Market vulnerabilities and a possible U.S. recession: Strategists give their cautious predictions for 2024
Central banks having hiked interest rates at breakneck speed and those rates are set to stay higher for longer while the lagged effects set in.
Former Trump advisor says the U.S. economy is ‘back to normal,’ but markets may be jumping the gun on rate cuts
The market is getting ahead of the likely pace of U.S. interest rate cuts, according to IBM Vice Chairman Gary Cohn.
U.S. military aircraft crashes into ocean near Japan island with six on board, one confirmed dead, coast guard says
A U.S. military Osprey aircraft has crashed into the ocean near Yakushima Island in Japan with six personnel onboard, the local coast guard said.
CNBC Daily Open: AI schadenfreude is real
OpenAI rivals are courting its clients after the Sam Altman fiasco. The schadenfreude is real, but so is the intense competition in the burgeoning AI scene.
Pinduoduo transaction revenue surges 315% as Chinese consumers hunt for bargains
Pinduoduo on Tuesday posted more than 90% growth in third-quarter revenue, outpacing that of Alibaba, as consumers increasingly look for bargains.
A showdown is brewing over money, oil and carbon. Here’s what’s at stake at the COP28 climate summit
COP28 will be the biggest accountability moment for climate action in history, according to one global climate expert.
European stocks head for mixed open, struggling to build positive momentum
European stocks are heading for a mixed open Wednesday as regional markets struggle to build positive momentum.
Huawei is pushing its tech into the EV world with new cars, automaker partnerships
Chinese telecommunications and smartphone giant Huawei is doubling down on selling its tech in the competitive electric car market.
New Zealand dollar jumps 1% as central bank holds rates, warns of more hikes
The central bank noted that inflation remained too high and said monetary policy will need to remain restrictive in order to control it.
China launches probe into surrogacy, fake paternity tests in Wuhan
Chinese authorities have suspended a hospital and a judicial institute in Wuhan amid investigations on the issuance of fake birth certificates and surrogacy.
