CNBC-TV18 Morning Call: Musk’s net worth at $400 bn, Trump to ring NYSE bell, Meta outage and more – CNBC TV18
1 / 18Nasdaq index crossed the 20,000 mark as big-tech rallied and made profound gains, mainly Alphabet and Tesla. Apple did not perform too well, ending lower than expected.
2 / 18Tesla shares closed at a record high overnight. Chief Executive Elon Musk has become the first person globally to have ever crossed the benchmark of $400 billion net worth.
3 / 18Apple has released updates for its products including iPhone, Mac and iPad that include an integration between Siri and ChatGPT. ChatGPT will be activated if users ask Siri complex questions.
4 / 18Meta’s Instagram announced that services are now back on following a major outage for millions of users.
5 / 18The US House passed a major defence policy bill including a considerable amount of military provisions and spending. The bill also includes a controversial policy banning the military health programme from including gender-affirming healthcare for transgender children of members in service.
6 / 18The annual US inflation rate rose to 2.7% in November, as was expected. The report has further cemented the possibility of a cut in the borrowing rate in the short run.
7 / 18US President-elect Donald Trump will ring the bell at the New York Stock Exchange on December 12 to mark the beginning of the day’s trade. He has also invited Chinese president Xi Jinping to attend his inauguration on January 20 (Photo: Reuters).
8 / 18Fifa has officially announced that the 2034 World Cup for men’s football will be held in Saudi Arabia. Morocco, Portugal and Spain will be joint hosts for the 2030 tournament (Photo: Reuters).
9 / 18OPEC has announced its fifth downward revision for projections of oil demand globally. Some of the revisions have been made for the Asia-Pacific region, as well as India and China (Photo: Reuters).
10 / 18Nifty ended December 11 session flat once again, mainly due to a fall in stocks in the banking sector (Photo: Reuters).
11 / 18The Indian rupee hit another lifetime low on December 11, mainly a result of the weakly performing Chinese Yuan and greater dollar-bids in the NDF market.
12 / 18Supermarket chain Vishal Mega Mart has opened its IPO of ₹8000 crore which will be available till December 13. Anchor investors have brought in ₹2400 crore.
13 / 18MobiKwik received a largely positive response to its IPO on the first subscription day. It was subscribed 7.32 times by the end of the day.
14 / 18Coca-Cola is set to sell 40% of its stake in Indian bottling business Hindustan Coca-Cola Beverages Private Ltd (HCCBL) to Jubilant Bhartia Group.
15 / 18The board of Vedanta Ltd has announced that it will soon hold a meeting on December 16 to discuss the payout of the fourth interim dividend.
16 / 18Edelweiss Fin is likely to sell a stake of nearly 7% in Nuvama Wealth via block deals.
17 / 18RBI governor Sanjay Malhotra has emphasised stability and continuity as part of his plan and his main leadership principles (Photo: X).
18 / 18The Supreme Court has issued a contempt notice to managing directors of Axis Bank as well as Reliance Infrastructure for failing to refund over ₹4500 crore to the Delhi Metro Rail Corp.
