SenseTime plunges after short seller alleges the Chinese AI firm inflated revenue
SenseTime said it believes Grizzly Research’s report is “without merit and contains unfounded allegations and misleading conclusions and interpretations.”
European tech funding halves to $45 billion, back to pre-Covid levels — but AI is a bright spot
Overall funding for European venture-backed companies is projected to decline 45% in 2023 from a year ago, according to VC firm Atomico.
Treasury yields fall as investors consider economic outlook
U.S. Treasury yields fell on Tuesday as investors awaited economic data that could provide hunts about the path ahead for the economy.
Israel-Hamas war updates: Israel and Hamas accuse each other of truce breaches on fifth day of temporary cease-fire
Israel and Hamas accused each other of violating a truce deal that has brought a pause to fighting in the Gaza Strip.
CNBC Daily Open: Is record Black Friday sales spike a false dawn?
Strong retail figures run somewhat counter to cautious earnings forecasts and recent economic data pointing to dwindling savings and low cash among U.S. consumers.
European stocks fall as November momentum stalls; Ubisoft down 9%, Rolls-Royce up 6%
European markets opened lower Tuesday, continuing lackluster sentiment seen at the start of the week in the region and beyond.
The ‘Korea discount’: Value stock or value trap?
South Korea’s stock market, despite being home to Asia’s fourth largest economy, is often considered undervalued by analysts.
Wells Fargo unveils 2024 target, warns of ‘really, really sloppy’ first half for stocks
Wells Fargo Securities’ Chris Harvey sees a volatile path to his S&P 500 to 4,625 year-end target.
Barclays reveals 10 debt-laden global stocks at risk from higher interest rates
The Wall Street bank believes refinancing debt at higher rates could hit earnings by 3% to 5% over the next two years, impacting stocks.
Forget Tesla. Portfolio manager names another way — and stock — to play the EV market
Brian Arcese, portfolio manager at investment firm Foord Asset Management, says he’s taken two “slightly untraditional” approaches to investing in that space.
