CNBC Daily Open: September’s blockbuster jobs report changes the calculus
The jobs report affirms recession unlikely for now. It also almost guarantees the Fed will reduce rates by a quarter point in November.
Tensions rise between banks and tech companies over online fraud liability in the UK
In the U.K., a number of financial firms see themselves as bearing the brunt of the cost for scams taking place virtually.
Thai headline inflation quickens in September, still below central bank target
Thailand’s annual inflation rose in September due to higher diesel and vegetable prices but stayed below the central bank’s 1%-3% target, said its ministry.
This 42-year-old built a $2 billion a year super app called Grab: I worked ’20 hour’ days
Anthony Tan, 42, is the co-founder and CEO of Grab. As of 2023, the company serves 35 million customers and provides 13 million gig jobs across Southeast Asia.
Activist Starboard Value has $1 billion Pfizer stake, taps former executives for help, sources say
Starboard’s stake comes amid a time of struggle at the drugmaker, which has begun to cut costs aggressively as demand for its Covid-19 medicines recedes.
Japan leads Asia markets higher; Nintendo rallies after Saudi fund reportedly looks to raise stake
Economists polled by Reuters expect the BOK and RBNZ to cut rates, while the RBI will hold.
Mining giant Rio Tinto in talks to buy U.S. lithium producer Arcadium
No financial specifics were disclosed.
‘Next dragon’: Fund manager names an under-the-radar, ‘very cheap’ market to play right now
“It’s in a sweet spot in terms of economic growth, urbanization, labor market participation and … government policy,” says Eric Sturdza’s Shasha Li Mafli.
Morgan Stanley’s Slimmon says the U.S. infrastructure sector is ‘very powerful,’ naming a stock to buy
Investors who want to diversify away from popular names and themes can look at this sector, says Morgan Stanley Investment Management’s Andrew Slimmon.
From guns to politics: See which factors are deterring Southeast Asians from visiting the U.S.
A survey from CNBC Travel shows how politics, the prevalence of guns and the fear of physical violence affect interest among Southeast Asians to visit the U.S.
