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CNBC Daily Open: 2023’s winners and losers
  + stars: | 2024-01-02 | by ( Yeo Boon Ping | ) www.cnbc.com   time to read: +2 min
NEW YORK, NEW YORK - DECEMBER 29: Traders work on the floor of the New York Stock Exchange (NYSE) on the last day of trading for the year on December 29, 2023 in New York City. The Dow was up slightly in morning trading in what has been a strong year for the stock market despite many economists predictions that the American economy would experience a recession. (Photo by Spencer Platt/Getty Images)This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Interest in alternative assets — which include anything outside public market assets like stocks, bonds, commodities and cash — looks to be growing.
Persons: Dow, Spencer Platt, Australia's, Bullish, bitcoin Bitcoin, Bitcoin, BYD, Tesla BYD, Tesla Organizations: NEW, New York Stock Exchange, Getty, CNBC, Pinebridge Investments, International Monetary Fund, Tesla, U.S . Securities, Exchange Commission, Elon Musk's EV Locations: New York City, Asia, Pacific, Shanghai, China, India, U.S
CNBC Daily Open: Winners and losers of 2023
  + stars: | 2024-01-02 | by ( Yeo Boon Ping | ) www.cnbc.com   time to read: +2 min
Traders work on the floor of the New York Stock Exchange (NYSE) on the last day of trading for the year on December 29, 2023 in New York City. This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Nasdaq reboundThe Nasdaq Composite popped 43% in 2023, its best year since 2020. Bullish on bitcoinBitcoin rallied about 152% in 2023 despite high-profile criminal cases against cryptocurrency exchanges FTX and Binance.
Persons: Germany's DAX, bitcoin Bitcoin, Bitcoin, Sarah Min Organizations: New York Stock Exchange, CNBC, Nasdaq, U.S . Federal, U.S . Price, Companies, Federal Reserve Locations: New York City, U.S
CNBC Daily Open: Inflation mission accomplished?
  + stars: | 2023-12-26 | by ( Yeo Boon Ping | ) www.cnbc.com   time to read: +3 min
Justin Sullivan | Getty Images News | Getty ImagesThis report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. The personal consumption expenditures price index measures how much consumers spend on goods and services. By contrast, the consumer price index tracks the price of goods and services — not actual consumer behavior. For the week, the S&P was up 0.8%, the Dow 0.2% and the Nasdaq 1.2%.
Persons: Justin Sullivan, That's, Andrew Hunter, Russell, bode, Greg Bassuk, , Jeff Cox Organizations: HK, Getty, CNBC, Capital Economics, CPI, Nasdaq, Dow Jones, Nike, Dow, AXS Investments Locations: San Anselmo , California
CNBC Daily Open: Inflation goal in view
  + stars: | 2023-12-26 | by ( Yeo Boon Ping | ) www.cnbc.com   time to read: +3 min
Brown | AFP | Getty ImagesThis report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. The personal consumption expenditures price index measures how much consumers spend on goods and services. By contrast, the consumer price index tracks the price of goods and services — not actual consumer behavior. For the week, the S&P was up 0.8%, the Dow 0.2% and the Nasdaq 1.2%.
Persons: Frederic J, Brown, That's, Andrew Hunter, Russell, bode, Greg Bassuk, , Jeff Cox Organizations: HK, AFP, Getty, CNBC, Capital Economics, CPI, Nasdaq, Dow Jones, Nike, Dow, AXS Investments Locations: Rosemead , California
CNBC Daily Open: A Thanksgiving lull
  + stars: | 2023-11-23 | by ( Yeo Boon Ping | ) www.cnbc.com   time to read: +2 min
This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Last burst before a breakU.S. stocks ended Wednesday in positive territory before going on break today for Thanksgiving. Jack Ma pauses plansAlibaba founder Jack Ma is pausing his plans to sell Alibaba shares. Last week, regulator filings revealed Ma was looking to sell around $870 million worth of Alibaba shares.
