies and cheap propaganda." Meanwhile, Israel's President Isaac Herzog warned that a "very strong force" will be needed in Gaza in the near future, as the country seeks to avoid a return to power of the militant group Hamas. We can't leave a vacuum ... No one will want to turn this place, Gaza, into a terror base again."

Persons: Isaac Herzog, Herzog Organizations: U.S, Congress, Capitol, Israel Defense Forces, Palestinian National, CNBC, Hamas Locations: Washington , DC, Gaza

☆ Israel-Hamas war live updates: Israel military says it will help evacuate hospital babies; Netanyahu rejects cease-fire calls
▼ + stars: | 2023-11-12 | by ( Katrina Bishop | ) www.cnbc.com time to read: +1 min

Al Shifa — the largest hospital in Gaza — has no electricity or water, according to local health officials, who said it has "stopped working." In a Saturday news conference, Palestinian Ministry of Health Spokesman Dr. Ashraf Al-Qudra said the hospital was "besieged." Also speaking at the press conference, Dr. Muhammad Qandil said there were many dead bodies both inside and outside of the hospital, which is "collapsing totally." Israel's military says Hamas uses hospitals as operational bases and hides weapons in tunnels underneath them, although Hamas denies these charges. Last week, Israel Defense Forces spokesperson Rear Admiral Daniel Hagari said: "Hamas systematically exploits hospitals as part of its war machine."

Persons: Al Shifa, Ashraf Al, Qudra, Muhammad Qandil, Daniel Hagari, Bishop Organizations: Palestinian Ministry of Health, Health, NBC, Israel Defense Forces Locations: Gaza

☆ Israel-Hamas war live updates: 'Catastrophic' situation at Gaza hospital as attacks ramp up; Pro-Palestinian march due in London
▼ + stars: | 2023-11-11 | by ( Katrina Bishop | ) www.cnbc.com time to read: +1 min

Persons: Al Shifa, Ashraf Al, Qudra, Muhammad Qandil, Daniel Hagari, Bishop Organizations: Palestinian Ministry of Health, Health, NBC, Israel Defense Forces Locations: Gaza

☆ Israel-Hamas war live updates: Gaza health ministry says hospitals hit in overnight strikes; Israel agrees daily pauses in fighting
▼ + stars: | 2023-11-10 | by ( Ruxandra Iordache Katrina Bishop | Ruxandra Iordache | Katrina Bishop | ) www.cnbc.com time to read: +1 min

U.N. High Commissioner for Human Rights Volker Türk again called for a cease-fire in the Israeli-Hamas war and for the release of hostages held by the Palestinian militant group, while urging Israel to protect civilians in the West Bank. Türk condemned the "atrocious attacks" of Hamas on Oct. 7, which should "outrage each and every one of us," as well as the "indiscriminate effects" of Israeli attacks in densely populated areas in the Gaza Strip. He said the U.N. human rights agency continues to monitor strikes against hospitals in the Gaza enclave, adding, "Considering the predictable high level of civilian casualty and the wide scale of destruction of civilian objects we have very serious concerns that these amount to disproportionate attacks in breach of international humanitarian law." Israel has repeatedly said it does not target civilians and sets out to demilitarize Hamas positions. — Ruxandra Iordache

Persons: Volker Türk, Türk, — Organizations: Human, Hamas, West Bank, West Bank – Locations: Palestinian, Israel, Gaza, Jordan

Captives will not be released until a ceasefire is agreed with Israel, Hamas representative Abu Hamid said, as a delegation of the group visited Moscow. Al-Qassem, the armed wing of Hamas, also posted on its Telegram account that it estimates 50 "prisoners" have been killed in Israeli bombardment. CNBC could not independently verify the figures, and the Israel Defense Forces did not immediately respond to a request for comment. The IDF has previously said that Hamas captured roughly 224 people, of which only four have been released to date. Some questions have risen over the accuracy of numbers reported by Hamas and Hamas-controlled facilities, such as the death toll supplied by the Gaza Health Ministry.

