CNBC Daily Open: More all-time highs? Yes please
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 .
All-time high, again
Major U.S. indexes rose on Thursday, with the S&P 500 notching a fresh closing high. Asia-Pacific markets mostly rose Friday. China's CSI 300 is posed for a weekly rally of almost 15%, its best since November 2008, while Hong Kong's Hang Seng index looks to gain 12.85% for the week, the most since February 1998, according to FactSet data. Still, China's industrial profits are still looking strained, plunging 17.8% from a year ago.
Why are Treasury yields rising?
Treasury yields tend to move in tandem with interest rates. Both, broadly speaking, indicate the borrowing costs of money. When the U.S. Federal Reserve cut interest rates last week, it's not unreasonable to expect Treasury yields to dip. Instead, they've been climbing. CNBC's Jeff Cox breaks down what's happening.
'No current plans' for Altman equity
At an all-hands meeting on Thursday, OpenAI CEO Sam Altman denied he received a "giant equity stake" in the company, according to a person in attendance. That said, Chairman Bret Taylor told CNBC the board "has had discussions" on compensating Altman with equity. Meanwhile, CFO Sarah Friar reassured investors OpenAI's still in a strong position, and its $6.5 billion funding round is going ahead.
Ishiba set to be Japan's PM
Japan's former defense minister Shigeru Ishiba is the country's presumptive next prime minister after winning the Liberal Democratic Party's elections for its new leader. Ishiba, who has endorsed the Bank of Japan's rate hikes, beat economic security