Shares of Chinese AI giant SenseTime plunge to an all-time low after founder’s death
SenseTime shares plunged 18.25% in Monday morning, hitting an all-time low after the AI company announced the death of its founder Tang Xiao’ou.
North Korea fires ICBM after condemning U.S. ‘war’ moves
Monday’s missile launch came after North Korea fired a short-range ballistic missile on Sunday night, flying about 350 miles and falling into the ocean.
Asia’s family offices have been betting big on risk — but that could be changing
A global survey by Citi showed there has been a shift out of cash and into risk assets by family offices around the world — with one notable exception, Asia.
Canceled flights? Lost bags? See how airlines rank when problems arise
AirHelp evaluates 83 airlines on how efficiently they handle customers’ compensation claims, with Qatar Airways dominating the list once again.
‘Poised to pounce’: Jefferies names its top global stocks for 2024 — giving 3 over 60% upside
The investment bank gave one stock over 100% potential upside.
As stocks rally, UBS names the ‘most crowded short in any sector’ for December
Nearly one in five shares of the most shorted European stock tracked by UBS was used to bet on a price decline.
Asia markets mostly lower, South Korea shares rise as defense sector gains
The Bank of Japan will hold its final meeting of 2023 on Tuesday, while China will announce its loan prime rates on Wednesday.
S&P 500 closes higher, Nasdaq jumps for eighth day as both indexes add to 7-week advance: Live updates
The S&P 500 is now 1.2% away from its all-time closing high at 4,796.56, reached in January 2022.
Fed sparking irrational market optimism over potential rate cuts, former FDIC Chair Sheila Bair warns
Sheila Bair, known for leading the FDIC during the 2008 financial crisis, warns that the inflation fight is far from over.
CNBC Daily Open: The Fed tries to cool the heat
The “everything rally” appears to have lost its legs as the Fed itself seems slightly spooked by how aggressively markets are pricing in rate cuts,
