RECENT ARTICLES
Nasdaq jumps to record led by Apple in longest winning streak since December
In this articleStocks rise after headlines clarify U.S.-China trade deal ongoing—Here's what three experts are watching nowThe rose to a fresh record on Tuesday with Apple leading major tech names higher as investors cheered a slew of announcements from the tech giant's WorldWide Developers Conference. The tech-heavy index closed 0.7% higher at 10,131.37, notching its eighth straight daily gain. That marks the Nasdaq's longest winning streak since December, when it advanced for 11 straight sessions. The climbed 131.14 points, or 0.5%, to close at 26,156.10. The ended the...…In this articleStocks rise after headlines clarify U.S.-China trade deal ongoing—Here's what three experts are watching nowThe rose to a fresh record on Tuesday with Apple leading major tech names higher as investors cheered a slew of announcements from the tech giant's WorldWide Developers Conference. The tech-heavy index closed 0.7% higher at 10,131.37, notching its eighth straight daily gain. That marks the Nasdaq's longest winning streak since December, when it advanced for 11 straight sessions. The climbed 131.14 points, or 0.5%, to close at 26,156.10. The ended the...WW…
Dow jumps more than 500 points as Wall Street cheers record retail sales comeback
In this articleStocks rise after record jump in retail sales as a record jump in retail sales — coupled with positive trial results from a potential coronavirus treatment and hopes of more stimulus — sent market sentiment soaring. The closed 526.82 points higher, or 2%, at 26,289.98. The S&P 500 gained 1.9% to end the day at 3,124.74 while the Nasdaq Composite climbed 1.8% to 9,895.87. It was the third straight gain for the major averages. The U.S. government reported increase in retail sales for May. Economists polled by Dow Jones expected a gain of 7.7%. President Donald...…In this articleStocks rise after record jump in retail sales as a record jump in retail sales — coupled with positive trial results from a potential coronavirus treatment and hopes of more stimulus — sent market sentiment soaring. The closed 526.82 points higher, or 2%, at 26,289.98. The S&P 500 gained 1.9% to end the day at 3,124.74 while the Nasdaq Composite climbed 1.8% to 9,895.87. It was the third straight gain for the major averages. The U.S. government reported increase in retail sales for May. Economists polled by Dow Jones expected a gain of 7.7%. President Donald...WW…
Calls grow louder to boycott Beijing's Olympics — and analysts warn of retaliation from China
Key PointsIn this articleCountries and companies outside China face rising pressure to boycott the Winter Olympics in Beijing next year, but China will not sit back idly in response, says political risk consultancy Eurasia Group."Western governments and firms face mounting pressure from human rights advocates and political critics of China to boycott the Beijing 2022 Winter Olympics," according to Eurasia Group analysts.22 hours agoThe Games are due to take place between February 4 to 20."China will punish countries that boycott the Games with political sanctions and commercial retaliation,...…Key PointsIn this articleCountries and companies outside China face rising pressure to boycott the Winter Olympics in Beijing next year, but China will not sit back idly in response, says political risk consultancy Eurasia Group."Western governments and firms face mounting pressure from human rights advocates and political critics of China to boycott the Beijing 2022 Winter Olympics," according to Eurasia Group analysts.22 hours agoThe Games are due to take place between February 4 to 20."China will punish countries that boycott the Games with political sanctions and commercial retaliation,...WW…
China's dual-listed tech giants lost $60 billion in market value over three days as delisting threats loom
Key PointsChina's dual-listed tech giants — Alibaba, Baidu, JD.com, and Netease — have collectively lost billions in market value in just days.The losses come amid the .As of Friday's close in Hong Kong, the market capitalization of the four dual-listed tech stocks have fallen 468.64 billion Hong Kong dollars (about $60.31 billion) in three days, according to CNBC calculations of data accessed through Refinitiv Eikon.Here's a list showing how much each of the companies, which are also listed in the U.S., lost in terms of market capitalization.Between Tuesday's close to Friday's close in...…Key PointsChina's dual-listed tech giants — Alibaba, Baidu, JD.com, and Netease — have collectively lost billions in market value in just days.The losses come amid the .As of Friday's close in Hong Kong, the market capitalization of the four dual-listed tech stocks have fallen 468.64 billion Hong Kong dollars (about $60.31 billion) in three days, according to CNBC calculations of data accessed through Refinitiv Eikon.Here's a list showing how much each of the companies, which are also listed in the U.S., lost in terms of market capitalization.Between Tuesday's close to Friday's close in...WW…
Biden's stimulus plan could drive out funds from Asia to the U.S., JPMorgan says
