Morgan Stanley weighs in on the ChatGPT obession and the risk to Google’s search business
A new artificial intelligence technology, known as ChatGPT, has quickly emerged on the scene and is threatening to disrupt some internet stocks.
China readying $143 billion package for its chip firms in face of U.S. curbs, sources say
It signals a more direct approach by China in shaping the future of an industry which has become a geopolitical hot button due to soaring demand for chips.
China will come through the Covid reopening, but it’s going to be a bumpy ride
CNBC’s Ted Kemp discusses why China’s reopening from Covid-19 will not pose a great threat to President Xi Jinping—but the economic recovery won’t take a smooth trajectory.
Dan Niles is positive on this corner of tech, names two global stocks to buy
The Satori Fund founder told CNBC that his fund had just bought some stocks.
Morgan Stanley’s Mike Wilson says his S&P 500 call is more bearish than most, and explains why
Mike Wilson, who accurately called the 2022 sell-off, reiterated his bear market bottom call and said he was more confident of his forecasts now.
Charts suggest it’s time to buy the dips in oil, Jim Cramer says
“The charts, as interpreted by Carley Garner, suggest that the oil speculators have been mostly wiped out, so it’s time to buy the dips,” he said.
Asia-Pacific markets rise on cooler inflation print, ahead of Fed rate decision
Asia-Pacific markets traded higher after stocks on Wall Street saw a second day of gains on an inflation print that came in cooler than expected.
S&P 500 snaps 2-day winning streak after Fed raises rates and signals more hikes next year
The Fed delivered a widely anticipated 50 basis point rate hike at the conclusion of its December policy meeting.
Musk’s Twitter reportedly hasn’t paid rent on its office spaces for weeks
Elon Musk has recently taken drastic steps to cut costs and gear up for possible legal battles at Twitter, according to a report from The New York Times.
Tesla shares have fallen 28% since Elon Musk took over Twitter, lagging other carmakers
Musk sold billions of dollars worth of his Tesla holdings to finance the Twitter takeover and has been embroiled in controversy ever since.
