ECB board member reportedly cautions against back-to-back rate cuts, cites ‘risk of easing prematurely’
European Central Bank board member Isabel Schnabel warned against back-to-back rate cuts amid continued inflation risks, according to a Nikkei report.
CNBC’s Inside India newsletter: What’s next for India’s regulators?
One area that has caught regulators’ attention is the rapidly growing derivatives market, particularly futures and options trading.
IMF says U.S. should keep open trade, work with China to resolve disputes
The U.S. would be better served by maintaining its open trade system rather than imposing new punitive duties on Chinese goods, according to the IMF.
HSBC falls 3% amid reports that top shareholder Ping An is looking to trim its stake
Ping An last year had supported a shareholder motion to spin off HSBC’s Asia business and establish fixed dividends. The motion was eventually defeated.
Vietnam reportedly forfeits billions of dollars in foreign aid amid anti-graft freeze
Vietnam forfeited at least $2.5 billion in foreign aid over the last three years and may lose another $1 billion due to administrative paralysis.
Affluent consumers are creating a ‘bubble’ at Walmart, warns retailer’s former U.S. CEO Bill Simon
Walmart may just be a pit stop for high-income consumers.
China consumption slows as retail sales and investment data disappoint
China reported data Friday that pointed to slower growth on the consumer side while industrial activity remained robust.
CNBC Daily Open: Dow briefly tops 40,000 for the first time, meme stocks down but not out
JPMorgan Chase CEO Jamie Dimon this week warned policymakers the U.S. needs to address its growing fiscal deficit.
Chinese stock markets up after sweeping measures to boost housing sector, property shares pop
Investors assessed a slew of data from China, including its urban unemployment rate, retail sales, and industrial production.
Meme stocks and more: Analyst names ‘danger zone’ companies to avoid
GameStop, and others like AMC, experienced much volatility this week. One analyst names stocks in “danger zone” list, which also includes his “zombie stocks.”
