World
‘Don’t get tired’: Samsung Electronics workers extend strike indefinitely, say chip production disrupted
Members of the National Samsung Electronics Union stage a rally as they begin a three-day general strike outside the company’s foundry and semiconductor factory in Hwaseong on July 8, 2024. Jung Yeon-je | Afp | Getty Images Workers at South Korean tech giant Samsung Electronics will extend an unprecedented strike over pay and benefits “indefinitely,” […]
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China’s inflation numbers miss expectations, rising 0.2% in June
Consumers are shopping at a supermarket in Qingzhou, China, on June 12, 2024. Nurphoto | Nurphoto | Getty Images BEIJING — China’s consumer price inflation rose by 0.2% in June from a year ago, missing expectations, while producer prices fell in-line with forecasts, data from the National Bureau of Statistics on Wednesday showed. China’s consumer […]
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CNBC Daily Open: Powell says high rates threaten growth
Traders work on the floor of the New York Stock Exchange (NYSE) on February 27, 2023 in New York City. Spencer Platt | 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 matter where they […]
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China’s Ping An eyes up to $5 billion convertible bond sale, Reuters reports
Ping An Insurance, also known as Ping An of China, logo seen on a skyscraper in Shanghai. A Chinese holding conglomerate. (Photo by Alex Tai/SOPA Images/LightRocket via Getty Images) Alex Tai | SOPA Images | LightRocket via Getty Images China’s Ping An Insurance is considering convertible bond sale worth up to $5 billion, according to two sources with direct knowledge of the matter. The bond sale […]
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Asia-Pacific markets slip after Powell’s dovish tone; Japan and China inflation in focus
Customers at a fresh food market in Shanghai, China, on Monday, Aug. 7, 2023. Bloomberg | Bloomberg | Getty Images Asia-Pacific markets started Wednesday lower, even as key Wall Street benchmarks rose following dovish comments from U.S. Federal Reserve Chairman Jerome Powell overnight. Powell signaled caution over leaving interest rates at too high a level, […]
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The world’s top 250 fintech companies: 2024
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Here’s where — and how — the super-rich are investing, according to a wealth manager
The super-rich have a very different mindset toward investing than the average person, wealth manager Robert Fraser says. “Most people focus exclusively on public markets and have a 60/40 mindset towards investing — where 60% of their funds are in equities and 40% is in fixed income. Billionaires don’t think that way,” the co-founder and […]
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The 4 Apple suppliers set to pop on iPhone 16 series launch: BofA
Tech giant Apple is expected to unveil its new iPhone later this year, and Bank of America has identified several stocks set to gain from the smartphone’s evolution. “Following stabilized smartphone demand, we turn positive on Apple supply chain, as we expect material design changes and AI function to drive a more sustainable upcycle in […]
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Biden announces new NATO aid for Ukraine, as his reelection campaign teeters
U.S. President Joe Biden speaks at a NATO event to commemorate the 75th anniversary of the alliance, in Washington, U.S., July 9, 2024. Yves Herman | Reuters President Joe Biden announced new commitments to help Ukraine bolster its air defense against Russia in a speech Tuesday commemorating NATO’s 75th anniversary. “Putin wants nothing less — nothing […]
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These software stocks have the ‘best of both worlds,’ offering strong growth with solid balance sheets
As the artificial intelligence craze evolves, driving up growth for chipmakers such as Broadcom and Nvidia , investors should also consider software companies seeing strong fundamentals despite high interest rates. Canaccord Genuity ran a screen of about 147 software companies, and only four had revenue growth of 25% or more forecast for the next 12 […]
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