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CNBC Daily Open: Tech firms take center stage
  + stars: | 2024-12-10 | by ( Lim Hui Jie | ) www.cnbc.com   time to read: +2 min
(Photo by Dominika Zarzycka/NurPhoto via Getty Images)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. Nvidia shares fall after China opens investigationShares of artificial intelligence darling Nvidia were under pressure after a regulator in China said it was investigating the chipmaker over possible violations of the country's antimonopoly law. Most Asia markets gain, breaking ranks with Wall StreetMost markets rose in Asia, shrugging off the weaker close overnight on Wall Street. The S&P 500 and Nasdaq Composite pulled back from record highs Monday, with tech shares lagging.
Persons: Dominika Zarzycka, Luigi Mangione, Brian Thompson, Mangione, shrugging, Korea's Kospi Organizations: Nvidia, Getty, CNBC, UnitedHealthcare, University, Pennsylvania, Nasdaq, Dow Jones Locations: China, Asia
CNN —An armored vehicle belonging to the UN’s atomic watchdog was hit by a drone strike on its way to inspect a Ukrainian nuclear power plant on Tuesday, in an attack President Volodymyr Zelensky has blamed on Russia. “The driver of a second IAEA vehicle in the convoy saw the Kamikaze drone coming from behind and slamming into the targeted vehicle,” the agency said. “I have said in the past that attacking a nuclear power plant is a no-go. Attacking those who care for the nuclear safety and security of these plants is also absolutely unacceptable,” he said. Following the drone strike Tuesday, the IAEA said its personnel eventually reached the nuclear plant to complete a staff rotation.
Persons: Volodymyr Zelensky, Zelensky, ” Zelensky, Rafael Mariano Grossi, , Organizations: CNN, International Atomic Energy Agency, IAEA Locations: Ukrainian, Russia, Ukraine, Moscow
Housing around the world is the most unaffordable it's been in decades, the IMF said. AdvertisementHousing affordability is lower than levels recorded prior to the 2008 financial crisis, according to a new analysis of 2023 housing data. In the US, mortgage rates have climbed in recent years, influenced by the Fed's rate-hiking cycle as it fought high inflation. AdvertisementZillow thinks home prices could rise 2.6% in 2025, while mortgage rates could remain elevated, but see "choppy" swings. Redfin, meanwhile, saw home prices rising another 4% next year, while mortgage rates remain stuck near 7%.
Persons: it's, , Fu, Deniz Igan, Freddie Mac, Igan, Zillow, Redfin Organizations: Monetary, IMF, IMF's Finance, Development
Newly captured satellite imagery shows what the Russian military in Syria is doing following the collapse of the Assad regime. Satellite image ©2024 Maxar TechnologiesCrowds and traffic at the civilian airport adjacent to Khmeimim on December 9. Satellite image ©2024 Maxar TechnologiesIt is unclear at this time if assets have already left and whether Russia will hold its position at this base. Satellite image ©2024 Maxar TechnologiesThe vessels are missing in this December 10 image. Satellite image ©2024 Maxar TechnologiesAnother Russian frigate was spotted off the coast of Syria on December 10.
Persons: Assad, Syria's, Bashar Assad, Al Organizations: Russian, Maxar Technologies, Business, Ukraine, Assad International Airport, BI, Institute for Locations: Syria, Russia, Tartus, Damascus, Moscow, Ukraine, Africa, Latakia, Khmeimim, Russian, US
Although Gordon Ramsay's exact net worth is unknown, he is estimated to be a multimillionaire. Ramsay has over 80 restaurants worldwide and stars in several hit shows on Fox. AdvertisementWith numerous Michelin stars and several TV shows, British chef Gordon Ramsay has cemented himself as one of the most well-known celebrities in the food scene. Although his net worth isn't confirmed, Forbes estimated he was worth $70 million as of 2020. From his projects as a chef to his career as a television personality, here's a breakdown of the empire Ramsay has built.
Persons: Gordon, Ramsay, Gordon Ramsay, isn't, Forbes Organizations: Fox, Michelin, Forbes Locations: British
Madrid, Spain. After doing some research, about a month later, I found a teaching English program in Madrid and decided, "I'm going to do that." Courtesy of Kenzie WallaceI moved to the country on an English teaching visa through Spain's language assistant program. I have working rights now through a partnership visa, so I no longer have to worry about the restrictions of an English teaching visa. I don't plan to move back to the USThere are a few major reasons I don't plan on moving back to the States.
