IMF ups emerging Asia growth forecast, warns of China property risks but says India is a bright spot
The International Monetary Fund remained optimistic on India but warned of risks from China’s deepening property sector crisis.
China’s manufacturing activity shrank for the fourth straight month in January
China’s factory activity contracted for a fourth straight month in January, data from the National Bureau of Statistics showed.
CNBC Daily Open: Tech earnings not good enough for Wall Street
Tech giants Microsoft and Alphabet earnings both managed to beat top and bottom line estimates. Still, that wasn’t good enough for Wall Street.
Hunger is India’s ‘biggest problem’ — one of the world’s largest food producers leaves millions hungry
Millions are still starving in one of world’s largest food producing giants.
Wall Street punishes Alphabet and Microsoft despite earnings beats after stocks hit record
Investors were left wanting more from Microsoft and Alphabet after recent rallies lifted their stock prices to all-time highs.
Samsung Electronics’ semiconductor business reports record annual loss
Samsung Electronics released its fourth-quarter earnings report on Wednesday.
Dow closes 300 points lower, Nasdaq drops 2% after Fed indicates March rate cut unlikely: Live updates
Stocks fell to their session lows Wednesday after Federal Reserve chair Jerome Powell pushed back against a March rate cut.
‘Substantial upside’: Morgan Stanley portfolio manager loves this memory stock — and it’s among analysts’ top picks for 2024
The company offers a “value angle” on both semiconductors and AI, says Aaron Dunn, portfolio manager at Morgan Stanley’s U.S. Value Fund.
Trump vs. Biden: Goldman Sachs names the global stocks to play the U.S. elections
The Wall Street bank names the stocks most likely to be shielded from President Trump’s proposed 10% tariff on all U.S. imports.
China stocks tumble to 5-year low after weak manufacturing data; Australia shares hit all-time high
Mainland Chinese stocks fell to a five-year low while Australian stocks smashed all-time records on Wednesday.
