CNBC Daily Open: Why markets aren’t always a good barometer for the economy
Last week’s market moves seem driven by sentiment. While that can tell us something our brain doesn’t know, it can also mislead.
K-pop is more popular than ever, but that isn’t helping agency stock prices
K-pop is seeing increasing popularity, with records being shattered on streaming services and concert crowds, but this is not reflected in the sector’s share prices
China Renaissance shares plunge after 17-month suspension, former chairman’s detention
Shares of China Renaissance fell as much as 72% to a record low when they resumed trading after its suspension during a probe involving its then-chairman and CEO.
Huawei’s trifold phone gets 2.7 million pre-orders ahead of Apple’s iPhone 16 launch
Huawei has received more than 2.7 million pre-orders for its new, trifold smartphone, according to its website Monday.
China’s Midea Group launches $3.5 billion share offering in Hong Kong
Chinese home appliance maker Midea Group launched a $3.46 billion share offering in Hong Kong Monday, marking the city’s largest listing in over three years.
China’s CPI climbs by a less-than-expected 0.6% as transport and home goods prices fall
China on Monday reported its consumer price index rose by 0.6% year on year in August, missing expectations.
Foreign election influence campaigns have bark but questionable bite
Russia, China and Iran have all been accused of perpetrating complex campaigns to manipulate U.S. politics. Their effectiveness, however, appears to be lacking.
Hang Seng leads losses in Asia; China consumer inflation comes in weaker than forecast
Traders in Asia assessed Japan’s revised GDP figure for the second quarter and China’s consumer price index report.
Wall Street is turning less bullish on tech darling ASML for several key reasons
Analysts at major Wall Street banks are getting more cautious on chip darling ASML, raising concerns about the critical chip equipment maker’s demand outlook.
This Swiss chip stock is set ride the AI boom, analysts say — and one gives it 75% upside
Vontobel expects this stock to rise 35%, while Jefferies is even more bullish and says it’s set to soar 75%.