Persons: Abu Hamid, Joe Biden Organizations: CNBC, Israel Defense Forces, IDF, Hamas, Gaza Health Ministry, U.S Locations: Gaza, Russian, Israel, Moscow

☆ Standard Chartered shares slide 12% as China losses hit earnings
▼ + stars: | 2023-10-26 | by ( Katrina Bishop | ) www.cnbc.com time to read: +2 min

watch nowStandard Chartered shares slid Thursday as the bank's big bet on China hit a stumbling block, leading to significant losses in the country. Shares of the Asia-focused bank tanked as much as 17% in early deals, sparking a temporary halt in trade. The result was hit by the bank slashing the value of its investment in China Bohai Bank by $697 million. Standard Chartered also announced a credit impairment charge of $294 million — up $62 million on the year — including a $186 million charge relating to the China commercial real estate sector. Stock Chart Icon Stock chart icon Standard Chartered sharesStandard Bank Chief Financial Officer Andy Halford on Thursday told CNBC's "Squawk Box Europe" that the "overall performance of the bank is very strong," despite the China news.

Persons: Andy Halford, CNBC's, Halford, " Halford Organizations: Chartered, China, China Bohai Bank, Bank Locations: Asia, London, China Bohai, China

☆ Israel-Hamas war live updates: Israel launches overnight raid in Gaza in preparation for 'next stage'; calls for fuel deliveries intensify
▼ + stars: | 2023-10-26 | by ( Katrina Bishop | ) www.cnbc.com time to read: +1 min

The Israel Defense Forces said they conducted an overnight raid in northern Gaza, "as part of preparations for the next stages of combat." The IDF's Givati Brigade used tanks as part of the operation, and soldiers left the area once it was completed, the military added. The raid is not believed to form part of Israel's highly anticipated ground invasion of Gaza, but comes amid heightened expectations of a step-up in the IDF's offensive in the enclave. In a televised address Wednesday, Israel Prime Minister Benjamin Netanyahu once again said that Israel is preparing for a ground invasion of the Gaza Strip, but provided no details about timing. Israeli military officials have previously said that the next stage of the campaign may not necessarily be a ground incursion.

Persons: Benjamin Netanyahu, Israel Organizations: Israel Defense Forces, Brigade, Israel Locations: Gaza

☆ 10-year Treasury yield retreats after rising to 5% in previous session
▼ + stars: | 2023-10-20 | by ( Katrina Bishop | ) www.cnbc.com time to read: +1 min

During the previous session, 10-year Treasury yields topped 5% for the first time since July 20, 2007, after four consecutive days of climbs. The yield on the 10-year Treasury fell to 4.9499% by 2 a.m. ET, down around 4 basis points. The 2-year Treasury yield was trading around 5.1418%, down around 3 basis points. No major data points or Treasury auctions are scheduled.

Persons: Jerome Powell, Powell, Lorie Logan, Patrick Harker, Loretta Mester Organizations: Federal, Economic, of New Locations: of New York

☆ Goldman Sachs names 6 global stocks to play the energy transition — giving one over 90% upside
▼ + stars: | 2023-10-02 | by ( Amala Balakrishner | ) www.cnbc.com time to read: +2 min

Goldman Sachs is bullish on the bioenergy sector, calling it the "largest source of renewable energy in the world." Specifically, the bank's analysts, led by Michele Della Vigna, foresee growth in the areas of renewable diesel, sustainable aviation fuel, and renewable natural gas. Stock picks Several global stocks are slated to benefit from this push toward sustainability and the transition to renewable energy, Goldman said. Among its top picks is Neste , which it describes as the "biggest renewable diesel and sustainable aviation fuel producer in the world." The company turns edible by-products and food waste into sustainable products and is the largest renewable diesel producer in North America.

Persons: Goldman Sachs, bioenergy, Michele Della Vigna, Goldman, —, — CNBC's Katrina Bishop Organizations: Renewable, Stock, ENI, U.S Locations: U.S, Italy, North America

☆ Flights disrupted across UK as air traffic control reports a 'technical issue'
▼ + stars: | 2023-08-28 | by ( Katrina Bishop | ) www.cnbc.com time to read: 1 min

The U.K.'s air traffic control provider reported a technical issue Monday which saw flights across the country disrupted. "We are currently experiencing a technical issue and have applied traffic flow restrictions to maintain safety," NATS said in a statement. "Engineers are working to find and fix the fault." NATS clarified that "UK airspace is not closed" after reports on social media site X, formerly known as Twitter. Scottish airline Loganair earlier Monday said on X that there was a "network-wide failure of UK air traffic control computer systems this morning."

Persons: NATS Organizations: Engineers, Twitter, Scottish

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