H&M shares jump 14% as profit smashes expectations
The Swedish retailer significantly beat profit expectations for its fiscal first quarter.
Ukraine war updates: Russia says it’s ‘hard to believe’ Islamic State group behind terror attack; death toll rises to 140
Russian officials continue to accuse the West and Ukraine of involvement in the Crocus City Hall attack last Friday in which 140 people were killed.
CNBC Daily Open: Baltimore port shutdown a major disruption
The closure of the Port of Baltimore is a major disruption as it’s one of the busiest ports in the U.S.
Mumbai overtakes Beijing to become Asia’s billionaire capital for the first time
Mumbai is now the Asian capital with the most number of billionaires, according to Hurun Research Institute’s global rich list.
India’s love for gold has done little for its economy and investors, BlackRock’s Larry Fink says
Fink emphasized the importance of capital markets and how they can improve a country’s economic standing as opposed to gold.
This small Southeast Asian country has ‘engineered’ a society that lives to 100 – here’s how
Singapore is the world’s sixth “blue zone,” successfully creating policy that promotes longevity for citizens, according to Dan Buettner who coined the term.
China opens WTO dispute against U.S. subsidies to protect its EV industry
China has initiated dispute settlement proceedings against the United States at the World Trade Organization to safeguard its interests in the EV industry.
CNBC Daily Open: U.S. consumers’ optimism wanes
U.S. consumer confidence appears to be waning as anxiety grows about the economy.
Asia stocks mixed as investors assess China, Australia economic data; yen falls to 34-year low
China’s combined industrial profit for January and February climbed 10.2% year on year, data showed. Industrial profits fell 2.3% for the whole of 2023.
Feds seek seizure of two New York apartments worth $14 million tied to former Mongolia leader in alleged mining scheme
Two luxury apartments in New York allegedly were bought with proceeds from improperly awarded copper contracts related to a huge mine in Mongolia.