Persons: Kenzie Wallace, hadn't, Vicente Méndez, You've, Wallace, Idealista, it's, I'm, We've, we're, We're, Alexander Spatari, I've Organizations: University of California, Starbucks, Facebook, Madrid, Madrid I've, Business, Language College Spain, Locations: California, Spain, San Diego, Santa Barbara, Madrid, Spanish, It's, Granada, States
In the US: Call or text 988, the Suicide & Crisis Lifeline. Seoul, South Korea CNN —Former South Korean Defense Minister Kim Yong-hyun has attempted to end his own life while in custody, the commissioner general of Korea Correctional Service said Wednesday. Kim was detained in Seoul on Sunday, days after President Yoon Suk Yeol’s stunning but short-lived declaration of martial law sparked a political crisis and widespread public anger in the country. Kim allegedly recommended the imposition of martial law and was the first figure detained over the case. Shin Yong-hae, the Commissioner General of Korea Correctional Service, said Kim made the attempt before a formal arrest warrant was issued late Tuesday.
Persons: Kim Yong, hyun, Kim, Yoon Suk, Shin Yong, Shin Organizations: International Association for Suicide Prevention, Befrienders, South Korea CNN — Former South Korean Defense, Korea Correctional Service Locations: Seoul, South Korea
For example, it alleges that a Character.AI bot implied to a teen user that he could kill his parents for limiting his screentime. He began using the platform without the knowledge of his parents around April 2023, when he was 15, the suit claims. Friends and family described him as “kind and sweet.”But shortly after he began using the platform, J.F. She allegedly used the platform for almost two years before her parents discovered it. It also requests an order that would require Character.AI to warn parents and minor users that the “product is not suitable for minors.”
Persons: Edward Cullen, Twilight, , Character.AI, Noam Shazeer, Daniel De Freitas Adiwarsana, Chelsea Harrison, ” Harrison, Jose Castaneda, ” Castaneda, , , , J.F Organizations: International Association for Suicide Prevention, Befrienders, New York CNN, Character.AI, Prevention, Google Locations: New York, Texas, Florida, Character.AI
Saydnaya, Syria CNN —As Syrians rejoiced across the country this week, many began the frantic search for missing loved ones who had been forcibly disappeared under Bashar al-Assad’s brutal dictatorship. Crowds have descended on the notorious Saydnaya prison, which had become synonymous with arbitrary detention, torture and murder. People gather at the Saydnaya prison near Damascus, Syria, on December 9, 2024. For the sake of Allah, help them.”A long traffic jam as people gathered at the Saydnaya prison in Syria on December 9, 2024. People wait as the volunteer group Syrian Civil Defense investigated the inside of Saydnaya Prison after the fall of the Assad regime in Syria on December 9, 2024.
Persons: Bashar al, Omar Haj Kadour, Assad, Saydnaya, “ Allahu Akbar ”, Maysoon Labut, Labut, , , Allah, they’d, Mounir Al, Fakir, Anagha Subhash Nair, Suheil Hamawi, ” Hamawi, “ I’ve, ’ ” Hamawi Organizations: Syria CNN, Getty, Amnesty, CNN, Syrian Civil Defense, Anadolu, AFP Locations: Saydnaya, Syria, Damascus, AFP, Russia, Dara’a, Syrian, Lebanese, Chekka
CNN —Every winter, millions of monarch butterflies journey thousands of miles across North America to spend winters in the forests and mountains of central Mexico. The US Fish and Wildlife Service proposed listing the monarch butterfly as threatened with extinction under the Endangered Species Act. The butterfly’s eastern migratory population is estimated to have declined by roughly 80%, while the western migratory population plunged by more than 95% since the 1980s, according to US wildlife officials. Eduardo Rendón-Salinas, the lead of the monarch butterfly program for WWF-Mexico, previously told CNN that the climate crisis is a major contributing factor to the decline. Rendón-Salinas said what’s happening to monarch butterflies is representative of what pollinator species such as bees, birds and other butterflies face globally.
