CNBC Daily Open: Debt ceiling detours
The good news: Biden will meet McCarthy in person later today to discuss the debt ceiling. The bad: There’s no telling how the talks will proceed.
China chip stocks rally after Beijing said U.S. chip giant Micron is ‘major security risk’
Shares of its South Korean and Chinese rivals surged on Monday, some as much as up to 8% higher.
Wall Street analysts are bullish on Chinese tech firms, even as recovery is uneven
Analysts are bullish on China’s tech industry even if recovery is not uniform across different tech companies.
Norway faces backlash from campaigners for ‘reckless’ pursuit of Arctic oil and gas
The Norwegian government says it is seeking to maintain Europe’s energy security by exploring the Barents Sea for further resources.
America’s Got Talent judge Simon Cowell says this advice from his dad inspired his success
Music mogul-turned-multimillionaire Simon Cowell said his career success was inspired by an early piece of advice from his father.
Singapore Prime Minister Lee Hsien Loong tests positive for Covid
The Singapore Prime Minister said Monday in a Facebook post he has tested positive for Covid-19 for the first time, after returning from recent state visits.
Southeast Asia’s worst-performing stock market is UBS’s ‘top pick’
There’s plenty of optimism about Thailand as its tourism potential, but political headwinds could still be a game-changer, says Kelvin Tay from UBS Global Wealth Management.
The remote islands that are critical to a UK bet on wind energy
The U.K. wants to generate enough wind energy to power every home in the country by 2030. And a cluster of remote islands is central to that goal. We visited a wind farm on the Shetland Islands, Scotland, to find out more.
‘We are not decoupling’: G-7 leaders agree on approach to ‘de-risk’ from China
The impact of a widening rift between the U.S. and China may lead to further damage, economists warn.
Asia markets mostly rise as Tokyo stocks extend rally, China leaves loan rates unchanged
The People’s Bank of China left its 1-year and 5-year loan prime rates unchanged, in line with expectations.
