CNBC Daily Open: Asian shares slide, U.S. stocks flat ahead of Big Tech earnings; McDonald’s earnings miss
The S&P 500 and the Nasdaq Composite inched higher on Monday ahead of a busy week for Big Tech earnings.
Oil major BP raises dividend as second-quarter profit beats expectations
British oil giant BP on Tuesday reported stronger-than-expected net profit for the second quarter following a warning over lower refining margins.
UAE set to welcome even more millionaires as wealthy individuals abandon the UK
“Push factors include the prospect of higher taxes under a new Labour government,” one investor told CNBC.
Self-driving tech company WeRide accelerates global expansion as transportation industry adopts AI
WeRide said it is the only company which has driverless permits from the U.S., China, UAE and Singapore, and plans to enter more markets.
China’s manufacturing activity seen extending decline in July
China’s factory activity likely shrank for a third month in July, keeping alive expectations officials will need to release further stimulus.
Indonesian president tries out palace in proposed new capital
The Indonesian president spent his first night in a palace in the country’s proposed new capital Nusantara to allay fears about the infrastructure project.
Tencent Cloud downplays AI hype when it comes to making games
Use of ChatGPT-like generative AI in gaming is still in an exploratory phase, said Liang Chen, general manager of Tencent Cloud’s internet industry department.
CNBC Daily Open: U.S. stocks little changed ahead of Big Tech earnings, McDonald’s misses estimates
The S&P 500 and the Nasdaq Composite inched higher on Monday ahead of a busy week for Big Tech earnings.
Trump wavers on Harris debate, says he could ‘make a case’ for skipping
Former President Donald Trump said that while he “probably” will debate Vice President Kamala Harris, he could “also make a case” for refusing to do so.
Japan’s central bank starts its monetary policy meeting today. Here’s what’s in focus
Traders will be on the lookout for moves in two areas, namely, the bank’s benchmark interest rates and its bond buying programme
