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,
Forget the in-flight food — these are best and worst airlines when flying goes wrong
AirHelp’s annual ranking evaluates 83 airlines for on-time performance and customer opinions — and how efficiently they handle customers’ compensation claims.
Israel finds large tunnel adjacent to Gaza border, raising new questions about prewar intelligence
The Israeli military said Sunday it has discovered a large tunnel shaft in Gaza close to what was once a busy crossing into Israel.
The techno-optimists and doomsdayers inside Silicon Valley’s most dangerous AI debate
The generative AI debate is dividing the tech industry and bringing terms like ‘e/acc’ and ‘decel’ into public conversations.
Israel faces new calls for truce after killing of hostages raises alarm about its conduct in Gaza
Israel’s government faced calls for a cease-fire on Sunday after a series of shootings, including of three hostages who waved a white flag.
Russia and Ukraine launch numerous drone attacks targeting a Russian air base and Black Sea coast
Russia and Ukraine launched over a dozen drones at each other’s territory for a second straight day, one of which targeted a Russian military airport.
