UBS downgrades U.S. tech sector despite a recovery. It gave 3 reasons why
UBS revised its outlook on U.S. IT stocks on Tuesday and struck a more cautious tone as the company warned of ‘mixed investor reactions’ to the sector.
China’s Alibaba launches AI model to power robots as tech giants talk up ‘physical AI’
Nvidia and Google are among a handful of major tech giants developing models for robotics and so-called “phyiscal AI.”
Gucci-owner Kering jumps 12% as new CEO maps revival, sales beats estimates
The luxury group said it sees a return to growth this year even as it posted another quarter of sales declines.
Treasury yields fall after retail sales miss expectations
The 10-year Treasury yield inched lower as investors looked ahead to retail sales data for December coming out later in the day.
CNBC Daily Open: U.S. markets rise on tech rebound, while ‘Takaichi trade’ lifts Japanese stocks
U.S. markets closed higher overnight as Big Tech stocks mostly rebounded, with Oracle jumping 9.6% and Microsoft advancing 3.1%.
Philips shares surge 12% amid ‘clear step up in sales’; European stocks close down
European stocks ended lower on Tuesday amid a flurry of corporate earnings releases.
BP suspends share buyback plan in fresh sign of oil price pressure
BP on Tuesday posted fourth-quarter profit in line with expectations, after crude prices dipped below $60 a barrel for the first time in nearly five years.
Gold drops as investors brace for US jobs and inflation numbers
Gold fell on Tuesday as investors stayed cautious ahead of U.S. jobs and inflation data that would indicate the Federal Reserve’s interest rate trajectory.
‘Despicable and reprehensible’: China lashes out at UK expansion of visa scheme following Jimmy Lai conviction
The diplomatic tensions came after pro-democracy tycoon Jimmy Lai was sentenced to 20 years in one of the city’s most prominent prosecutions.
How leading through discomfort prepared Philips CEO Roy Jakobs for his toughest calls
Roy Jakobs reflects on the early experiences that shaped his leadership—from post‑war lessons in forgiveness to the resilience built through childhood asthma. In “Executive Decisions with Steve Sedgwick,” the Philips CEO explains why compassion must si…
