CNBC Daily Open: Fed watch, Apple pops
Apple’s shares rose to a record high a day after it announced its push into artificial intelligence after partnering up with OpenAI.
Billionaire investor Ryan Cohen beats Bed Bath & Beyond shareholder lawsuit
The billionaire activist investor Ryan Cohen won the dismissal on Tuesday of a shareholder lawsuit accusing him of profitably cashing out of Bed Bath & Beyond shares too quickly as the home goods retailer was hurtling toward bankruptcy.
Asia-Pacific markets mixed as China’s May inflation rises for the 4th straight month; Taiwan hits all-time high
China’s May inflation rate is expected to inch up to 0.4%, compared to April’s increase of 0.3%.
S&P 500 closes above 5,400 for the first time as Fed notes ‘modest’ inflation progress: Live updates
May’s consumer price index reading came in lower than expected, boosting the equity market.
These top ETFs and funds are beating the S&P 500 — and analysts still see further upside
CNBC Pro screened the 20 top-performing U.S.-domiciled ETFs and actively managed funds in the first half of this year for those with further upside.
From banks to beauty: Fund manager says AI is giving these companies ‘phenomenal’ uplift
Liontrust Asset Management’s Clare Pleydell-Bouverie is looking beyond Big Tech to companies adopting AI.
Hamas responds to Gaza cease-fire plan seeking some changes. U.S. says it’s ‘evaluating’ the reply
Hamas said Tuesday that it gave mediators its reply to the U.S.-backed proposal for a cease-fire in Gaza, seeking some “amendments” on the deal.
WeWork emerges from bankruptcy, announces John Santora as new CEO
WeWork, once valued at $47 billion by private investors, emerged from bankruptcy on Tuesday with a new CEO from Cushman & Wakefield.
Oracle shares jump on Google and OpenAI deals despite earnings miss
Oracle is allocating capital for data center construction to meet demand from OpenAI, and it’s bringing its trademark database to other public clouds.
History shows now has been a great time to buy Apple’s stock
Morgan Stanley sales data shows that a sizable chunk of outperformance has typically happened following Apple’s Worldwide Developers Conference.
