Teens drive $67 billion in spending. Here’s where they’re putting their money, and why it’s bad news for some stocks
Gen Z girls are planning to pull back on clothing spending, which could spell trouble for apparel stocks in the months ahead.
Kuroda less dovish as he departs BOJ after decade of massive stimulus
Haruhiko Kuroda bade farewell as Japan’s central bank chief on Friday, after a decade of unconventional policy.
Toyota to launch 10 new battery EV models by 2026, executive says
Toyota Motor Corp looks to introduce 10 new battery electric vehicle models by 2026, a senior executive said on Friday.
Goldman Sachs just turned bearish on BMW and others — and Tesla could be to blame
Goldman’s analysts raised their share price upside for just two European automakers, and cut price targets on the rest.
Top lawmakers invite South Korean president to address Congress
The move comes as the U.S. continues efforts to strengthen its relationships with parts of Asia amid worsening tensions with China.
China’s recovery is taking longer than expected, so Citi is pushing back its stock rebound forecasts
Earnings from Chinese e-commerce giants JD.com and Alibaba have also indicated that consumers remain conservative about spending.
China imposes further sanctions on Taiwan’s U.S. representative
“Wow, the PRC (People’s Republic of China) just sanctioned me again, for the second time,” Hsiao tweeted in response to the announcement.
Want to play soaring gold prices? These stocks are seen rising by at least 20%
With gold prices hovering near record highs, CNBC Pro has comprised a list of buy-rated stocks which are expected to soar over 20%.
Asia markets rise in muted session as most markets closed for holiday
Australia, Hong Kong, Singapore and India are closed for a market holiday.
Samsung Electronics to make ‘meaningful’ cut to chip production in effort to support prices
The figure was worse than analysts had forecast, as a chip glut worsened and buyers slowed purchases amid a global economic slowdown.
