business news
Adidas boss says LIV Golf a ‘normal evolution,’ wants to focus on player partnerships
Phil Mickelson of the U.S. during the inaugural LIV Golf Invitational at the Centurion Club, Hemel Hempstead, St Albans, Britain, June 8, 2022 Paul Childs | Action Images via Reuters Adidas CEO Kasper Rorsted believes the controversial Saudi Arabia-backed LIV Golf series is part of a “normal evolution” of the sport and said the German […]
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Southeast Asia’s largest bank says wealth management, capital markets business face challenges
DBS Group CEO Piyush Gupta said the bank’s wealth management and capital markets businesses continue to see “headwinds,” despite the bank reporting robust second-quarter earnings. “Business momentum is a bit mixed. Our corporate lending activities are actually doing quite well. And so the balance sheets continue to grow,” Gupta told CNBC’s “Capital Connection” following the […]
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China begins live-fire military drills around Taiwan, a day after Pelosi visit
A Chinese military helicopter flies past Pingtan island, one of mainland China’s closest points to Taiwan on August 4, 2022. China’s largest-ever military exercises encircling Taiwan follow a visit to the self-ruled island by U.S. House Speaker Nancy Pelosi. Hector Retamal | AFP | Getty Images China launched unprecedented live-fire military drills in six areas […]
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White House scrambles to play catch-up on monkeypox response
People protest during a rally calling for more government action to combat the spread of monkeypox at Foley Square on July 21, 2022 in New York City. The Biden administration is undergoing a course correction in its response to the monkeypox outbreak after weeks of logistical and bureaucratic delays providing testing, treatments and vaccines. Jeenah […]
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Russian ‘strike force’ builds around Zelenskyy’s hometown; fears grow for ‘out of control’ nuclear power plant
Russian ‘strike force’ building to target Zelenskyy’s hometown of Kryvyi Rih Kryvyi Rih, the hometown of Ukraine’s President Volodymyr Zelenskyy, is looking increasingly vulnerable with Ukraine saying Russia is building a military “strike force” to target the industrial city in central-southern Ukraine. Early Thursday, Ukraine’s southern military command saying the situation in its operational area […]
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India’s currency is under pressure — and analysts say the rupee could test new lows
Two thousand rupee notes on display with an Indian flag in the background. Manish Rajput | SOPA Images | LightRocket via Getty Images The Indian rupee has come under intense selling pressure due to a perfect storm of global headwinds which analysts say will continue to pummel the currency in the months ahead. In recent […]
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Pelosi’s Taiwan trip puts the world’s biggest chipmaker back in the spotlight of U.S.-China rivalry
Taiwan Semiconductor Manufacturing Company (TSMC) is the biggest contract chipmaker in the world. But it has been thrust in the middle of U.S.-China geopolitical tensions. logo displayed on the screen. Rafael Henrique | Sopa Images | Lightrocket | Getty Images U.S. House Speaker Nancy Pelosi may have left Taiwan but the visit has cast a spotlight […]
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Charts suggest now is the perfect time to buy gold, Jim Cramer says
CNBC’s Jim Cramer on Wednesday told investors that gold is poised to rally, making now an optimal time for investors to pounce. “The charts, as interpreted by the legendary Larry Williams, suggest that the general public’s giving up on gold en masse and he thinks that that makes it the perfect entry time to do […]
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Cramer’s lightning round: Canoo is not a buy
MannKind Corp: “No one ever likes me to say anything bad about Mannkind. … What happens if it’s not a good company? Does that matter at all? To me it does, therefore I say, sell, sell, sell.” Canoo Inc: “They just lose money. We’re done with those stocks that just lose money.” Trade Desk Inc: […]
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China, Cairo, Italy: The top ‘travel-inspired’ baby names in the U.S. and the UK
Baby Emma, David or Elizabeth? Not for American parents Caitlin and Luke McNeal. Rather than naming their children after grandparents, biblical figures or the British monarchy, the couple chose the names of places that hold meaningful travel memories for them. “Kinsale was when we lived in Ireland, and we vacationed in Kinsale and fell in […]
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