Is the battle against inflation getting tougher?

Is the battle against inflation getting tougher?

A trader works, as a screen displays a news conference by Federal Reserve Board Chairman Jerome Powell following the Fed rate announcement, on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., December 13, 2023.  Brendan Mcdermid | Reuters This report is from today’s CNBC Daily Open, our international markets … Read more

Uber Eats to begin self-driving robot deliveries in Japan

Uber Eats to begin self-driving robot deliveries in Japan

Uber announced Tuesday that its Uber Eats business is partnering with Mitsubishi Electric and delivery robotics company Cartken to begin transporting food using self-driving robots in Japan. The sidewalk robot deliveries are set to start by the end of March in a select area of Tokyo, according to the companies. Uber Eats said Japan will … Read more

U.S. consumers stay bullish on the economy

U.S. consumers stay bullish on the economy

A shopper carries several bags in the Magnificent Mile shopping district of Chicago on Dec. 2, 2023. Taylor Glascock | Bloomberg | 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 are. … Read more

U.S. consumers upbeat on the economy

U.S. consumers upbeat on the economy

People cross the street outside the Macy’s Herald Square store in New York City on Dec. 17, 2023. Kena Betancur | Corbis News | 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 … Read more

Magnificent 7 profits now exceed almost every country in the world. Should we be worried?

Magnificent 7 profits now exceed almost every country in the world. Should we be worried?

Traders work on the floor of the New York Stock Exchange during morning trading on January 31, 2024 in New York City. Michael M. Santiago | Getty Images The so-called “Magnificent 7” now wields greater financial might than almost every other major country in the world, according to new Deutsche Bank research. The meteoric rise … Read more

japan population: Aging Japan ends iconic thousand-year-old ‘Somin-sai Naked Men festival’

japan population: Aging Japan ends iconic thousand-year-old ‘Somin-sai Naked Men festival’

In a solemn acknowledgment of shifting demographics and cultural evolution, Japan’s iconic ‘Somin-sai’ festival (Naked Men festival) in Iwate bid its final farewell on February 17. As reported by Asahi Shimbun, a longstanding tradition that spanned a millennium reached its conclusion, marking the end of an era. For generations, this peculiar festival has drawn crowds … Read more

Is progress on inflation stalling?

Is progress on inflation stalling?

Prices on displayed in a New York grocery store on Feb. 1, 2023. Leonardo Munoz | Corbis News | 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 are. Like what you … Read more

Fears over yet another hot inflation gauge

Fears over yet another hot inflation gauge

A man walks past a grocery store on February 01, 2023 in New York City. Wages for workers in most major U.S. cities grew at a slower pace in the final three months of 2022, with inflation still outstripping pay for many workers. Leonardo Munoz | Corbis News | Getty Images This report is from … Read more

Weak U.S consumer spending spells caution

Weak U.S consumer spending spells caution

Customers visit Macy’s Herald Square store on December 17, 2023 in New York City.  Kena Betancur | Corbis News | 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 are. Like what … Read more

BOJ juggles yen weakness and fragile growth after GDP surprise

BOJ juggles yen weakness and fragile growth after GDP surprise

An editorialized picture of a falling graph against the Japanese flag. Natanael Ginting | Istock | Getty Images Japan’s central bank is expected to exit its negative interest rate regime this spring, though sluggish growth will limit its ability to alleviate depreciation pressure on the yen, according to a former Bank of Japan board member. … Read more