CNBC Daily Open: A true bull market — it’s not Wall Street
S&P 500 closes above 5,600 for the first time. Archegos founder convicted of market manipulation. Tesla is a “meme stock.”
China’s robotaxi push sparks concerns about job security for drivers
China’s yearslong effort to develop robotaxis is starting to gain traction with consumers — and rattling taxi drivers who are worried about losing their jobs
Shares of Stellar Blade maker Shift Up surge almost 50% on trading debut
The company sold 7.25 million shares in its IPO, raising 435 billion won or about $315.56 million.
Man caught attempting to smuggle 104 live snakes in his pants at China border
A man attempting to smuggle 104 live snakes in his pants was caught at a Chinese border this week, according to the country’s customs authority.
Japanese warship entered China’s waters near Taiwan despite warnings, domestic media reports
A Japanese navy destroyer entered Chinese territorial waters recently in spite of repeated warnings, local news reported.
China says India has no right to develop contested border region
India has no right to carry out development in the area China calls South Tibet, China’s Foreign Ministry said on Wednesday.
In a boost for Toyota, Indian state cuts levies on hybrid cars
India’s Uttar Pradesh state will waive some levies on hybrid cars, making them 10% cheaper, delivering Japan’s Toyota Motor a big win in lobbying efforts.
CNBC Daily Open: A true bull market — it’s not Wall Street
S&P 500 closes above 5,600 for the first time. Archegos founder convicted of market manipulation. Tesla is a “meme stock.”
Japan’s Nikkei smashes past 42,000 mark to all-time highs as Asia markets rally on rate cut optimism
In Asia, investors will be watching for any spillover optimism in the region’s tech stocks, particularly in Japan.
Samsung to launch upgraded voice assistant Bixby this year with its own AI
Samsung will launch an upgraded version of its voice assistant Bixby this year based on its own artificial intelligence models, mobile chief TM Roh told CNBC.
