Month: August 2025
South Korea parliament passes amended bill to target low equity valuations
Signage for the Hyundai Motor Co. annual shareholders meeting stands at the company’s headquarters in Seoul, South Korea. Bloomberg | Bloomberg | Getty Images South Korea’s parliament on Monday approved a bill that intends to increase the accountability of corporate boards to shareholders, as the ruling party-controlled parliament pushes reforms to boost the country’s equity valuations. […]
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Nio shares surge over 14%, extending gains for seventh session
NEW YORK, NY – SEPTEMBER 12: Logos for Chinese electric car company NIO are displayed at a trading post on the floor of the opening bell at the New York Stock Exchange (NYSE), September 12, 2018 in New York City. The Shanghai-based electric car company opened for trading at $6 per share. (Photo by Drew […]
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Vietnam starts mass evacuations, shuts airports as Typhoon Kajiki approaches
A man wearing a raincoat rides a bicycle on a road before Typhoon Kajiki makes landfall in Vietnam, in Nghe An province on August 25, 2025. Nhac Nguyen | Afp | Getty Images Vietnam has shut down airports, closed schools, and initiated mass evacuations as it prepares for the most powerful storm so far this year. […]
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CNBC Daily Open: All roads lead to Jerome Powell
Federal Reserve Chairman Jerome Powell is seen walking in Grand Teton National Park near Jackson Hole, Wyoming, on August 22, 2025. Natalie Behring | Getty Images News | Getty Images Since inflation in America peaked at 9.1% in June 2022, the U.S. Federal Reserve has made controlling price increases — by keeping interest rates high […]
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Asia-Pacific markets track Wall Street gains on potential Fed rate cut
Ulsan city skyline from the Hamwolru Pavilion. People can enjoy beautiful cityscape for free. Ulsan, South Korea. Insung Jeon | Moment | Getty Images Asia-Pacific rose Monday, tracking Wall Street gains after Federal Reserve Chair Jerome Powell signaled that the central bank could begin easing monetary policy next month in his widely anticipated annual speech in Jackson Hole, Wyoming. […]
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Ether rises to a fresh record, bitcoin erases gains from Jackson Hole rally
Jakub Porzycki | NurPhoto | Getty Images Ether rose to a new record over the weekend, after hitting an all-time high Friday for the first time since 2021. The price of the second largest cryptocurrency rose as high as $4,954.81 on Sunday afternoon. It was last higher by less than 1% at $4,776.46. Meanwhile, bitcoin […]
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Stock futures are little changed after Dow’s record close, as traders await Nvidia earnings: Live updates
A trader reacts on the floor at the New York Stock Exchange in New York City, U.S., August 22, 2025. Brendan McDermid | Reuters U.S. equity futures were flat on Sunday night after the Dow Jones Industrial Average catapulted to new intraday and closing records and as investors looked ahead to Nvidia earnings. Futures tied […]
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Solar executives warn that Trump attack on renewables will lead to power crunch that spikes electricity prices
Witthaya Prasongsin | Moment | Getty Images President Donald Trump’s attack on solar and wind projects threatens to raise energy prices for consumers and undermine a stretched electric grid that’s already straining to meet rapidly growing demand, renewable energy executives warn. Trump has long said wind power turbines are unattractive and endanger birds, and that […]
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Putin and Zelenskyy have ‘no meeting planned,’ Russian official Lavrov says
Russia’s Foreign Minister Sergey Lavrov speaks during a joint press conference with Iranian Foreign Minister Abbas Araghchi in Tehran, Iran, February 25, 2025. Majid Asgaripour | Via Reuters Russian foreign minister Sergey Lavrov threw cold water on the possibility of an imminent meeting taking place between President Vladimir Putin and Ukrainian President Volodymyr Zelenskyy, saying that no […]
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How the U.S. space industry became dependent on SpaceX
SpaceX is valued at around $400 billion and is critical for U.S. space access, but it wasn’t always the powerhouse that it is today. Elon Musk founded SpaceX in 2002. Using money that he made from the sale of PayPal, Musk and his new company developed their first rocket, the Falcon 1, to challenge existing […]
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