CNBC Daily Open: A projection is not a promise
The U.S. Federal Reserve may not cut rates in June and that could have global implications.
U.S. loses its spot to China as Southeast Asia’s most favored ally, survey shows
This is the first time Beijing has edged past Washington since 2020 when The State of Southeast Asia survey first started asking the question.
Half of adults globally are stressed about their finances, and inflation is a key reason
More than half of people said they were “very or somewhat stressed” about money.
TSMC’s evacuated workers return to some factories after Taiwan’s strongest earthquake in 25 years
The island was rocked by a massive earthquake that collapsed buildings and prompted tsunami advisories from Japan and the Philippines.
Disney reportedly poised to claim victory in bitter Peltz board fight
Walt Disney has secured enough shareholder votes to defeat a challenge against its board mounted by Peltz’s hedge fund, Reuters reported.
Singapore’s economic losses due to heat stress could nearly double to over $1.5 billion in 2035
Fall in productivity is expected to rise to 14% in 2035, leading to an economic loss of S$2.22 billion ($1.64 billion), after adjusting for inflation.
Why Japan’s ‘shunto’ wage hikes may not bring cheer to over 80% of its workers
Unionized workers that are expected to receive the pay bump made up just 16.3% of Japan’s workforce — a record low — as of June 2023.
CNBC Daily Open: Projections are not promises
The U.S. Federal Reserve may not cut rates in June and that could have global implications.
Rescuers in Taiwan search for those missing after major earthquake as death toll rises to 10
Rescuers searched Thursday for people still missing a day after Taiwan’s strongest earthquake in 25 years killed 10 people and stranded others in remote areas.
In the wake of bitcoin’s new highs, South Korea’s ‘kimchi premium’ is in the spotlight again
The “kimchi premium” is the price gap in cryptocurrencies, especially bitcoin, when listed in South Korea versus those listed in U.S. or European exchanges.
