Month: October 2024
Apple could launch a ring to rival Samsung by 2026, research firm predicts
Apple CEO Tim Cook gestures during the annual developer conference event at the company’s headquarters in Cupertino, California, U.S., June 10, 2024. Carlos Barria | Reuters Apple could launch a connected ring to rival Samsung by 2026, according to CCS Insight, adding to the U.S. tech giant’s focus on health. The call is part of […]
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China state planner lays out further actions to boost economy but no new plans for major stimulus
The Chinese national flag flies outside the Ministry of Foreign Affairs in Beijing on July 26, 2023. Greg Baker | Afp | Getty Images Zheng Shanjie, chairman of China’s National Development and Reform Commission, on Tuesday pledged a raft of actions to bolster the country’s economy during a highly-anticipated press conference. But he stopped short […]
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Mainland China markets open sharply higher, extending stimulus rally after weeklong break; Hong Kong plunges
A customer watches stock market at a stock exchange in Hangzhou, China, on September 27, 2024. Costfoto | Nurphoto | Getty Images SINGAPORE — Chinese markets skyrocketed over 10% at the open Tuesday, after coming back from the Golden Week holiday as the rally from Beijing’s stimulus measures continued. The CSI 300 index was up […]
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Hurricane Milton is a Category 5. Florida orders evacuations and scrambles to clear Helene’s debris
NOAA GOES East satellite image of Hurricane Milton on Oct. 7th, 2024. Source: NOAA Florida’s storm-battered Gulf Coast raced against a Category 5 hurricane Monday as workers sprinted to pick up debris left over from Helene two weeks ago and highways were clogged with people fleeing ahead of the storm. The center of Hurricane Milton could come ashore Wednesday […]
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Samsung issues lengthy apology after disappointing results — read the full statement
The leading memory chip manufacturer projected that its operating profit for the quarter ending in September will be approximately 9.10 trillion won, missing LSEG expectations. Analysts polled by LSEG expected an operating profit of 11.456 trillion Korean won ($7.7 billion) for the quarter ended Sept. 30. Samsung noted that the performance of its memory division […]
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CNBC Daily Open: Fear is the stock killer
Traders work on the floor of the New York Stock Exchange during afternoon trading on October 03, 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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Japan real wages down again after summer bonus bump, spending falls
In the streets of Ginza district of Tokyo, Japan. Shiho Fukada | Bloomberg | Getty Images Japan’s inflation-adjusted wages fell in August after two months of increases during the summer bonus season, while household spending also declined, data showed on Tuesday, knocking chances of the central bank raising interest rates any time soon. Real wages […]
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Samsung posts worse-than-expected guidance for third quarter
The Samsung logo is on display at their pavilion during the Mobile World Congress in Barcelona, Spain, on February 28, 2024. (Photo by Joan Cros/NurPhoto via Getty Images) Nurphoto | Nurphoto | Getty Images South Korean tech giant Samsung Electronics said it expects worse-than-expected profit for the third quarter. In guidance released Tuesday, the world’s […]
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Wall Street giants like Goldman quickly up their bets on Chinese markets amid stimulus promises
Goldman Sachs is the latest in a flurry of calls to upgrade China stocks after the Asian giant’s recent wave of stimulus measures. The Wall Street bank raised its call on China stocks to an overweight rating in an Oct. 5 note, adding that this market is set to soar further. Goldman predicts that Chinese […]
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Chinese travelers trickle back to a Taiwanese island, mere miles from the mainland
Remnants of military conflict surround Zhang Zhong Jie’s cafe. The coffee shop sits within an abandoned military fortification, its entrance surrounded by rusting tanks. It’s a scene the citizens of Taiwan’s remote Kinmen Island know well. All that separates the cafe from mainland China are 6 miles of choppy water and a row of anti-invasion […]
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