SoftBank posts $46 billion gain at Vision Fund driven mainly by massive OpenAI bet
SoftBank booked a yearly gain of $46 billion at its Vision Fund driven in large part by the huge rise in value of its investment in OpenAI.
European markets close higher, UK gilts volatile as pressure mounts on PM Starmer
European stocks bucked the negative sentiment seen in Tuesday’s session by closing higher on Wednesday.
CNBC Daily Open: Huang on, Nvidia is on the China trip
Nvidia CEO Jensen Huang becomes a last-minute addition to the Trump administration’s trip to China, despite restrictions in working with Beijing.
CNBC’s UK Exchange newsletter: Starmer’s EU push faces a harsh political reality
U.K. Prime Minister Keir Starmer has alighted on resetting relations with Europe as a way of reviving his flagging popularity.
Buy these cheaper stocks, Barclays says, as luxury’s ‘self-help stories’ pay off
The conflict in the Middle East has weighed heavily on the world’s biggest luxury stocks, but Barclays sees a buying opportunity.
India hikes bullion import duties as the world’s second-largest gold market faces a declining rupee
The government has imposed a 10% basic customs duty and a 5% tax on gold and silver imports, as per notifications issued on Wednesday.
Morgan Stanley boosts price targets for China indexes, sees upside through second quarter of 2027
China’s highly competitive supply chain also makes the country best positioned in the high-end power and green tech space, the strategists said.
Samsung Electronics recovers $66 billion intraday wipeout after Seoul steps in to calm strike fears
Samsung Electronics reversed steep intraday losses after South Korea’s government urged labor and management to resume talks.
For Chinese exporters, Iran worries eclipse tariff woes as Trump, Xi prepare to meet
Heading into the summit, Beijing and Washington will likely reaffirm their shared intention to reopen the Strait of Hormuz and restore stability in the region.
CNBC Daily Open: Wall Street meets its old nemesis: Inflation
March’s inflation figures came in hotter than expected, raising the odds of a Fed rate hike and cooling Wall Street’s record run.
