CNBC Daily Open: Americans sour on the economy
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 here .
Mixed bag on Wall Street
U.S. stocks ended mixed Tuesday as investors prepared for key inflation data due out later this week. The S&P 500 and the Nasdaq Composite closed with small gains, up 0.17% and 0.37%, respectively. The 30-stock Dow fell for a second straight day, off by 0.25%. Bitcoin also extended gains rising above $57,000.
Apple kills EV plans
Apple has cancelled its plan to build electric cars, according to Bloomberg. This signals an end to the company's secretive effort to compete in the EV space against rival Tesla. Reports of Apple's ambition first surfaced in 2014 after it recruited automotive engineers and other talent from auto companies.
Will South Korean measures work?
South Korea's Japan-style measures to boost corporate governance may not work to lift its undervalued stock markets and tackle the so-called "Korea discount." In its latest attempt, the Financial Services Commission revealed a "Corporate Value-up Program," aimed at supporting shareholder returns through incentives including tax benefits.
Honor's foray into flip phones
Chinese technology firm Honor will launch a foldable flip phone this year, the company's CEO George Zhao told CNBC. It will be the firm's first entry into the vertical-folding style of smartphone as the company looks to push into the premium end of the market in a challenge to tech giants like Samsung and Apple.
[Pro] Alibaba's compelling appeal
Despite the recent slump in Alibaba's shares, the Chinese e-commerce giant remains on the radar of fund