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☆ Gulf stocks mixed amid rate hike woes; Egypt outperforms
▼ + stars: | 2023-09-24 | by ( Shamsuddin Mohd | ) www.reuters.com time to read: +1 min

The Qatari benchmark stock index (.QSI) fell 0.3%, dragged down by almost all the sectors with financials leading the declines. Qatar National Bank (QNBK.QA), the Gulf's biggest lender, was down 0.7% while heavyweight Commercial Bank (COMB.QA) dropped 1.3%. Kuwait's premier market index (.BKP) fell 1.6%, its 7th consecutive session of losses, as most of its constituents were in negative territory. Outside the Gulf, Egypt's blue-chip index (.EGX30), closed up 0.6%, hitting an all-time high. Reporting by Shamsuddin Mohd in Bengaluru; Editing by Emelia Sithole-MatariseOur Standards: The Thomson Reuters Trust Principles.

Persons: Shamsuddin, Emelia Sithole Organizations: Federal, Gulf Cooperation, greenback, Qatar National Bank, Commercial Bank, Chemical Industries, Misr Fertilizer, Stock, UAE bourse, Thomson Locations: Abu, Saudi Arabia, UAE, Bengaluru

☆ De-dollarization would require governments to sever political and economic ties with US
▼ + stars: | 2023-09-20 | by ( Filip De Mott | ) www.businessinsider.com time to read: +4 min

The dollar's dominance is sticky, political scientist Carla Norrlöf wrote in Project Syndicate. A de-dollarization collective is also unlikely as countries could lose access to the US security guarantee, Norrlöf said. "Governments would need to sever economic and political ties to the US. A de-dollarization collective is also unlikely as countries would lose access to the US security guarantee, Norrlöf said. Even governments who are not direct beneficiaries of American defense would hesitate to worsen relations with the US, a leading military power.

Persons: Carla Norrlöf, Norrlöf Organizations: Project Syndicate, Service, University of Toronto, Atlantic Council, greenback Locations: Wall, Silicon, China, Russia

☆ Sweden is the No. 1 country for affordability, safety and overall quality of life
▼ + stars: | 2023-09-17 | by ( Celia Fernandez | ) www.cnbc.com time to read: +2 min

U.S. News and World Report ranked the best countries in the world based on quality of life. U.S. News and World Report recently released its ranking of the best countries in the world based on quality of life. 1 country for quality of life: SwedenThe great square of Stortorget, in Gamla Stan Stockholm Sweden. After Sweden, Norway ranked as the second best country in the world for quality of life, according to the U.S. News and World Report. Canada ranked as the third best country based on quality of life, according to the U.S. News and World Report.

Persons: Michael Robinson, Alexander Spatari Organizations: . News, U.S . News, WPP, Wharton School, University of Pennsylvania, Gamla Stan Stockholm, Sweden Norway Canada, CIA, Getty, Canada Locations: U.S, Sweden, Gamla Stan, Gamla Stan Stockholm Sweden, Sweden Norway, Sweden Norway Canada Denmark Finland Switzerland Netherlands Australia Germany New Zealand Norway, Norway, United States, Canada

☆ One sector outperforms the stock market 100% of the time when an economic recovery begins, Bank of America says. Where to invest now, and 5 reasons why the downturn phase is over.
▼ + stars: | 2023-09-12 | by ( Mark Reeth | ) www.businessinsider.com time to read: +7 min

What happens to the US economy nextBank of America's economic indicator has made a sudden pivot upwards, from the lows of a "downturn" phase into the gradual strengthening of a "recovery" phase. Rising inflation indicates improving economic conditions. Rising inflation indicates improving economic conditions. A rising Z-Score indicates improving economic conditions. A rising Z-Score indicates improving economic conditions.

Persons: it's, Savita Subramanian, Subramanian, Jan, Staples underperformed, Bank of America Subramanian, Dev Organizations: Bank of America, Bank of, Thomson, PMI, Supply Management Manufacturing, Federal Reserve Bank of Philadelphia Survey, Conference Board, Bond, ICE, Utilities, Health Care, Fed, of America

Venture capital investor Bill Gurley, a partner at Benchmark, said founders he works with believe Meta 's new large language model, Llama 2, has the "most momentum" in the battle of the large artificial intelligence models. Gurley told CNBC's Julia Boorstin Monday that the open-source nature of Meta's product is threatening to other leaders in the AI space. AI researchers typically compare LLMs when the software performs specific tasks. For instance, some AI researchers have found that Llama 2 outperforms other similar open-source AI language models and is on par with proprietary systems like OpenAI's ChatGPT. Google followed suit with its latest large language model called PaLM 2 in May, which powers the Google's generative AI features like its chatbot Bard.

