CNBC Daily Open: CPI’s higher than expected. Is it just a ‘janky’ data point?
It’s important to see whether individual data points cohere into a larger pattern, or if they’re just “janky,” as Atlanta Fed President Raphael Bostic put it.
Bank of Korea cuts interest rates after holding for almost two years
The BOK cut its benchmark interest rate from 3.5% to 3.25% after a “clear trend of stabilization” with inflation.
Chinese stocks drop over 3% this week as investors await key policy briefing; most Asia-Pacific markets fall
Mainland China’s CSI 300 blue chip index extended weekly declines, as the stimulus-fueled rally continues to lose steam.
Dow jumps 400 points to a record on Friday, S&P 500 closes above 5,800 for the first time: Live updates
All the major averages are headed for a winning week.
Grab CEO Anthony Tan gives his no. 1 piece of advice for aspiring entrepreneurs
He is the head honcho of one of Southeast Asia’s biggest tech companies, Grab — but he’ll be the first to say that the journey has not been easy.
Main spending cuts and tax increases in France’s 2025 budget
The French government on Thursday unveiled its budget with 60 billion euros ($65.68 billion) worth of tax hikes and spending cuts.
How to play AI in a cheaper way without owning stocks like Nvidia, according to a fund manager
“Most investors over the last couple of years have thought that the only way to play AI is to own Nvidia and a few of the other peers,” says Sean Peche.
Investors should take China ‘very seriously,’ fund manager says, naming a stock to start with
Steven Glass of Pella Funds Management is bullish on China regardless of any “bazooka” stimulus, and names a good “starting point” stock.
Berkshire slashes Bank of America stake to under 10%, no longer required to disclose frequently
Warren Buffett’s Berkshire Hathaway cut its stake in Bank of America below an important level.
These income-generating assets are paying yields of more than 5%
Preferred securities have attributes of bonds and stocks but bring a unique set of risks.
