A guide sign reading “Bank of Japan” is seen in Tokyo on July 31, 2024. Kazuhiro Nogi | Afp | Getty Images Bank of Japan board members are split over the future path of interest rates, minutes of the central bank’s monetary policy meeting in July showed. During the meeting, the board noted that Japan’s … Read more
Delegates attend day three of the Labour Party Conference 2024 at ACC Liverpool on September 24, 2024 in Liverpool, England. Ian Forsyth | Getty Images News | Getty Images Liverpool, ENGLAND — U.K. finance chiefs are banging the drum for pension reforms to boost anaemic investment and growth in the country. The annual Labour conference … Read more
SK Hynix Inc. signage at the company’s office in Seongnam, South Korea, on Monday, April 22, 2024. SK Hynix is scheduled to release earnings figures on April 25. Photographer: SeongJoon Cho/Bloomberg via Getty Images Bloomberg | Bloomberg | Getty Images SK Hynix shares surged more than 9% Thursday morning after the company said it has … Read more
Donald Trump, who has been quite vocal about a tariff-heavy trade policy, appears to have shifted the focus of his protectionist agenda from China to some of the closest U.S. allies. Speaking at a campaign event in Savannah, Georgia, on Tuesday, the Republican presidential nominee said he would build upon the tariff policies of his … Read more
SYDNEY, AUSTRALIA – SEPTEMBER 05: A person looking at milk products in a supermarket on September 05, 2024 in Sydney, Australia. Australia is currently facing a severe cost of living crisis, with rising prices for essentials like food, housing, and utilities significantly outpacing wage growth, leaving many households struggling to make ends meet. James Gourley … Read more
Rendering of a proposed Oklo commercial advanced fission power plant in the U.S. Courtesy: Oklo Inc. Nuclear startup Oklo is moving closer to initial construction of its first commercial microreactor, CEO Jacob DeWitte told CNBC in an interview. Oklo has received the greenlight from the Department of Energy to conduct site investigations for the planned … Read more
Progress toward narrowing the gender pay gap has mostly stalled, in part due to something researchers call the “gender promotion gap.” “Women have noticeably lower promotion rates compared to men in the same firm, in approximately the same position,” Kelly Shue, a professor of finance at Yale School of Management, said at CNBC’s Women & Wealth event Wednesday. … Read more
China’s government announced it will offer a one-time cash allowance to those in extreme poverty, a day after its central bank rolled out a slate of stimulus measures aimed at shoring up the economy. The handout will be provided to “extremely poor people, orphans and other needy people on the occasion of the 75th anniversary … Read more
Thomas Barwick | Digitalvision | Getty Images Big changes may be ahead for the U.S. economy between now and the end of the year. Investors can get ahead of those changes by taking steps to prepare now, experts say. The Federal Reserve last week slashed interest rates by 50 basis points, in a move expected … Read more
New York City Mayor Eric Adams speaks during a press conference at the City Hall, after it was revealed that he received a fresh round of federal grand jury subpoenas, New York City, U.S., August 16, 2024. Adam Gray | Reuters New York City Mayor Eric Adams has been indicted on criminal charges in federal … Read more
