Italy’s Mediobanca rejects Monte dei Paschi’s takeover bid
The logo of a Mediobanca Premier bank branch in Brescia, Italy, on Friday, Jan. 24, 2025. Bloomberg | Bloomberg | Getty Images Shareholders of Italian lender Mediobanca on Tuesday rejected a 13-billion-euro takeover offer from smaller domestic peer Monte dei…
DeepSeek: BBC correspondent explains what the Chinese AI bot is
Chinese AI bot DeepSeek has disrupted the stock market, with US President Donald Trump calling its rise “a wake-up call” for the US tech industry. DeepSeek – which claims its model was made at a fraction of the cost of…
General Motors (GM) earnings Q4 2024
The GM logo is seen on the facade of the General Motors headquarters in Detroit on March 16, 2021. Rebecca Cook | Reuters DETROIT — General Motors beat Wall Street’s top- and bottom-line expectations for the fourth quarter, while forecasting…
White House pauses federal grants and loans
A deadline of 17:00 EST (22:00 GMT) has been set. Each agency is told to pause the issuing of new awards as well as the disbursement of funds under existing awards. The memo further demands that all agencies report which…
HSBC to exit M&A, capital markets businesses in UK, Europe and U.S.
Branch of HSBC bank on 15th January 2024 in London, United Kingdom. HSBC Bank plc is a British multinational banking and financial services organisation. HSBCs international network comprises around 7,500 offices in over 80 countries globally. (photo by Mike Kemp/In…
DR Congo conflict: Peace calls mount amid conflict in Goma
On Tuesday, South Africa said that four more of its soldiers, who are in DR Congo as part of peacekeeping efforts, had died as a result of clashes with the M23. This brings the total number of South African casualties…
Nvidia’s plunge a difficult lesson for investors betting on single-stock ETFs
Single-stock ETFs betting heavily on Nvidia’s blistering rally plunged overnight, tracking losses in the chip darling’s shares, calling into question the reliability of the investment vehicle. The GraniteShares 2x Long NVDA Daily ETF (NVDL) fell over 33.78% overnight. The Direxion…
Watch DeepSeek AI bot respond to question about China
An AI-powered chatbot by the Chinese company DeepSeek has quickly become the most downloaded free app on Apple’s store, following its January release in the US. The app has sparked chaos in the US markets and raised questions about the…
DeepSeek batters Nvidia but reinforces AI trend
Justin Sullivan | Getty Images 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?…
DeepSeek: Trump warns of ‘wake-up call’ for US tech firms
On Tuesday, shares in Japanese AI-related firms including Advantest, Softbank and Tokyo Electron fell sharply, helping to push the benchmark Nikkei 225 down by around 1%. Several other markets in Asia are closed for the Lunar New Year holiday. Mainland…
