Inflation surprise puts a rate hike pause back on the table for Bank of England
The Bank of England’s next monetary policy move is now wide open, following a significant downside surprise in the August inflation print out on Wednesday.
Germany will become the sick man of Europe without change, Deutsche Bank CEO says
Deutsche Bank CEO Christian Sewing said Germany will become the sick man of Europe if “structural issues” are not addressed immediately.
Cathie Wood says Tesla is the ‘biggest AI opportunity in the world’ today
She explains why, and gives the stock a 2027 price target representing massive upside.
Watch CNBC’s full interview with ARK Invest CEO Cathie Wood
Cathie Wood, CEO of Ark Invest, discusses the tech space, monetary policy and Tesla with CNBC.
Ark CEO Cathie Wood says she avoided the Arm IPO frenzy. Here’s why
Ark Invest CEO Cathie Wood said she did not participate in Arm’s IPO last week, as the chip designer was overvalued relative to its competitive position.
Global debt stock hit a record $307 trillion in the first half of 2023, top trade body says
The stock of global debt rose $10 trillion in the first half of 2023, bringing it to a new record high of $307 trillion, according to a report by the IIF.
Asian Development Bank trims growth forecast for region, dampened by Chinese property sector weakness
The Asian Development Bank trimmed its 2023 growth forecast for the region to 4.7% on the back of China’s embattled property sector.
Europe is ‘very far’ from imposing new duties on Chinese EVs despite ongoing probe, top official says
The European Commission surprised many last week by announcing a probe into Chinese EV susidies.
UK inflation dips to 6.7%, below expectations as food prices ease
U.K. inflation came in at 6.7% in August, below expectations and down slightly from the previous month.
China exports zero germanium and gallium in August as national security curbs bite
Export curbs on these two chipmaking metals are part of China’s escalating war with the U.S. and its allies over access to strategic technology.