Persons: Eduardo Rendón, milkweed, Salinas, , Donald Trump —, Clay Bolt, ” Martha Williams, ” Williams Organizations: CNN, and Wildlife Service, International Union for Conservation, Nature, World Wildlife Fund, WWF, Wildlife, Locations: North America, Mexico, Salinas, California
1 disabled golfer Kipp Popert promised 12-year-old local talent Andreas Ma after a chipping class between rounds at the Hong Kong Open last month. Popert’s inclusion marked the first time in the tournament’s history that a disabled golfer teed off with the pros. 1 and current number two, blazed the trail as the first disabled golfer to turn pro in 2019 and the first golfer with a disability to compete on the European Tour. In what is a promising start, Lawlor helped to set up the first prize money invitational event for disabled golfers two years ago. “I could never look at any of (the able-bodied golfers) because they were so much more advanced than me at 16 years old.
Persons: , Kipp Popert, Andreas Ma, teed, Andreas, , Popert, ” Popert, Ma, Ike Li, Ike, Justin Rose, Tom Kim, it’s, , Lindsey, ” Richard, Kate McShane, Bobby Jones, grandad, , , ” Brendan Lawlor of Ireland, Lawlor, Kobe Bryant, Tiger Wood, Michael Jordan –, Archie Bruce, It’s, gesturing, ” Ma, Hong Kong Organizations: CNN, Hong, South, European, Kobe, Woburn Golf Club Locations: Hong Kong, South Korean, Woburn , England
But they also fear what could come from radical Islamists governing Syria, which borders Israel in the occupied Golan Heights. Images taken by an AFP journalist at Mezzeh Air Base southwest of Damascus also showed destroyed Syrian military helicopters. CNN could not independently confirm that claim, but the village lies in the Syrian foothills of Mount Hermon, which Israeli forces captured on Sunday. That zone was established in 1974, after Israeli forces – responding to a Syrian attack – captured the Golan Heights in 1967. Israeli officials have refused to give details on how far Israeli forces will advance, or how long they will stay there.
Persons: Assad, Benjamin Netanyahu, Bashar al, , Gideon Sa’ar, I’m, Omar Haj Kadour, Israel Katz, Ali Haj Suleiman, Israel, ” Katz, Mount Hermon, Netanyahu, , Danny Dannon, ” Eyad Kourdi, Dana Karni Organizations: CNN, Getty, Israeli Defense, Mezzeh, Base, Arab League, , Capital, Hermon, Sunday, United Nations, Security Locations: Israel, Syria, Iran, Lebanon, Golan Heights, Syrian, Damascus, AFP, Latakia, , Egypt, , Mount, Golan
These sects have coexisted in this region for hundreds of years, and no one has the right to eliminate them,” Jolani told CNN. For now, his leadership of HTS remains defined by military success, with the group growing into a formidable force against the Assad regime and its powerful backers, including Russia and Iran. Still, the question remains: Can HTS can evolve from a militant insurgency into a legitimate governing authority in post-Assad Syria? While the future of HTS and Syria remains uncertain, Jolani is steadfast. The rebel leader said Sunday there would be “no turning back” after toppling the Assad regime.
Persons: ” Jolani, Assad, , ” Charles Lister, Burcu, , Joe Biden, Pat McFadden, Jolani, Organizations: CNN, Middle East Institute, Royal United Services Institute, United Nations, Sky News, German Foreign Ministry, AFP, Reuters Locations: Syria’s, Syria, Russia, Iran, Turkish, Aleppo, Homs, Damascus, Assad Syria, London, Washington, United Kingdom
He did so as the rebels entered and seized Damascus, seemingly with little fightback from Assad’s government forces. Syria dominated international consciousness for almost a decade, its civil war erupting after Assad crushed peaceful protests during the region-wide 2011 Arab Spring. But until last month the conflict had been largely at a stalemate, after Assad’s forces regained control of much of the country. The conflict in Syria partly contributed to a wave of mass migration into Europe, met by a right-wing backlash across the continent that is still reverberating today. Much of this diaspora has also responded to Assad’s downfall with astonished glee, some rushing to return home.
Persons: Dimitry Peskov, Assad, Murat Sengul, gulags, Hayat Tahrir, Abu Mohammad al Organizations: Baath Party, Getty, UNHCR, Amnesty, Al, State Department Locations: Damascus, Aleppo, Hama, Russia, Ukraine, Iran, Israel, Moscow, Syria, U.S, Turkey, Iraq, Anadolu, Europe, London, Berlin, Germany, Al Qaeda
SEOUL, South Korea — The South Korean government on Monday ordered an overseas travel ban on President Yoon Suk Yeol as he faces investigation on possible rebellion charges over a short-lived martial law declaration that plunged the key U.S. ally into chaos last week. The martial law order banned all political activity and censored the news media. It was a shocking turn of events for South Korea, which spent decades under military-authoritarian rule before transitioning into a vibrant democracy and the world’s 10th-largest economy. Han also said investigations into Yoon’s martial law declaration would be conducted “rigorously, impartially and transparently” by the authorities. “President Yoon Seok Yeol must be immediately arrested, investigated and stripped of his military command authority,” senior Democratic lawmaker Kim Min-seok said Sunday.
