Year: 2025
Chinese companies are waging fierce price wars — but the consumer isn’t always the winner
A store in a shopping mall in Beijing on Aug. 7, 2024. Pedro Pardo | Afp | Getty Images Fierce price wars in China are hitting industries from cars to food deliveries to solar panels, squeezing profits and worsening the country’s deflationary slide. Though consumers may be lured by ultra-cheap deals, the trade-offs for them […]
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How Huawei ascended from telecoms to China’s ‘jack of all trades’ AI leader
The Huawei booth at the Mobile World Congress in Barcelona, 2025. Arjun Kharpal | CNBC Despite being beaten down by years of U.S. trade restrictions, China’s telecom giant Huawei has quietly emerged as one of the country’s fiercest competitors across the entire AI landscape. Not only does the Shenzhen-based firm appear to represent Beijing’s answer […]
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China holds key lending rates as softening consumer sentiment persists in world’s second largest economy
The People’s Bank of China (PBOC) building in Beijing, China, on Tuesday, April 18, 2023. Bloomberg | Getty Images China kept its benchmark lending rates steady on Monday as the country continues to grapple with weak consumer sentiment and softening growth. The People’s Bank of China held the 1-year loan prime rate at 3.0% and […]
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CNBC Daily Open: Solid earnings beats might mask tariff volatility these two weeks
A JPMorgan Chase & Co. Wealth Management sign in New York, U.S., on Thursday, July 10, 2025. Gabby Jones | Bloomberg | Getty Images Friday, Aug. 1 — the “hard deadline” of U.S. President Donald Trump’s updated tariffs — is less than two weeks away. Investors, however, seem mostly unbothered thus far. For last week, […]
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Asia markets set to open mixed as investors assess trade developments, await China benchmark rates
Here are the opening calls for the day Good morning from Singapore. Investors will be keeping a close watch on the People’s Bank of China’s decision on its 1-year and 5-year loan prime rates for July expected later in the day. Futures for Hong Kong’s Hang Seng index stood at 24,883, pointing to a stronger open compared […]
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Stock futures are little changed as traders await big tech earnings, eye trade developments: Live updates
Traders work on the floor at the New York Stock Exchange in New York City, U.S., July 15, 2025. Jeenah Moon | Reuters U.S. stock futures were little changed Sunday night as investors tracked the latest developments on trade, and awaited the start of big tech earnings this week. Dow Jones Industrial Average futures fell […]
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U.S. eyes ‘back to basics’ revamp of G20 when it assumes presidency next year: Reuters
The U.S. aims to pare the G20 back to its financial roots next year when it takes over the rotating presidency from South Africa, Reuters reported. Source
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Aug. 1 is ‘hard deadline’ for Trump’s tariffs, Commerce Secretary Lutnick says
Howard Lutnick, U.S. Secretary of Commerce speaks during the Pennsylvania Energy And Innovation Summit 2025 at Carnegie Mellon University in Pittsburgh on July 15, 2025. David A. Grogan | CNBC Commerce Secretary Howard Lutnick said Sunday that Aug. 1 is the deadline for countries to begin paying tariffs to the United States, but said that […]
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Scheffler a class apart as he romps to first Open title
Scottie Scheffler of the U.S. celebrates on the 18th green after winning the 153rd Open Championship. Russell Cheyne | Reuters A relentless Scottie Scheffler sealed his first British Open triumph by four shots as he turned the final day of the tournament into a procession at Royal Portrush on Sunday. The 29-year-old American world number […]
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In recent layoffs, AI’s role may be bigger than companies are letting on
Klaus Vedfelt | Digitalvision | Getty Images As rounds of layoffs continue within a historically strong stock market and resilient economy, it is still uncommon for companies to link job cuts directly to AI replacement technology. IBM was an outlier when its CEO told the Wall Street Journal in May that 200 HR employees were […]
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