LONDON — Welcome back to CNBC’s live blog covering all the latest news, views and action on day 3 of the World Economic Forum in Davos, Switzerland.CNBC’s guest highlights today include ECB President Christine Lagarde, who will speak to Karen Tso at 9:15 a.m. Davos time, and Spanish Prime Minister Pedro Sanchez, who will be interviewed by Steve Sedgwick at 8:40 a.m. local time.Mark Rutte, the head of NATO, Polish President Andrzej Duda, Dick Schoof, the Netherlands’ prime minister, as well as Saudi Arabia’s Finance Minister Mohammed Al Jadaan and Finnish President Alexander Stubb will also speak to CNBC at…
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Israeli security forces on Tuesday embarked on a military operation in Jenin, a Palestinian city in the Israeli-occupied West Bank, as Israel turned its focus to an area seen as a hotbed of militancy just days after a temporary cease-fire took hold in Gaza.Prime Minister Benjamin Netanyahu of Israel said in a statement that the operation, the latest in a string of West Bank raids over the past year, was aimed at “eradicating terrorism” and would be “extensive and significant.” The Palestinian Authority’s health ministry reported that eight people had been killed and at least 35 injured during the first…
Palo Alto Networks shares surged Tuesday after Wall Street analysts said it’s time to consider buying the stock after its recent pullback. The news In a note to clients, Morgan Stanley said there’s an “increasingly attractive entry point” in Palo Alto stock after a lackluster start to 2025. The analysts, who raised their price target to $230 from $223, forecasted the share price could double in the next four to five years. The catalysts they cited include larger deals and more market share gains. “Given tighter overall [client IT] budgets and a highly fragmented security landscape, the desire for vendor…
US Secretary of State Marco Rubio (2R) stands alongside Indo-Pacific Quad ministers, L-R, Japanese Foreign Minister Iwaya Takeshi, Indian Foreign Minister Subrahmanyam Jaishankar and Australian Foreign Minister Penny Wong, during a photo opportunity before meetings at the State Department in Washington, DC, on January 21, 2025. Andrew Caballero-reynolds | Afp | Getty ImagesThe United States, Australia, India and Japan recommitted to working together on Tuesday, after the first meeting of the China-focused “Quad” grouping’s top diplomats since President Donald Trump returned to the White House.In a joint statement after the talks in Washington, hosted by U.S. Secretary of State Marco Rubio on his first…
LONDON — European stocks are expected to open higher Wednesday, continuing positive sentiment seen in global markets since the start of the week.The U.K.’s FTSE index is expected to open 7 points higher at 8,557, Germany’s DAX up 98 points at 21,140, France’s CAC 40 up 13 points at 7,786 and Italy’s FTSE MIB up 123 points at 36,311, according to data from IG.Global stock markets have been trading higher earlier this week as investors digested the first executive orders that newly inaugurated U.S. President Donald Trump signed on Monday.Market gains were attributed to the fact that, while Trump issued a broad memorandum…
CNBC’s Jim Cramer on Tuesday reviewed the market reaction to Taiwan Semiconductor Manufacturing Company’s earnings report last week, saying the sector — especially capital equipment companies — got a boost from chip maker’s high figures and strong outlook.”With its bullish report last Thursday, Taiwan Semi was able to remind investors how powerful this theme is,” he said. “Essentially resetting the entire narrative for everyone operating in the high-end semiconductor world, including the semiconductor capital equipment companies that stood out as some of the biggest beneficiaries.”TSMC is the world’s largest contracted chip manufacturer, producing advanced processors for high-profile companies with deep…
Photo illustration shows the TikTok logo displayed on a mobile phone screen.Sopa Images | Lightrocket | Getty ImagesCanadian investor Kevin O’Leary is still interested in a TikTok deal, but it’s not possible under current law, he told CNBC, as President Donald Trump extended the deadline for a ban on the social media platform.As part of a wave of executive orders after his inauguration Monday, Trump delayed by 75 days the imposition of a law that would see TikTok effectively banned, allowing his administration “an opportunity to determine the appropriate course of action.” Trump had promised the move in a social media…
Bimla Bissell, the indispensable and well-connected social secretary to four American ambassadors to India who was a kind of unofficial ambassador herself, a shrewd local guide to the culture and complexities of a sprawling country, died on Jan. 9 at her home in Delhi. She was 92.The cause was complications of diabetes, her daughter, Monsoon Bissell, said.Ms. Bissell’s first ambassadorial boss was John Kenneth Galbraith, the erudite liberal economist who forged a deep bond with Prime Minister Jawaharlal Nehru of India. He was followed by Chester Bowles, the adman turned civil rights champion.Both were appointees of John F. Kennedy, and…
US President Donald Trump signs executive orders during the inaugural parade inside Capital One Arena, in Washington, DC, on January 20, 2025. Angela Weiss | Afp | Getty ImagesPresident Donald Trump granted a full pardon on Tuesday to Ross Ulbricht, the founder of Silk Road. The infamous dark web marketplace served as a global hub for illicit drug sales that prosecutors said had contributed to the death of at least six people. Ulbricht, 40, had been serving a life sentence without the possibility of parole since 2015, after he was convicted in federal court on seven charges that included distributing narcotics…
US President Donald Trump displayed on a television during a news broadcast on the floor of the New York Stock Exchange (NYSE) in New York, US, on Tuesday, Jan. 21, 2025. Michael Nagle | Bloomberg | Getty ImagesThis 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 todayTrump to announce AI infrastructure investmentPresident Donald Trump on Tuesday announced a joint venture — Stargate — with OpenAI, Oracle and Softbank…
