CNBC Daily Open: Big Tech needs to go beyond beating earnings expectations
Investors don’t just expect those companies to beat estimates. They also want Big Tech to drive markets, which depends more on growth prospects than earnings.
Bank of Japan likely to stay course with a rate hike in December or January, analysts say
Stefan Angrick, associate director and senior economist at Moody’s Analytics, described the tone of the BOJ’s Outlook Report as being “moderately” hawkish.
Dow closes nearly 300 points higher to begin November as investors shake off weak jobs report: Live updates
Stocks climbed to kick off November as Amazon led big technology stocks into the green and traders looked past a disappointing jobs report.
Chinese researchers develop AI model for military use on the back of Meta’s Llama, Reuters reports
Top Chinese research institutions tied to the PLA have used Meta’s Llama model to develop an AI tool for possible military use, academics tell Reuters.
China’s manufacturing output swings back into expansion in October, private survey finds
The Caixin/S&P Global manufacturing PMI came in at 50.3 in October, beating the median estimate of 49.7 in a Reuters poll.
China new home prices grow slightly faster in October, private survey shows
China’s new home prices rose faster in October, suggesting recent support measures may be helping the crisis-hit market, a survey showed.
CNBC Daily Open: For Big Tech, beating earnings expectations is not enough
Investors don’t just expect those companies to beat estimates. They also want Big Tech to drive markets, which depends more on growth prospects than earnings.
This European island is likened to the Maldives. I stayed for a week – for $1,500
Sardinia has white beaches, turquoise sea and plenty of watersports, rather like the Maldives. And it’s possible to travel inexpensively there too.
Asia-Pacific markets fall as investors await Fed rate verdict, U.S. elections
Asian traders assessed third-quarter producer prices data from Australia and Caixin China manufacturing purchasing managers’ index reading for October.
Amazon CEO pledges AI investments will pay off as capital expenditures surge 81%
Amazon CEO Andy Jassy reassured shareholders that the company expects to make money on its generative AI investments.