Persons: Bill Gurley, Gurley, CNBC's Julia Boorstin, Meta, Bard Organizations: Microsoft, CNBC, Meta, Google Locations: OpenAI

China's onshore yuan meanwhile ended its domestic session at the weakest since 2007, as it battles capital outflow pressures and a widening yield gap with major economies. The U.S. dollar index , which measures the greenback against major peers, was last 0.05% lower at 105 but remained not far from the previous session's six-month high of 105.15. IN THE DOLDRUMSThe onshore yuan opened at 7.3400 per dollar on Friday and touched its weakest level since December 2007 at 7.3510, while its offshore counterpart sank to a 10-month low of 7.3621 per dollar. The onshore yuan has fallen roughly 6% against the dollar so far this year and has become one of the worst-performing Asian currencies alongside its offshore counterpart. The Australian dollar was last 0.28% higher at $0.6395, but eyed a weekly loss of over 0.8%.

Persons: Dado Ruvic, Dane Cekov, Nordea's Cekov, Sterling, Vishnu Varathan, Shunichi Suzuki, Samuel Indyk, Rae Wee, Shri Navaratnam, Gerry Doyle, Angus MacSwan, Mark Heinrich Our Organizations: REUTERS, U.S, Nordea, Mizuho Bank, Finance, Bank of Japan, Bank of, Australian, New Zealand, Thomson Locations: U.S, Germany, Europe's, Europe, United States, Bank of Japan

☆ Dollar shines as US economy outperforms, yen at 10-month low
▼ + stars: | 2023-09-07 | by ( Rae Wee | ) www.reuters.com time to read: +4 min

Japanese yen and U.S. dollar banknotes are seen with a currency exchange rate graph in this illustration picture taken June 16, 2022. The greenback scaled a fresh top of 147.875 yen in early Asia trade, its highest since last November. That did little to help the Australian dollar , which was still down 0.15% at $0.6373, while the New Zealand dollar last bought $0.58735, with both languishing near their recent 10-month lows. The offshore yuan fell marginally to 7.3255 per dollar, while its onshore counterpart was pinned near the previous session's 10-month low. "As we have seen in the past, real intervention barely reverses the course of the yen sustainably."

Persons: Florence Lo, Sterling, Joseph Capurso, BoE, Andrew Bailey, Governor Bailey, Capurso, Saxo, Charu Chanana, Rae Wee, Jacqueline Wong Organizations: U.S, REUTERS, Rights, Commonwealth Bank of Australia, Federal Reserve, Bank of England, European Central Bank, ECB, New Zealand, Thomson Locations: Rights SINGAPORE, China's, Beijing, Asia, U.S, ASIA, Japan

☆ Dollar shines as US economy outperforms, yen plumbs 10-month low
▼ + stars: | 2023-09-07 | by ( Rae Wee | ) www.reuters.com time to read: +4 min

Japanese yen and U.S. dollar banknotes are seen with a currency exchange rate graph in this illustration picture taken June 16, 2022. The Japanese currency last bought 147.76 per dollar, having weakened past the closely-watched 145 threshold for nearly a month now. "Yen's verbal intervention begs the question whether a real intervention is likely," said Saxo market strategist Charu Chanana. "As we have seen in the past, real intervention barely reverses the course of the yen sustainably." The Australian dollar slid 0.05% to $0.63795, while the New Zealand dollar fell 0.01% to $0.5869, with both languishing near their recent 10-month lows.

