Today's CNBC Daily Open newsletter covers the surge in Direct Line Group's shares following takeover speculation, alongside potential shifts in U.S. export policies towards China and the tungsten supply market.
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 subscribefrom gains earlier in the day. Shares of British insurance firm Direct Line surged 41.4%, their highest level since early 2023, after it said a takeover offer from rivalthat the U.S. might implement export restrictions that are less strict than expected.
But there are more fundamental reasons some strategists aren't sure bitcoin can muster enough strength to touch the six-digit milestone., according to George Milling-Stanley, State Street Global Advisors' chief gold strategist."Bitcoin, pure and simple, it's a return play," said Milling-Stanley, which suggests that investors are piling into bitcoin to reap capital gains and not because they see value or use in the cryptocurrency.
Indeed, Galaxy Digital CEO Mike Novogratz, a longtime crypto investor, told CNBC that"the crypto community is levered to the gills, and so there will be a correction."are realized, the $100,000 price level may not be a ceiling, but just another rung that bitcoin passes on its celebratory climb upward.San Diego International Airport
Finance Markets Takeover Export Restrictions Tungsten Supply
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
CNBC Daily Open: U.S. elections in spotlight as polls openPolls on the East Coast will open for Election Day in just a few hours time.
Read more »
CNBC Daily Open: Small- and mid-caps outperformed last weekCompanies less in the spotlight, like Super Micro Company, and other small- and mid-caps contributed to markets’ rise last week.
Read more »
CNBC Daily Open: Investors prioritize Nvidia's earnings over geopolitical risksInvestors briefly sought refuge in safe haven assets on increased geopolitical tensions. But they decided other factors were more important to the markets.
Read more »
CNBC Daily Open: The Trump rally kicks offDonald Trump’s victory in the U.S. presidential elections is providing a tailwind to risk assets. But Wednesday's frenzy could have been a relief rally too.
Read more »
CNBC Daily Open: Powell maintains that elections won't sway Fed's policyIf inflation resurfaces because of the incoming administration's policies, the Fed’s likely to stay its hand in lowering rates.
Read more »
CNBC Daily Open: Tesla helps the Nasdaq snap its losing streakTesla helped the S&P achieve its first winning day in three and the Nasdaq break its four-day losing streak, despite Nvidia dropping 1.3%.
Read more »