An hour ago
Li Auto shares jump over 20% after earnings results
Shares of Chinese electric vehicle maker Li Auto rose over 22% to trade at 171.2 Hong Kong dollars per share, their highest since August 2023, according to LSEG.
On Monday, Li Auto reported a 2,068.2% year-on-year rise in fourth-quarter net profit. Li Auto's total deliveries for 2023 also increased by 182.2% compared to 2022 to 376,030 vehicles.
The company's shares were recently trading 21.94% higher.
–Lee Ying Shan
4 hours ago
Paytm shares rise after CEO quits payments bank's board
Shares of Paytm owner One 97 Communications rose 5% in early Indian trading on Tuesday after the company's chief executive resigned from the board of its payments banking division.
The company said in a press release late on Monday that Vijay Shekhar Sharma would relinquish his role as non-executive chairman and board member of Paytm payments bank as part of a comprehensive board reshuffle.
Paytm's banking division has been directed by the Reserve Bank of India to stop accepting new deposits into its accounts or digital wallet from March 15.
It is also reportedly being investigated by the Federal Anti-Fraud Agency for possible violations of foreign exchange laws.
—Shreyashi Sanyal
7 hours ago
Core consumer prices in Japan fall year-on-year in January
Data showed that core consumer prices in Japan rose more slowly in January compared to a year earlier.
Core CPI rose 2% year over year in January. Japan's central consumer price index includes oil products but excludes fresh food prices.
The reading was still above Portal poll expectations for a 1.8% rise from a year earlier.
The core CPI reading was also in line with the Bank of Japan's inflation target of 2%.
—Shreyashi Sanyal
8 hours ago
CNBC Pro: This stock is even “hotter” than Nvidia — and it's “not as overvalued,” says a veteran investor
Nvidia isn't the only star of the artificial intelligence boom – there's an even “hotter” one right now, according to Louis Navellier, chairman and founder of Navellier & Associates.
“They exceeded their forecast. And it’s not currently in the S&P 500. They’ll probably be added,” he said of the stock.
CNBC Pro subscribers can read more here.
– Weizhen Tan
8 hours ago
CNBC Pro: How to invest $100,000 now, according to the pros
The stock markets had a good start to the year: the benchmark S&P 500 exceeded the 5,000 mark at the beginning of the month and the European Stoxx 600 index reached an all-time high.
Looking ahead, market consensus sees “a perfect combination of bullish factors,” according to Wells Fargo Investment Institute’s Paul Christopher – but he’s not so sure.
As investors consider how and where to invest in this uncertain climate, CNBC Pro asked market experts where they recommend allocating $100,000.
CNBC Pro subscribers can read more here.
—Amala Balakrishner
9 hours ago
Stocks make the biggest moves after hours
These are some of the stocks seeing notable moves in extended trading:
- Zoom Video – The video conferencing stock rose 11% following a better-than-expected fourth-quarter earnings report.
- CarGurus – The online car dealer platform fell 9% after issuing poor guidance for the current quarter.
- Hims & Hers – The consumer-focused healthcare platform rose 15% after earnings and forecasts beat Wall Street forecasts.
Read more here.
—Alex Harring
12 hours ago
Crypto stocks rise as Bitcoin breaks $54,000 for the first time since December 2021
In this photo illustration, a visual representation of the digital cryptocurrency Bitcoin is seen on January 9, 2024 in London, England.
Dan Kitwood | Getty Images
Stocks tied to the price of Bitcoin rose sharply in late afternoon trading as the cryptocurrency shot above $54,000 for the first time since December 2021.
Coinbase rose 17% while Microstrategy gained 16%. Riot Platforms and Marathon Digital, the largest Bitcoin miners, rose 16% and 22%, respectively.
Most of the crypto market has been boosted by Bitcoin. Ether gained more than 2% to trade at $3,173.08. Solana and Cardano's ADA token gained around 4% each, while Polygon's MATIC token gained 7%.
Bitcoin trading was flat in the week leading up to Monday morning as the breakout began, pushing it to a monthly rise of 27%.
– Tanaya Macheel