Month: August 2024
Replacing China in copper supply chain is ‘unfeasible,’ warns WoodMac, as the West seeks shift
A worker tying copper wire rods before loading them onto a truck in Huai’an, in China’s Jiangsu Province. Vcg | Visual China Group | Getty Images Western countries seeking to diversify away from China’s dominance in copper could delay the energy transition besides raising costs, while its complete replacement would be ‘unfeasible,’ according to Wood […]
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China’s central bank says risks from local government debt have dropped
Pan Gongsheng, governor of the People’s Bank of China (PBOC), during the Lujiazui Forum in Shanghai, China, on Wednesday, June 19, 2024. Bloomberg | Bloomberg | Getty Images BEIJING — China’s financial risks have dropped, including from local government debt, People’s Bank of China Governor Pan Gongsheng said in state media interviews published late Thursday. […]
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China’s new loans hit a 15-year low, but investors ‘should not panic’
A man counts 100 renminbi notes with the Chinese flag in the background. Sheldon Cooper | SOPA Images | LightRocket | Getty Images China’s new bank loans fell to a 15-year low in July in what some analysts see as a sign of continued weakness in the economy. But others said investors “should not panic” […]
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U.S., Brazil back fresh Venezuela election despite government, opposition rebuffs
A man waves a Venezuelan flag as demonstrators clash with police officers during a protest against President Nicolas Maduro’s government in Caracas on July 29, 2024, a day after the Venezuelan presidential election. Protests erupted in parts of Caracas Monday against the re-election victory claimed by Venezuelan President Nicolas Maduro but disputed by the opposition […]
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CNBC Daily Open: Live long and prosper
Traders work on the floor of the New York Stock Exchange during morning trading on May 31, 2024 in New York City. Michael M. Santiago | Getty Images 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 […]
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Ford upgrades Lincoln Navigator to include spa mode, 48-inch display for videos and gaming
2025 Lincoln Navigator Lincoln Ford Motor is updating its Lincoln Navigator to include a 48-inch front display that can be used as a “sanctuary” for spa lovers and gamers alike. The new feature comes as the automaker has redesigned the exterior and interior of the vehicle for the 2025 model year — and as the […]
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Inside the company building hydrogen-electric engines for airplanes
About two hours away from the U.K.’s capital in the Cotswolds, ZeroAvia has a research and development facility where it’s assembling and developing fuel cell systems, integrating hydrogen electric engines into aircraft and testing them in the air. It’s all part of an effort to decarbonize aviation with hydrogen, which has earned ZeroAvia a spot […]
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TikTok ‘finfluencers’ accurately called the AI rally, but credibility concerns dog them
FILE PHOTO: TikTok app logo is seen in this illustration taken, August 22, 2022. Dado Ruvic | Reuters Investing in equities can be a complex exercise, warranting specialized guidance. From where can one get that advice? Some attempt to do their own research, poring over reams of financial indicators to identify potential winners, while others […]
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S&P 500 will be closer to 6,000 by year-end, Morgan Stanley’s Slimmon says, naming stocks to buy
Markets have been very rocky lately, but Morgan Stanley Investment Management’s Andrew Slimmon has an idea of how they could go from here. He says the market could “be consistent with 2023,” after much volatility in the past few weeks. In late July, both the S & P 500 and the Nasdaq dived to a […]
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Asia-Pacific markets set to track Wall Street rally; South Korea and Singapore trade data on deck
Buildings in the central business district in Singapore, on Wednesday, Feb. 14, 2024. Singapore’s economy expanded by a slightly more modest pace than initially expected in 2023, as manufacturing activity contracted and services growth slowed. Nicky Loh | Bloomberg | Getty Images Asia-Pacific markets were set to round off the week higher, tracking gains on […]
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