Persons: Florence Lo, Sterling, Joseph Capurso, BoE, Andrew Bailey, Governor Bailey, Capurso, Saxo, Charu Chanana, Rae Wee, Jacqueline Wong Organizations: U.S, REUTERS, Rights, Commonwealth Bank of Australia, Federal Reserve, Bank of England, European Central Bank, ECB, Australian, New Zealand, Thomson Locations: Rights SINGAPORE, Asia, U.S, ASIA, Japan

☆ Dollar shines as U.S. economy outperforms, yen plumbs 10-month low
▼ + stars: | 2023-09-07 | by ( ) www.cnbc.com time to read: +4 min

The greenback scaled a fresh top of 147.865 yen in early Asia trade, its highest since last November. The Japanese currency last bought 147.76 per dollar, having weakened past the closely-watched 145 threshold for nearly a month now. "Yen's verbal intervention begs the question whether a real intervention is likely," said Saxo market strategist Charu Chanana. "As we have seen in the past, real intervention barely reverses the course of the yen sustainably." The Australian dollar slid 0.05% to $0.63795, while the New Zealand dollar fell 0.01% to $0.5869, with both languishing near their recent 10-month lows.

Persons: Sterling, Joseph Capurso, BoE, Andrew Bailey, Governor Bailey, Capurso, Saxo, Charu Chanana Organizations: greenback, Commonwealth Bank of Australia, Federal Reserve, Bank of England, European Central Bank, ECB, Australian, New Zealand Locations: Asia, U.S, Japan

☆ Microsoft and Paige are building the world's largest AI model for detecting cancer
▼ + stars: | 2023-09-07 | by ( Ashley Capoot | ) www.cnbc.com time to read: +6 min

The AI model is training on an unprecedented amount of data that includes billions of images, according to a release . Paige also built an AI model that can help pathologists identify breast cancer, colon cancer and prostate cancer when it appears on the screen. But in order to expand its operations and build an AI tool that can identify more cancer types, Paige turned to Microsoft for help. Over the past year and a half, Paige has been using Microsoft's cloud storage and supercomputing infrastructure to build an advanced new AI model. Paige's original AI model used more than 1 billion images from 500,000 pathology slides, but Fuchs said the model the company has built with Microsoft is "orders of magnitude larger than anything out there."

Persons: Paige, Fuchs, Thomas Fuchs, Andy Moye, ChatGPT, Moye, Desney Tan, Tan Organizations: CNBC, Food and Drug Administration, Memorial Sloan Kettering Cancer Center, Netflix, Microsoft, Microsoft Health Futures, Cornell Locations: New York

☆ Citadel outperforms S&P 500 in August
▼ + stars: | 2023-09-06 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCitadel outperforms S&P 500 in AugustCNBC's Leslie Picker joins 'Closing Bell' with breaking news about Citadel's multi-strategy funds outperforming the broader S&P 500 market in August.

Persons: CNBC's Leslie Picker

"Whether this bounce will continue remains to be seen, but it has given China equities a shot in the arm." S&P 500 futures and Nasdaq futures both edged up 0.1%, while stocks in Europe opened on a strong footing. "The soft landing crowd will be pleased that the labour market is softening without much stress at the moment," Deutsche Bank strategist Jim Reid. Any path to a hard landing, outside of a shock, has to go via signs of a soft landing first," he said. Brent crude futures were steady on the day at $88.50 a barrel, while U.S. futures were also flat at $85.55.

Persons: Jim Reid, Christine Lagarde, Wayne Cole, Shri Navaratnam, Muralikumar Anantharaman, Simon Cameron, Moore Organizations: Federal Reserve, Country Garden, RBC Capital Markets, Holdings, Nasdaq, drugmaker Novo Nordisk, August's U.S, Deutsche Bank, European Central Bank, Brent, Thomson Locations: U.S, China, SYDNEY, United States, Beijing, Shanghai, Asia, Pacific, Japan, Europe, drugmaker Novo, Canada, Australia, Saudi Arabia

☆ Asia shares extend rally as China mood turns less bleak
▼ + stars: | 2023-09-04 | by ( Wayne Cole | ) www.reuters.com time to read: +4 min

An electronic board shows Shanghai and Shenzhen stock indexes, at the Lujiazui financial district in Shanghai, China October 25, 2022. There was relief that embattled property developer Country Garden won approval from its creditors to extend payments for an onshore private bond. MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) added 1.0%, having climbed 2.3% last week. EUROSTOXX 50 futures added 0.3% and FTSE futures rose 0.4%. Central banks in Canada and Australia hold their own meetings this week and both are expected to hold rates steady.

