A Chinese warship navigates on waters near Pengjia Islet in northern Taiwan, in this handout image released May 23, 2024. Taiwan Coast Guard | Via ReutersChina has no right to represent Taiwan, but the island is willing to work with Beijing to combat global challenges such as climate change, Taiwan President Lai Ching-te said on Thursday, striking both a firm and a conciliatory tone.Lai, who took office in May after being elected in January, is detested by China, which calls him a “separatist.” Beijing claims democratically governed Taiwan as its own territory, a view Lai and his government reject.Giving a keynote national address outside the presidential office in Taipei, Lai reiterated that the Republic of China — the island’s formal name — and the People’s Republic of China are “not subordinate to each…
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A customer is seen inside a 7-Eleven convenience store along a street in central Tokyo on September 9, 2024. Richard A. Brooks | Afp | Getty ImagesJapanese convenience retailer Seven & i Holdings slashed its earnings forecasts and pressed ahead with restructuring plans that include spinning off non-core businesses into a standalone subsidiary.The company slashed its profit forecast for the fiscal year ending February 2025 and now expects net income of 163 billion yen ($1.09 billion), a 44.4% reduction from its prior forecast of 293 billion yen. The reduction comes as it reported first-half net profit of 52.24 billion yen on…
European markets moved lower Thursday morning as investors await the latest U.S. inflation data for more signs that price pressures are easing.The pan-European Stoxx 600 was down 0.14% by 9:35 a.m. London time, with most sectors and major bourses shifting into the red. Insurance stocks led gains, up 0.49%, as Hurricane Milton’s devastating hit to Florida pointed to stronger prospects for the sector. On the other end, autos shed 0.55% as competition pressures add to continued troubles for European carmakers.Economists polled by Dow Jones anticipate a 0.1% increase on a monthly basis, and a 2.3% advance over the prior 12…
Jakub Porzycki | Nurphoto | Getty Images U.S. blockchain startup Ripple made a major foray into crypto custody on Thursday, launching new services aimed at helping banks and financial technology firms to store digital assets on behalf of clients.The San Francisco-based company told CNBC it is debuting a slew of features to enable its banking and fintech clientele to keep and maintain digital tokens — as part of a broader push into custody, a nascent business for Ripple under its recently formed Ripple Custody division.These features include pre-configured operational and policy settings, integration with Ripple’s XRP Ledger blockchain platform, monitoring of anti-money…
A general view of the Shanghai Securities Exchange building is being shown in Shanghai, China, on July 16, 2024. Nurphoto | Nurphoto | Getty ImagesSINGAPORE — Asia-Pacific markets closed higher on Thursday, following gains on Wall Street that saw the S&P 500 and Dow Jones Industrial Average reach new records as investors shrugged off geopolitical concerns.Australia’s S&P/ASX 200 ended the day up 0.43% to reach 8,223 points. South Korea’s Kospi gained 0.34% to end at 2,603.25, while the small-cap Kosdaq was down 0.22% to 776.52.Japan’s Nikkei 225 gained 0.26% to end at 39,380.89, while the broad-based Topix rose 0.2% to close at 2,71267.Traders in…
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. Markets: The S & P 500 rose to a new record high Wednesday. There was no specific catalyst for the move, but we are seeing a continuation of a theme that we’ve been pointing out. With oil prices sliding and China’s market giving back more of its recent gains, U.S. stocks have been free to rally. The market maintained its gains after minutes from the Federal Reserve’s September policy meeting showed…
Visoot Uthairam | Moment | Getty ImagesHome repairs and renovations are expensive. To lower costs, 1 in 3 homeowners are willing to hire a contractor with holes in their resume. About 33% of surveyed homeowners say they’d consider hiring a contractor with a questionable reputation to save money, according to a new report by Clever Real Estate, a housing data site. Generally, homeowners say reputation is the most important factor when hiring a contractor (25%), followed by experience (23%), cost (19%), personal recommendations (13%), availability (11%) and estimated project timeline (10%). Clever polled 1,000 U.S. homeowners mid-August regarding their choices when it…
Salary negotiation advice tends to focus on leaning in, presenting evidence of your competence, and emphasizing that what you want is not only reasonable, but earned.All of this is sound guidance, but doesn’t touch on what might be the most effective skill for upping your salary: asking questions.In her recent TED Talk, United Nations negotiation trainer Alex Carter says this is the “one negotiation technique that most of us are not using.”Workers are so focused on making their point that they forget negotiating is supposed to be a conversation where both sides contribute to the solution.”Bottom line, in negotiation you…
CNBC’s Jim Cramer on Wednesday disagreed with the Department of Justice’s move to consider a possible breakup of Google, asserting that the company benefits consumers, businesses and the U.S.”Google’s an aggressive company. It has big reach, got a lot of power, operates in many markets. But I defy you to find any regular people in this country who think of Google as a bad actor,” he said. “Google search is the most incredible bargain in the world, and the same goes for YouTube.”The government filed a landmark case accusing Google of violating anti-monopoly laws in 2020, and in August a…
Ratan Tata speaks during an interview.Pradeep Gaur | Mint | Getty Images Tributes from industry leaders, politicians and the public at large poured in for Ratan Tata, the former chairman of India’s Tata Sons, who passed away on Wednesday, aged 86.India’s Prime Minister Narendra Modi in a post on X called Tata “a visionary business leader, a compassionate soul and an extraordinary human being … his contribution went far beyond the boardroom.”Google and Alphabet CEO Sundar Pichai recalled his meeting with Tata where they discussed Google’s self-driving car project. “He leaves an extraordinary business and philanthropic legacy and was instrumental…
