U.S. companies to announce over $1 billion of investments in the Philippines, Commerce Secretary Raimondo says
American companies are set to announce investments amounting to more than $1 billion in the Philippines, said U.S. Commerce Secretary Gina Raimondo in Manila.
Disney paid ValueAct millions in fees before winning its support in proxy fight, activist says
Blackwells Capital says that Mason Morfit’s ValueAct has collected $95 million in fees to manage Disney pension funds prior to backing management.
Ikea is cutting prices as inflation eases — and more could be on the way
Swedish retail giant IKEA has been cutting prices for some of its items as inflation eases and the cost of raw materials drop globally.
U.S. curbs on China to rise as ‘decoupling is really in full force,’ expert warns, amid possible TikTok ban
The U.S. has been ramping up pressure on Chinese companies in recent years, especially in the semiconductor, EV and biotech sectors.
CNBC Daily Open: Markets brace for key U.S. inflation gauge
Wall Street is bracing for a key inflation gauge that will once again test the markets.
OpenAI denies Elon Musk lawsuit claim that there ever was founding agreement
Elon Musk’s lawsuit against OpenAI claimed the startup breached a “founding agreement” not to keep code private. OpenAI says there never was an agreement.
JPMorgan’s Dimon urges US Fed to wait past June before cutting rates
JPMorgan CEO Jamie Dimon said on Tuesday he sees a little bit of a bubble in equity markets right now.
‘Really, really cheap’: Pros name 4 under-the-radar stocks to play a China turnaround
One portfolio manager said the Chinese market has been “a lot more fun this year.”
China’s stock valuations are ‘way too low,’ strategist says — here’s why
Valuations of Chinese stocks are “way too low,” according to Shaun Rein, founder and managing director of the China Market Research Group.
Barclays names three global stocks to buy for the next quarter, giving them major upside
The Wall Street bank’s strategists said they have a “high conviction” on the stocks, which are also traded in the U.S.
