Australia’s inflation rate has come within its target range, but rate cuts likely won’t come anytime soon
The RBA had expected inflation to fall. RBA Gov. Michelle Bullock said that inflation is expected to climb above the target range again when government reliefs expire.
CNBC Daily Open: Time to look at AI-adjacent plays
The AI wave will ripple throughout the ocean for some time. Big Tech or semiconductors are juicy catches, but a wider net might reel in other prizes.
Russia has secret war drones project in China, intel sources say in Reuters report
Russia has weapons program in China to manufacture long-range attack drones for the Ukraine war, according to European intelligence as reviewed by Reuters.
Chinese stocks close sharply higher after Beijing affirms stimulus measures; property stocks spike
Asia-Pacific markets rose on Thursday, led by Hong Kong’s Hang Seng index and the mainland Chinese markets which extended gains toward the session close.
India wants to become a semiconductor powerhouse, but it can’t do it on its own
India has big ambitions to become a semiconductor powerhouse as the world’s fifth-largest economy pushes for self-reliance in manufacturing.
Fearful of the ‘middle-income trap,’ Indonesia pushes for major policy reform
The nation’s finance minister said its yearly 5% GDP growth of is “not enough” for Indonesia to achieve the progress needed to become a high-income country.
Veteran investor Dietze names the sectors — and stocks — he likes right now
Peapack Wealth Management’s David Dietze continues to see opportunities in the market and revealed what he is betting on right now.
Blackstone exec reveals how to make money when investing in India — and the mistake to avoid
Blackstone Private Equity’s Amit Dixit names a common mistake investors make when investing in India.
Dow jumps more than 250 points, S&P 500 closes higher to post fresh record: Live updates
Stocks rose Thursday, regaining their footing after a mixed session, following the release of upbeat U.S. economic data.
OpenAI considering restructuring to for-profit, CTO Mira Murati and two top research execs depart
OpenAI’s board is considering plans to restructure the firm to a for-profit business. CTO Mira Murati and two top research execs said they are leaving.
