Wealth in Turkey grew the most in the world at 157% despite soaring inflation, according to ranking
For Turks who own assets like homes, wealth has grown as inflation pushes the costs of those assets up.
Trump says Taiwan should pay the U.S. for defense; shares of chip giant TSMC fall
Donald Trump said he thinks Taiwan should pay the U.S. for defense claiming the country “doesn’t give us anything.”
Adidas shares rise after hiking 2024 guidance
Shares in Adidas nudged higher on Wednesday after the company announced it would hike its full year 2024 earnings guidance.
UK inflation holds steady at Bank of England’s 2% target, above expectations
The Office for National Statistics released inflation figures for June on Wednesday.
CNBC Daily Open: Dow jumps 700 points, gold hits record, HSBC new CEO
The Dow Jones Industrial Average rose more than 700 points to close at another record high as the bull run appeared to broaden.
ASML bookings surge as AI chip demand boosts purchases of its critical semiconductor tools
ASML reported second-quarter earnings and sales that beat forecasts, as interest in AI chips drives up demand for the firm’s semiconductor making equipment.
Labour’s gains in London have private equity looking to exit — the country
The U.K.’s new Parliament is in session, and the Labour Party promising is aggressive changes to private equity.
A growing number of parents are refusing to give their children smartphones — and the movement is going global
Parents are concerned about giving children smartphones as more studies show that mental health issues in kids is linked to smartphone and social media use.
‘I see them the whole time’: The problem of fakes in the art market
Forged artworks don’t often come to light because of the reputational risk to the galleries or auction houses involved, insiders say.
IMF raises India’s economic outlook, says global growth will remain lackluster
While the IMF takes a bullish stance toward China and India’s economic outlook, the U.S. could see a slowdown in growth momentum.
