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Dow snaps winning streak
Squawk Box Europe Express
English - May 14, 2024 06:15 - 24 minutes - 22.5 MB - ★★★★ - 40 ratingsBusiness News News Business Investing stock market news market news karen tso europe business news squawk box podcast arabile gumede europe cnbc cnbc london european business news europe squawk box Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
The Dow’s eight-day winning streak is over as inflation concerns persist and U.S. producer price data is released later today. This ahead of tomorrow’s key CPI print. The meme stock craze is revived from a single post on social media with GameStop short positions reportedly losing close to $1bn in yesterday’s session. In commodities news, AngloAmerican shares fall more than 2 per cent in London after the miner turns down an improved $34bn takeover bid from rival BHP. OpenAI unveils both a new A.I. model as well as a desktop version of ChatGPT as it seeks to secure its position as market leader in generative artificial intelligence.
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