CNBC Daily Open: Will the Fed not cut rates in 2024?
No interest rate cuts in 2024? That would seem pretty far-fetched for many market watchers. But not for Torsten Slok, chief economist at Apollo Global Management.
Debate heats up as Singapore prime minister says exclusive Taylor Swift deal isn’t ‘unfriendly’
Singapore Prime Minister Lee Hsien Loong said Tuesday the country’s closed-door deal with Taylor Swift’s promoters is “not unfriendly” to nearby countries.
China EV shares are feeling the heat as price war concerns grow
China’s EV market, which is the world’s largest and most crowded, is seeing fierce competition to win market share through promotions and price cuts.
Target shares pop more than 12% as retailer boosts profits, despite lackluster sales forecast
Target grew profits even as sales stagnated, and said it plans to launch a new membership program.
Singapore’s Sea Limited posts first profitable year amid efforts to defend market share against Lazada, TikTok
Net income in 2023 was $162.7 million, as compared to a net loss of $1.7 billion in 2022.
Will Nikkei’s record-breaking rally sustain even as Japan’s economy sputters?
Japan’s Nikkei stock index has been on a record-breaking spree, but the country’s ailing economy has experts divided over this sustainability of this rally.
CNBC Daily Open: No rate cuts in 2024?
No interest rate cuts in 2024? That would seem pretty far-fetched for many market watchers. But not for Torsten Slok, chief economist at Apollo Global Management.
China boosts military spending by 7.2%, vows to ‘resolutely’ deter Taiwan ‘separatist activities’
Beijing vowed to “resolutely oppose separatist activities aimed at ‘Taiwan independence’ and external interference.”
China sets GDP 2024 target of ‘around 5%,’ plans to issue ‘ultra-long’ special bonds for major projects
The targets for GDP and other economic indicators were published as part of the opening of the National People’s Congress annual meeting.
China stocks hit over three-month highs as Beijing targets 5% GDP growth; Hong Kong slides 2.5%
China has projected a GDP growth target of “around 5%” for 2024, and expects the inflation rate in the country to increase to “around 3%.”
