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☆ Here are Big Tech's winners and losers from Donald Trump's win, according to the market
▼ + stars: | 2024-11-07 | by ( Alistair Barr | ) www.businessinsider.com time to read: +5 min

Donald Trump's election win boosted tech stocks the next day, with Tesla leading the gains. Trump's past policies reshaped tech; his second term may impact Big Tech similarly. So what has the stock market told us so far about which Big Tech companies might be winners and losers during a Trump second term? Google gainsGoogle is somewhat surprising as a big stock gainer in the past two trading days. 'Shock absorber for the consumer'Slowinski highlighted other Big Tech stocks this week in his note to investors.

Persons: Donald Trump's, Tesla, —, Donald Trump, Trump, Tim Cook, Ben Thompson, TSMC, Elon Musk, Elon, Ana Altchek, Stefan Slowinski, Mark Zuckerberg, Slowinski, Thompson, Slowinsky Organizations: Big Tech, Service, Trump, Apple, Google, Alphabet, BNP, Trump's, Democratic, Meta, Amazon, Microsoft Locations: China, Taiwan, Stratechery, North America

☆ 'This was indeed a strong quarter for us,' BNP Paribas CFO says
▼ + stars: | 2024-10-31 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email'This was indeed a strong quarter for us,' BNP Paribas CFO saysLars Machenil, chief financial officer at BNP Paribas, discusses the lender's 2024 third-quarter results.

Persons: Lars Machenil Organizations: BNP

☆ Swiss bank UBS smashes third-quarter expectations with $1.4 billion in profit
▼ + stars: | 2024-10-30 | by ( Ruxandra Iordache | ) www.cnbc.com time to read: +2 min

Swiss banking titan UBS on Wednesday posted a large profit beat, after completing its first wave of client migrations following its integration of collapsed domestic rival Credit Suisse. Net profit attributable to shareholders came in at $1.43 billion, compared with a mean forecast of $667.5 million in a LSEG poll of analysts. UBS defends it is not "too big to fail." UBS still faces the lofty tasks of integrating its IT system with that of Credit Suisse, along with migrating clients — with the latter transition set to take around 18 months, Reuters reported earlier this month. The UBS results come after the profit beat of Germany's largest lender Deutsche Bank last Wednesday and join this week's spate of third-quarter reports from European lenders, including from BNP Paribas and Santander.

Persons: Sergio Ermotti, Goldman Sachs, Morgan Stanley Organizations: UBS, Wednesday, Credit Suisse, Credit Suisse —, Reuters, Swiss National Bank —, Deutsche Bank, BNP Paribas, Santander

☆ Google's been on an efficiency drive. Its new CFO said it can 'push a little further.'
▼ + stars: | 2024-10-29 | by ( Hugh Langley | ) www.businessinsider.com time to read: +3 min

Google's new CFO, Anat Ashkenazi, signaled the company can do more to save money and move faster. She said leaders had done good work cutting costs, and they could "push a little further." Google is ramping up its spending on AI, and Wall Street analysts want more details. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Ashkenazi name-checked Google CEO Sundar Pichai and former CFO Ruth Porat for doing "really good work" in starting to rework Google's cost base.

Persons: Anat Ashkenazi, —, Sundar Pichai, Ruth Porat, Ashkenazi, Mark Mahaney, Pichai, Sundar Organizations: Google, Wall Street, Service, BNP

☆ China needs to fix problems in its property sector to restore confidence, strategist says
▼ + stars: | 2024-10-21 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailChina needs to fix problems in its property sector to restore confidence, strategist saysDaniel Morris, chief market strategist at BNP Paribas Asset Management, discusses the valuation of U.S. stocks and the impact of China’s stimulus measures.

Persons: Daniel Morris Organizations: China, Asset Management

☆ Oil can go back to the low 70's with de-escalation in the Middle East, says strategist
▼ + stars: | 2024-10-16 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailOil can go back to the low 70's with de-escalation in the Middle East, says strategistAldo Spanjer, senior commodities desk strategist at BNP Paribas Markets 360, discusses oil prices amid conflict in the Middle East and weakening demand from China.

Persons: Aldo Spanjer Organizations: BNP Locations: China

☆ China's stimulus has improved backdrop for European stocks, strategist says
▼ + stars: | 2024-10-16 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailChina's stimulus has improved backdrop for European stocks, strategist saysBenedicte Lowe, equity and derivatives strategist for Europe at BNP Paribas, comments on the outlook for European equity markets and the impact of Chinese stimulus.

