CNBC Daily Open: Lingering inflation problem
Investors were obviously disappointed as the data reflected inflation’s stubborn staying power.
Sony cuts PlayStation 5 sales forecast to 21 million units after posting record revenue
Sony said it now expects to sell 21 million units of the PlayStation 5 in the fiscal year ending March, down from a previous forecast of 25 million units.
Toyota says president and chairman of its Daihatsu unit will resign in wake of safety-test scandal
Toyota has announced that the president and chairman of Daihatsu Motor will step down almost a year after the unit said it had rigged collision safety-tests.
Indonesia’s GoTo denies merger talks with ride-hailing rival Grab
Indonesian tech giant GoTo in a Tuesday filing said it is “not having any discussion on such matters.”
Why the Year of the Dragon doesn’t bode well for China’s declining population
The Year of the Dragon is known to be an auspicious year to have a baby, but experts believe that China’s birth rates are unlikely to see a big rise in 2024.
Valentine’s Day chocolate prices highest in years amid cocoa shortage
It’s also a season when demand for lobster and beef generally rise, as consumers dine out during the Valentine’s season.
CNBC Daily Open: Inflation’s stubborn staying power
Investors were obviously disappointed as the data reflected inflation’s stubborn staying power.
What the Year of the Dragon means for businesses, according to Maybank’s fengshui report
Maybank Investment’s fengshui report for 2024 takes a look at which sectors will outperform and which will face headwinds in the Year of the Dragon
Most Asian markets fall after hotter-than-expected U.S. inflation data sends Wall Street lower; Hong Kong gains
The headline U.S. inflation rate for January came in at 3.1% on an annual basis, compared to the 2.9% expected by economists polled by Dow Jones
Dow closes more than 100 points higher as stocks recoup some losses following big sell-off: Live updates
Stocks rose on Wednesday following a substantial day of losses for all three major indexes.
