Sahm Rule creator doesn’t think that the Fed needs an emergency rate cut
She said, however, there is a good case for a 50 basis point cut, adding that the Fed needs to “back off” its restrictive monetary policy.
An airline now allows women to avoid sitting next to men. Here’s how travelers are reacting
Indian airline IndiGo is trialing a booking feature that allows women to see the genders of passengers when they book their seats, the company said.
India central bank asks top lenders to refrain from large trading bets against rupee, Reuters reports
The Reserve Bank of India has asked some large banks to not add to their existing positions against the rupee, four bankers told Reuters.
Disney beats estimates as combined streaming services turn a profit
Disney beat estimates as its combined streaming businesses — Disney+, Hulu and ESPN+ — turned a profit for the first time.
China’s exports miss expectations in July, while imports pick up with growth of 7.2%
China’s imports grew faster-than-expected in July, while export growth came in below forecasts, according to customs data released Wednesday.
Bank of Japan won’t raise rates when markets unstable, deputy governor says
Bank of Japan Deputy Governor Shinichi Uchida said on Wednesday the central bank won’t raise interest rates when financial markets are unstable.
What are the economics of war?
More countries are boosting their defense industries, calling for a shift to “war economy mode.” But what exactly is a war economy?
CNBC Daily Open: Correction may not be over yet
Dow snaps three-day losing streak; Super Micro sinks on earnings miss; X sues advertisers.
Samsung’s 8-layer HBM3E chips clear Nvidia’s tests for use, Reuters reports
Samsung’s fifth-gen HBM3E chips have passed Nvidia’s tests for use in AI processors, according to three sources.
Stocks close lower on Wednesday as market’s comeback attempt fizzles out: Live updates
Stocks fell Wednesday, as the major averages’ rebound failed.