Persons: Treasurys, Europe's, Jeremy Hunt, Altman's, Sam Altman, Helen Toner, Tasha McCauley, Ilya Sutskever —, Altman, Bret Taylor, Larry Summers, Adam D'Angelo, Nansen, hasn't, Changpeng Zhao, Jack Ma, Ma, Alibaba Organizations: New York Stock Exchange, CNBC, Finance, U.S, Treasury Locations: New York City, U.S
CNBC Daily Open: Back to square one?
  + stars: | 2023-11-23 | by ( Yeo Boon Ping | ) www.cnbc.com   time to read: +2 min
Traders work on the floor of the New York Stock Exchange (NYSE) on November 15, 2023 in New York City. This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. There's also a board reshuffle, with Bret Taylor, former co-CEO of Salesforce and Larry Summers, former U.S. Treasury secretary, joining. Separately, OpenAI researchers reportedly warned the board of an AI breakthrough ahead of Altman's ouster.
Persons: Treasurys, Australia's, Sam Altman, There's, Bret Taylor, Larry Summers, Nansen, hasn't, Changpeng Zhao, Morgan Stanley Organizations: New York Stock Exchange, CNBC, Nikkei, U.S, Treasury, Counterpoint Research Locations: New York City, U.S, Asia, Pacific, Middle East, Africa, China, India
This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Nvidia's revenue tripledNvidia's fiscal third-quarter revenue grew 206% year on year to $18.12 billion, handily beating expectations, and net income rocketed from $680 million to $9.24 billion. Moreover, Nvidia expects revenue for the current quarter to increase to $20 billion, an implied 231% growth. Fed officials also project economic growth in the fourth quarter to "slow markedly" from last quarter's 4.9% increase in gross domestic product.
Persons: Colette Kress, Binance's CZ, Changpeng Zhao, Richard Teng, Zhao Organizations: CNBC, Nvidia, Federal, Auto, European Union, European Automobile Manufacturers ' Association, Binance's, U.S . Department of Justice, Bank of America Locations: China
This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Nvidia's revenue tripledNvidia's fiscal third-quarter revenue grew 206% year on year to $18.12 billion, handily beating expectations, and net income rocketed from $680 million to $9.24 billion. Moreover, Nvidia expects revenue for the current quarter to increase to $20 billion, an implied 231% growth. Richard Teng, the company's former global head of regional markets, will be Binance's new CEO, said Zhao in a post on X, formerly Twitter.
Persons: Colette Kress, CZ, Changpeng Zhao, Richard Teng, Zhao Organizations: CNBC, Nvidia, Federal, Japan's Nikkei, China's, U.S . Department of Justice, Hamas, U.S, Bank of America Locations: China, Asia, Pacific, China's Shanghai, U.S, Israel, Europe
CNBC Daily Open: Microsoft and Nvidia hit all-time highs
  + stars: | 2023-11-21 | by ( Yeo Boon Ping | ) www.cnbc.com   time to read: +3 min
This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. New high for Nvidia Nvidia shares popped 2.25% to close at an all-time high of $504.09 , ahead of the chipmaker's earnings report today. All the turmoil at OpenAI over the weekend turned out pretty well — for Sam Altman and Microsoft , at least. The appointment sent Microsoft shares to a new high.
Persons: Cash, Andy Budden, Sunac, it's, Sam Altman, Altman's, Dan Ives, Ives, Altman, Brockman, we've, — CNBC's Sophie Kiderlin Organizations: CNBC, Capital Group, Nvidia Nvidia, Nvidia, Microsoft, Wedbush Securities, Nadella, Dow Jones, Nasdaq
CNBC Daily Open: Record highs for Microsoft and Nvidia
  + stars: | 2023-11-21 | by ( Yeo Boon Ping | ) www.cnbc.com   time to read: +2 min
Stephen Brashear | Getty Images News | Getty ImagesThis report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. What you need to know todayThe bottom lineAll the turmoil at OpenAI over the weekend turned out pretty well — for Sam Altman and Microsoft , at least. The appointment sent Microsoft shares to a new high. Meanwhile, at another corner of the technology industry, anticipation over Nvidia's earnings report later today pushed the chipmaker's shares up to a record high.
