CNBC Daily Open: Stubborn inflation is a problem for the Fed
Once again, inflation came in hot for a second straight month.
‘Wildly disappointing’: Tech exec warns web innovation is stagnating, compares it to space exploration post-1970s
A top technology executive thinks the world may be “wildly disappointed” by progress made on the web in the next three decades.
Asian currencies could be on the ‘back foot’ despite likely U.S. rate cuts this year, JPMorgan says
Asian currencies could be on the “back foot” this year despite signals that the U.S. Federal Reserve will cut interest rates soon, according to JPMorgan
Raimondo says it’s ‘possible’ for Chinese EVs to one day be on U.S. roads
Chinese electric cars can one day drive on U.S. roads if there are enough government controls on software and sensors, U.S. Commerce Secretary Gina Raimondo told CNBC.
Bank of Japan may exit the world’s last negative rates next week. Here’s what you need to know
Hopes are high for a meaningful wage increase at the ongoing “shunto” annual wage negotiations between unions and employers.
Canon Electronics leads plunge among Japan’s Space One shareholder companies after rocket explodes
Reuters reported the solid-fueled Kairos rocket blew up just seconds after lifting off at 11:01 a.m. Japan time.
Singapore bumps up 2024 GDP forecast on manufacturing growth; lowers headline inflation outlook
GDP is expected to grow at 2.4% in 2024, up from 2.3% forecast in the previous survey, while CPI is estimated to be lower at 3.1%, compared with 3.4% expected earlier.
Japan’s Space One Kairos rocket explodes on inaugural flight
Kairos carried an experimental government satellite that can temporarily replace intelligence satellites in orbit if they fall offline.
CNBC Daily Open: Sticky inflation muddies water for Fed
Once again, inflation came in hot for a second straight month.
2024 is the year of the rate cut pivot — here’s when the world’s central banks will budge
While rates in most economies are set to remain elevated in 2024, economists expect a mild rollback late this year, said EIU.