Persons: Benedicte Lowe Organizations: BNP

☆ In the short-term, tactical trading of China markets appropriate: BNP
▼ + stars: | 2024-10-15 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailIn the short-term, tactical trading of China markets is appropriate: BNP Paribas Asset ManagementChi Lo of BNP Paribas Asset Management says the markets will remain volatile while waiting to see evidence that Beijing is serious in it's support of China's economy.

Persons: Asset Management Chi Lo Organizations: BNP, Asset Management Chi, Management Locations: China, Beijing

☆ How to play AI in a cheaper way without owning stocks like Nvidia, according to a fund manager
▼ + stars: | 2024-10-11 | by ( Weizhen Tan | Nicole Teo | ) www.cnbc.com time to read: +2 min

Buying shares of Nvidia or other semiconductor and Big Tech stocks is just one way to play the artificial intelligence theme. There's a cheaper way to play it, Sean Peche of Ranmore Fund Management told CNBC Pro Talks last week. "Most investors over the last couple of years have thought that the only way to play AI is to own Nvidia and a few of the other peers," the portfolio manager said. AI is going to help these banks, but investors are "not paying for" the AI factor given that these stocks are trading at only six times earnings, he pointed out. Shares of Nvidia are trading at around 57 times earnings.

Persons: Sean Peche, Peche, You've, it's, I've, Unicredit Organizations: Nvidia, Big Tech, Ranmore Fund Management, CNBC, BNP Paribas, ABN Amro, UniCredit

☆ China focusing more on boosting consumer demand would be a 'good sign': strategist
▼ + stars: | 2024-10-11 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailChina focusing more on boosting consumer demand would be a 'good sign': strategistSophie Huynh, senior cross asset strategist at BNP Paribas Asset Management, says that if you're looking for a place to invest by the end of the year, China makes sense.

Persons: Sophie Huynh Organizations: China, Asset Management Locations: China

☆ China’s economy is in bad shape. Can its ‘whatever-it-takes’ stimulus effort turn things around?
▼ + stars: | 2024-10-06 | by ( Juliana Liu | ) edition.cnn.com time to read: +8 min

The stimulus measures should have come far sooner, says Lun, but better late than never. Beijing has largely held back on unveiling fiscal measures, which can include the use of taxation or other measures to impact public spending. Another one trillion yuan may be set aside for recapitalizing banks or helping indebted local governments to issue bonds. Jia said China’s economy had expanded sufficiently since then to support the issuance of Treasury bond financing between four trillion to 10 trillion yuan. Any meaningful stimulus measures must tackle the problem of oversupply in the property market, experts said.

Persons: Francis Lun, he’s, Lun, ”, we’re, Juliana Liu, Ray Dalio, Pan Gongsheng, Li Yunze, Wu Qing, Pan, Jing Liu, it’s, Xi, Jia Kang, Jia, Chi Lo Organizations: Hong Kong CNN —, Index, CNN, Geo Securities, Nikko Asset Management, Bridgewater Associates, National Development Reform Commission, People’s Bank of China, Financial Regulatory, China Securities Regulatory, HSBC, Reuters, Ministry, Finance, Ministry of Finance, China Academy of New, Barclays, BNP, Management Locations: China, Hong Kong, Causeway, Beijing, Renhuai

☆ China stimulus impact is positive for regional funds in Europe and China, says strategist
▼ + stars: | 2024-10-04 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailChina stimulus impact is positive for regional funds in Europe and China, says strategistKhalil El Adi, equity and derivatives strategist for Europe at BNP Paribas Markets 360, discusses the impact of China's stimulus on European funds.

Persons: Khalil El Adi Organizations: BNP Locations: Europe, China

☆ France's biggest lender says there are 'too many' European banks as UniCredit moves on Commerzbank
▼ + stars: | 2024-09-26 | by ( Sam Meredith | In Samuelmeredith | ) www.cnbc.com time to read: +2 min

A sign on the exterior of a BNP Paribas SA bank branch in Paris, France, on Friday, Aug. 2, 2024. France's BNP Paribas on Thursday said there are simply too many European lenders for the region to be able to compete with rivals from the U.S. and Asia, calling for the creation of more homegrown heavyweight banking champions. Milan-based UniCredit has ratcheted up the pressure on Frankfurt-based Commerzbank in recent weeks as it seeks to become the biggest investor in Germany's second-largest lender with a 21% stake. UniCredit, which took a 9% stake in Commerzbank earlier this month, appears to have caught German authorities off guard with the potential multibillion-euro merger. Germany's position on UniCredit's swoop has prompted some to accuse Berlin of favoring European banking integration only on its own terms.