Persons: Satya Nadella, Stephen Brashear, Sam Altman, Altman's, Dan Ives, Ives, Altman, Brockman, we've, — CNBC's Sophie Kiderlin Organizations: Getty, CNBC, Microsoft, Wedbush Securities, Nadella, Nvidia, Dow Jones, Nasdaq Locations: Bellevue , Washington
CNBC Daily Open: An alternative to Altman
  + stars: | 2023-11-20 | by ( Yeo Boon Ping | ) www.cnbc.com   time to read: +2 min
Andrew Caballero-reynolds | Afp | Getty ImagesThis report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. The Nasdaq increased 2.4%, its first three-week positive streak since June. Even if it were the latter, OpenAI is "not the only game in town," as industry analyst Patrick Moorhead put it. In other words, there will be other companies — like Anthropic or Google — more than ready to assume AI leadership.
Persons: Sam Altman, Andrew Caballero, reynolds, Stocks, Scott Ladner, OpenAI, Sam Altman's, Ilya, Zachary Lipton, Patrick Moorhead Organizations: Economic Cooperation, APEC, Afp, Getty, CNBC, Dow Jones, Nasdaq, Dow, Horizon Investments, Carnegie Mellon University Locations: Asia, San Francisco , California, U.S
CNBC Daily Open: Trouble in AI paradise
  + stars: | 2023-11-20 | by ( Yeo Boon Ping | ) www.cnbc.com   time to read: +3 min
This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. [PRO] Nvidia earnings in focus After the flurry of inflation reports last week, this week looks comparatively quiet in terms of economic data releases. In other words, there will be other companies — like Anthropic or Google — more than ready to assume AI leadership. And Nvidia's report, out Tuesday, will in all probability reassure investors shaken by the cracks in the gilded world of generative AI.
Persons: Sam Altman, Michael Herzog, Musk, Stocks, Scott Ladner, OpenAI, Sam Altman's, Ilya, Zachary Lipton, Patrick Moorhead Organizations: APEC, Summit, Moscone West, CNBC, Hamas, Apple, Disney, IBM, Twitter, Media Matters, America, Dow Jones, Nasdaq, Dow, Horizon Investments, Carnegie Mellon University Locations: San Francisco , California, Israel, U.S
In this article 7201.T-JPVOW3-DEMETAGOOGL.FKRX300BABABABAWMTAMZN Follow your favorite stocks CREATE FREE ACCOUNTTraders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., November 16, 2023. Brendan Mcdermid | ReutersThis report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. To that end, Mester doesn't see rate cuts on the horizon. Perhaps investors shouldn't be so sure about impending rate cuts too.
Persons: VOW3, FKRX300 BABA BABA, Brendan Mcdermid, Doug McMillon, Jonathan Krinsky, Krinsky, Loretta Mester, isn't, Mester, Lisa Cook Organizations: New York Stock Exchange, Reuters, CNBC, Walmart, Nasdaq, Dow Jones, Federal Reserve, Cleveland Federal Locations: New York City, U.S, San Francisco
In this article AAPLAMZNTSLABXWMTBABA.FKRX300 Follow your favorite stocks CREATE FREE ACCOUNTTraders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., November 16, 2023. Brendan Mcdermid | ReutersThis report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. To that end, Mester doesn't see rate cuts on the horizon. Perhaps investors shouldn't be so sure about impending rate cuts too.
Persons: Brendan Mcdermid, Doug McMillon, Jonathan Krinsky, Krinsky, Loretta Mester, isn't, Mester, Lisa Cook Organizations: BABA, New York Stock Exchange, Reuters, CNBC, Walmart, Nasdaq, Dow Jones, Federal Reserve, Cleveland Federal Locations: New York City, U.S, San Francisco
Valerie Plesch| Bloomberg | Getty ImagesThis report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Wholesale prices in October, as measured by the producer price index, fell 0.5% for the month against the expected 0.1% increase. And that, to put it mildly, "may be at least a tad optimistic," Cox wrote. Expectations of a rate cut forced down Treasury yields Tuesday (though they rose again yesterday).
