Rising yields couldn’t stifle excitement over Nvidia

Rising yields couldn’t stifle excitement over Nvidia

A sign is posted at the Nvidia headquarters in Santa Clara, California, May 25, 2022. Justin Sullivan | Getty Images This report is from today’s CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you … Read more

China rates, FTSE 100, DAX, CAC 40

China rates, FTSE 100, DAX, CAC 40

An Hour Ago Europe stocks open higher The pan-European Stoxx 600 index opened higher Monday, and was up by 0.5% at 8:50 a.m. London time. All sectors posted gains, led by oil and gas, up 1.17%. France’s CAC 40 advanced 0.8% as Germany’s DAX and the U.K.’s FTSE 100 gained 0.5% and 0.2%, respectively. See … Read more

More trouble ahead for U.S. banks

More trouble ahead for U.S. banks

Spencer Platt | Getty Images This report is from today’s CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? You can subscribe here. Beset by worriesMajor U.S. indexes tumbled, weighed down by losses in … Read more

More obstacles for U.S. banks

More obstacles for U.S. banks

A woman walks past JPMorgan Chase & Co’s international headquarters on Park Avenue in New York. Andrew Burton | Reuters This report is from today’s CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you … Read more

Inflation, Italian banks in focus

Inflation, Italian banks in focus

4 Hours Ago Stocks open little changed The three major indexes were near flat at open. The Dow, S&P 500 and Nasdaq Composite were all within 0.1% of their flatlines shortly after 9:30 a.m. ET. — Alex Harring 5 Hours Ago British insurer Hiscox down 9% after weak retail outlook Hiscox was the worst performer … Read more

Banks’ Near $50 Billion In Stock Losses Set Up Market For One Of 2023’s Worst Days

Banks’ Near $50 Billion In Stock Losses Set Up Market For One Of 2023’s Worst Days

Topline Wobbly investor confidence in banks caused major stock indexes to suffer significant losses Tuesday, a familiar tune not heard in months. week. Are concerns about bank stocks more bark or bite? Getty Images Key Facts Moody’s downgraded its rating for 10 regional institutions including M&T Bank late Monday, put larger banks like State Street, … Read more

Apple Needs a Plan of Action. What It Can Learn from Amazon.

Apple Needs a Plan of Action. What It Can Learn from Amazon.

Apple and Amazon’s earnings were a tale of two tech companies. Apple is stuck in a sales slump and investors are starting to get nervous. The company’s sales have now fallen for three consecutive quarters, and it expects another decline in the current quarter. Amazon, on the other hand, impressed with strong profits and better-than-expected … Read more

Fed hikes may lead to more U.S. regional bank failures

Fed hikes may lead to more U.S. regional bank failures

“You keep squeezing the toothpaste tube, you keep rolling it up, you keep raising rates, and you know things are going to break, you just don’t know when and where,” Kevin O’Leary told CNBC’s “Street Signs Asia” on Thursday. “I am telling investors that I work with and I advise … let’s wait 90 days … Read more

For most business, new Fed rate means loans now at 10%-plus interest

For most business, new Fed rate means loans now at 10%-plus interest

The Federal Reserve raised its benchmark interest rate by 50 basis points on Wednesday, which sends small business loans to the double-digits percentage range for the first time in decades. Small business loans are based on the Prime Rate, which will now be 7.5%, the highest since 2007 and pushing most SBA loans to a … Read more