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Search resuls for: "Treasury inched"


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CNBC Daily Open: Wall Street looks past political uncertainty
  + stars: | 2024-07-23 | by ( Abid Ali | ) www.cnbc.com   time to read: +3 min
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. Tech reboundThe S&P 500 posted its biggest gain since June 5, recovering from its worst weekly slide since April, as tech stocks rebounded led by Nvidia. The move allows Warner Bros. to retain some of its NBA broadcasting rights. However, the NBA may not want Warner Bros. as a media rights partner and could reject the company's matching rights, which could lead to a legal tussle.
Persons: Russell, CrowdStrike, George Kurtz, Mark Green, Andrew Garbarino, Berkshire Hathaway, Walter Cho, Joe Biden's, Kamala Harris Organizations: CNBC, Tech, Nvidia, Nasdaq, Dow Jones Industrial, Homeland Security, Microsoft, Delta Air Lines, Buffett, Warren, Bank of America, Apple, Boeing, Korean Air, Farnborough, NBA, Warner Bros, Discovery, National Basketball Association, Amazon Prime, Trump Locations: U.S, Berkshire
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. Wiz walks awayCloud security startup Wiz rejected a $23 billion acquisition offer from Google, opting instead to pursue an IPO. The move allows Warner Bros. to retain some of its NBA broadcasting rights. However, the NBA may not want Warner Bros. as a media rights partner and could reject the company's matching rights, which could lead to a legal tussle.
Persons: Kamala Harris, Russell, CrowdStrike, George Kurtz, Mark Green, Andrew Garbarino, Wiz, Hai Precision Industry —, Hong Organizations: New York Stock Exchange, CNBC, Tech, Nvidia, Nasdaq, Dow Jones Industrial, Homeland Security, Microsoft, Delta Air Lines, Google, NBA, Warner Bros, Discovery, National Basketball Association, Amazon Prime, Taiwan Semiconductor Manufacturing Corp, Hai Precision Industry, CSI, U.S Locations: New York City, U.S, Asia, Pacific, Taiwan
CNBC Daily Open: Roaring Kitty, Nike flops, inflation on deck
  + stars: | 2024-06-28 | by ( Abid Ali | ) www.cnbc.com   time to read: +3 min
A trader works on the floor of the New York Stock Exchange (NYSE) during morning trading on March 4, 2024 in New York City. 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. Nike warningShares of Nike plunged 12% in extended trading after the sneaker giant slashed its full-year guidance, anticipating a 10% drop in sales for the current quarter. Roaring Kitty, back againChewy shares experienced a rollercoaster ride on Thursday, soaring as much as 34% following a cryptic post by meme stock influencer Roaring Kitty, before falling back into negative territory.
Persons: Matthew Friend, Nike's, Tim Wentworth, Kitty, CNBC's Michelle Fox Organizations: New York Stock Exchange, CNBC, Dow Jones, Nasdaq, Micron, Nvidia, Treasury, Nike, Walgreens, BCA Research Locations: New York City, U.S, Israel, Lebanon, Greater China, China
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. What you need to know todayThe bottom lineSeptember's story hasn't changed: High yields and oil prices are dragging down stocks. Rising Treasury yields aren't the only costs weighing on the economy — oil prices are surging again. Even though September's already ending, things, as BTIG's Jonathan Krinsky puts it, "are likely to remain messy."
Persons: Brendan McDermid, Treasury inched, that's, John Chambers, September's, Jonathan Krinsky Organizations: HK, New York Stock Exchange, Reuters, CNBC, Treasury, hobbling, Federal, AAA, AA Locations: New York City, U.S
ET, the yield on the 10-year Treasury inched up by less than 1 basis point to 4.172%. The 2-year Treasury yield was trading up more than 3 basis point higher at 4.931%. U.S. Treasury yields were little changed Monday as investors digested the latest inflation data and looked ahead to key economic reports due throughout the week. Friday's producer price index for July had come in at 0.3% on a monthly basis, slightly higher than the 0.2% economists previously surveyed by Dow Jones had expected. Investors have been looking to inflation data for clues about whether the Fed will announce further interest rate increases or pause, or even end, its rate-hiking campaign.
Persons: Treasury inched, Dow Jones Organizations: Treasury, U.S, Investors, Federal Reserve, Fed
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