CNBC Daily Open: Inflation returns to the picture

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 .

Inflation fears drag down U.S. markets
U.S. stocks fell and Treasury yields rose on Tuesday as the ISM services index shows a big jump in prices for December. Europe's regional Stoxx 600 index added 0.32%. Shares of Volvo Car closed more than 9% higher after the Swedish carmaker reported a new global sales record for 2024.

Meta ends fact-checking program
Meta on Tuesday announced it will eliminate its third-party fact-checking program 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 criticized the company's decision, made two weeks before U.S. President-elect Donald Trump's inauguration.

UK's long-term borrowing costs surge
Yields on long-dated U.K. government bonds or gilts surged to their highest levels since the late 1990s after a tepid debt auction fueled worries over demand. Susannah Streeter, head of money and markets at Hargreaves Lansdown, said concerns are growing that the U.K. may encounter stagflation — a scenario where inflation stays high or rises while economic growth slows.

Anthropic's potential $60 billion valuation
Anthropic, the artificial intelligence startup founded by former OpenAI research executives, is in late-stage talks to raise 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 Amazon, is the