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☆ CNBC Daily Open: Markets shrug off inflation warnings
▼ + stars: | 2025-01-09 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

Jerome Powell, chairman of the U.S. Federal Reserve, at a news conference after a Federal Open Market Committee meeting in Washington, D.C., on Dec. 18, 2024. This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Fed cautious about inflation and Trump's policiesAt their December meeting, U.S. Federal Reserve officials expressed concern that inflation would stubbornly remain above the central bank's 2% target, and over the possible impact of U.S. President-elect Donald Trump's policies. A Bank of America strategist explains why the benchmark, which comprises the smallest 2,000 stocks in the Russell Index, ran into obstacles in December and might see further trouble ahead.

Persons: Jerome Powell, Donald Trump's, Jensen Huang, Alan Baratz, Huang, Baratz, Russell Organizations: U.S . Federal, Washington , D.C, CNBC, Federal, Treasury, European Commission, Royce, Bank of America Locations: Washington ,

☆ Nvidia's Jensen Huang is 'dead wrong' about quantum computers, D-Wave CEO says
▼ + stars: | 2025-01-08 | by ( Kif Leswing | ) www.nbcnews.com time to read: +3 min

D-Wave Quantum CEO Alan Baratz said Nvidia’s Jensen Huang is “dead wrong” about quantum computing after comments from the head of the chip giant spooked Wall Street on Wednesday. Huang was asked on Tuesday about Nvidia’s strategy for quantum computing. Getting “very useful quantum computers” to market could take 15 to 30 years, Huang told analysts. Quantum computing promises to solve problems that are difficult for current processors, such as decoding encryption, generating random numbers and large-scale simulations. While Huang’s “comments may not be totally off-base for gate model quantum computers, well, they are 100% off base for annealing quantum computers,” Baratz said.

Persons: Alan Baratz, Nvidia’s Jensen Huang, Huang, Huang’s, “, ” Baratz, CNBC’s Deidre, ”, IonQ, Baratz, l’ll, Jensen Organizations: Nvidia, Mastercard, Japan’s NTT Docomo, Microsoft, IBM, Google, Computing

☆ Thursday’s big stock stories: What’s likely to move the market in the next trading session
▼ + stars: | 2025-01-08 | by ( Jason Gewirtz | ) www.cnbc.com time to read: +2 min

Here's what CNBC TV's producers were watching as the S & P 500 eked out a narrow gain on Wednesday, and what's on the radar. The SPDR S & P Regional Banking ETF (KRE) is on pace for seven straight down weeks — the first time it has happened since 2015. KRE is 14% from the 52-week high hit in November. The SPDR S & P Bank ETF (KBE) is on track for its sixth straight weekly loss. CNBC stock man Tom Rotunno started watching these quantum stocks fall last night.

Persons: Jimmy Carter, Nick Wells, Adrian van Hauwermeiren, Jensen Huang, Alan Baratz, CNBC's Deirdre Bosa, Huang, Tom Rotunno, IonQ Organizations: CNBC, New York Stock Exchange, Regional Banking, Flagstar, P Bank ETF, Rocket Companies, Triumph Financial, Voya, JPMorgan, Bank of America, Citigroup, eBay, Treasury, Nvidia, Rigetti, Computing Locations: KRE, Wells Fargo, US10Y

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