CNBC Daily Open: BOJ ups rate to 0.25%; U.S. stocks fall; Starbucks’ same-store sales decline
Japan’s central bank lifted its benchmark interest rate to “around 0.25%” from the previous range of 0% to 0.1%.
Bank of England rate cut is a close call even with inflation on target
Members of the central bank’s voting Monetary Policy Committee are divided.
TikTok-owner ByteDance’s Singapore workers suffer mass food poisoning
An office of TikTok-owner ByteDance in Singapore was hit by a mass food poisoning incident on Tuesday, according to local authorities.
HSBC shares rise 3% after profit beat, $3 billion buyback announcement
HSBC posted a narrow decline in pretax profit in the first half of the year, but beat expectations on the back of a high-interest rate environment.
Bank of Japan raises benchmark interest rate, outlines roadmap for trimming bond buying program
The central bank said that it will reduce the monthly outright purchases of JGBs to about 3 trillion yen per month in the January to March 2026 quarter.
Japan’s new currency diplomat keeps intervention on table to stabilize yen
Japan will retain its basic approach on the yen with intervention remaining an option to tackle excessively volatile moves in the exchange rate.
The price of a dream: Why it costs so much to become an Olympic athlete
Few Olympians see a return on investment for the time and money spent over a lifetime of training. So, how do you inspire the next generation of athletes?
CNBC Daily Open: Tech retreats; Starbucks same-store sales decline for second straight quarter
The S&P 500 and the Nasdaq Composite closed lower on Tuesday as investors awaited quarterly earnings from Meta, Apple and Amazon later this week.
I’ve been to 100 countries. I didn’t expect to want to return to these 5
Travel enthusiast Todd Miller identifies the five countries that he had assumed would be “one and done” places, but that left him wanting to know much more.
Here’s how much athletes at the Paris Olympics earn for winning medals
Aside from a medal, a stuffed toy of the Olympics mascot and an official event poster, some medal winners are accorded additional financial rewards.
