Month: September 2024
CNBC Daily Open: More all-time highs? Yes please
Traders work on the floor of the NYSE. NYSE 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. What you need to know today All-time high, […]
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China optimism is surging. Why some investors are cautious
Key Points China’s latest policy signals have a bigger impact on sentiment than resolving deeper issues such as real estate, analysts said. “The ‘shock and awe’ strategy could be meant to jumpstart the markets and boost confidence,” said Ting Lu, chief China economist at Nomura, but eventually it is still necessary to introduce well thought […]
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Ocean Park Chairman discusses welcoming a pair of giant pandas to Hong Kong
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Street Signs Asia Ocean Park Chairman Paulo Pong talks about the arrival of new twin pandas at the park, and the boost they will bring to local tourism. 02:55 a minute ago Source
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Hong Kong’s New World Development shares surge 23% after CEO resigns
Signage at the New World Tower, which houses the headquarters of New World Development Co., in Hong Kong, China, on Thursday, Sept. 26, 2024. New World Developmen suspended trading of its shares in Hong Kong on Thursday morning. Bloomberg | Bloomberg | Getty Images Shares of Hong Kong’s major developer, New World Development surged over […]
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OpenAI CFO tells investors funding round should close by next week despite executive departures
Key Points In an email to OpenAI’s investors, CFO Sarah Friar said the company still has a “talented leadership bench” following key departures this week. Friar also says its current funding round, which sources say values OpenAI at $150 billion, was oversubscribed and set to close next week. “Collectively, we remain laser-focused on bringing AI […]
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Japan’s ruling party votes to elect new leader and country’s next prime minister
Candidates in the upcoming leadership race for the ruling Liberal Democratic Party (LDP) join hands after giving speeches for the Liberal Democratic Party presidential election in Osaka, Japan on September 18, 2024. Str | Afp | Getty Images Japan’s ruling party will elect the successor to outgoing Prime Minister Fumio Kishida on Friday in a […]
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Barclays names 5 global stocks that could benefit from China’s stimulus — giving one over 100% upside
Barclays has identified a handful of European stocks poised to benefit from China’s anticipated economic stimulus measures. Investors have been closely watching for signs of government intervention as the world’s second-largest economy grapples with slowing growth and weak domestic demand. Earlier this week, the People’s Bank of China (PBOC) surprised markets by announcing plans to cut […]
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China’s industrial profits plunge by 17.8% in August from a year ago
Excavators transfer coal at the coal terminal in China’s eastern Jiangsu province on January 22, 2024. Str | Afp | Getty Images China’s industrial profits plunged by 17.8% in August from a year ago, the National Bureau of Statistics said Friday. That followed a 4.1% year-on-year increase in July, the fastest pace in five months. […]
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CNBC Daily Open: A high of all-time highs
Traders work on the floor of the NYSE. NYSE 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. What you need to know today All-time high, […]
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‘Coolcations’ had another big summer. Here are the places travelers went
Extreme temperatures are driving travelers to seek cooler destinations. And there’s a term for the trend: “coolcations.” Heat waves — which are increasing in frequency, duration and intensity, according to the U.S. Environmental Protection Agency — are affecting where people are choosing to vacation, especially during the hot summer months. “Often, when we think of vacation, […]
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