CNBC Pro: What a tech fund manager expects from Apple and Alphabet’s earnings this week Microsoft released a disappointing earnings forecast last week, but its stock has since risen. What does this mean for other Big Tech companies that should report earnings? Technology fund manager Jeremy Gleeson, who manages the £1.1 billion ($1.5 billion) AXA … Read more
CNBC Pro: What a tech fund manager expects from Apple and Alphabet’s earnings this week Microsoft released a disappointing earnings forecast last week, but its stock has since risen. What does this mean for other Big Tech companies that should report earnings? Technology fund manager Jeremy Gleeson, who manages the £1.1 billion ($1.5 billion) AXA … Read more
It may have a strange, UFO-like appearance, but that mysterious blue spiral in the sky has a much more mundane explanation. The spectacular sight – which has baffled skywatchers over Hawaii – is actually part of the aftermath of a SpaceX rocket launch. It was captured by the Subaru Telescope, located atop Maunakea, shortly after … Read more
Indonesian and Indian currencies not seen as benefiting from China’s reopening: ANZ Unlike other emerging market currencies, the Indonesian rupiah and Indian rupiah did not gain much of China’s reopening, said Khoon Goh, head of Asia research at ANZ Bank. These currencies have “delayed moves…because these two economies are not seen as huge beneficiaries of … Read more
Gambling shares jump after China grants licensing approvals Hong Kong-listed gaming stocks rose after China granted licensing approvals for 88 gamesamong them NetEase, Tencent Holdings and miHoYo, marking a further easing of the crackdown on gambling in Beijing. Shares of NetEase jumped as much as 6.81% in early trade, hitting its highest level in more … Read more
Chinese house prices drop again in December Home prices in China fell 1.5% in December nationally on an annualized basis, according to Refinitiv calculations of data from the National Bureau of Statistics watch. House prices fell 0.25% in December on a monthly basis, the same rate of decline seen in November. Existing home prices fell … Read more
Wholesale prices in Japan rise faster than expected Japan’s producer prices, or wholesale prices, rose 10.2% in December from a year ago, according to official data. It was more than the 9.5% rise expected by economists polled by Reuters and marked the third straight rise in monthly readings. The country’s producer prices rose 0.5% on … Read more
Singapore’s Minister of Health, Ong Ye Kung told Parliament on Monday that the government does not impose new restrictions on travelers from China because limited flight capacity, combined with its current border policies, has resulted in few imported cases – and even fewer severe cases – from China. Ong said the government was “extremely aware” … Read more
Singapore’s Minister of Health, Ong Ye Kung told Parliament on Monday that the government does not impose new restrictions on travelers from China because limited flight capacity, combined with its current border policies, has resulted in few imported cases – and even fewer serious cases – from China. Ong said the government was “extremely aware” … Read more
Citi expects a ‘short and shallow’ recession, followed by an economic recovery in 2024 Citi chief investment strategist Steven Wieting expects a “short and shallow” recession to kick in, adding the economy could recover in 2024. As inflation recedes, some of the “burdens that the economy [was] bearing” were lost, Wieting told CNBC. “With a … Read more