CNBC Daily Open: Another hot inflation gauge fuels worry
Yet, another inflation gauge came in hot that spells trouble for the Fed.
The rise of the Robin Hood tax
The so-called wealth tax is a politically divisive economic policy, but one that is regaining traction amid rising inequality and shifting demographics. U.S. President Joe Biden in his 2024 State of the Union address became the latest to propose such p…
Chinese ride-hailing company Didi Global must face U.S. investor lawsuit over IPO
Chinese ride-hailing firm Didi Global is being sued in a U.S. court for allegedly defrauding investors by hiding a Chinese government order to delay its 2021 IPO.
Hong Kong leads losses in Asia after hot U.S. inflation report; Japan workers set for sharpest wage spike in 30 years
Japan is expected to see the first estimates from its spring wage negotiations on Friday, ahead of the Bank of Japan’s monetary policy meeting on March 18-19.
UBS reveals its most and least preferred semiconductor names, giving one 70% upside
The divergence between semiconductor stocks that are doing well and those that aren’t is becoming starker, the bank says.
Look beyond Nvidia to ride the AI wave — there are other potential winners, Fidelity says
There are several indirect beneficiaries of AI that may not be “immediately obvious” to investors, Fidelity said.
Crisis-stricken Argentina must dollarize and get rid of the central bank, veteran economist says
Latin America’s third-largest economy is currently struggling to cope with the world’s fastest rising prices.
Japan’s workers are set for big pay increases after ‘shunto’ negotiations. This is why it matters
Market speculation reached fever pitch this week with corporate giants announcing robust wage increments which, in some instances, exceeded what unions had demanded.
Morgan Stanley names a head of artificial intelligence as Wall Street leans into AI
The move shows the rising importance of AI in financial services, sparked by the rise of generative AI tools that create human-like responses to queries.
The move in this AI momentum ‘poster child’ is so astounding that it’s time to fade, Wolfe Research says
Shares of this computer server manufacturer have soared 300% year to date. Over the past 12 months, they are up a whopping 1,100%.
