CNBC Daily Open: Markets need time to digest the 50-point cut
Fed Chair Jerome Powell spent a big portion of the post-meeting press conference massaging sentiment.
Hong Kong central bank cuts interest rate, tracks Fed move
The Hong Kong Monetary Authority on Thursday cut its base rate charged via the overnight discount window by 50 basis points to 5.25%, tracking Fed rate cut.
Billionaire tech CEO says bosses shouldn’t ‘BS’ employees about the impact AI will have on jobs
Business leaders shouldn’t “BS” employees about the impact of AI on jobs, according to one tech billionaire, who says they should be transparent and honest.
China would love a domestic Nvidia rival — but that’s proving quite the challenge
Chinese firms face a number of challenges in trying to rival Nvidia including contending with U.S. export restrictions and a lack of tech expertise.
What buying Commerzbank would mean for UniCredit — and the banking sector
Analysts have welcomed the move by UniCredit, particularly because a tie-up between the two banks might spur more M&A activity in Europe’s banking sector.
Indian public sector firm NTPC’s green energy arm files for $1.2 billion IPO
India’s NTPC Green Energy filed draft papers for a 100 billion rupees ($1.19 billion) initial public offering on Wednesday.
Ray Dalio says the Fed has a tough balancing act as the economy faces ‘enormous amount of debt’
On Wednesday, Dalio listed debt, money and the economic cycle as one of the top five forces influencing the global economy.
Binance CEO says crypto exchange saw 40% growth this year in institutional, corporate investors
Cryptocurrency exchange Binance has seen a 40% increase this year in institutional and corporate investors, CEO Richard Teng told CNBC’s Lin Lin.
CNBC Daily Open: Markets seemed taken aback by the 50-point cut
Fed Chair Jerome Powell spent a big portion of the post-meeting press conference massaging sentiment.
Musk’s X skirts Brazil ban and returns to some users with change to server access
Some Brazilian users reconnected with X on Wednesday despite the Supreme Court’s recent nationwide ban.
