Japanese yen weakens to fresh 38-year lows; top currency diplomat replaced
Separately, Japan has also reportedly replaced top currency diplomat Masato Kanda.
China is testing the limits of a critical U.S.-Philippines defense pact — will Washington respond?
China has stepped up its actions against the Philippines in disputed waters of the South China Sea, raising questions of American deterrence in the region.
CNBC Daily Open: Roaring Kitty, Nike flops, inflation on deck
Nike’s shares fell 12% after cutting guidance. Roaring Kitty’s post caused brief volatility in Chewy’s stock. The S&P 500 gained slightly.
Asia-Pacific markets rise as investors assess Japan economic data; yen hits fresh 38-year low
Investors will be keeping an eye on the yen, as well as key inflation and factory data out of Japan.
AeroVironment CEO describes how drones are the future of modern warfare
In a Thursday interview with CNBC’s Jim Cramer, AeroVironment CEO Wahid Nawabi discussed his company’s drone technology.
Skip Nvidia? Value investor David Katz is betting on 4 ‘lower risk’ stocks instead
David Katz of Matrix Asset Advisors says there are “better” stocks than Nvidia, offering “a lot lower risk.”
S&P 500 closes lower Friday, but AI trade drives a 14.5% gain in first half of 2024: Live updates
Friday marks the end of the trading week, month, quarter and half year.
Chewy stock pops 34% after Roaring Kitty posts a dog picture, then gives it all back
Shares of the online pet food retailer saw a big roundtrip after Roaring Kitty posted a picture on social media platform X resembling its logo.
U.S. needs major nuclear power expansion to meet rising electricity demand, Southern Company CEO says
The U.S. needs to install more than 10 gigawatts of new nuclear power, said Chris Womack.
Nike shares plunge after retailer says quarterly sales will fall 10%, warns on China weakness
Nike has found itself in a rough patch as the sneaker giant has worked to claw back market share it’s ceded to upstarts like On Running and Hoka.
