World
Australia keeps policy rate steady at 3.6% as inflation worries loom
Michele Bullock, governor of the Reserve Bank of Australia (RBA), speaks during a press conference in Sydney, Australia, on Tuesday, July 8, 2025. Bloomberg | Bloomberg | Getty Images Australia’s central bank expectedly held benchmark policy rates at 3.6% on Tuesday as inflation in the country stays at its highest level in more than a […]
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Taiwan should only produce half of America’s chips, says U.S. Commerce Secretary
A logo of the Taiwan Semiconductor Manufacturing Company (TSMC) displayed on a smartphone screen Vcg | Visual China Group | Getty Images The Trump administration is pushing Taipei to shift investment and chip production to the U.S. so that half of American demand is manufactured locally, in a move that could have implications for Taiwan’s […]
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China’s Zijin Gold surges over 60% in Hong Kong debut after world’s second-largest IPO this year
A sign outside the Serbia Zijin Mining complex, operated by Zijin Mining Group Co., in Bor, Serbia, on Thursday Aug. 24, 2023. Bloomberg | Bloomberg | Getty Images Zijin Gold shares surged over 60% Tuesday as the Chinese miner made its trading debut in Hong Kong following a strong initial public offering. The company had […]
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Trump sets 10% tariff on lumber imports, higher rates on wooden products
U.S. President Donald Trump signed a proclamation on Monday to set a 10% tariff rate on imports of lumber and 25% on vanities, kitchen cabinets and upholstered wooden products, the White House said. Andrew Harnik | Getty Images News | Getty Images U.S. President Donald Trump said on Monday he was slapping 10% tariffs on imported timber and lumber and 25% duties on […]
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China manufacturing activity picks up in September — official PMI still in contraction
A worker checks a finished vehicle on the production line for electric vehicle maker Zeekr at its factory on May 29, 2025 in Ningbo, China. Kevin Frayer | Getty Images News | Getty Images China’s official gauge for manufacturing activity showed a smaller-than-expected contraction in September as Beijing intensified its efforts aimed at curbing industrial […]
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CNBC Daily Open: A U.S. government shutdown could make Fed’s job harder
U.S. Federal Reserve Chair Jerome Powell speaks during a press conference, following the issuance of the Federal Open Market Committee’s statement on interest rate policy, in Washington, D.C., U.S., Sept. 17, 2025. Elizabeth Frantz | Reuters After a seemingly unproductive meeting between lawmakers and U.S. President Donald Trump on Monday, the chances that the country’s […]
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California’s Newsom signs law requiring AI safety disclosures
California Governor Gavin Newsom speaks during the 2025 Clinton Global Initiative (CGI) in New York City, U.S., September 24, 2025. Kylie Cooper | Reuters California Governor Gavin Newsom signed into state law on Monday a requirement that ChatGPT developer OpenAI and other big players disclose how they plan to mitigate potential catastrophic risks from their […]
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Asia-Pacific markets set to open higher; Reserve Bank of Australia decision in spotlight
Waterfront city skyline of Sydney city downtown at night with bright illumination of modern architectural landmarks in Sydney, Australia. Prasit Photo | Moment | Getty Images Asia-Pacific markets were set to open higher Tuesday with focus on the Reserve Bank of Australia’s interest rate decision later in the day. The RBA is expected to hold […]
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Hedge funds are increasingly moving like stocks markets — and that could cause problems
Hedge funds are increasingly moving in lockstep with broader equities markets, raising the risk of hefty losses in the event of a sharp market reversal. Large investors such as pension funds, insurance companies, endowments and family offices have often sought out alternative investments such as hedge funds as a diversifier to traditional 60/40 equities-and-bonds portfolios, […]
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Stock futures are little changed as investors look to end month on an upbeat note: Live updates
Specialist traders work inside a booth on the floor at the New York Stock Exchange on Sept. 10, 2025. Brendan McDermid | Reuters Stock futures are little changed as investors look to close out an unusually strong September by building on Monday’s momentum, despite the threat of a potential U.S. government shutdown this week. Futures […]
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