Biden advisor defends stimulus and inflation surge: ‘The real cause was the global pandemic’
Heather Boushey is a member of President Joe Biden’s Council of Economic Advisers.
Dutch PM Mark Rutte says he won’t run for fifth term after government collapses
Dutch Prime Minister Mark Rutte announced on Monday that he won’t run for a fifth term in office.
Sweden is in the final stretch to NATO membership. But Turkey could yet derail it
NATO is convening in Vilnius, Lithuania, to approve new defense plans, and — its leaders hope — announce the full approval of Sweden to the alliance.
Goldman Sachs says India will overtake the U.S. to become the world’s second-largest economy by 2075
India is poised to become the world’s second largest economy by 2075, overtaking the U.S., Japan and Germany, Goldman Sachs forecasts.
Alibaba shares rise after Chinese regulators fine Ant Group, ending regulatory uncertainty
Alibaba’s Hong Kong-listed shares rose 4% in Monday morning trade amid hopes of the years-long scrutiny of its financial arm Ant Group coming to an end.
Forget the hype: Barclays identifies global ‘A.I. winners’ for the long term
Of the companies Barclays named, analysts expect two stocks to rise by more than 50% over the next 12 months.
China-led electronic vehicle boom in Thailand threatens Japan’s grip on key market
The Chinese wave is already beginning to reshape Thailand’s auto industry, as EV makers from China bring in their suppliers and local Thai firms.
China’s producer prices sink again in June in latest sign of stalled recovery
Official China inflation data released on Monday underwhelmed market expectations, pointing to the challenges for its leaders in revitalizing growth momentum.
JPMorgan reveals its ‘pecking order’ for the second half including these high-yielding global stocks
JPMorgan named a raft of European stocks it described as having high yields, strong balance sheets and safe dividends.
As investor focus shifts to EVs, analysts expect these auto stocks to soar
Analysts expect many of the EV stocks on CNBC Pro’s screen to rally over 30% in the next 12 months.
