CNBC Daily Open: Moving past sticky core inflation
Stubborn core inflation means the Fed’s unlikely to slash rates by 50 basis points. Markets will cope.
Dutch neobank Bunq goes on hiring spree, targeting digital nomads, as other fintechs slash jobs
Bunq, the Dutch digital bank, told CNBC it plans to increase its global headcount by over 70% in 2024.
Asian chip-related stocks rally on renewed AI optimism after Nvidia CEO comments
Asian chipmaking heavyweights extended Wall Street’s rally as Nvidia CEO Jensen Huang made bullish comments about the AI darling’s outlook.
European Central Bank cuts interest rates again and lowers growth forecasts
The European Central Bank’s meeting comes just days before the Federal Reserve appears poised to start its own rate-cutting cycle.
Bill Gates-backed startup says a global gold rush for buried hydrogen is picking up momentum
Geologic hydrogen — sometimes known as white, gold or natural hydrogen — refers to hydrogen gas that is found in its natural form beneath Earth’s surface.
Oprah and Diane von Furstenberg slam assault on women’s reproductive rights
Oprah Winfrey and Diane von Furstenberg have doubled down on their support for Democratic presidential nominee Kamala Harris, saying that the alternative option would be unacceptable for women.
China threatens to retaliate over U.S. bill that could shutter Hong Kong trade offices
American lawmakers have passed a bill that could lead to the closure of Hong Kong’s trade offices, drawing condemnation from its government and Beijing.
U.S. supports two permanent UN Security Council seats for Africa, Reuters reports
The U.S. backs two permanent UN Security Council seats for Africa and a rotating seat for small island nations, Ambassador Thomas-Greenfield told Reuters.
Investors expecting an aggressive Fed cut are getting too ‘ahead of the curve,’ UBS CEO says
The markets may be getting too ahead of themselves that the U.S. Federal Reserve will pull an aggressive rate cut, said the CEO of Swiss banking giant UBS.
Harris or Trump: Does it matter for China who wins the election?
The U.S. in May announced stiff duties on about $18 billion worth of Chinese imports, including EVs, solar cells, lithium batteries, steel and aluminum.