Persons: Valerie Plesch, Jeff Cox, Cox, Quincy Krosby, Henry Allen, Organizations: Eccles Federal, Bloomberg, Getty, CNBC, Major, Nasdaq, Dow Jones Industrial, Federal Reserve, Investors, Treasury, LPL, Deutsche Bank, Fed Locations: Washington , DC, Major U.S
Valerie Plesch | Bloomberg | Getty ImagesThis report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Wholesale prices in October, as measured by the producer price index, fell 0.5% for the month against the expected 0.1% increase. And that, to put it mildly, "may be at least a tad optimistic," Cox wrote. Expectations of a rate cut forced down Treasury yields Tuesday (though they rose again yesterday).
Persons: Valerie Plesch, Jeff Cox, Cox, Quincy Krosby, Henry Allen, Organizations: Eccles Federal, Bloomberg, Getty, CNBC, Major, Nasdaq, Dow Jones Industrial, Federal Reserve, Investors, Treasury, LPL, Deutsche Bank, Fed Locations: Washington , DC, Major U.S
CNBC Daily Open: Markets spiked on October’s flat CPI
  + stars: | 2023-11-15 | by ( Yeo Boon Ping | ) www.cnbc.com   time to read: +2 min
This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Boost from CPIU.S. stocks jumped Tuesday on the cooler-than-expected CPI report, with major indexes notching their best day since April. [PRO] Secret stock holdings at BerkshireWarren Buffett's Berkshire Hathaway dumped its stake in one auto company, exited some of its smaller positions and trimmed some big names its stock holdings, according to a new regulatory filing. More intriguingly, Berkshire also asked the Securities and Exchange Commission to keep one or more of its stock holdings confidential.
Persons: Australia's, Berkshire Hathaway Organizations: CNBC, CPI, CPI U.S, Berkshire Warren, Securities and Exchange Commission Locations: Los Angeles , California, U.S, Asia, Pacific, China, Japan, Berkshire, intriguingly
CNBC Daily Open: Rational exuberance
  + stars: | 2023-11-15 | by ( Yeo Boon Ping | ) www.cnbc.com   time to read: +2 min
This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Both figures are 0.1 percentage point lower than economists expected. Separately, euro zone gross domestic product shrank 0.1% quarter on quarter in the three months ended September. That means the Swiss bank thinks rates will be between 2.5% and 2.75% by next year.
Persons: Sundar Pichai, , Pichai Organizations: CNBC, CPI, CPI U.S, UBS, Reserve, Apple, Google, Epic Games Locations: U.S, Swiss
This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. South Korea's Kosdaq index rose around 2.2%, snapping a five-day losing streak. Hence, Biden and Xi will likely focus on "prevent[ing] a crisis," according to a political commentator. Consumer spending fellU.S. October retail sales, excluding autos and gas, fell 0.08% month on month, while core retail, which excludes restaurants, declined 0.03%, according to the new CNBC/NRF Retail Monitor.
Persons: Australia's, Biden, Xi, Joe Biden, Xi Jinping, That'll, Exxon, Morgan Stanley Organizations: CNBC, Dow Jones, NRF, Exxon, Exxon Mobil Locations: Asia, Pacific, U.S, Arkansas
CNBC Daily Open: The Moody’s downgrade was a non-event
  + stars: | 2023-11-14 | by ( Yeo Boon Ping | ) www.cnbc.com   time to read: +3 min
In this article AMZNDISGSNFLXENR-DEXOM Follow your favorite stocks CREATE FREE ACCOUNTThe US Treasury building in Washington, DC, US, on Tuesday, Aug. 15, 2023. Nathan Howard | Bloomberg | Getty ImagesThis report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Investors, focused on the week ahead, are already shrugging off bad news from last week. On Friday, Moody's Investors Service cut its ratings outlook on the U.S. government from stable to negative.
