U.S. warns against Nippon merger with U.S. Steel, citing China steel glut
Nippon Steel’s proposed takeover of U.S. Steel would create national security risks from hurting steel supply for critical projects, the U.S. said in a letter.
China’s wealthy are increasingly looking overseas for business investment opportunities
China’s wealthy want to pursue business opportunities abroad, rather than just investment returns, according to asset managers and consultants.
CNBC Daily Open: Slow hiring doesn’t mean increased layoffs
Jobs give us money. And everyone likes money. So, everyone, more or less, likes jobs. It’s a problem when there aren’t enough jobs.
‘Economic refugees’ flee from New Zealand as cost-of-living crisis deepens
The economy is going to “get worse before it gets better,” said Shamubeel Eaqub, principal economist at the New Zealand Institute of Economic Research.
Asia-Pacific markets mostly fall as Japan spending misses expectations; Hong Kong closes due to typhoon
Japan’s household spending data, combined with pay numbers from Thursday, will give a clue about the Bank of Japan’s monetary policy moves.
S&P 500 tumbles Friday to post worst week since 2023, Nasdaq drops 2% for worst weekly performance since 2022: Live updates
The S&P 500 fell Friday and notched its worst week since March 2023.
China, India and more: Veteran investor shares his take on emerging markets right now
Is it time to invest in emerging markets? One investor has strong views.
The Fed won’t save stocks, sell the first rate cut, says Stifel
“Fed cuts are a red herring,” Stifel strategists said. “We have our doubts about the currently widespread belief that ‘Fed Cuts = Buy Stocks.’”
With Musk’s X banned in Brazil, its users carve out new digital homes
Brazil’s social masses are primarily on TikTok, Instagram and Facebook, but X had outsize influence in terms of newsmakers, agenda setting and thought leaders.
Friday’s jobs report for August is going to be huge. Here’s what to expect
The Wall Street consensus is for nonfarm payrolls growth of 161,000 for August and a slight decline in the unemployment rate to 4.2%.
