China’s Shenzhen metropolis sees fastest growth in millionaires globally
In 2023 alone, Shenzhen saw a 10% growth in millionaires, while Beijing and Shanghai recorded a decline of around 5% amid an exodus of high-net-worth individuals from China.
Four dead in New Caledonia riots as France declares state of emergency
France has declared a state of emergency on the Pacific island of New Caledonia after three young Kanak and a police official were killed in protest riots.
CNBC Daily Open: Wall Street hits record highs as rate cut bets
For the first time this year, inflation cooled more than expected, propelling stocks to record highs.
U.S. questions China’s no-first-use nuclear call given buildup
China hasn’t responded to U.S. nuclear-weapons risk-reduction proposals and Washington has questions on Beijing’s call for no-first-use talks, an official said.
Asia markets rise after Wall Street soars on soft inflation data; Japan GDP shrinks
Asia-Pacific stocks tracked strong gains on Wall Street, while investors assessed Japan’s first-quarter GDP data.
Citi names one under-the-radar stock to buy on an AI opportunity, giving it 22% upside
Citi noted that the company said its total addressable market has increased three times, thanks to its artificial intelligence opportunity.
Many Indian stocks are in a ‘bubble,’ investor says, revealing the stock he just sold
Contrarian fund manager Jonathan Pines said one mid-cap Indian stock had risen 240% despite sales and earnings declining.
Dow closes lower Thursday after briefly topping 40,000 for first time: Live updates
The Dow Jones Industrial Average briefly rose above 40,000 for the first time as a banner year on Wall Street continued.
China is still an important market even if investors diversify from it now, says Peak XV
China will still be an important market in the years to come, said Peak XV, despite firms diversifying away from the country amid geopolitical concerns.
David Tepper’s Appaloosa is betting big on Chinese tech stocks
Alibaba is now the top holding of the billionaire’s fund, pulling ahead of U.S. tech giants.