Persons: Yoon Suk, Yoon, Lawmakers, Ezra Acayan, Yoon —, Han Dong, hoon, , , Han Duck, Han, Kim Yong, Lee Sang, ” Han, Yoon Seok, Kim Min, seok, Kim, Han Min, Stella Kim, Janis Mackey Frayer, Jennifer Jett Organizations: South, National Assembly, Lawmakers, People Power Party, U.S, Democratic Party, Democratic, NBC News Locations: SEOUL, South Korea, North Korea, Korea, Seoul, United States, Japan, Hong Kong
Mexican National Guard members detained a man Sunday morning after he attempted to divert a domestic Mexican flight to the United States. According to the Mexican Secretary of Security and Citizen Protection, a man assaulted a flight attendant on Volaris Flight 3041, en route from Guanajuato to Tijuana, and tried to enter the cockpit. Crew members subdued the man and the pilot issued an alert code to land at Guadalajara International Airport, where the man was handed over to authorities, the Mexican Secretary of Security and Citizen Protection said. The 31-year-old man is a Mexican national who was traveling with his wife and two children, officials said. The Mexican Secretary of Security and Citizen Protection said the man told airline personnel that a close relative was kidnapped and that received a threat that he would die if he went to Tijuana.
Persons: Volaris, Citizen Protection, General’s Organizations: National Guard, Citizen, Guadalajara International Airport, Citizen Protection, Federal Public Ministry Locations: Mexican, United States, Guanajuato, Tijuana
Rebels toppled the Assad regime in Syria after a brutal 13-year civil war. "With the overthrow of Assad, Iran has been dealt a strategic blow, meeting overarching US objectives to diminish and dismantle Iran's so-called axis of resistance," she said. The US provided training and support for some rebel groups, notably Kurdish militias and moderate groups, but stopped short of direct involvement in the conflict. Both countries will likely act "swiftly" to strike favorable deals with emerging power brokers in Syria, he said. AdvertisementHowever, he said another risk is that Syria breaks into territories controlled by competing militias and warlords, which he said would turn Syria into a potential base for terrorist activities.
Persons: Assad, Tahrir, Sham, Bashar Assad, Joe Biden, Burcu Ozcelik, Chris Doyle, it's, Ammar Hatib, Andreas Krieg, Mohammed Albasha, Basha, Assad's deposal, Abu Mohammad al, Abu Mohammed al, ABDULAZIZ KETAZ, United Nations —, Donald Trump, Edmund Fitton, Brown, al Organizations: Rebels, Middle East Security, Royal United Services Institute, Council, ISIS, Islamic State, US, Getty, Institute of Middle Eastern, King's College London, Royal United Services Institute's, Al, United Nations, American, Counter, University of Kent Locations: Syria, Iran, Iran's, British, Turkey, Russia, West, Kurdish, Hama, Anadolu, Gulf, Virginia, East, Israel, Assad Syria, Tehran, Moscow, Hayat Tahrir, Al Qaeda, Iraq, Umayyad, AFP, Idlib Province, Washington, Idlib, al Qaeda
Coming from a carefree youth setting to stepping into the workforce and adjusting to a 9-5 schedule took some time. AdvertisementAs I work mostly with US clients now, I tend to work during the evenings, leading to late nights. Once my kids and my husband are out for their day, I try to get a few hours of sleep. Some feel that the online world where I work is not a "real" job and don't seek to understand it. These women have become friends and helped me feel less alone.
Persons: Rebecca Vijay, I, Grace Creatives, it's, I'm, I've, they've, Lauryn Haas Organizations: Oxford University Press, lhaas Locations: New Delhi
Investors looking for a little extra yield from corporate bonds should consider adding exposure to Europe instead of the U.S., according to BlackRock. However, the bond market in Europe seems to be in good shape despite that, said Amanda Lynam, head of macro credit research. "European credit has held in remarkably well both relative to the U.S. but also, within European credit, high yield has outperformed [investment grade]. There are some "structural tailwinds" in the European debt market, Lynam said. Investors could also look for active funds where the managers share BlackRock's view and are adding exposure to European debt.
