CNBC Daily Open: Disney wins proxy showdown
Nelson Peltz-led Trian Partners lost bid for a seat on Disney’s board.
U.S. to say Indian refineries help make Russia oil price cap work
The G7 price cap on Russian oil is cutting the revenue that Moscow has available, and its effectiveness is helped by Indian refiners, according to remarks.
Senior U.S. diplomat links AUKUS submarine pact to Taiwan
The State Department’s diplomat suggested that the AUKUS submarine project between Australia, Britain and the U.S. could deter Chinese moves against Taiwan.
Asia stocks rebound as investors assess Powell’s comments; Hong Kong, China and Taiwan markets closed
Hong Kong, China and Taiwan markets are closed for a public holiday, while investors will assess March PMI numbers from India.
Natural disasters caused an estimated $65 billion in losses last year for Asia-Pacific
The report found that floods remained the most costly threat for the fourth consecutive year, representing over 64% of total losses in 2023.
Malaysia emerges as a hotspot for semiconductor firms amid U.S.-China chip tensions
Tensions between Beijing and Washington over access to advanced chip technology has prompted many companies to open factories in Asia including Malaysia.
KKR says China’s real estate correction may only be halfway done
China’s real estate troubles are likely far from over and industry problems need to be addressed quickly for GDP growth to rise significantly, according to KKR.
Dow closes 500 points lower, its 4th straight losing session and worst day since March 2023: Live updates
The major averages have struggled to gain momentum in the first week of the second quarter.
Tesla short-seller names 2 auto stocks to own — giving them 100% upside
One of the carmakers has already delivered nearly 100% in total returns over the past two years, while Tesla has halved in value.
Thinking of investing in Tesla? One analyst gives the stock 79% upside
Some investors may be hesitant about buying Tesla right now, but Tom Narayan of RBC Capital Markets is bullish on the stock.
