How quant funds beat the market by being ‘early, contrarian and right’
Quantitative hedge funds have captured big trends in bonds and oil to outperform the stock market this year.
CNBC Daily Open: ‘Red’ diesel to hit U.S. highways
U.S. President Donald Trump signed an executive order allowing diesel normally reserved for off-road use to hit U.S. public roads and highways.
World Bank warns of AI concentration risks as it lifts East Asia and Pacific growth outlook to 4.5%
The World Bank now expects the region to grow 4.5% this year, but flagged that trade growth outside AI-related goods has been “weak or negative.”
World Bank warns of AI concentration risks as it lifts East Asia and Pacific growth outlook to 4.5%
The World Bank now expects the region to grow 4.5% this year, but flagged that trade growth outside AI-related goods has been “weak or negative.”
Little room for ‘giving and taking’: India’s finance minister confirms trade impasse with the U.S.
In the latest sign of growing skepticism around the closure of the trade deal between New Delhi and Washington, an Indian minister said there is little room for ‘giving and taking.’
Trump offers U.S. help to Russia after plague death; WHO assesses the situation as low risk
WHO said it was in contact with Russian authorities, and has offered support if needed, while assessing the risk to the general public as low based on available information.
CNBC Daily Open: China shuts down record 670 banks, new worries over oil and AI
Beijing shuts down a quarter of its banks in order to shore up its financial system, while worries persist over oil and AI.
CNBC’s The China Connection newsletter: Starbucks enters Xinjiang in calculated geopolitical risk
Starbucks struck one of Asia’s most closely watched deals last year. Now it is getting headaches over choices made by a partner that leans toward Beijing.
Russian gold floods Hong Kong as Western sanctions redraw bullion trade
The surge underscores how Russia’s gold trade has been rerouted after its invasion of Ukraine in 2022 shut its producers out of major Western markets.
S&P 500 posts first close above 7,800, boosted by tech gains and cooler yields
The S&P 500 rose to a fresh all-time intraday high on Tuesday, boosted by gains in key technology names as well as declines in oil prices and Treasury yields.