Persons: Amanda Lynam, Lynam, Wei Li, HYXU Organizations: BlackRock Investment Institute, U.S, BlackRock, U.S ., European Central Bank, SPDR Bloomberg, Corporate Bond, SEC Locations: Europe, U.S, BlackRock
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTravel recovery is ending — and a new era of growth is beginningInternational arrivals are set to fully recover from the Covid-19 pandemic this month, according to UN Tourism, marking the end of the travel recovery era and ushering in a new age of global growth.
Organizations: UN
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSouth Korea's political uncertainty distracts from other economic challenges: Former trade ministerYeo Han-Koo, senior fellow at the Peterson Institute for International Economics and former South Korean trade minister, discusses South Korea's recent political turmoil and what it could mean for the economy.
Persons: Yeo Han, Koo Organizations: Peterson Institute for International Economics, South Locations: South Korean
People stand in front of a Reserve Bank of India logo at the Global Fintech Fest in Mumbai, India, 5 September, 2023. India has appointed Revenue Secretary Sanjay Malhotra as governor of the country's central bank for a three-year period, according to CNBC TV18. He will on Tuesday take over from outgoing Governor Shaktikanta Das, who also served as secretary in the Ministry of Finance before his six-year stint with the Reserve Bank of India (RBI). Malhotra is set to take over at a critical time for the world's third-largest economy, which is attempting to contain rising inflation without impairing growth. Last week, the central bank opted to keep interest rates unchanged at 6.5% after inflation surged to a 14-month high of 6.21% in October — above the central bank's 4% target and 6% tolerance ceiling.
Persons: Sanjay Malhotra, Shaktikanta Das, Das, Malhotra, — CNBC's Ganesh Rao Organizations: Reserve Bank of, Global, CNBC TV18, Ministry of Finance, Reserve Bank of India, Monetary Fund Locations: Reserve Bank of India, Mumbai, India,
It was normal for kids to leave school in grade 10 or 11, get a job, get married, and have a baby. I started working three jobs when I left school: at the local vineyard, in retail, and at a pub. Despite not having a high school or college degree, I started working for a major international corporation and climbed the corporate ladder. The business started having $100,000 AUD (about $65,000 USD) months and never went back. Both my kids, who are 12 and 10, are enrolled in a business school for kids that teaches them about founding companies.
Persons: Sophie Musumeci, it's, we're Organizations: Real, New, Nintendo Locations: South Australia, Gold, Australia, Sydney, 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. South Korea's president survives impeachment voteSouth Korean president Yoon Seok Yeol has survived an impeachment vote over the weekend after his ruling People's Power Party boycotted the vote. Court upholds law ordering TikTok sale in U.S.A federal appeals court upheld a law requiring China-based ByteDance to sell social media app TikTok next month or face an effective ban in the U.S. TikTok said that it will ask the U.S. Supreme Court to overturn the appeals court decision.
Persons: Bashar al, Assad, Syria's Assad, Bashar Al, Yoon Seok Yeol, TikTok Organizations: CNBC, Tass, RIA, South, People's Power Party, U.S, Supreme, Nasdaq, Federal Reserve, Dow Jones Locations: Hama's, Russia, Damascus, Syria, China, U.S
Apple has topped the Drucker Institute's annual ranking of the 250 best-managed companies in the USFellow tech giants Nvidia, Microsoft, and Intel all made the top 10. CEO Tim Cook has shepherded Apple to the top of the Drucker Institute's 2024 ranking of America's best-run companies. Nic Coury / AFP via Getty ImagesApple's innovation score in the Drucker Institute's ranking helped boost it to the top spot. In the top 25 of the ranking, only Apple, Microsoft, Amazon, and Walmart scored higher than 90 points for innovation. Alongside a high score for innovation, Apple also ranked second highest in the ranking for its financial performance.
Persons: Drucker, America's, Tim Cook's, Johnson, Philip Morris, Tim Cook, Nic Coury Organizations: Apple, Nvidia, Microsoft, Intel, Drucker, Adobe, Mastercard, Johnson, Procter, Gamble, Philip Morris International, Drucker Institute, New York Stock Exchange, Nasdaq, Market, Getty, Walmart, Apple Intelligence Locations: AFP, Cupertino
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