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2 hours ago
Japan’s core consumer prices in January fell year-on-year
The pace of increase in Japan’s core consumer prices slowed in January compared to a year ago, data showed.
Core CPI rose 2% year-on-year in January. Japan’s core consumer price index includes petroleum products but does not include prices for fresh food.
This still exceeded the 1.8% year-on-year increase expected in a Reuters poll.
Core CPI measurements were also consistent with the Bank of Japan’s 2% inflation target.
— Shreyashi Sanyal
3 hours ago
CNBC Pro: This stock is even more ‘hot’ than Nvidia and ‘not that expensive,’ says veteran investor.
Nvidia isn’t the only star of the artificial intelligence boom. In fact, there’s an even “hotter” boom right now, according to Louis Navellier, chairman and founder of Navellier & Associates.
“It beat guidance,” he said of the stock, “and it’s not currently in the S&P 500. It’s probably going to be added.”
CNBC Pro subscribers can read more here.
— Tan Weizhen
3 hours ago
CNBC Pro: How to invest $100,000 today from a pro
Stock markets are off to a strong start this year, with the S&P 500 index exceeding 5,000 earlier this month and Europe’s Stoxx 600 index hitting an all-time high.
Looking ahead, the market consensus is “the perfect combination of bullish factors,” said Paul Christopher of Wells Fargo Investment Research, but he’s not sure.
As investors ponder where and how to invest in this uncertain climate, CNBC Pro asked market experts where they recommend allocating $100,000.
CNBC Pro subscribers can read more here.
— Amara Balakrishna
3 hours ago
Stocks whose prices fluctuate significantly after hours
Below are some stocks that are making notable moves in after-hours trading.
- Zoom Video — Video conferencing stock rose 11% after a better-than-expected fourth-quarter earnings report.
- CarGurus — The online auto retailer platform fell 9% due to a lackluster outlook for the current quarter.
- Hims & Hers — The consumer-focused health platform soared 15% after revenue and guidance beat Wall Street expectations.
Please see here for the detail.
— Alex Harring
6 hours ago
Cryptocurrency stocks soar as Bitcoin exceeds $54,000 for the first time since December 2021
This photo illustration provides a visual representation of the digital cryptocurrency Bitcoin. Seen in London, England on January 9, 2024.
Dan Kitwood | Getty Images
Stocks related to Bitcoin prices soared in late afternoon trading as the currency broke above the $54,000 level for the first time since December 2021.
Coinbase soared 17% and Microstrategy soared 16%. Riot Platforms and Marathon Digital, two of the biggest bitcoin miners, soared 16% and 22%, respectively.
Most of the cryptocurrency market rose from Bitcoin. Ether rose more than 2% to trade at $3,173.08. Solana and Cardano’s ADA tokens each rose about 4%, while Polygon’s MATIC token gained his 7%.
Bitcoin traded sideways for the week ending Monday morning after the breakout began, putting it on track for a 27% monthly gain.
— Tanaya Machel
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