Persons: Aly, Stocks, Goldman Sachs, Treasuries, Christine Lagarde, Brent firmed, Wayne Cole, Shri Navaratnam Organizations: REUTERS, Federal, Country Garden, Japan's Nikkei, Nasdaq, Holdings, Federal Reserve, European Central Bank, Thomson Locations: Shanghai, Shenzhen, China, U.S, SYDNEY, Beijing, United States, Asia, Pacific, Japan, Canada, Australia, Saudi Arabia

"The economy is a global economy, right? Yet Fed officials remain puzzled, and somewhat concerned, over conflicting signals in the incoming data. But gross domestic product is still expanding at a pace well above what Fed officials regard as the non-inflationary growth rate of around 1.8%. Difficulties in China, meanwhile, may drag down global growth the longer they fester. Its slowdown after a short-lived growth burst earlier this year could pinch Germany's exports and slow Europe's growth, for instance.

Persons: Jerome Powell, Christine Lagarde, Kazuo Ueda, Ann Saphir, JACKSON, Jackson, Pierre, Olivier Gourinchas, Loretta Mester, Mester, Lagarde, Biden, Nathan Sheets, Powell, Gourinchas, Howard Schneider, Dan Burns, Andrea Ricci Organizations: European Central Bank, Bank of Japan, Kansas City Federal, REUTERS, Federal, U.S, Monetary Fund, Cleveland Fed, Reuters, Citigroup, Consumer, Thomson Locations: Jackson Hole , Wyoming, U.S, , Wyoming, Brazil, Chile, China, Ukraine

☆ Here's more evidence that it's really hard to make money picking stocks
▼ + stars: | 2023-08-18 | by ( Bob Pisani | ) www.cnbc.com time to read: +9 min

And only a handful of stocks have accounted for the bulk of wealth creation in the stock market in the last 30 years. The good news: U.S. companies are far and away the biggest drivers of stock wealth creation in the last 30 years. Stock market wealth is highly concentrated How can this be? Just five stocks accounted for 10% of global net stock market wealth creation over 31 years. The reason, as this paper demonstrates, is that stock returns are not normally distributed over time.

Persons: Hendrik Bessembinder, Johnson, Roche, Kwiechow, Tencent, Tesla, Nicholas Colas, Larry Swedroe, Swedroe, Colas Organizations: Global, CFA, Treasury, Microsoft, Apple, Walmart, Facebook, Samsung, Johnson, Taiwan Semiconductor, Nestle, U.S, DataTrek Research, Strategic, New York Stock Exchange Locations: United States, U.S, China

☆ CEOs made 272 times more than their workers in 2022, earning nearly $17 million on average
▼ + stars: | 2023-08-03 | by ( Juliana Kaplan | ) www.businessinsider.com time to read: +3 min

CEOs at 500 major firms make 272 times more than their workers, according to a new report. That's per the latest executive pay report from the AFL-CIO, which looks at S&P 500 compensation. On average, CEOs make $16.7 million, a $5 million increase over the last decade. Over the last ten years, CEOs' paychecks have swelled by $5 million on average — leading to average compensation of $16.7 million in 2022, according to the AFL-CIO's latest iteration of its annual Executive Paywatch report. On average, CEOs in that field make nearly $38 million.

Persons: paychecks, Duncan Crabtree, —, Brandon Rees, Rees, Insider's Jennifer Sor Organizations: AFL, CIO, Service, SEC, SAG Locations: Wall, Silicon, Ireland

☆ Here are Tuesday's biggest analyst calls: Apple, Tesla, Amazon, Gap, Target, PayPal, Coinbase & more
▼ + stars: | 2023-08-01 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Morgan Stanley reiterates Tesla as equal weight Morgan Stanley said in its annual ask the interns survey that Tesla favorability fell. " Morgan Stanley reiterates PayPal as overweight Morgan Stanley said it's bullish heading into PayPal earnings on Wednesday. " Oppenheimer reiterates Target as outperform Oppenheimer said investors should buy the dip ahead of Target earnings later this month. Bank of America reiterates DraftKings as buy Bank of America is bullish heading into earnings later this week. Morgan Stanley reiterates Ford as overweight Morgan Stanley said it's standing by its overweight rating, but that the company needs an electric vehicle strategy change soon.