Key PointsJPMorgan says Biden's stimulus plan is a 'positive surprise'SINGAPORE — Asia's emerging markets could become a casualty as a result of U.S. President-elect latest $1.9 trillion Covid relief plan.That's according to James Sullivan, head of Asia ex-Japan equity research at JPMorgan.3 hours ago11 hours ago"Most investors were very positive on Asia and emerging markets relative to the U.S." before details of the latest rescue package were announced, Sullivan told CNBC's "Street Signs Asia" on Friday."We've seen over 18 consecutive weeks of fund inflows into Asia ex-Japan over the...…Key PointsJPMorgan says Biden's stimulus plan is a 'positive surprise'SINGAPORE — Asia's emerging markets could become a casualty as a result of U.S. President-elect latest $1.9 trillion Covid relief plan.That's according to James Sullivan, head of Asia ex-Japan equity research at JPMorgan.3 hours ago11 hours ago"Most investors were very positive on Asia and emerging markets relative to the U.S." before details of the latest rescue package were announced, Sullivan told CNBC's "Street Signs Asia" on Friday."We've seen over 18 consecutive weeks of fund inflows into Asia ex-Japan over the...WW…
Asia-Pacific markets mixed; Cathay Pacific shares in Hong Kong jump after restructuring announcement
Key PointsSINGAPORE — Stocks in Asia-Pacific were mixed on Wednesday as investors continued to watch for developments on U.S. stimulus talks.Mainland Chinese stocks were lower on the day, with the down fractionally to about 3,325.02 while the slipped 0.999% to around 13,467.91. Hong Kong's , on the other hand, advanced 0.75% to close at 24,754.42.In Japan, the added 0.31% to close at 23,639.46 while the Topix index gained 0.73% to finish its trading day at 1,637.60. South Korea's rose 0.53% to close at 2,370.86.Meanwhile, shares in Australia edged higher on the day, with the up 0.12% to...…Key PointsSINGAPORE — Stocks in Asia-Pacific were mixed on Wednesday as investors continued to watch for developments on U.S. stimulus talks.Mainland Chinese stocks were lower on the day, with the down fractionally to about 3,325.02 while the slipped 0.999% to around 13,467.91. Hong Kong's , on the other hand, advanced 0.75% to close at 24,754.42.In Japan, the added 0.31% to close at 23,639.46 while the Topix index gained 0.73% to finish its trading day at 1,637.60. South Korea's rose 0.53% to close at 2,370.86.Meanwhile, shares in Australia edged higher on the day, with the up 0.12% to...WW…
K-pop sensation BTS' label prices IPO at top end of range
Key PointsSINGAPORE — Shares of Big Hit Entertainment, the music label behind global K-pop phenomenon BTS, were priced on Monday at the top end of the range ahead of their highly anticipated market debut.Big Hit Entertainment's stock price was set at 135,000 South Korean won (approx. $115) per piece, according to a regulatory filing on Monday. That was at the top end of the 105,000-135,000 won per share range which was earlier announced. Big Hit is expected to make its market debut in October.According to the regulatory filing, Big Hit will also raise 962.55 billion Korean won...…Key PointsSINGAPORE — Shares of Big Hit Entertainment, the music label behind global K-pop phenomenon BTS, were priced on Monday at the top end of the range ahead of their highly anticipated market debut.Big Hit Entertainment's stock price was set at 135,000 South Korean won (approx. $115) per piece, according to a regulatory filing on Monday. That was at the top end of the 105,000-135,000 won per share range which was earlier announced. Big Hit is expected to make its market debut in October.According to the regulatory filing, Big Hit will also raise 962.55 billion Korean won...WW…
Gold prices surge to record high amid coronavirus worries, U.S.-China tensions
Gold touched record prices as worries over issues such as the coronavirus pandemic as well as U.S.-China tensions weighed on investor sentiment. traded up 1.9% at about $1,938.11 per ounce after earlier trading as high as $1,943.9275 per ounce. Those levels eclipsed the previous record high price set in September 2011. settled up 1.9% to $1,931.00."While we think gold will continue to be supported by rising geopolitical tensions, in our view the primary drivers of the gold price are its negative correlation to real interest rates and the dollar. We think these three factors, in...…Gold touched record prices as worries over issues such as the coronavirus pandemic as well as U.S.-China tensions weighed on investor sentiment. traded up 1.9% at about $1,938.11 per ounce after earlier trading as high as $1,943.9275 per ounce. Those levels eclipsed the previous record high price set in September 2011. settled up 1.9% to $1,931.00."While we think gold will continue to be supported by rising geopolitical tensions, in our view the primary drivers of the gold price are its negative correlation to real interest rates and the dollar. We think these three factors, in...WW…
Outbreak of dengue fever in Southeast Asia is 'exploding' amid the coronavirus fight
Key PointsThere's no respite for Southeast Asian nations.With health-care systems already under strain due to the coronavirus pandemic, countries like Singapore, Malaysia and Thailand are also grappling with another infectious disease outbreak: dengue fever."We are seeing exploding numbers of dengue in South East Asia," Dr. Leong Hoe Nam, a Singapore-based infectious diseases physician at Mount Elizabeth Novena Hospital, told CNBC in an email. and can cause fever, muscle and joint pain, severe headaches and even death in its most severe form.Singapore's National Environment Agency (NEA)...…Key PointsThere's no respite for Southeast Asian nations.With health-care systems already under strain due to the coronavirus pandemic, countries like Singapore, Malaysia and Thailand are also grappling with another infectious disease outbreak: dengue fever."We are seeing exploding numbers of dengue in South East Asia," Dr. Leong Hoe Nam, a Singapore-based infectious diseases physician at Mount Elizabeth Novena Hospital, told CNBC in an email. and can cause fever, muscle and joint pain, severe headaches and even death in its most severe form.Singapore's National Environment Agency (NEA)...WW…