CNBC Daily Open: Fed signals rate cut; U.S. stocks soar; oil gains as Middle East tensions rise
The Fed kept its benchmark rate steady at 5.25% to 5.50%, but Chair Jerome Powell signaled the U.S. central bank could cut rates in its September meeting.
China holds back on more stimulus, citing necessary ‘pain’
China is not planning additional stimulus for the second half of the year, according to officials from the economic planning agency and finance ministry.
Toyota first-quarter profit jumps 17% on weak yen, matches expectations
Toyota Motor said on Thursday it posted a 17% rise in first-quarter operating profit.
‘Internal battle’ in Modi’s BJP on whether India needs Chinese investments, Natixis chief Asia economist says
India has ambitious plans to become a manufacturing powerhouse in Asia, but it might not be able to do so without Chinese investments, experts said.
World’s first major AI law enters into force — here’s what it means for U.S. tech giants
The European Union’s landmark artificial intelligence law officially enters into force Thursday — and it means tough changes for American technology giants.
Tensions high in Venezuela after contested election, with more arrests feared
Shops and public transport across Venezuela shut down because of tensions over a fiercely disputed presidential election and rumors of more opposition arrests.
More people are exploring alcohol-free trips and ‘sober curious’ vacations
A growing number of people are exploring “dry tripping,” “sober travel” and “alcohol-free vacations” for reasons related to physical and mental health.
China’s Communist Party expels former CNPC chairman, state media says
China’s ruling Communist Party has expelled the former chairman and party secretary of state-owned China National Petroleum Corp for discipline violations.
CNBC Daily Open: Fed signals possible rate cut; Wall Street soars; oil gains as Middle East tensions rise
The Fed kept its benchmark rate steady at 5.25% to 5.50%, but Chair Jerome Powell signaled the U.S. central bank could cut rates in its September meeting.
Japan orders ‘drastic reforms’ after new Toyota certification violations
The Japanese government ordered Toyota Motor to make “drastic reforms” after discovering new violations in the automaker’s vehicle certification procedures.
