This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? You can subscribe. South Korea's Kospi rose 1.3%. It was boosted by shares of Samsung Electronics, which climbed around 3.6% even as the company moves to restore free expression and move to a Community Notes model, similar to the system on Elon Musk's platform X.
Employees took to their internal forum and raised as much as $2 billion at a $60 billion valuation, CNBC has confirmed. The funding round is being led by Lightspeed Venture Partners, according to a person familiar with the matter. Anthropic, which has been backed heavily by investors, is considered favorable in this Trump 2.0 era, according to GIB Asset Management's portfolio manager Kunal Desai. India is an attractive investment destination because of its monetary sovereignty and improving return on equity, Desai said.in the stock market. While Marks isn't calling it a bubble, he's concerned over signs of froth in equities. Here's what investors should pay attention to, according to Marks. An inflation reading typically secondary to more significant data points like the consumer price index, is sending shock waves through the market. The price index for December's ISM report jumped to 64.4% from 58.2% in November, representing a rise of more than 10%. It's the first time since January 2024 the reading has come in above 60%, noted Steve Miller, chair of ISM's Business Survey Committee. That might only be the start of an unwelcome upward trend. Miller attributes some of the expansion in service activity to risk management for impacts from ports strikes and potential tariffs — both of which generate inflationary pressures. U.S. Treasury yields surged to 4.699% during the U.S. trading day, the highest level since April 26. They also dialed down their expectations for a 25 basis points rate cut at the U.S. Federal Reserve's January meeting, pricing in a