China’s Huawei is reportedly set to release new AI chip to challenge Nvidia amid U.S. sanctions
Huawei is reportedly planning to introduce a new AI chip which it claimed is on par with Nvidia’s H100.
Japan Prime Minister Fumio Kishida will not run for party reelection
Kishida’s decision to not run for reelection effectively means he would step down as prime minister when the party elects a new leader.
Reserve Bank of New Zealand cuts cash rate by 25 basis points, lowers rate forecasts
The Reserve Bank of New Zealand lowered its cash rate by 25 basis points to 5.25% on Wednesday.
Monaco is 1 of 6 locations hosting the star-studded E1 — a race thought ‘impossible’ before it began
Monaco is the latest location to host the all-electric E1 boat race, a competition with teams owned by celebrity athletes like Tom Brady and Rafael Nadal.
CNBC Daily Open: Wall Street soars; Starbucks ousts CEO
Wall Street rose after producer prices came in softer than expected, raising hopes of a rate cut.
Asia-Pacific markets mostly gain as RBNZ cuts cash rate; Japan’s Prime Minister Kishida to step down
Separately, business sentiment at Japanese manufacturers have turned slightly less confident in August, according to the Reuters Tankan survey.
Reliance, Disney offer concessions to win antitrust nod for India media merger, Reuters reports
The merged company will have lucrative rights worth billions of dollars for the broadcast of cricket, raising pricing power fears and its grip over advertisers.
These 4 Japanese stocks are trading at a ‘deep discount’: Bernstein
Bernstein continues to see promise in Japan, recommending a specific trading strategy and naming overweight-rated stocks.
Jefferies names 3 chip stocks to buy after the sell-off, giving all over 50% upside
Each of Jefferies chip stock picks have more than 50% upside.
S&P 500 closes higher for fifth straight day as easing inflation bolsters rate cut hopes: Live updates
The 30-stock Dow rose following a largely in line July inflation print.
