Beijing and Hollywood are decoupling as Chinese audiences favor domestic productions
After years of strong showings in China’s box office, Hollywood films are being pushed out by homegrown blockbusters in the massive movie market.
Russia struggles to respond to Ukraine’s incursion as advancing forces destroy key bridges and war potential
Ukrainian forces say they’ve blown up a second strategically significant bridge in Russia’s Kursk region, as Kyiv continues its incursion.
Goldman Sachs cuts odds of U.S. recession to 20% after retail and jobs data
“Continued expansion would make the US look more similar to other G10 economies, where the Sahm rule has held less than 70% of the time,” economists said.
Gold set for fresh highs ahead of Fed rate decision — analysts see prices at $3,000 by next year
Gold prices have reached multiple highs this year, with more to come as the next U.S. Federal Reserve meeting draws closer.
U.S., China sign agreement to cooperate on financial stability
The U.S. and China last week signed agreements for cooperating on financial stability, according to a People’s Bank of China readout Monday.
CNBC Daily Open: Wall Street’s ‘dress rehearsal’
Markets were reassured that Japan’s central bank will not raise rates in a volatile environment and that the U.S. economy isn’t on the verge of a recession.
European markets close higher, extending positive momentum
European stocks extended positive momentum at the start of the new trading week, after global markets rallied last week.
Philippines detects first mpox case this year, yet to determine strain
A new form of the virus has triggered global concern as it seems to spread easily though routine close contact.
Westpac posts steady third-quarter profit, helped by higher capital earnings
Westpac Banking Corp beat Q3 profit forecasts, improved net interest margin, and hit a six-year share peak on better cost controls and fewer bad loans.
China blames Philippines after Coast Guard vessels collide, warns it to stop ‘provocation’
The Chinese Coast Guard accused Philippine vessels of “illegally” intruding and colliding with one of their boats in waters near the Sabina Shoal on Monday.
