European stocks higher with central bank decisions in focus; Commerzbank shares hit 12-year high
European stocks were higher Tuesday, as upcoming central bank meetings remain in focus.
British e-commerce firm THG plans to spin off technology services arm, shares tumble
THG said it is “actively undertaking detailed work to review potential structures to facilitate the demerger of THG Ingenuity.”
Big AI models will be commoditized — the value will come from the applications, Infosys chair says
Nandan Nilekani, co-founder of Infosys, said there are going to many different large language models around the world.
Von der Leyen names European Commission’s new top team
EU Commission President Ursula von der Leyen on Tuesday named Spain’s ecological transition minister Teresa Ribera as the bloc’s next antitrust commissioner.
China’s ultra-rich population sees ‘dramatic’ growth in last 10 years, outpacing the U.S., report shows
The world’s super rich club saw a significant expansion over the past 10 years, with China leading the charge, a report by Henley & Partners showed.
CNBC Daily Open: Rate cuts might not benefit tech the most
Technology stocks benefit the most from low interest rates, conventional market wisdom says. But that might not hold true this cycle.
This 38-year-old is financially independent with passive income. Here’s how he built a 7-figure real estate portfolio
Shu Matsuo Post, 38, has reached financial independence after building a seven-figure real estate portfolio. Today, he lives in Japan with his wife and kids.
Flutter bets on Italian gambling market with $2.6 bln Snaitech deal
Playtech has agreed to sell its Italian unit Snaitech for $2.56 billion, including debt, to Flutter Entertainment, the companies said on Tuesday.
China seeks a homegrown alternative to Nvidia — these are some of the companies to watch
Some of China’s giants inclduing Huawei, Alibaba and Baidu are among those trying to create alternative semiconductor tech to Nvidia.
Big names like David Tepper and ‘Big Short’ investor Michael Burry are quietly upping their bets on the Chinese economy
From property woes to sluggish economic data, China appears to be suffering from long Covid.
