CNBC Daily Open: ‘TACO’ trade boosts markets amid ongoing geopolitical tensions around Greenland and Ukraine
Trump walking back on his tariff threats on EU countries and toning down rhetoric on Greenland has revived talks of TACO — “Trump Always Chickens Out” — trade.
Xiaomi announces HK$2.5 billion buyback as competition and cost pressures weigh on stock
Chinese tech giant Xiaomi saw its shares pop in trading on Friday after it announced a stock buyback program worth up to HK$2.5 billion ($321 million).
European markets close lower; Ericsson pops 10% after fourth-quarter profit beat
European stocks closed lower Friday after U.S. President Donald Trump said a “framework” agreement had been reached over Greenland.
Nvidia’s Huang to visit China as AI chip sales stall
Nvidia CEO Jensen Huang plans to visit China ahead of the mid-February Lunar New Year, two people familiar with the matter told CNBC.
Bank of Japan raises economic growth forecasts ahead of snap election, holds rates at 0.75%
The BOJ also upgraded its GDP forecast for the 2025 fiscal year to 0.9%, and also raised its GDP projection for the 2026 fiscal year to 1% from 0.7%.
India’s youth are turning concerts into an economy. The money is following
India saw a 17% rise in the live events space in 2025, marking a boom in demand for experiences. This was led by Gen-Z and millennial crowds.
CNBC Daily Open: Talks of ‘TACO’ trade amid confusion over Trump’s Greenland deal
Trump walking back on his tariff threats on EU countries and toning down rhetoric on Greenland has revived talks of TACO — “Trump Always Chickens Out” — trade.
Asia markets mostly advance as Bank of Japan leaves interest rates on hold
Asia-Pacific markets mostly rose as investors looked ahead to the Bank of Japan’s decision.
Japan inflation cools to 2.1%, lowest since March 2022, but rice prices loom large ahead of election
Core inflation touched its lowest level since October 2024, and was in line with expectations
S&P 500 ends Friday little changed, but posts second straight losing week amid wild trading
The S&P 500 and the Nasdaq Composite ended Friday slightly higher, but both still posted back-to-back losing weeks.