Persons: Baird, it's, Cantor Fitzgerald downgrades Rivian, Cantor, Morgan Stanley, Tesla, Read, RMD, PYPL, Oppenheimer, Canaccord, Estee Lauder, DraftKings, DoorDash, comps, Bernstein, Goldman Sachs, Goldman, Ford Organizations: Apple, Mercedes, Barclays, 2H23, RBC, PayPal, Citi, EL, Amazon, Bank of America, Anheuser, Busch InBev, Goldman, Meta Locations: US

LONDON, July 28 (Reuters) - A reappraisal of the dollar could be the next big "pain trade". Dollar jumps as US 2-year yield premium builds vs G7Net short dollar contracts from CFTCBofA chart on fund managers dollar viewSMILEFor the dollar at least, it starts to look less of a one-way rate bet. For those who favour intra-G7 interest rate differentials for guidance, the picture is not much better for dollar bears. But if "soft landings", disinflation and buoyant markets continue to rule the roost, it may be hard work for the outsize "anti-dollar" bet. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

Persons: There's, BoE, What's, it's, Mike Dolan, Alison Williams Organizations: Federal Reserve, Dow Jones, Treasury, Bank of England, gilts, ECB, Reuters Graphics Reuters, Reuters, Twitter, Thomson Locations: U.S, Japan

☆ Ongoing strikes could kill Hollywood's momentum after the 'Barbenheimer' bump, but 4 industry insiders and analysts are still optimistic about the future of these 5 entertainment companies
▼ + stars: | 2023-07-29 | by ( James Faris | ) www.businessinsider.com time to read: +11 min

Here's which entertainment companies will outperform, according to analysts and industry insiders. Four industry veterans Insider spoke with unanimously agreed that unless the strikes are resolved soon, the movie industry's much-needed revival will fizzle out. In a mid-July note about the movie industry, Reese and Pachter highlighted three theater-related companies that are best positioned to survive in this difficult environment. FuboTV should be a winner since it's a solid alternative for cord cutters who still need news and sports coverage, which aren't impacted by the strikes, Pachter noted. Netflix is perhaps the most fascinating company in the media industry right now.

Persons: Barbie, Oppenheimer, Paul Dergarabedian, Alicia Reese, David A, Gross, Strikes, Reese, Michael Pachter, Dergarabedian, Pachter, Richard Gelfond, JPMorgan's David Karnovsky, Wedbush's Pachter, aren't, it's Organizations: Hollywood, Wedbush Securities, Entertainment Research, Alliance, Television Producers, Consumers, Netflix Locations: Hollywood, creatives

SummaryCompanies Q2 sales and earnings beat estimatesReiterates full-year guidanceNo revenue from COVID vaccine in Q2Shares up 3.1% in early tradeCompany is largest drugmaker in ChinaLONDON, July 28 (Reuters) - AstraZeneca (AZN.L) on Friday delivered better-than-expected profits and sales in the second quarter as a strong performance of its blockbuster cancer drugs helped offset the loss of COVID-19 vaccine sales. The Anglo-Swedish drugmaker posted an adjusted profit of $2.15 per share, up 25% and exceeding the $1.98 per share expected in company-compiled consensus estimates. Total revenue in the quarter was $11.4 billion, up 6% and beating company-compiled analyst estimates of $10.97 billion. Excluding COVID medicines, sales in China grew by 7% at constant exchange rates in the quarter, the fourth consecutive quarter of growth on that basis. AstraZeneca is the largest drugmaker in China, which accounted for 13% of last year's revenue.

Persons: Swedish drugmaker, Pascal Soriot, Markus Manns, Alexion, drugmaker, Maggie Fick, Radhika Anilkumar, Nivedita Bhattacharjee, Josephine Mason Organizations: AstraZeneca, UK's, Pfizer, Moderna, U.S, Union Investment, Thomson Locations: China LONDON, Swedish, China, London, Bengaluru

☆ History shows a nice trading setup for Apple going into earnings
▼ + stars: | 2023-07-25 | by ( Samantha Subin | ) www.cnbc.com time to read: +2 min

If history is any guide, expect a positive setup for Apple shares should the company raise expectations for the September quarter when it reports earnings Aug. 3, Morgan Stanley said. "History would show that June quarter earnings is a positive stock catalyst for Apple, and Sept quarter guidance matters most for Apple's stock," he added. Apple has beaten June earnings estimates every time in the last decade by 9% on average, and Morgan Stanley expects the company to do it again. "With our September quarter revenue and EPS 4-9% above current Consensus, and a shade above buyside expectations, we expect earnings to be a positive catalyst for Apple shares next week," Woodring said. Apple shares have rallied nearly 49% since the start of 2023.

