Adena Friedman, CEO & Board Chair NASDAQ, speaking on CNBC’s Squawk Box at the WEF Annual Meeting in Davos, Switzerland on Jan. 16th, 2024. Adam Galici | CNBC Nasdaq CEO Adena Friedman believes the Federal Reserve should be wary of cutting interest rates too soon. Speaking at a CNBC-moderated panel at the World Economic Forum in … Read more
Here are the most important news items that investors need to start their trading day: 1. Short week ahead Earnings and economic data could drive stocks in a shortened U.S. trading week. Goldman Sachs and Morgan Stanley will headline the week’s results when they report Tuesday morning. U.S. December retail sales data due Wednesday will … Read more
The Morgan Stanley headquarters is seen in New York City on Jan. 17, 2023. Michael M. Santiago | Getty Images Morgan Stanley reported fourth-quarter earnings before the bell Tuesday. Here’s how the bank did compared with Wall Street expectations: Earnings per share: 85 cents, may not compare with $1.01 expected, according to LSEG Revenue: $12.9 … Read more
Bill Winters, chief executive officer of Standard Chartered, said the U.S. Federal Reserve looks set to pause its interest rate cycle in June get a better read on the latest inflation data. Bloomberg | Getty Images Former U.S. President Donald Trump would be a “transactional president” if he returns to power, but is unlikely to … Read more
China’s Prime Minister Li Qiang (L) waves as Swiss President Viola Amherd looks on during an official visit in Kehrsatz, near Switzerland’s administrative capital Bern on January 15, 2024. Li Qiang, is visiting Switzerland to attend the 54th World Economic Forum Annual (WEF) which is taking place from January 14-19 in Davos. (Photo by PETER … Read more
Brad Garlinghouse, chief executive officer of Ripple Labs Inc., speaks during the Token2049 conference in Singapore, on Wednesday, Sept. 13, 2023. Joseph Nair | Bloomberg | Getty Images Ripple CEO Brad Garlinghouse fired off criticism at U.S. Securities and Exchange Commission Chairman Gary Gensler on Tuesday, calling the SEC chief a “political liability” amid an … Read more
Oliver Bäte, chief executive of German insurance group Allianz. Nurphoto | Nurphoto | Getty Images A growing detachment between political leaders and populations presents the biggest risk in a busy election year, according to Allianz CEO Oliver Bäte. Alongside an expanding conflict in the Middle East and Russia’s ongoing war in Ukraine, a plethora of … Read more
Signage ahead of the World Economic Forum Annual Meeting in Davos, Switzerland on Jan. 15th, 2024. Adam Galici | CNBC This 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? … Read more
Mario Centeno, governor of Banco de Portugal. Bloomberg | Bloomberg | Getty Images Euro zone inflation is moving in the right direction, Portugal’s central bank governor Mario Centeno said Tuesday, despite his peers on the European Central Bank Governing Council striking a more hawkish tone in recent days. “We target medium term inflation, we don’t … Read more
Flags displayed ahead of the World Economic Forum Annual Meeting in Davos, Switzerland. Adam Galici | CNBC This 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. … Read more
