Oil alliance OPEC+ zeroes in on group compliance after postponing output hike
The OPEC+ alliance is once more angling in on group compliance with oil output cuts, amid overproduction from heavyweight members Iraq and Kazakhstan.
Key Fed inflation gauge at 2.2% in August, lower than expected
The personal consumption expenditures price index was expected to increase 0.1% in August and 2.3% from a year ago.
Independent journalist publishes Trump campaign document hacked by Iran despite election interference concerns
Other media outlets that obtained the document hadn’t published it in full.
UK PM Keir Starmer touts pro-business agenda as he woos top Wall Street CEOs
“We now have a Labour government whose number one priority is wealth creation,” U.K. Prime Minister Keir Starmer told CNBC’s Andrew Ross Sorkin.
European shares close at record high; luxury giants rally on China stimulus
European markets closed at a record high Friday, as stocks tracked higher on news of China’s stimulus blitz and investors assessed fresh inflation data.
China stocks can rally 10% in the near term, Morgan Stanley strategist says
The CSI 300, which tracks major stocks on the Shanghai and Shenzhen exchanges, on Friday closed at 3,703.68 points, up 15.7% for the week.
Hands-on with Meta’s Orion AR glasses prototype and the possible future of computing
CNBC senior media and tech correspondent Julia Boorstin experienced Meta’s Orion AR glasses prototype, and was impressed by how lightweight they were.
Alibaba, Tencent rally as Beijing stimulus plans push China’s tech stocks to 13-month high
Chinese tech stocks including majors like Alibaba and Tencent rallied this week, pushing them to highs not seen in more than a year.
French inflation cools more than expected in September as energy prices, transport costs decline
France’s harmonized inflation rate fell sharply in September, preliminary data from the National Institute of Statistics and Economic Studies showed Friday.
China’s ambitions for semiconductor self-sufficiency thwarted by lack of chipmaking tools
Building more advanced lithography machines is a focal point in China’s push to develop its domestic semiconductor industry with $96.3 billion in subsidies and preferential policies.