Persons: CNBC's Charlotte Reed, Lars Machenil, Germany's Commerzbank, Machenil, Olaf Scholz, Scholz, Berlin Organizations: BNP, SA, Bank of America Financials, Spain's BBVA, Banco Sabadell Locations: Paris, France, U.S, Asia, Europe, Milan, Frankfurt, Germany's

☆ BNP Paribas CFO says AXA fund ‘is a really good fit’ for the French bank
▼ + stars: | 2024-09-26 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBNP Paribas CFO says AXA fund ‘is a really good fit’ for the French bankBNP Paribas Chief Financial Officer Lars Machenil discusses the bank’s strategy and its push to buy the investment business of insurer AXA.

Persons: Lars Machenil Organizations: BNP, AXA, ‘

☆ Chinese yuan hits strongest level against the dollar in over 16 months as investors assess PBOC stimulus
▼ + stars: | 2024-09-25 | by ( Lee Ying Shan | In Ying-Shan-Lee | ) www.cnbc.com time to read: +3 min

The Chinese yuan has weakened sharply against the U.S. dollar in the last several weeks as the greenback strengthens and investors worry about China's economic growth. China's yuan hit its strongest level in over 16 months on Wednesday after Beijing unveiled a slate of stimulus measures to shore up the slowing economy on Tuesday. The Chinese offshore yuan strengthened briefly to 6.9946 per dollar, the strongest since May 2023. China's onshore yuan is currently trading at 7.0319 against the greenback, also holding at the strongest levels since last May. China bonds rallied after the PBOC announcement with 10-year and 30-year yields hitting record lows.

Persons: Ben Emons, Edmund Goh, Zerlina Zeng, CreditSights, Pan Gongsheng, Emons, Hong, — CNBC's Evelyn Cheng Organizations: U.S, Beijing, greenback, Fed Watch, BNP, U.S ., Asia Credit, People's Bank of China Gov, CSI Locations: China, abrdn, Hong Kong, London, Singapore, New York

☆ Seeing no US recession as equity market rally broadens out: CIO
▼ + stars: | 2024-09-24 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSeeing no US recession as equity market rally broadens out: CIOPrashant Bhayani of BNP Paribas Wealth Management says U.S data paints a mixed picture but do not signal a recession, as equity markets continue to rally and credit spreads remain tight.

Persons: Prashant Bhayani Organizations: BNP, Wealth Management

☆ Wall Street warms to nuclear power as banks including Goldman Sachs reportedly back new push
▼ + stars: | 2024-09-23 | by ( Tom Carter | ) www.businessinsider.com time to read: +3 min

Read previewBig Tech is getting excited about nuclear power — and now Wall Street wants a piece of the action. However, their involvement could be crucial in helping meet the emissions target laid out in last year's COP28 climate conference and revive the nuclear energy sector. AdvertisementThat might soon change, and it's not just Wall Street getting more interested in nuclear power. Meanwhile, TerraPower, a company cofounded by Bill Gates, is planning a new nuclear power plant in Wyoming. AdvertisementGoldman Sachs, Morgan Stanley, Bank of America, Barclays, BNP Paribas, did not immediately respond to requests for comment from Business Insider, sent outside normal working hours.

Persons: —, Goldman Sachs, Morgan Stanley, Nuclear's, it's, OpenAI, Larry Ellison, We've, they've, Bill Gates Organizations: Service, Tech, Bank of America, Financial Times, Business, Citi, Barclays, BNP, US, Nuclear, Big Tech, Microsoft, ChatGPT, Oracle, Royce Locations: New York, Wyoming

☆ The Fed surprised many investors with a jumbo rate cut this week. It won’t get much easier to predict the next move
▼ + stars: | 2024-09-20 | by ( Elisabeth Buchwald | ) edition.cnn.com time to read: +6 min

But Wall Street was mostly clueless this week when it came to predicting how big a rate cut the Fed would deliver on Wednesday. The jumbo half-point cut the Fed ultimately rolled out was not at all what traders expected a week ago. Powell: Fed officials ‘left the size of the rate cut open’ ahead of September meetingIn a closely watched speech at the Fed’s annual economic symposium in Jackson Hole, Wyoming, last month, Powell declared “the time has come” to cut interest rates. That data was apparently enough to spur some Fed officials to reconsider their position. “But we do not expect Fed officials to be intentionally opaque,” said Husby.

