Day: October 28, 2025
Shares of China’s Sany Heavy Industry trade flat on Hong Kong trading debut after $1.6 billion IPO
A worker debugs a robot at a Sany Heavy Industry plant in Changsha, central China’s Hunan Province, on Feb. 20, 2020. Chen Zeguo | Xinhua News Agency | Getty Images China’s Sany Heavy Industry rose over 3% on its Hong Kong trading debut Tuesday after raising HK$12.36 billion ($1.59 billion) in one of the city’s […]
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CNBC Daily Open: We are all farmers hoping for the end of the U.S.-China trade war
U.S. President Donald Trump poses for a photo with China’s President Xi Jinping before their bilateral meeting during the G20 leaders summit in Osaka, Japan, June 29, 2019. Kevin Lamarque | Reuters The mere prospect of a U.S.-China trade deal is enough to send global markets higher. On Monday stateside, the S&P 500, Dow Jones […]
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Asia markets dip as investors look to Trump-Takaichi meeting in Japan
U.S. President Donald Trump meets with Japan’s Emperor Naruhito at the Imperial Palace in Tokyo on Oct. 27, 2025. Kazuhiro Nogi | Afp | Getty Images Asia markets fell across the board on Tuesday as investors in the region look toward a meeting between U.S. President Donald Trump and newly minted Japanese Prime Minister Sanae […]
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Chegg slashes 45% of workforce, blames ‘new realities of AI’
Dan Rosensweig, CEO, Chegg Scott Mlyn | CNBC Chegg said on Monday it would lay off about 45% of its workforce, or 388 employees, as the “new realities” of artificial intelligence and diminished traffic from internet search have led to plummeting revenue. The online education company, founded 20 years ago, has been hit by the […]
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