Tuesday’s analyst calls: Nvidia to get a boost from new chip, Ralph Lauren poised to jump, banks react to Tesla news
This is CNBC Pro’s live coverage of Tuesday’s analyst calls and Wall Street chatter. Please refresh every 20-30 minutes to view the latest posts.
‘An intense five years’: Read HSBC CEO Noel Quinn’s surprise resignation statement
HSBC CEO Noel Quinn said it is “now the right time for me to get a better balance between my personal and business life.”
Biden administration to require advanced safety tech on all new cars and trucks
The Transportation Department projects the new rule could save 360 lives a year and prevent 24,000 injuries.
Binance’s billionaire founder to find out if prison time is coming — here’s what lawyers are expecting
Binance founder Changpeng Zhao will find out in a federal courtroom in Seattle whether he will be spending time in prison.
Walmart launches new grocery brand, as it tries to hang on to inflation-fueled growth
The nation’s largest grocer sees room to build on its inflation-fueled grocery gains.
Euro zone inflation steady at 2.4%, keeping June rate cut in play as economy returns to growth
Price rises in the 20-nation euro area held steady at 2.4% in April, while the economy returned to growth in the first quarter.
Russia says it shot down six U.S.-made ATACMS missiles; Odesa, Kharkiv hit with deadly strikes
A day of mourning has been declared in the Ukrainian port city of Odesa after a Russian missile strike killed five people and left 32 other injured.
Asia’s first spot bitcoin and ether ETFs debut in Hong Kong
Hong Kong on Tuesday became the first in Asia to offer retail investors the ability to trade the cryptocurrencies at spot prices.
IMF chief warns of emerging market risk with high U.S. interest rates
The benchmark rates of most advanced economies soared in recent years, as central banks aimed to tame inflation following the Covid-19 pandemic.
Microsoft to invest $1.7 billion into AI infrastructure in Indonesia, CEO Satya Nadella says
The funds will also go toward training 840,000 Indonesians in AI skills and supporting the local community of developers.
