Money launderers are increasingly turning to crypto to conceal flow of funds, Chainalysis says
The report said these criminals are using crypto because crypto is “cross-border, virtually instant, and generally inexpensive to transact.”
Temasek aims to invest up to $10 billion in India as China weighs
Temasek plans to invest up to $10 billion in India over three years in sectors such as financial services and healthcare as it turns cautious on China.
CNBC Daily Open: Trump picks VP, Dow record close, bitcoin ‘digital gold’
The Dow Jones Industrial Average closed at an all-time high after former President Donald Trump survived an assassination attempt.
Protests will ‘absolutely’ spread if European cities don’t address overtourism, says UNESCO official
Protests in Spain will spread if officials fail to rebalance the interests of locals and travelers, UNESCO’s Peter Debrine told CNBC’s “Squawk Box Asia.”
‘Luxury shame’: China’s rich shy away from flaunting their wealth amid economic jitters
China’s rich are cautious about flaunting their wealth as the economy faces headwinds, putting the country’s luxury market under pressure.
Foreign carmakers in China face ‘increasingly precarious’ position, consultancy says
New tariffs on Chinese EVs don’t help foreign automakers stay competitive, especially in the lucrative China market, says business consultancy AlixPartners.
Asia-Pacific markets mixed after Fed Chair Powell’s rate cut comments lift Wall Street
Federal Reserve Chair Jerome Powell said the central bank will not wait until inflation hits 2% to cut interest rates.
CNBC Pro Talks: From weight loss drugs to AI winners, CIO set to reveal his top stocks
CNBC’s Arjun Kharpal will ask Tema ETFs’ Yuri Khodjamirian how to invest in weight loss drugs, AI, U.S. reshoring and more.
Forget the Magnificent 7: UBS just refreshed its ‘Super 8’ list of global stock picks
These stocks are expected to “narrow [their] performance gap with the Magnificent 7 and outperform the rest of Asia over the next 12 months,” UBS says.
‘Best idea…ever’: Fund manager predicts 10-fold rise in this e-commerce stock
Hedge fund manager says the stock, which currently has a billion-dollar valuation, could be worth $10 billion in two to three years.