Persons: Jerome Powell, Powell, ‘, “, Price, Christopher Waller, ”, Powell’s, Thomas Simons, ” Simons, Michelle Bowman, “ We’re, Andrew Husby, Waller, there’s Organizations: New, New York CNN — Federal, Fed, PPI, CNBC, Jefferies, BNP Locations: New York, Jackson Hole , Wyoming

☆ Slowinski: Oracle's cloud growth is strong, while Salesforce and Workday face weaker demand.
▼ + stars: | 2024-09-17 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSlowinski: Oracle's cloud growth is strong, while Salesforce and Workday face weaker demand. Stefan Slowinski, Global Head of Software Research at BNP Paribas, believes Salesforce's Dreamforce event, despite its significance, won't significantly impact the stock due to ongoing uncertainty in its AI strategy and leadership changes.

Persons: Stefan Slowinski, Salesforce's Organizations: Software Research, BNP

☆ China policymakers' key challenge is presenting measures in a 'coordinated' way: Strategist
▼ + stars: | 2024-09-13 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailChina policymakers' key challenge is presenting measures in a 'coordinated' way: StrategistJason Lui, head of Asia-Pacific equity and derivative strategy at BNP Paribas, discusses the outlook for China's economy, saying policymakers' key challenge is presenting measures in a coordinated way so that the market gains more confidence.

Persons: Jason Lui Organizations: China, BNP Locations: Asia, Pacific

☆ BNP Paribas: "a lot of value" in Indian large-caps
▼ + stars: | 2024-09-11 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBNP Paribas: "a lot of value" in Indian large-capsBNP Paribas' Kunal Vora sees very favorable macroeconomic conditions in India supporting growth in equities. He sees more value in large-cap stocks.

Persons: Kunal Vora Organizations: BNP Locations: India

☆ 3 ways Wall Street's largest banks are leveraging AI to increase profitability
▼ + stars: | 2024-09-07 | by ( Morgan Chittum | ) www.cnbc.com time to read: +8 min

Over the past year, Wall Street's largest names — including Goldman Sachs , Bank of America , Morgan Stanley , Wells Fargo to JPMorgan Chase — ramped up their generative artificial intelligence efforts with the aim of boosting profits. MS YTD mountain Morgan Stanley YTD AI use cases for key businesses Morgan Stanley was among the first on Wall Street to publicly embrace the technology, unveiling two AI assistants for financial advisors powered by OpenAI. Launched in September 2023, the AI @ Morgan Stanley Assistant gives advisors and their staff quick answers to questions regarding the market, investment recommendations, and various internal processes. If it does, that would be welcome news for shareholders after Morgan Stanley's wealth segment missed analysts' revenue expectations in the second quarter . However, As long as these costs don't outweigh return on investment (ROI), we're happy with Wells Fargo and Morgan Stanley's moves to innovate.

Persons: Goldman Sachs, Morgan Stanley, Wells, JPMorgan Chase — ramped, Jamie Dimon, Alexandra Mousavizadeh, OpenAI's ChatGPT, Jeff McMillan, Morgan, McMillan, It's, Morgan Stanley's, Evident's Mousavizadeh, Banks, Mousavizadeh, Tracy Kerrins, Morgan Stanley's McMillan, He's, Morgan Stanley's OpenAI, Teresa Heitsenrether, Jim Cramer's, Jim Cramer, Jim Organizations: Bank of America, JPMorgan, Citi, Microsoft, Nvidia, OpenAI, CNBC, Google, Deutsche Bank, BNP, Mistral, TD Bank Group, Big, Wall, New York Stock Exchange, Bloomberg, Getty Locations: Wells Fargo, Silicon, management's, Wells, New York

☆ Our allocations are overweight equities: BNP Paribas Asset Management
▼ + stars: | 2024-08-05 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailOur allocations are overweight equities: BNP Paribas Asset ManagementDaniel Morris, chief market strategist at BNP Paribas Asset Management, discusses the outlook for the U.S. economy.

Persons: Management Daniel Morris Organizations: Management, Asset Management Locations: U.S

☆ ASML remains one of our top AI calls, strategist says
▼ + stars: | 2024-07-30 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailASML remains one of our top AI calls, strategist saysGeorges Debbas, head of European equity and derivatives strategy at BNP Paribas Markets, comments on what's spooking investors when it comes to artificial intelligence and big tech trades, and why ASML remains one of his largest calls.

Persons: Georges Debbas Organizations: BNP

☆ Cross-selling between divisions is main driver of growth, BNP Paribas CFO says
▼ + stars: | 2024-07-24 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCross-selling between divisions is main driver of growth, BNP Paribas CFO saysLars Machenil, CFO at BNP Paribas, talks through the French bank's second quarter earnings.

Persons: Lars Machenil Organizations: BNP

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