Wall Street ends longest winning streak of 2024. Eli Lilly weight loss drug cuts diabetes risk. Shein sues Temu.
Harris’ foreign policy record suggests focus on China, Indo-Pacific, CFR political scientist says
The DNC’s 2024 platform recently sparked speculation that U.S. foreign policy under a Harris administration might pivot from the Indo-Pacific to Europe.
Asia-Pacific markets mostly open stronger as Bank of Korea holds rates; investors assess Fed minutes
The BOK is expected to hold rates at 3.5%, but traders will watch the language used in its release to see if any easing of policy are on the cards.
CNBC Daily Open: Fed minutes signal September rate cut
Wall Street rose as minutes from the Federal Reserve meeting and a revision to payrolls data raised hopes of a rate cut.
EV company Nio aims to build battery chargers and swap stations in every Chinese county
Chinese electric car company Nio said Tuesday it plans to install battery charging stations in every one of China’s 2,844 counties by the end of June 2025.
CNBC Daily Open: ‘Crazy’ summer
Wall Street ends longest winning streak of 2024. Eli Lilly weight loss drug cuts diabetes risk. Shein sues Temu.
Asia-Pacific markets fall as Wall Street rally falters; Japan trade swings to deficit
Japan’s July exports are expected to come in 11.4% higher year on year, while imports are forecast to rise 14.9%
CNBC Daily Open: Wall Street extends winning run
S&P 500 and Nasdaq extend winning streak. AMD’s $4.9 billion acquisition. GM to cut 1,000 jobs.
China’s youth unemployment soars above 17% in July, highest since new system began in December
China’s youth unemployment rate soared above 17% in July to the highest level since the new system of record-keeping began in December, official data showed.
Waymo is developing a roomier robotaxi with less-expensive tech
Alphabet-owned Waymo has revealed details about its newest “generation 6” self-driving technology as it looks to scale its robotaxi operations in the U.S.