CNBC Daily Open: Bitcoin breaches $30,000 as the economy slows
Markets were mostly unchanged Monday, though bitcoin breached $30,000. Investors are waiting for bank earnings and price reports.
U.S. and the Philippines hold largest war drills near disputed waters
The Biden administration has been strengthening alliances in the Indo-Pacific to better counter China, including in a possible confrontation over Taiwan.
Japanese trading houses rise as Warren Buffett raises stakes and says he may buy more
Buffett said he was “very proud” of these investments and that he plans to meet with the companies to emphasize Berkshire Hathaway’s support.
Bitcoin tops $30,000 for the first time since June ahead of key inflation data; ether nears $2,000
Bitcoin topped the key psychological level of $30,000 as investors awaited key inflation data later in the week that could steer crypto prices.
Alibaba to roll out its rival to ChatGPT across all its products
Alibaba Cloud, the cloud computing unit of Chinese tech giant, announced it will be rolling out its own ChatGPT-style product Tongyi Qianwen in “the near future.”
China’s consumer inflation hits 18-month low amid uneven recovery
The government has set a target for average consumer prices in 2023 to be about 3%. Prices rose 2% on year in 2022.
Can India help the UK become a tech superpower?
Britain is looking for its place on the global stage in the post-Brexit, post-pandemic world. The U.K. government wants the country to be a tech superpower — but it needs to attract talent and investment. India may be able to help.
Tesla’s shares are up over 70% this year. One market pro is bullish — but another isn’t convinced
Shares of the electric vehicle giant have risen a lot this year, after falling 65% in 2022. Two investors face off on what’s next for the company.
Goldman Sachs names 5 buy-rated stocks — giving one more than 70% upside
Three of those are on Goldman’s conviction list. It revisited its stock ratings in light of recent volatility, sticking to some of them and upgrading others.
CNBC Daily Open: State of the economy: Slowing, but strong
Markets were mostly unchanged Monday. Investors are waiting for bank earnings and price reports.
