CNBC Daily Open: Inflation and interest rates might go higher, warns the Fed
The fight against inflation isn’t over. And there’s a risk interest rates have to go higher. That’s the key takeaway from minutes of the Fed’s July meeting.
Chinese asset manager Zhongzhi says it faces a liquidity crisis, Reuters reports citing meeting video
Beijing-based Zhongzhi has hired one of the Big Four accounting firms to conduct a comprehensive audit of the firm, and is seeking strategic investors.
Japan trade data dims growth prospects as China leads decline in Asia exports
Exports to Asia plunged almost 37%, while those to China contracted 13.4% in an eighth consecutive monthly decline, underscoring the extent of the slowdown.
Asia markets mixed after Fed officials hint at higher rates
Minutes from the Fed’s July revealed that officials expressed concern about the pace of inflation, and said more rate hikes could be necessary unless conditions change
Missiles aren’t the only threat from North Korea. Its conventional arms are just as deadly
North Korea’s missile program is only one of many threats the reclusive state has in its growing military arsenal.
U.S. women’s national team coach Vlatko Andonovski resigns after early World Cup exit, source says
Not just the World Cup that hurt Andonovski’s chances of keeping his job. The U.S. also finished with a disappointing bronze medal at the Tokyo Olympics.
China’s premier says country will work to achieve growth targets
China’s Premier Li Qiang said Wednesday the country would work to achieve its economic targets for the year, according to an official readout.
Asia promotes crypto clarity amid regulatory uncertainty in the U.S.
Asia is promoting clear crypto rules at a time when large firms are facing regulatory uncertainty in the U.S., said industry observers.
Ark Invest says it’s not A.I. hardware it’s focused on, it’s software — and names 2 stocks
Ark Invest’s Renato Leggi explains why the firm wants to invest in software names related to artificial intelligence and names two it’s “focused on.”
‘Beat factor’: Bank of America names top out-of-consensus global stocks to buy. Here are 12 of them
The bank ranked stocks based on “beat factor” — its analysts’ most out-of-consensus stock ideas based on price objectives and earnings estimates.
