JPMorgan and Barclays back $4.5 billion insurance tech giant Wefox
Wefox maintained its $4.5 billion valuation from its previous round of funding, the company said.
‘Foreign investors are back’: Japan stocks surge to their highest since 1990
Japan’s Topix marked a 33-year high on revived hopes for Japanese equities, with the index outperforming its regional peers year-to-date.
Temu accused of data risks after sister app was suspended for malware
The U.S. has accused Temu of data risks following the Google suspension of its sister app, but analysts are not too bothered.
China’s Baidu beats earnings estimates as chatbot awaits government approval
Business momentum in China is building after it dropped most of its strict Covid-19 curbs late last year, with consumers and companies reviving spending.
Tesla and more: Morgan Stanley names EV stocks set to benefit as supply chains move West
Tesla is among the EV stocks that rank highly when it comes to geopolitical, environmental, and economic challenges, according to Morgan Stanley.
Citi names its top biotech and pharma stock picks, giving one nearly 90% upside
The healthcare sector outperformed in Europe, India and China last month, according to Citi, which named its top picks worldwide.
‘Benefits outweigh the harm’: Worried about their livelihood, small business owners push back on potential TikTok ban
“TikTok has become a scapegoat … Bytedance is not the first, nor will it be the last, company that misuses our personal data,” said one small business owner.
Asia markets mixed as investors digest economic data from the region, U.S. debt ceiling looms
Japan will release its first quarter GDP numbers, while Australia will also see its wage price index come out.
CNBC Daily Open: Consumer demand is flagging
Any positive momentum stocks had on Monday dissipated yesterday, as downbeat economic signs weighed on indexes.
Stocks close higher Wednesday, Dow surges 400 points as traders grow optimistic on a debt ceiling deal: Live updates
Investors hoped congressional leaders and President Joe Biden could come to a deal on the U.S. debt ceiling and avoid a catastrophic default.
