Engie shares jump on $14 billion U.K. power grid deal
Shares in French utility Engie jumped $14 billion, after the company announced it would buy UK Power Networks.
Nvidia’s blowout earnings report disappoints Wall Street as stock sinks 5%
“The odds were stacked against them,” Adam Phillips of EP Wealth Advisors told CNBC.
CNBC’s Inside India newsletter: As AI shockwaves hit software firms, what’s in store for India’s IT titans?
AI-led disruption is threatening India’s software giants.
Nvidia still hasn’t sold its U.S.-approved China AI chips — and it’s worried local AI rivals could take over
The U.S. chipmaker has yet to confirm shipments to China despite Washington easing restrictions on exports of advanced chips.
France’s Engie jumps 7% after $14 billion UK power grid deal; European markets close flat
More broadly, European stocks were mixed as corporate earnings held the spotlight.
Rolls-Royce raises outlook, plans up to $12 billion share buyback as engine demand boosts growth
Rolls-Royce sees profits of over £4 billion this year as the engine and power systems maker promises another year of robust growth.
CNBC Daily Open: Nvidia’s earnings beat and AI developments provide some respite for markets
The world’s most valuable company reported better-than-expected fiscal fourth-quarter results after the bell Wednesday stateside.
‘Software will eat AI,’ HSBC says. Here are the bank’s top picks
Contrary to recent market jitters, HSBC expects many software heavyweights will emerge as winners as AI becomes increasingly mainstream.
China holiday spending sends a strong signal on consumer stimulus plans
China’s nine-day Lunar New Year holiday showed consumers were eager to travel, while remaining price-conscious.
South Korea central bank holds rates, adopts dot-plot path signaling extended pause
The Bank of Korea’s seven-member monetary policy board voted to keep its benchmark interest rate unchanged at 2.50%.
