CNBC Daily Open: Fed’s Powell says high rates could hurt growth
Powell said prolonged high rates could harm economic growth. The S&P 500 notched its 36th record close. Biden pledged Patriot missiles to Ukraine.
An investment banker quit her job to become a YouTuber and now makes over $1 million
An investment banker who quit her job to become a YouTuber — just two months before a six-figure bonus — now has over 1 million subscribers.
‘Blowout’ in French borrowing costs still to come amid economic deadlock, veteran investor says
“Political paralysis in France is economic paralysis in France,” David Roche told CNBC.
Locusts in your noodles? Singapore approves 16 insect species as food
The agency said the following list of approved bugs can be imported for both human consumption and animal feed for food producing animals.
‘Don’t get tired’: Samsung Electronics workers extend strike indefinitely, say chip production disrupted
This is the first strike by the labor union in Samsung Electronics’ entire 55-year history, according to local media.
China’s inflation numbers miss expectations, rising 0.2% in June
China’s consumer price inflation rose by 0.2% in June from a year ago, missing expectations, while producer prices fell in-line with forecasts.
CNBC Daily Open: Powell says high rates threaten growth
Powell says prolonged high rates could harm economic growth. The S&P 500 notches its 36th record close. Biden pledges Patriot missiles to Ukraine.
China’s Ping An eyes up to $5 billion convertible bond sale, Reuters reports
China’s Ping An Insurance is considering issuing a convertible bond worth up to $5 billion, according to two sources with direct knowledge of the matter.
Japan’s Nikkei nears all-time intraday high as other Asia markets slip; China inflation weaker than expected
China’s consumer price index is expected to climb 0.4% in June, compared with 0.3% in May.
China’s ETF market sees ‘explosive’ growth, inflows jump 5-fold in three years, Morningstar says
Chinese exchange-traded funds saw a “staggering” growth in the last few years, with inflows consistently notching new highs, according to Morningstar.
