U.S. ambassador accuses China of undermining bilateral ties, Wall Street Journal reports
This comes after ties between the U.S. and China have somewhat warmed after Xi and Biden met in November.
North Korea’s latest missile test likely ended in failure, South Korea’s military says
A North Korean ballistic missile test likely ended in failure, said South Korea, days after the North protested the U.S.’s deployment of an aircraft carrier.
Vietnam’s VinFast looks to tiny EV, priced at less than $10,000, to change its fortunes
Vietnamese automaker VinFast, for a short time the third-most valuable car company in the world, has a big problem: It just can’t sell enough cars.
Australia’s central bank says policy is restrictive, causing households pain
Australia’s central bank said monetary policy was restrictive with current rates stressing many households, but they could tighten further to tame inflation.
CNBC Daily Open: Nvidia rallies after sell-off, lifts S&P 500 and Nasdaq
The S&P 500 and the Nasdaq Composite snapped a three-day slide as Nvidia rebounded from a sell-off.
The yuan’s status as a global currency might be gaining ground. But top CEOs see more hurdles to clear
For China’s yuan to be used more globally, the currency needs more “applications” such as stocks and bonds, said Bonnie Chan, CEO of the Hong Kong exchange.
An AI data center boom is coming, Jefferies says, naming top stocks to buy right now
Artificial intelligence is set to give the global data center market a major boost, according to Jefferies, and usher in a “new era of electricity demand.”
This 28-year-old fund consistently beats the S&P 500 — without megacap tech stocks. Here’s its strategy
This fund shot up 66.23% over the last year to May 31, beating the S&P 500’s 28.19% in the same time frame.
S&P 500 inches higher for a second day as tech shares gain
The S&P 500 and the Nasdaq Composite snapped a three-day losing streak on Tuesday.
Rivian secures up to $5 billion from Volkswagen, shares soar more than 50%
Volkswagen plans to invest up to $5 billion in electric vehicle startup Rivian, starting with an initial investment of $1 billion.
