Neel Kashkari, President and CEO, Federal Reserve Bank of Minneapolis, speaks at the Milken Conference 2024 Global Conference Sessions at The Beverly Hilton in Beverly Hills, California, U.S., May 7, 2024. David Swanson | Reuters This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed … Read more
Tourists take pictures under the rain in front of the Eiffel Tower in Paris. Lionel Bonaventure | AFP | Getty Images LONDON — European stocks are expected to open in mixed territory Tuesday as economic uncertainty and concerns over Europe’s growth outlook return to the fore. The U.K.’s FTSE index is expected to open 4 … Read more
The flags of China and the USA are being displayed on a smartphone, with an NVIDIA chip visible in the background. Raa | Nurphoto | Getty Images Chinese companies are ramping up efforts to produce a viable alternative to Nvidia’s chips that power artificial intelligence as Beijing continues its efforts to wean itself off American … Read more
Republican presidential nominee, former U.S. President Donald Trump participates in a Fox News Town Hall at the New Holland Arena in Harrisburg, Pennsylvania on September 04, 2024. Kevin Dietsch | Getty Images News | Getty Images Republican presidential nominee Donald Trump’s threat to slap countries that shun the U.S. dollar with 100% tariffs is a … Read more
Mike Tirico is seen on the set of NBCUniversal Paris 2024 Olympics coverage on August 04, 2024 in Paris, France. Kristy Sparow | Getty Images Comcast’s NBCUniversal has a longstanding bet on the Olympics, but this summer the company threw all of its resources at the Games in a bid to grab more viewership — … Read more
Chinese electric car company Xpeng displays its mass-market Mona M03 coupe inside a headquarters’ showroom in Guangzhou, China, on Aug. 26, 2024. CNBC | Evelyn Cheng BEIJING — Chinese electric car company Xpeng on Tuesday announced that its mass-market brand Mona will start selling some models for less than $17,000. The basic version of the … Read more
Trade groups say Chinese electric vehicles pose an “existential threat” to the U.S. auto industry. China currently makes about one out of every three of the world’s new vehicles, and it has the capacity to make even more, according to research firm Dunne Insights. But faced with a growing preference for hybrids at home and … Read more
A general view shows the skyline over the Central Business District in Beijing on February 28, 2023. Jade Gao | Afp | Getty Images BEIJING — China is not planning additional stimulus for the second half of the year, according to officials from the economic planning agency and finance ministry. The world’s second-largest economy grew … Read more
Chuo Ward, Tokyo, Japan – February 23, 2018; Top luxury shopping streets with multi colored neon signs. Ginza avenues are lined with shops of expensive brands and restaurants in the heart of Tokyo. It is half past five p.m. on Friday. People flock to Ginza for shopping, dinner and drinking with their friends. Ginza became … Read more
(L-R) Mahmoud al-Aloul, Vice Chairman of the Central Committee of Palestinian organisation and political party Fatah, China’s Foreign Minister Wang Yi, and Mussa Abu Marzuk, senior member of the Palestinian Islamist movement Hamas, attend an event at the Diaoyutai State Guesthouse in Beijing on July 23, 2024. China’s Foreign Minister Wang Yi on July 23 … Read more
