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Asia-Pacific markets set to rise, shrugging off geopolitical tensions and Powell probe
CNBC· 2026-01-12 23:59
Market Overview - Asia-Pacific markets opened higher, with traders ignoring geopolitical tensions in Iran and Venezuela, as well as a criminal investigation involving U.S. Federal Reserve Chair Jerome Powell [1] Japan Market Performance - Japan's Nikkei 225 index surged by 3.4% after resuming trading post-holiday, while the Topix index increased by 2.13% [2] - The ruling Liberal Democratic Party in Japan is expected to dissolve the Lower House later this month, with a snap election likely in February [2] - Major companies such as SoftBank saw gains of up to 5%, while Advantest and Tokyo Electron experienced significant increases of 8.99% and 8.31%, respectively [2] Bond Yields and Currency - Yields on the 10-year Japanese government bond rose over 5 basis points to 2.15%, while the 20-year bond yields surged over 8 basis points to 3.137% [3] - The Japanese yen weakened to a one-year low of 158.25 per dollar [3] South Korea Market Performance - South Korea's Kospi index increased by 0.62%, while the small-cap Kosdaq index decreased by 0.30% [3]
Cramer's Lightning Round: Sony is a buy
CNBC· 2026-01-12 23:54
Group 1 - CubeSmart's stock performance is criticized for lacking growth, with suggestions that there are better investment options available [1] - Sony's stock is considered undervalued, leading to a recommendation to buy [1]
Trump says any country doing business with Iran will face 25% U.S. tariff
CNBC· 2026-01-12 21:58
U.S. President Donald Trump takes questions from reporters, as he attends a meeting with oil industry executives, at the White House in Washington, D.C., U.S., Jan. 9, 2026.President Donald Trump on Monday said any country doing business with Iran will face a 25% tariff "on any and all business being done with the United States of America."That new tariff on imports from Iran's trading partners is "effective immediately," Trump said in a Truth Social post."This Order is final and conclusive. Thank you for y ...
Powell investigation: Drumbeat of Republican opposition grows on Capitol Hill
CNBC· 2026-01-12 19:13
U.S. Senator Lisa Murkowski (R-AK) walks after the Senate passes U.S. President Donald Trump’s sweeping spending and tax bill, on Capitol Hill in Washington, D.C., U.S., July 1, 2025.Republican protests are growing louder on Capitol Hill as the Trump administration's Department of Justice pursues a criminal investigation into Federal Reserve Chair Jerome Powell. Powell on Sunday night revealed that the Justice Department opened an investigation into his handling of renovations to the central bank's headquar ...
The Apple-Google AI deal is a massive win for investors in both tech giants
CNBC· 2026-01-12 17:31
A core pillar of our investment case in Google-owner Alphabet materialized Monday. Fellow Club name Apple selected Google's AI model, Gemini, to power the artificial intelligence features across Siri and other key products later this year. The multi-year partnership to integrate Gemini into Apple's foundation models, confirmed in an Apple statement obtained by Jim Cramer, represents a significant validation of Google's AI capabilities. "Gemini is the winner," Jim said Monday on " Squawk on the Street ," add ...
'Sell America' trade: Dollar drops, gold surges as Trump's Fed pressure campaign raises fears about U.S. system
CNBC· 2026-01-12 17:09
In this article@GC.1.DXYwatch nowStock Chart IconStock chart iconGold COMEX, all-timeJPMorgan's trading team also highlighted "Sell America" as a major driver for the market on Monday. Beyond the Powell investigation, the desk pointed out that oral arguments at the Supreme Court are scheduled for the case on whether Trump can fire Fed Governor Lisa Cook later this month. On top of that, bank stocks dropped after Trump called for a one-year credit card interest rate cap at 10%."Combined, the 'Sell America' t ...
Greenspan, Bernanke, Yellen and other past officials say Trump using 'prosecutorial attacks' to undermine Fed
CNBC· 2026-01-12 15:57
Former Federal Reserve chairman Ben Bernanke speaks after he was named among three U.S. economists awarded the 2022 Nobel Economics Prize, during a news conference at the Brookings Institution in Washington, October 10, 2022."This is how monetary policy is made in emerging markets with weak institutions, with highly negative consequences for inflation and the functioning of their economies more broadly," it continued. "It has no place in the United States whose greatest strength is the rule of law, which is ...
Alphabet hits $4 trillion market capitalization
CNBC· 2026-01-12 15:30
Core Insights - Alphabet has joined the $4 trillion market capitalization club, becoming the fourth company to achieve this milestone alongside Nvidia, Microsoft, and Apple [2][3] - Alphabet's shares increased by approximately 1% following Apple's announcement that it would use Google's Gemini for its AI models and the next generation of Siri [1] - The company's stock surged by 65% in 2025, marking its most significant rally since 2009 [3] Company Performance - Alphabet's entry into the $4 trillion club follows a strong performance on Wall Street, with a notable increase in share value [3] - The company has successfully navigated regulatory challenges and has made significant advancements in AI technology [4] Technological Advancements - Alphabet has introduced Ironwood, its seventh generation of tensor processing units, which is seen as a competitor to Nvidia's products [4] - The launch of Gemini 3 received positive reviews, contributing to Alphabet's resurgence in the AI sector [4]
Apple picks Google's Gemini to run AI-powered Siri coming this year
CNBC· 2026-01-12 15:20
Core Viewpoint - Apple is collaborating with Google to enhance its artificial intelligence capabilities, particularly for products like Siri, utilizing Google's Gemini models and cloud technology [1] Group 1 - The partnership is described as a multi-year collaboration aimed at developing foundational models for Apple [1] - Apple expressed confidence in Google's technology, stating it provides the most capable foundation for their future models [1] - The collaboration is expected to unlock innovative experiences for Apple users [1]
Yellen says Powell probe 'extremely chilling' for Fed independence, market should be concerned
CNBC· 2026-01-12 15:08
Treasury Secretary Janet Yellen speaks with CNBC from the New York Federal Reserve on Sept. 26th, 2024.Former Federal Reserve Chair Janet Yellen on Monday condemned an investigation into her successor, Jerome Powell, saying it compromises the central bank's independence.Yellen, who served as Treasury secretary after leaving the Fed, added that she thinks financial markets should be more concerned about a situation that she called "extremely chilling.""I'm surprised the market isn't more concerned. It seems ...