46 minutes ago Japanese trading houses rise after Buffett raises stakes Japanese trading houses jumped at the open on Tuesday after Berkshire Hathaway increased its stake in five Japanese trading firms to more than 8.5% on average. Mitsui jumped 4.55%, Marubeni gained 3.44% and Mitsubishi rose nearly 4% while Itochu and Sumitomo rose nearly 3% … Read more
An hour ago CNBC Pro: Global stocks are soaring. Analysts love these names – giving an over 80% upside US stocks aren’t the only ones to soar this year. Some global indices followed these gains and climbed. Analysts are still bullish on parts of the US market, but some expect international markets to do better … Read more
Bitcoin rallied to end the week following a surprise move by BlackRock that gave a much-needed boost of confidence to the crypto industry, which has been crushed by the weight of SEC actions for several years. weeks now. Bitcoin ended this week slightly negative, down 0.21%, at $26,355.04. Coin Metrics measures a week in crypto, … Read more
My top 10 things to watch Friday, June 16 1. Success of Cava (CAVA): doubled on its first day of listing. Added another 3% early Friday. The well-received Mediterranean restaurant chain will open the floodgates for the IPO, as expected, here. In food and beverage, the Club owns Starbucks (SBUX), and we looked at how … Read more
An hour ago UK two-year gilts hit 15-year high Yields on UK two-year gilts rose to their highest level since April 2008 on Friday, extending gains made in previous sessions. Yields on 2-year government bonds hit 4.935% in morning trade, according to data from Refinitiv. See the table… 2 year old UK foil. The rise … Read more
An hour ago US and China still widely talking to each other, analyst says Rhodium Group Director Reva Goujon discusses what may be on the agenda ahead of US Secretary of State Antony Blinken’s visit to Beijing and says “expectations are low”. 3 hours ago There is a strong trend of people in China switching … Read more
The Federal Reserve took a break from raising rates. The Cava restaurant chain is about to go public. The Chinese economic recovery is running out of steam. Here are the most important information investors need to start their trading day: The Federal Reserve on Wednesday held its benchmark rate steady after more than a year … Read more
An hour ago China housing inventories rise after house price data and key rate cut Chinese property stocks extended their gains in Thursday morning trading after the People’s Bank of China cut the cost of borrowing on its medium-term political loans for the first time in 10 months. New home prices in China rose 0.1% … Read more
A man walks past a sign bearing the logo of Logitech on the campus of the Ecole polytechnique fédérale de Lausanne in Lausanne, Switzerland, November 27, 2019. Fabrice Cofrini | AFP | Getty Images Find out which companies are making headlines in the midday business. Logitech – Shares fell 12.3% after the company announced the … Read more
Artificial intelligence-powered video-generating platform Synthesia has raised $90 million from investors, the company exclusively told CNBC. The round, which values the company at $1 billion, was led by venture capital firm Accel and backed by US chipmaker Nvidia. Synthesia will use the money to invest in AI research, advancing collaborations with leading colleges like TUM … Read more
