CNBC Daily Open: Weak U.S consumer spending spells caution
Americans tightened their spending at the start of this year after the usual holiday season splurge.
Japan slipped into a technical recession. The Bank of Japan has to juggle supporting the yen and fragile growth
The central bank is under pressure to alleviate Japanese yen weakness, stemming from the interest rate divergence between the U.S. and Japan.
Japan’s Nikkei approaches all-time high; Hong Kong leads gains in Asia
Japan’s Nikkei 225 was on course to reach all-time highs — it was less than 100 points from scaling its record peak at its intraday high of 38,863.6
‘Bubble may be far from bursting’: Capital Economics says S&P 500 could hit 6,500 by end of next year
The research firm said U.S. stocks have “plenty more room” to rise despite showing similarities to the stock market bubble of the dot-com era.
‘Underappreciated beneficiaries’ of AI: Morgan Stanley shares Asian names and gives one 113% upside
It says Japan stands out, with 53% of companies seen as AI beneficiaries — nearly matching the U.S.’ 54%, above Europe’s 50% and Asia-Pacific ex-Japan’s 39%.
Crypto venture funding climbs for first time in nearly 2 years after bitcoin’s stellar run
It marks the first time that venture VC investments in crypto startups have risen since the March quarter of 2022.
Move over Nvidia. There’s a new hot AI play that has soared 960% in the past year
This ‘power house’ AI stock creates server technology, where it enjoys a critical advantage.
Ether trades above $2,800 for the first time since May 2022: CNBC Crypto World
CNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what’s ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry….
How to avoid the top scam of 2023: The internet has ‘really supercharged’ it, expert says
Imposter scams were the most prevalent consumer fraud last year, the Federal Trade Commission said. Criminals dupe victims by posing as a trustworthy source.
OpenAI just revealed new software that lets you create realistic video by simply typing a descriptive sentence
OpenAI announced Thursday it has expanded beyond text and images to offer video-generation AI for the first time.
