2 hours ago Alibaba’s reform could be followed by technology partners: KraneShares According to KraneShares CIO Brendan Ahern, Alibaba’s big change could be followed by its Chinese technology partners. “I think investors will say what we saw in Alibaba, which is really the technology leader in China, that others can take advantage of their plans,” … Read more
Sen. Tim Scott, RS.C., right, greets Michael Barr, off camera, vice chairman for oversight of the Board of Governors of the Federal Reserve System, in the Dirksen Building on Tuesday, March 28, 2023. Tom Williams | Cq-roll Call, Inc. | Getty Images This report is from today’s CNBC Daily Open, our new international markets newsletter. … Read more
Micron Technology headquarters in Boise, Idaho on March 28, 2021. Jeremy Erickson | Bloomberg | Getty Images Take a look at the companies making headlines in midday trading on Tuesday. PagSeguro – Shares rose 5.3 percent after Citi upgraded the Brazilian payment stock to buy from neutral. The company called the company’s fourth-quarter earnings surprising … Read more
An hour ago Chinese companies under investigation in the US because of the Chinese Communist Party: analyst Chinese companies have come under scrutiny in the United States because of their ties to the Chinese government, Lindsay Gorman, a senior fellow at the German Marshall Fund’s Alliance for Securing Democracy, told CNBC. “This is a tough … Read more
Bloomberg News reported Saturday that U.S. officials are considering expanding federal programs that provide liquidity to banks, in part to help First Republic as it searches for a buyer. CNBC reported on Saturday that deposit flows to major banks from smaller regions have slowed significantly. Regional bank stocks have come under significant pressure this month … Read more
Market tails seem to be building momentum. UAW elections signal tough labor negotiations for auto giants. Israel erupts into chaos over controversial legal reforms. A specialist trader works on the floor of the New York Stock Exchange (NYSE) in New York, March 23, 2023. Brendan McDermid | Reuters Here are the key news investors need … Read more
The Governor of the Central Bank of Saudi Arabia, Ammar al-Khudairy, has resigned from his position. He will be replaced by SNB CEO and Group CEO Mohammed al-Ghamdi. Al-Khudairy’s resignation comes days after he made comments in mid-March that the SNB was unlikely to increase its stake in Credit Suisse at a time when the … Read more
The US pharmaceutical giant Pfizer has signed an agreement with China on cooperation to improve the country’s health security, the company says. “We are very much in line with China’s “Healthy 2030″. [initiative] and we try to contribute as much as we can,” Pfizer CEO Albert Bourla told CNBC’s Eunice Yoon on Saturday. Pfizer’s memorandum … Read more
Local government direct debt will exceed 120% of revenue in 2022, analysts at S&P Global Ratings said, which is more than what Beijing has informally said is an acceptable level of debt. In the government’s annual work report published this month, an entire section was devoted to the prevention and dismantling of large risks related … Read more
32 minutes ago CNBC Pro: Here’s how to find a good growth stock, according to one fund manager “As a growth manager… how do you identify good growth companies?” fund manager Ian Mortimer told CNBC Pro Talks on Wednesday as he shared his strategy for spotting better-performing stocks. Mortimer manages the Guinness Global Innovators Fund, … Read more