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Britain’s Prime Minister Keir Starmer gives a media interview while attending the 79th United Nations General Assembly at the United Nations Headquarters in New York, U.S. September 25, 2024.Leon Neal | Via ReutersThe United Kingdom is pursuing investment from America’s biggest banks and tech giants, as the country looks to infuse growth in its stagnant economy. “We now have a Labour government whose number one priority is wealth creation,” U.K. Prime Minister Keir Starmer told CNBC’s Andrew Ross Sorkin in an exclusive broadcast interview Thursday.”We are a Labour party that is proud to say we are pro business just as much…
Most analysts think that September’s top-performing stocks could continue their ascent. September is a traditionally dicey for stocks: It’s the worst month of the year for the S & P 500 , according to the Stock Trader’s Almanac . Indeed, the market had a rocky start to the month, but the major averages have largely put in a strong showing after the Federal Reserve’s outsized rate cut . The three major indexes are all on pace to September higher than where they began. The S & P 500 and Dow Jones Industrial Average are both up more than 1% this…
China’s CSI 300 stock index, which just had its best week since 2008 , could rise 10% in the near term, according to Morgan Stanley’s Laura Wang. The CSI 300, which tracks major stocks on the Shanghai and Shenzhen exchanges, on Friday closed at 3,703.68 points, up 15.7% for the week. Wang, chief China equity strategist at Morgan Stanley, told CNBC’s ” Street Signs Asia ” Friday that the index could rise by another 10%. But she cautioned that more details on Beijing’s recent economic stimulus measures were needed for a sustained rally. “Well, we actually think that there is…
(This is CNBC Pro’s live coverage of Friday’s analyst calls and Wall Street chatter. Please refresh every 20-30 minutes to view the latest posts.) A casino operator and a PC maker were among the stocks being talked about by analysts on Friday. Deutsche Bank reinstated Dell Technologies as a buy, calling for nearly 14% upside. Meanwhile, Morgan Stanley upgraded Wynn Resorts to overweight from equal weight. Check out the latest calls and chatter below. All times ET. 5:49 a.m.: Morgan Stanley upgrades Wynn Resorts A few key catalysts could send shares of Wynn Resorts higher, according to Morgan Stanley. The…
Meta CEO Mark Zuckerberg presents Orion AR Glasses, as he makes a keynote speech during the Meta Connect annual event, at the company’s headquarters in Menlo Park, California, U.S. September 25, 2024. Manuel Orbegozo | ReutersThe most impressive aspect of Meta’s Orion augmented-reality glasses has more to do with size and comfort than flashy computer graphics.CNBC senior media and tech correspondent Julia Boorstin was able to use Orion this week at Meta’s annual Connect conference, and she was captivated by the prototype’s compact form relative to the various Meta Quest and Apple Vision Pro virtual reality headsets.”What was really striking to…
Traders work on the floor of the NYSE. NYSEThis report is from today’s CNBC Daily Open, our 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.What you need to know todayAll-time high, againMajor U.S. indexes rose on Thursday, with the S&P 500 notching a fresh closing high. Asia-Pacific markets mostly rose Friday. China’s CSI 300 is posed for a weekly rally of almost 15%, its best since November 2008, while Hong Kong’s Hang Seng index looks to gain 12.85% for the week,…
The Alibaba office building is seen in Nanjing, Jiangsu province, China, Aug 28, 2024. CFOTO | Future Publishing | Getty ImagesChinese tech stocks, including beaten-down names like Alibaba, rallied this week, hitting highs not seen in more than a year after China’s central bank announced measures to stimulate the world’s second-largest economy.The Hang Seng Tech Index in Hong Kong, which contains most of the big Chinese tech stocks, closed up nearly 6% at its highest level since early August 2023. The index is up 20% this week.Alibaba closed above $100 per share for the first time since August last year in…
HUAI’AN, CHINA – APRIL 29, 2024 – A worker produces chips for mobile phones, cars, LED lighting at a workshop in Huai ‘an city, Jiangsu province, China, April 29, 2024. Costfoto | Nurphoto | Getty ImagesChina is scrambling to counter U.S. chip restrictions, but its attempts at manufacturing key equipment reveal it’s not just a matter of spending billions.Making the most advanced semiconductors requires cutting-edge lithography scanners to print the small, complex circuit designs onto microchips. Netherlands-based ASML is the only company in the world that can make those machines. But the Dutch government has banned the sale of its most…
Tiger Woods speaks during the launch of Tiger Woods and TaylorMade Golf’s new apparel and footwear brand “Sun Day Red” at Palisades Village on February 12, 2024 in Pacific Palisades, California.Kevork Djansezian | Getty Images Sport | Getty ImagesTiger Woods’ new logo for his Sun Day Red golf apparel line is facing a trademark dispute.Tigeraire, a company that makes cooling products for athletes, has filed a notice of opposition with the U.S. Patent and Trademark Office, alleging that Sun Day Red and Tiger Woods have “unlawfully hijacked” Tigeraire’s design into their own branding.Zoom In IconArrows pointing outwardsApplicant’s Marks and the…