Persons: Morgan Stanley, Erik Woodring, Woodring, — CNBC's Michael Bloom Organizations: Apple, Management Locations: Apple's

☆ What Is an Expense Ratio?
▼ + stars: | 2023-07-24 | by ( E. Napoletano | ) www.wsj.com time to read: +8 min

The easiest way to think of the expense ratio is the fee you pay to the portfolio manager of your mutual fund. When you invest in an ETF or mutual fund, the fund’s prospectus will state its expense ratio. How expense ratios impact investment returnsBefore you can look at how expense ratios impact your investment returns, it helps to understand what an average expense ratio looks like. While the average active stock fund’s expense ratio was 0.66% in 2022, the average bond fund charged just 0.44%, according to ICI. Remember: It should be easy to find the fund’s expense ratio.

Persons: it’s, Chloe Wohlforth, Russell, Warren Buffett, Peter Lynch —, Merrill Lynch, Morgan Stanley, Justin McCurdy, “, ”, you’re, McCurdy Organizations: Investment Company Institute, ICI, BuySide, SEC, Morningstar Locations: —, New York, U.S, Angeles

☆ Barbie is everywhere this summer. Here are the stocks that can benefit from the highly anticipated film
▼ + stars: | 2023-07-21 | by ( Alex Harring | ) www.cnbc.com time to read: +8 min

But can the same be said for Mattel shares? Mattel stock is up more about 19% on a year to date basis after a mixed start to the year. Into the Barbie release, the stock reflects the growing buzz. Mattel shares moved from $17.59 on June 1 to breaking into the $20 range for the first time since February. Though Barbie is not a typical film in the space given its adult audience, Jefferies analyst Andrew Uerkwitz said, it can still help Mattel sales incrementally.

Persons: Gordon Haskett, Don Bilson, Greta Gerwig, Margot Robbie, Ryan Gosling, Bilson, Goldman Sachs, Stephen Laszczyk, Davidson, Linda Bolton Weiser, Bolton Weiser, Barbie, Brett Feldman, Jefferies, Andrew Uerkwitz, Roth, David Bellinger, Bellinger, Mario, Morgan Stanley, Benjamin Swinburne, ramped, Oppenheimer, Laszczyk, David Karnovsky, Karnovsky, — CNBC's Michael Bloom Organizations: Mattel, Warner Bros, Lions, Lions Gate, Hasbro, MAT, Analysts, Universal Pictures, Mario Bros, Hollywood, JPMorgan, CNBC, Alliance, Television Producers, Guild of America Locations: 2H23

☆ CNBC Daily Open: Tech stocks were battered
▼ + stars: | 2023-07-21 | 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. Elon Musk, CEO, CTO, founderElon Musk is CEO of Tesla and SpaceX; CTO of Twitter; founder of Neuralink, The Boring Company and now xAI. Tesla may have reported record revenue for its second quarter and beaten Wall Street's expectations for both profit and revenue. But Wall Street isn't completely cheering the electric vehicle maker because of its shrinking margins.

Persons: Dow, Tesla, Elon Musk, Timothy Ash Organizations: CNBC, Dow outperforms, Netflix, Nasdaq, Dow Jones, SpaceX, Twitter, The Boring Company, Chicago Board of Trade, Initiative, Agriculture, BlueBay Asset Management, Tesla Locations: Dow outperforms U.S

☆ CNBC Daily Open: Tech stocks had a rough day, but that's okay
▼ + stars: | 2023-07-21 | 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. Rice prices riseWhether your carbohydrate of choice is rice, bread or noodles, expect to pay more for it. Global rice prices are already at a record high because of shortages. Morgan Stanley picks a list of global stocks it thinks will beat the market — and are priced less than the bank thinks they're worth.

Persons: Dow, Elon Musk, China Nicholas Burns, Daniel Kritenbrink, Gina Raimondo, Morgan Stanley Organizations: CNBC, Dow outperforms, Dow Jones, Nikkei, Initiative, Elon, SpaceX, Twitter, The Boring Company, NBC News, State, Commerce, Global Locations: Dow outperforms U.S, Asia, Pacific, India, Russia, China, East Asia

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