Stocks close lower, Nasdaq slides 1% as Treasury yields rise and Powell speech looms: Live updates
Traders are looking ahead to commentary from Federal Reserve Chair Jerome Powell on Friday for further clues about a potential rate cut.
British tech entrepreneur Mike Lynch and Morgan Stanley’s Bloomer retrieved from yacht wreckage
Mike Lynch was one of 22 passengers aboard the Bayesian superyacht, which capsized while anchored off the coast of Sicily.
Bavarian Nordic shares pop over 13% on earnings beat, bumper mpox vaccine order
Shares of Danish biotech company Bavarian Nordic jumped Thursday after reporting first-half earnings and a bumper mpox vaccine order.
PwC China faces six-month business ban, large fine over Evergrande audit, sources say
Regulators will likely order business suspension for a big part of PricewaterhouseCoopers’ auditing unit in mainland China for six months, five sources said.
Treasury yields rise as traders await Powell remarks
The U.S. 10-year Treasury rose on Thursday as investors looked ahead to remarks from Federal Reserve Chair Jerome Powell.
Oil tanker abandoned, adrift and ablaze after Red Sea attack
Greece’s Minister of Shipping and Insular Policy Christos Stylianides condemned the attack as a “flagrant violation of the rules of international law.”
Hong Kong IPOs signal rebound as HKEX remains ‘cautiously optimistic,’ says CEO
Fundraising activity is rebounding on HKEX, reinforced by additional follow-on fundraising and a strong IPO pipeline, according to CEO Bonnie Chan.
CNBC Daily Open: Fed minutes signal September rate cut
The Federal Reserve officials at their July meeting moved closer to an anticipated interest rate cut, indicating that a September reduction was quite probable.
Death toll rises to 17 in blast at Indian pharmaceutical factory
Andhra Pradesh ended rescue efforts at a pharmaceutical plant explosion that killed 17 and injured nearly 40, officials said Thursday.
Why these Japanese companies want to make hydrogen on the moon
Two Japanese companies plan to produce hydrogen on the lunar surface during a mission set to launch by the end of the year.
