CNBC Daily Open: Wall Street sinks, Tesla slumps
S&P 500 and Nasdaq tumble for worst day since 2022. Tesla slumps 12%. Ford misses earnings
Chinese EV startups are spending more on research than Tesla is
U.S.-listed Chinese electric car companies are spending more on research as a ratio to sales than Tesla, according to CNBC analysis.
Salary transparency gains steam in Asia as young people share their salaries online
Whereas California and New York require companies to share pay ranges on job postings, most companies in Asia limit pay transparency to internal stakeholders.
India likely to ease curbs on some Chinese investments, Reuters reports
India is likely to ease restrictions on Chinese investment in non-sensitive sectors like solar panels and battery manufacturing.
China aims to control dairy, beef output as weak sales hit prices
China plans to implement measures to help dairy and beef producers limit production to prevent prices from falling further, as meat consumption declines.
Japan’s Nikkei drops 3% as Asia-Pacific markets slide, tracking Wall Street sell-off
South Korea’s GDP grew 2.3% year on year, lower than the 2.5% expected by economists polled by Reuters.
BOJ to weigh rate hike next week, detail plan to halve bond buying, Reuters reports
The Bank of Japan is likely to debate whether to raise interest rates when it meets next week and unveil a plan to roughly halve bond purchases in coming years.
CNBC Daily Open: Wall Street sinks, Ford slumps
S&P 500 and Nasdaq tumble, marking their worst day since 2022. Tesla slumps 12%. Ford misses earnings estimates.
Biden says he put ‘personal ambition’ aside to ‘pass the torch’ to Harris for Trump battle
President Biden dropped out of the race against Donald Trump and endorsed Kamala Harris while isolating with Covid-19 in Delaware.
S&P 500, Nasdaq close lower Thursday as tech comeback attempt falters: Live updates
The S&P 500 and Nasdaq Composite dropped on Thursday, building on the previous session’s losses.