Persons: Nathan Howard, Joe Biden, Xi Jinping, Fitch, Treasurys, There's, Michael Reynolds, Goldman Sachs, Peter Oppenheimer, Jeff Cox Organizations: Treasury, Bloomberg, Getty, CNBC, U.S, Investors, Moody's, Service, Poor's, Glenmede Investment Management, Dow Jones, Nasdaq, Reserve Locations: Washington , DC, Israel, U.S
This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Hawkish PowellIn a speech that carried broad hawkish overtones, Federal Reserve Chair Jerome Powell said the U.S. central bank is "not confident" monetary policy is "sufficiently restrictive to bring inflation down to 2 percent." Still, Powell acknowledged there's a "risk of overtightening," and said "monetary policy is generally working the way we think it should work." Both are economic giants that have yet to achieve their full potential, but hold promises for emerging market investors.
Persons: Hawkish Powell, Jerome Powell, Powell, there's, Hong, Wynn Macau, Tesla's, Tesla, SMIC Organizations: CNBC, Nasdaq, Wynn, HSBC Global, HSBC, Li Auto, Chinese Passenger Car Association Locations: U.S, Asia, Pacific, Tesla's, China, India,
CNBC Daily Open: Bond yields resurge on Powell’s speech
  + stars: | 2023-11-10 | by ( Yeo Boon Ping | ) www.cnbc.com   time to read: +2 min
Jerome Powell, Chairman of the U.S. Federal Reserve, speaks during the 24th Jacques Polak Annual Research Conference in Washington DC, United States on November 09, 2023. This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. But SoftBank still recorded a quarterly loss of 931.1 billion yen — that's around $6.2 billion — on the collapse of WeWork. [PRO] Higher than neutralThe Federal Reserve projects the U.S.' neutral interest rate — the so-called rate at which rates neither encourage nor constrict the economy — to be 2.5%.
Persons: Jerome Powell, Jacques Polak, Hawkish Powell, Powell, there's, Tesla, SoftBank, Goldman Sachs Organizations: U.S . Federal Reserve, Washington DC, CNBC, Nasdaq, AstraZeneca, Azelis, HSBC Global, HSBC, Fund, Federal Reserve Locations: Washington, United States, U.S, Belgian, Tesla's, SoftBank
CNBC Daily Open: Slowing demand means fewer revenue beats
  + stars: | 2023-11-09 | by ( Yeo Boon Ping | ) www.cnbc.com   time to read: +2 min
This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Disney pluses subscribersDisney's shares jumped around 3% in extended trading after the company reported quarterly earnings. But the firm's revenue fell short of estimates — its second consecutive miss — even as quarterly revenue increased 5% to $21.24 billion year on year. Weakness in ArmArm reported earnings for the first time after its initial public offering.
Persons: Organizations: CNBC, Dow Major, Dow Jones, Japan's Nikkei, China's National Bureau, Statistics, Disney, BNP, CNBC Pro Locations: Asia, Pacific, China
This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Streak continues, sans DowMajor U.S. indexes continued their blistering winning streak Wednesday — except for the Dow Jones Industrial Average, which snapped a seven-day streak. Weakness in ArmArm reported earnings for the first time after its initial public offering. Stock markets are enjoying their longest winning streak in two years.
Persons: Mickey, Minnie, Marks, Spencer, Organizations: Paris, CNBC, Dow Major, Dow Jones, Disney, UBS UBS, UBS, Credit Suisse Locations: Marne, Paris
Spencer Platt | Getty Images News | Getty ImagesThis report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Meanwhile, the 10-year Treasury yield fell around 10 basis points to 4.569% and the 2-year yield slipped 3 basis points to 4.915%. As Treasury yields serve as the benchmark for interest rates on loans and cash investments, sinking yields generally benefit rate-sensitive companies more. Both the economy and markets have truly acted in strange, unprecedented ways ever since the pandemic.
Persons: Spencer Platt, they're, WTI's, that's, Alastair Pinder, Austan Goolsbee, Organizations: New York Stock Exchange, Getty, CNBC, West Texas Intermediate, Brent, Treasury, Big Tech, Amazon, Nasdaq, Dow Jones, Dow, U.S . Federal, HSBC, Chicago Federal Locations: New York City, That's, Israel
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