UK economy unexpectedly shrunk before Budget

Pedestrians walk past British Union flag designs on advertisements. Simon Dawson | Bloomberg | Getty Images The U.K. economy unexpectedly contracted 0.1% in the three months to October, according to official figures released Friday. Economists had expected 0% growth over the period. It follows a 0.1% expansion over the three months to September. The Office…

Read More

India’s $3.3 trillion opportunity for global fund houses

An undated editorial illustration of Indian rupee cash bills and a stock market indicator board. Javier Ghersi | Moment | Getty Images This report is from this week’s CNBC’s “Inside India” newsletter which brings you timely, insightful news and market commentary on the emerging powerhouse. Subscribe here. The big story The growing pool of investors in…

Read More

Broadcom stock reverses lower on a misinterpretation of what the CEO said on the earnings call

Broadcom on Thursday evening reported another strong quarter and better-than-expected guidance for the current quarter. Nonetheless, the Club stock gave up its initial pop and traded sharply lower as the Q & A session of the post-earnings conference call kicked off. Investors were apparently not satisfied with CEO Hock Tan’s answer to an important question….

Read More

Nikkei 225, Nifty 50, Kospi, Hang Seng Index

Mount Fuji and the Shinjuku skyline in Tokyo, Japan, on Friday, Feb. 14, 2025. Photographer: Kiyoshi Ota/Bloomberg via Getty Images Bloomberg | Bloomberg | Getty Images Asia-Pacific markets traded mostly higher Friday, tracking Wall Street gains after two key benchmarks hit new records on the heels of the recent Federal Reserve decision to cut rates….

Read More