Covid cases, controls spread in China
China’s latest Covid controls affected 9.2% of gross domestic product as of Thursday, up from 7% on Oct. 16, according to Nomura’s model.
Venture capitalists are betting on a part of China’s chip industry safe from U.S. bans
China is so far behind the U.S. in semiconductor technology that some investors are betting on startups to fill that gap.
Bank of Japan sticks to its dovish stance as the rest of the world takes on jumbo hikes
The central bank also said it would purchase necessary amounts of Japanese government bonds at a fixed rate in order to keep 10-year JGB yields at 0%.
An Apple and Tesla exec who quit to build his own startup now has a star-studded list of investors
“I was thinking, it would be much more exciting to really build something from scratch, from the ground up,” said Sukemasa Kabayama of Uplift Labs.
These 13 sell-rated global stocks have serious downside risk, Wall Street analysts say
CNBC Pro screened almost 1,500 large and mid-cap global stocks and found a number of major companies with sell ratings.
American companies increasingly look outside of China after Covid
Nearly twice as many U.S. companies cut their investment in China versus last year, the American Chamber of Commerce in Shanghai found in its latest survey.
Tech stocks are tumbling but one fund manager still loves Microsoft. Here’s why
Tech stocks are seeing more selling this week, but fund manager Brian Arcese is standing by Microsoft, calling it a “solid long-term defensive holding.”
There’s a lot of pain ahead for markets, strategist warns, arguing the rally looks short-lived
“I think the market rally is a breathing space rally,” Beat Wittmann, chairman of Switzerland’s Porta Advisors, told CNBC.
Hong Kong stocks fall to new lows since 2009, Bank of Japan holds rates
Hong Kong stocks lead loses as shares in the Asia-Pacific fell following the Bank of Japan’s interest rate decision.
Dow closes 800 points higher on Friday, registers fourth straight week of gains
The three major indexes notched sizeable weekly gains.
