DoubleLine’s Jeff Gundlach warns that stocks are as ‘overvalued’ as early 2022
The prior bull market for stocks peaked about two years ago, with the S&P 500 hitting a record high on Jan. 3, 2022.
Nvidia is now worth more than Amazon thanks to the AI chip boom
Nvidia surpassed Amazon in market capitalization on Tuesday.
These are the stocks hedge funds are betting the most against with S&P 500 at this lofty level
Investors hiked up their short bets on several energy and electric vehicle-related names during the last two weeks of January.
Bitcoin retreats from $50,000 after hotter-than-expected inflation data: 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….
Bitcoin falls under $50,000 following hotter-than-expected inflation data
Cryptocurrencies fell Tuesday amid a broader market sell-off following a hotter-than-expected CPI reading.
Here’s the inflation breakdown for January 2024 — in one chart
The consumer price index rose by 3.1% in January 2024, a smaller annual increase than in December.
European markets close down 1% after hotter-than-expected U.S. inflation
European markets closed lower on Tuesday as investors assessed incoming corporate earnings reports and a key U.S. inflation print.
Paramount Global lays off about 800 employees, a day after announcing record Super Bowl ratings
Paramount Global CEO Bob Bakish announced the company will lay off hundreds of employees Tuesday, just a day after CBS announced Super Bowl viewing records.
Apple and Microsoft clinch key win as iMessage, Bing exempted from tough EU competition rules
Apple’s iMessage and Microsoft’s Bing and Edge browsers should not be listed as “gatekeepers” under the EU Digital Markets Act, the European Commission said.
European Union is considering sanctions on Chinese firms for aiding Russia’s war machine
The European Union is looking to sanction Chinese firms that have helped Russia circumvent Western penalties, three EU officials told CNBC.
