Dan Niles is long 4 and short 3 of the Magnificent 7 stocks
The Satori Fund’s Dan Niles is offering up his strategy for playing the Magnificent 7 stocks.
Ford facing potential strike of 3,000 UK white-collar workers
Ford was warned on Wednesday that more than 3,000 white-collar workers across the U.K. could launch industrial action after union members rejected a pay offer.
Delivery Hero CEO happy to keep Asia unit Foodpanda ‘forever’ after stock plunged on sale outlook
Delivery Hero CEO Niklas Ostberg says he is happy to hold onto Delivery Hero’s Foodpanda unit “forever,” suggesting he’s not in a rush to sell.
Shipping giant Maersk says Red Sea vessel diversions could extend into second half of 2024
Maersk is warning clients that Red Sea shipping issues may extend into the second half of this year.
U.S. ‘very concerned’ about China’s dominance as a critical minerals supplier, energy chief says
U.S. Energy Secretary Jennifer Granholm on Wednesday said the country is “very concerned” about China’s grip on the global supply chain for critical minerals.
As London loses another listing, analysts are wary of writing off the UK capital
TUI became the latest company to ditch its share listing in London, as shareholders voted for the German travel giant to list solely in Frankfurt.
Bitcoin regains $1 trillion market cap as the cryptocurrency hits over two-year high
Bitcoin broke through the $51,000 level on Wednesday, marking the first time it has hit this price since December 2021.
Indonesia’s Defense Minister Prabowo leads in early unofficial presidential vote count
More than 200 million people were eligible to vote in the elections across Southeast Asia’s largest economy.
UK inflation holds steady at 4%, lower than expected
U.K. inflation fell to 4% year-on-year in January, below expectations.
CNBC Daily Open: Lingering inflation problem
Investors were obviously disappointed as the data reflected inflation’s stubborn staying power.
