CNBC Daily Open: Nvidia unseats Microsoft as world’s most valuable company
Nvidia on Tuesday surpassed Microsoft to become the world’s most valuable public company with a market cap of $3.34 trillion.
Luxury sneaker maker Golden Goose postpones IPO citing political turmoil in Europe
Golden Goose is known for its worn-looking trainers which have been made popular by celebrities such as Taylor Swift.
UK inflation falls to Bank of England’s 2% target ahead of elections
The Office for National Statistics released inflation figures for May on Wednesday.
Nvidia rally overnight lifts chip-related stocks in Asia on AI optimism
Asia tech stocks in Japan, South Korea and Taiwan climbed on the back of Nvidia becoming the world’s most valuable company
Inside Europe’s tech hubs: Does London have what it takes to remain No. 1?
The U.K. is seen as one of the world’s biggest tech hubs behind the U.S. and China, but it is facing challenges ranging from Brexit to a weak IPO market.
Klarna rival Zilch raises $125 million with aim to triple sales and accelerate path to IPO
British fintech firm Zilch says it’s raised $125 million in debt from Deutsche Bank to help it further its path toward an eventual initial public offering.
U.S. approves $360 million arms sale to Taiwan for missiles, drones
The State Department has approved the possible sale of drones and missiles to Taiwan , the Pentagon’s Defense Security Cooperation Agency said.
Hong Kong leads gains in Asia; Taiwan stocks hit new record
Hong Kong markets gained more than 2% on Wednesday, leading gains in Asia and powered by energy and basic material stocks.
The best-performing global bond fund is up 74% over the past year. Here’s where it’s invested
The emerging markets fund aims to make double-digital returns annually, on a U.S. dollar basis, and currently yields around 10%.
‘Outsized winners’: Morgan Stanley names global stocks to tap the ‘upgrade supercycle’ in a corner of AI
“We think the market underestimates both the pace of innovation and the implications for growth,” said the bank.
