World
Is the Fed ‘sleepwalking into a policy mistake?’: Abrdn analyst calls for faster easing of rates
An eagle tops the U.S. Federal Reserve building’s facade in Washington, July 31, 2013. REUTERS/Jonathan Ernst/ Jonathan Ernst | Reuters While British fund manager abdrn predicts that the U.S. economy will see a soft landing, there is still the risk of a prolonged slowdown in 2025, said Kenneth Akintewe, the company’s head of Asian sovereign […]
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Defense stocks in an ESG portfolio? A profound — and controversial — shift seems to be underway
CEO of Swedish defence and security company Saab, Micael Johansson, speaks during the presentation of Saab’s interim report on February 9, 2024 in Stockholm. Jessica Gow | Afp | Getty Images Russia’s ongoing war in Ukraine has resulted in a profound shift in the way defense stocks are viewed by mission-driven fund managers, according to […]
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CNBC Daily Open: Soft landing in sight?
People wait in line outside Macy’s before opening on “Black Friday” in New York City on November 24, 2023. The retail sector’s efforts to entice holiday gift purchases builds to a crescendo this weekend with the annual “Black Friday” shopping day followed by the newer “Cyber Monday.” (Photo by Yuki IWAMURA / AFP) (Photo by […]
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China’s manufacturing output swung back to modest growth in August, private survey finds
Container ships dock to load and unload containers at Qianwan Container Terminal of Qingdao Port in Qingdao, China, on August 29, 2024. Costfoto | Nurphoto | Getty Images China’s factory activity grew modestly among smaller manufacturers last month as export orders offset weakening domestic consumption, according to a private survey. The Caixin/S&P Global manufacturing PMI […]
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The peak interest rate era is over. Here’s what investors are watching
A trader works on the floor of the New York Stock Exchange on Aug. 23, 2024. Bloomberg | Bloomberg | Getty Images Central banks around the world are set to kick off or continue interest rate cuts this fall, bringing an end to an era of historically high borrowing costs. In September, the U.S. Federal […]
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China urges EU to be ‘objective and fair’ on South China Sea issue
China urged the European Union to be “objective and fair” and careful with words and actions on issues in the South China Sea, after the bloc remarked on an incident that occurred over the weekend. Ted Aljibe | Afp | Getty Images China urged the European Union to be “objective and fair” and careful with words and actions on issues in the South China Sea, after the […]
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BYD sales hit a record in August despite broader China EV slowdown
BYD launched the BYD Seal in Europe at the IAA auto show in Munich, Germany. The electric sedan has a starting price of 44,900 euros ($48,479). Arjun Kharpal | CNBC BEIJING — Chinese electric car giant BYD sold a record number of passenger vehicles in August, with sales of hybrids growing faster than those of […]
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Asia-Pacific markets open mixed as investors look toward a packed week of economic data
Commercial and residential buildings seen from the rooftop of the Lotte Corp. World Tower at sunset in Seoul, South Korea, on Tuesday, Nov. 28, 2023. Bloomberg | Bloomberg | Getty Images Asia-Pacific markets open mixed on Monday as investors look toward a packed week of economic data and assess China’s business activity figures released over […]
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About 10,000 U.S. hotel workers strike as contract talks break down
The Hyatt Regency Washington on Capitol Hill is seen on August 21, 2024 in Washington, DC. Anna Rose Layden | Getty Images Some 10,000 U.S. hotel workers began a multi-day strike in several cities on Sunday after contract talks with hotel operators Marriott International, Hilton Worldwide and Hyatt Hotels stalled, the Unite Here union said. Unite Here, which represents workers in hotels, casinos, and airports across the United States […]
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China’s first global gaming hit sells millions in a week. An early investor shares what’s next
People walk past the image of the ‘Monkey King’ character, or ‘Sun Wukong’ of Chinese action role-playing game ‘Black Myth: Wukong’, developed by Chinese video game company Game Science, during its launch day in Hangzhou, in eastern China’s Zhejiang province on August 20, 2024. Str | Afp | Getty Images BEIJING – China’s first attempt […]
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