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5 Hours Ago

CNBC Pro: Citi names one under-the-radar stock to buy on an AI opportunity, giving it 22% upside

Citi recently named one under-the-radar company to buy on a “data and AI opportunity.”

Citi noted that the company said its total addressable market has increased three times, thanks to its artificial intelligence opportunity.

CNBC Pro subscribers can read more here.

— Weizhen Tan

10 Hours Ago

Inflation still ‘irritatingly high,’ says Bankrate’s Hamrick

With the consumer price index showing inflation slightly eased in April, the “lack of a nasty surprise” was welcome, unlike March’s disappointingly high readings, said Mark Hamrick, senior economist at Bankrate.

That said, interest rates will still remain higher for longer, he noted.

“With the 3.4% year-over-year headline increase and 3.6% in the core (excluding food and energy), these remain irritatingly high,” Hamrick said. “The status of the battle against inflation requires that interest rates remain elevated in the near-term.”

— Michelle Fox

5 Hours Ago

CNBC Pro: India’s mid-cap stocks are in a ‘bubble’, says investor — and names the only stock he owns

2 Hours Ago

European markets: Here are the opening calls

European markets are expected to open higher Thursday.

The U.K.’s FTSE 100 index is expected to open 22 points higher at 8,442, Germany’s DAX up 26 points at 18,896, France’s CAC 7 points higher at 8,244 and Italy’s FTSE MIB up 64 points at 35,091, according to data from IG.

Earnings are due from Swiss Re, Zurich Insurance, Siemens, Deutsche Telekom, BT and EasyJet, among others. There are no major data releases.

— Holly Ellyatt

This article was originally published by a www.cnbc.com

Read it HERE


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