A version of this article first appeared in CNBC's Inside Wealth newsletter with Robert Frank, a weekly guide to the high net worth investor and consumer.
Bill Ackman's Pershing Square has built a position in Microsoft, as the hedge fund manager said the software giant's recent pullback created a rare opportunity to buy one of the world's dominant technology franchises at a compelling valuation.
South Korea's benchmark Kospi index reached a new record high of over 8,000, rising more than 0.6% on Friday, driven by investor optimism amid ongoing high-stakes discussions between U.S.
Cisco CEO Chuck Robbins told CNBC on Thursday that skyrocketing demand for artificial intelligence tools and equipment is powering the industry toward a "networking supercycle." Shares jumped 14% and headed for their best day in more than two decades after Cisco blew past its AI infrastructure and hyperscaler guidance orders for the fiscal year and lifted its forecast from $5 billion to $9 billion.
Polestar, the electric vehicle manufacturer, has reported a shift in consumer concerns from 'range anxiety'—the fear of running out of battery power—to 'pump anxiety,' which reflects worries about rising fuel prices due to geopolitical tensions in the Middle East.