CNBC Daily Open: Tech confronts reality
Tech stocks slumped across the board as enthusiasm over artificial intelligence was replaced by a more clear-eyed view of today’s economic conditions.
Hong Kong stocks snap 5-day losing streak to gain 2%; Asia markets mixed
Asian markets are lower after shares of Wall Street tech giants like Alphabet and Meta fall 3%, and Tesla plunged 6%.
Japan stocks are roaring back. This rally may be different from the 1990’s ‘bubble high’
The Nikkei is hovering at 33-year highs, but Japan is not headed for another economic bubble like the one in the 1990s, analysts told CNBC.
Here’s why the market is ignoring a tell-tale sign that a recession is coming
The apparently broken relationship may lie in what a peculiar time this has been for the financial and economic worlds.
S&P 500, Nasdaq rally more than 1% as tech leads turnaround, Dow closes 200 points higher: Live updates
The Dow Jones Industrial Average rose on Tuesday for the first time in seven days and Wall Street readied for the end of the first half.
Meta launches VR subscription service that costs $7.99 a month
Meta on Monday announced a virtual reality subscription service called Meta Quest+.
Biden says U.S. is not part of aborted Russia rebellion, and it’s too early to determine the cause
Biden said he monitored developments as they unfolded with his security team and spoke with close allies over Zoom.
Shopping platform Shein poised to take major U.S. market share. UBS thinks these companies will be hurt most
The Chinese e-commerce platform’s ascent in the U.S. could hurt retail stocks.
European markets close slightly lower; oil prices edge higher after Wagner revolt
European markets closed slightly lower Monday as investors digested weak economic signals after a downbeat week.
Japan-backed fund to buy critical semiconductor firm JSR for $6.3 billion as chip tensions rise
The Japanese Investment Corp., a fund backed by the country’s government, proposed to buy JSR for around 903.9 billion yen ($6.3 billion).
