Hong Kong stocks lead wider gains as banks rally
Hong Kong stocks jump about 2%, leading wider gains in the Asia-Pacific region as China bank stocks rallied and investors looked ahead U.S. inflation data.
Morningstar says the semiconductor sector is undervalued — and names 4 stocks to buy
The outlook for semiconductors on the back of the AI boom is bright regardless of how the economy does, Morningstar said.
Morgan Stanley says these 3 global stocks will be winners in a world where data is king
Data is set to play a big role in boosting productivity, and three companies are well positioned to be “winners,” according to analysts at the bank.
CNBC Daily Open: Investors shrugged off a hawkish Fed and hot PPI
Investors shrugged off Fed minutes that tilted hawkish and a hotter-than-expected PPI report to give markets a fourth consecutive winning session.
Dow closes more than 150 points lower as inflation data reignites interest rate fears: Live updates
The major averages came off of four consecutive winning days.
IRS says Microsoft owes an additional $29 billion in back taxes
Microsoft said the IRS notified the company it owes an additional $28.9 billion in back taxes.
Already a humanitarian crisis, war with Hamas could have major impact on Israel’s economy
Israel’s armed forces called up more than 300,000 reservists, removing a significant part of the nation’s workforce from the economy.
Bankman-Fried was very concerned about his image, including his big hair, ex-girlfriend Ellison testifies
In her second day on the stand, Caroline Ellison told jurors that Sam Bankman-Fried wanted her to hide FTX customer funds that were on Alameda’s balance sheet.
Europe gives Mark Zuckerberg 24 hours to respond about Israel-Hamas conflict and election misinformation
EU urges Meta to be “vigilant” about removing disinformation during conflict, ahead of elections.
Alphabet’s AI lab, DeepMind, cut employee costs by nearly 40% in 2022, alongside a drop in profit
Alphabet’s AI lab, DeepMind, cut employee costs by 39% last year, according to a recent filing with a U.K. government agency.
