Nokia jumps 8% as it announces $653 million share buyback program, warns of challenging 2024
Nokia on Thursday said that it will begin a 600 million euro ($653 million) share buyback this quarter after it reported that its profit plunged in 2023.
CNBC Daily Open: All eyes on U.S. fourth-quarter GDP
All eyes will be on the state of the U.S. economy as the first official reading of fourth-quarter GDP data drops Thursday morning.
China property stocks jump as Beijing takes steps to boost liquidity in the beleaguered sector
China’s property stocks jumped after the country’s central bank announced measures that would help boost the liquidity available to property developers.
China is ramping up stimulus to boost market confidence — but is it enough?
There are rising expectations for more support from China to boost its economy and stock markets — especially after the PBOC’s easing announcements on Wednesday.
China youth unemployment will stay elevated in 2024, but EIU warns economic impact will linger
Official data showed unemployment rate among those aged 16 to 24 in the world’s second-largest economy was 14.9% in December, excluding those still in school.
Shares of Tesla suppliers in Asia take a beating after automaker misses targets
Tesla suppliers are trading lower after the U.S. automaker’s disappointing results. Other EV makers in Asia fell due to its downbeat production outlook for the year.
U.S. Navy sends first warship through Taiwan Strait post-election
The U.S. Navy said the destroyer USS John Finn transited through a corridor in the Taiwan Strait that was “beyond the territorial sea of any coastal state”.
Uranium prices could rally past 16-year highs as the world’s largest producer runs short
The uranium renaissance has a slight hitch: the world’s largest producer of the yellowcake is staring at production issues over the next two years.
S&P 500 closes higher for a sixth day, powered by strong GDP data: Live updates
The broad index rose as investors focused on GDP report and corporate earnings.
