Investors watch computer screens displaying stock price figures at a stock exchange hall.Jiang Sheng | Visual China Group | Getty ImagesIt’s getting late into 2024 and the world is still worried about China. From property woes to sluggish economic data, China appears to be suffering from long Covid. The country is still reeling from the effects of widespread lockdowns since 2020, showcased through weaker GDP, a struggling stock market, and high unemployment — dashing hopes of a quick post-pandemic rebound. But amid all the uncertainties, this gloom and doom view isn’t shared by all market thinkers.”Everyone is so down on China. I…
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Neste Oyj’s Singapore refinery in Singapore, one of the world’s biggest SAF plants, under construction on Wednesday, June 22, 2022. The site was chosen because its already a petrochemicals center with sound logistical connections and talent is readily available.Bloomberg | Bloomberg | Getty ImagesThe aviation industry still sees so-called “sustainable aviation fuel” (SAF) as the only viable way to meet its decarbonization targets, even as opposition and the potential for higher costs for passengers pose obstacles to the fast-growing sector.A flurry of deals have been struck in recent months, from United Airlines partnering with major supplier Neste to provide SAF…
Illustration of the China and U.S. flag on a central processing unit.Blackdovfx | Istock | Getty ImagesU.S. sanctions over the years on China’s semiconductor industry has forced Beijing to ramp up efforts to boost its domestic chip sector.The boom of artificial intelligence and foundational models has only spurred on China’s goal of playing a leading role in the chip industry.So far, it is American firm Nvidia with its graphics processing units, or GPUs, that has garnered the headlines, as it designs the key piece of hardware required to train up huge AI models, such as the likes seen from OpenAI…
Christopher L. Winfrey, CEO of Charter Communications.Courtesy: Charter CommunicationsCharter Communications CEO Chris Winfrey said he wants customers to think of reliability and credibility when they think of their cable and broadband provider.The cable giant told CNBC it is unveiling a series of changes Monday to bolster that goal, including rolling out new bundles and pricing, increasing internet speeds, offering credits for service outages and promising heightened reliability for customers.Charter — which provides broadband, cable TV and mobile services and is known to customers under the name of Spectrum — said it is also trying to make the company more approachable…
Welcome to our 2024 NFL projections, where you will find each team’s probability of conquering its division, advancing through the playoffs and winning the Super Bowl. The projections are based on 100,000 simulations of the remainder of the season, which factors in each team’s projected strength, current health as well as its remaining schedule. All projections and probabilities are rounded to the nearest whole number. You can read more about the model at the bottom of the page. The projections will be updated regularly throughout each week. Source link
NEW YORK CITY — In a federal courtroom on Monday, storied fashion designer Michael Kors spoke about the steep challenge of staying relevant in a world where brands can rise and fall based on viral TikTok videos and photos of handbags on the arms of celebrities such as Taylor Swift and Beyoncé.Kors kicked off the week of testimony in the antitrust trial in Manhattan as a Federal Trade Commission lawsuit seeks to block Tapestry’s $8.5 billion acquisition of Capri. The deal, if approved, would put six fashion brands under a single company: Tapestry’s Coach, Kate Spade and Stuart Weitzman, with Capri’s…
Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. S & P 500 hovers at flatline: The broad-based index is off to a muted start to the week, with semiconductor stocks are having a rough day after rallying big last week. Tech’s problems seem to be related to concerns about the initial launch of the Apple iPhone 16, which based on very early reporting is off to a slower start. We always caution to not read too much into these…
By Joe Person, Lukas Weese and Larry HolderThe Carolina Panthers are benching 2023 No. 1 pick Bryce Young for their Week 3 matchup against the Las Vegas Raiders, a league source confirmed Monday. Andy Dalton will be the new starting quarterback for the Panthers, per the league source.Tom Pelissero of NFL Network was first to report the news.This move happens after the Panthers’ second straight blowout loss to open the season, falling 26-3 to the Los Angeles Chargers on Sunday. Young completed 18 of 26 passes but those completions went for just 84 yards, the fourth-lowest passing total in franchise…
Bank of Japan Governor Kazuo Ueda attends a session in the financial affairs committee at the lower house of parliament on Aug. 23, 2024 in Tokyo.Tomohiro Ohsumi | Getty Images News | Getty ImagesEconomists, FX strategists and Japan-focused fund managers are split over the timing of the Bank of Japan’s next interest rate hike, according to a new CNBC International survey.BOJ Governor Kazuo Ueda said last month that the central bank would continue to raise interest rates if inflation stayed on course, while also closely monitoring financial market conditions. There is consensus among the 32 analysts polled by CNBC that there…
CNBC’s Jim Cramer on Monday opined on the fickle nature of this market, telling investors the best course of action is to hold off on making any moves until the Federal Reserve announces interest rate cuts.”I know it’s boring. I want you to sit on your hands,” he said. “There’s so much hot money coming out of tech and into non-tech, I don’t want you to get in the way of that, because without a half-point cut, I’d say that the non-tech part of the stock market will have suddenly become overvalued.”While Wall Street widely expects the Fed to cut…
