A girl hugging a young cattle at a breeding farm in Chongqing, China. Vcg | Visual China Group | Getty Images Fed up with China’s employment situation, young people on the mainland are retreating to the countryside. China’s Gen Z and millennials are increasingly documenting their rural day-to-day “retirement” lives on social media after declaring … Read more
A shareholder at a securities hall in Hangzhou, the capital of Zhejiang province in east China, on Sept. 24, 2024. Cfoto | Future Publishing | Getty Images China stocks rallied to their best day in 16 years, with related U.S. ETFs also soaring after recent economic stimulus buoyed investor optimism in the market. The Shanghai … Read more
Traders work on the floor at the New York Stock Exchange. Brendan Mcdermid | Reuters 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 see? You can subscribe here. What you … Read more
Beijing: Three Chinese megacities on Monday eased restrictions on buying homes and Beijing’s central bank said it would ask financial institutions to lower mortgage rates, as the country seeks to pull itself out of a housing slump. The measures are the latest in a raft of pledges out of Beijing since last week aimed at … Read more
Traders work on the floor of the New York Stock Exchange on September 18, 2024 in New York City. Stephanie Keith | 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
John Higgins reaches 1,000 career centuries but is knocked out of the English Open; Ronnie O’Sullivan is the only other player to have reached the four-figure century milestone Last Updated: 19/09/24 11:36pm John Higgins became only the second snooker player to reach 1,000 career centuries John Higgins became only the second snooker player to reach … Read more
Bebinca is the strongest storm to hit Shanghai since Typhoon Gloria in 1949. Shanghai, China: The strongest storm to hit Shanghai in over 70 years made landfall on Monday, with flights cancelled and highways closed as Typhoon Bebinca lashed the city with strong winds and torrential rains. A red alert is in place, and some … Read more
Chinese officials dropped a bombshell in a news briefing usually reserved for major policy announcements: Ye, formerly known as Kanye West, was set to hold a listening party for his new “Vultures” studio album on the Chinese island of Hainan on Sept. 15. To 33-year-old Ziteng Du, a Shanghai-based office worker, and many other … Read more
A customer pushes a shopping cart with bags outside of a Whole Foods Market grocery store on August 26, 2024 in El Segundo, California. Patrick T. Fallon | AFP | 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 … Read more
China’s slow post-Covid recovery could be a lasting headwind for its stock market. With the mainland’s two largest indexes — the Shanghai Composite and the Shenzhen Composite — each negative so far in 2024, KraneShares Chief Investment Officer Brendan Ahern thinks government stimulus is necessary to kick-start the country’s stock market performance. “Investors, particularly in … Read more
