CNBC Daily Open: Live long and prosper
S&P 500 and Nasdaq Composite had a sixth consecutive day of gains, rising 1.61% and 2.34% respectively, while the Dow Jones Industrial Average surged 554 points
Inside the company building hydrogen-electric engines for airplanes
Aviation makes up 3% of global emissions, but it’s one of the hardest sectors to decarbonize. British-American company ZeroAvia is developing engines that run on hydrogen to generate electricity and power aircraft without emissions.
TikTok ‘finfluencers’ accurately called the AI rally, but credibility concerns dog them
Experts warned against trusting advice from these finfluencers, but agreed that they provide a first step to promote investing awareness among young investors.
S&P 500 will be closer to 6,000 by year-end, Morgan Stanley’s Slimmon says, naming stocks to buy
After the sell-off in August, markets could have a “recovery rally” in mid-September, before tumbling “another leg lower” and bottoming in October, he says.
Japan’s Nikkei soars over 3% to clock best week in 4 years amid a broad rally in Asia markets
Traders in Asia digested non-oil exports data from Singapore, which massively beat Reuters’ poll expectations
‘Large, liquid and liked’: Barclays names 3 under-the-radar global stocks to buy
Sectors Barclays is overweight on include financials, utilities, real estate and cyclicals.
A $1.4 million vacation? Take a look inside a yacht that costs that much per week
The 255-foot superyacht Malia hit the market in 2023 with a price tag of $120 million.But she can be yours for $1.4 million per week.
Another reason for market pep: A global central bank easing cycle is starting
Central banks around the world are easing at the quickest past in roughly 20 years. All eyes now turn to the Federal Reserve and its September policy meeting.
Crypto has run out of steam and bitcoin’s path of least resistance is to the downside, says Wolfe Research
Despite trading around $60,000 for much of the week, bitcoin has further to fall again before testing new highs, according to Wolfe Research.
Goldman Sachs jumps into bitcoin ETFs and one hedge fund gets bullish on miners
New SEC filings show banks and hedge funds jumping into spot crypto products, though ether ETFs won’t be accounted for until November.
