Tag: business news
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U.S. auto market predictions for 2030: More hybrids, no Chinese entrants
Despite growing speculation that it won’t be long until Chinese autos are sold in the U.S., John Murphy doesn’t expect that to happen by 2030.
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U.S. seeks to seize $61 million of crypto it claims are proceeds from Iranian petroleum sales to Chinese buyers
Two Chinese companies, are alleged to have used trading accounts in Binance to launder the illicit proceeds and funnel the funds to Tehran or its proxies.
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CNBC Daily Open: A ‘hoax,’ a sell-off and a dilemma for Warsh
A slew of price dislocations sets the Fed up for a difficult decision day, as it struggles to please the market and President Donald Trump.
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10-year Treasury yield rises to highest since 2007 as Fed rate-hike expectations rise
The benchmark 10-year Treasury yield climbed to its highest level since 2007 on Tuesday as a sell-off in U.S. government debt deepened ahead of the Federal Reserve’s interest-rate decision.
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Wealthy Chinese, tech talent confront tighter borders as Beijing widens exit controls
China’s new border-control regulations are designed to keep two of its most valuable assets from leaving the country: money and talent.
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Oil and Treasury yields haven’t moved this closely in seven years. That’s bad news for markets
Oil and 10-year Treasury yields are moving in near lockstep, with their correlation at its strongest since 2019.
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China’s August retail sales miss forecast while investment slump deepens, piling pressure on Beijing
China’s investment slump deepened, retail sales growth slowed further in August while industrial output blew past estimates as Beijing warns of supply-demand imbalance.
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Samsung backs Nvidia AI chip rival in $230 million funding round as GPU alternatives boom
Dutch startup Euclyd raised the funding in a round co-led by Samsung, Somerset Capital Partners, the Scaleup Europe Fund and Innovation Industries.
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Warren to rip Clarity Act on Senate floor ahead of key preliminary vote
Sen. Elizabeth Warren will call the latest Clarity Act ethics proposal blessed by Trump a “weak fig leaf.”
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Counting the votes: Warsh faces a tough battle as the Fed girds for expected interest rate hike
Traders were pricing in a better than 92% probability of a rate increase, as well as a more than 75% chance for another one in December.
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