Tourists visit Pingyao Ancient City on the second day of the May labor day holiday on May 2, 2025 in Jinzhong, Shanxi province of China.Vcg | Visual China Group | Getty ImagesThis report is from this week’s edition of CNBC’s The China Connection newsletter, which brings you insights and analysis on what’s driving the world’s second-largest economy. Each week, we’ll explore the biggest business stories in China, give a lowdown on market moves and help you set up for the week ahead. Like what you see? You can subscribe here.The big storyIf people are spending in China, it’s likely to be…
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The jewels are delicate, some just millimeters in length, arranged in intricate patterns of circles and lines. Taken from British-occupied India in 1898, the jewels were discovered alongside bone and ash, said to be the remains of Buddha. The collection is perhaps one of the holiest relics in contemporary religion.Now, it is up for sale, igniting a legal battle between the government of India and Sotheby’s, the international auction house set to sell the religious treasures in an auction. The artifacts are being sold on behalf of the English descendants of the explorer who dug them up more than 120…
Former LPGA golf star Michelle Wie West is taking on a bigger role in growing women’s sports — from off the course.On Tuesday, Wie West announced she has signed on as the latest athlete investor in Togethxr, the company behind the popular “Everyone Watches Women’s Sports” slogan. Togethxr aims to increase investment in and media coverage of women’s sports, among other goals.Wie West, the now 35-year-old Stanford grad, was the youngest player to ever qualify for an LPGA event at the age of 12. Since her playing career ended in 2023, she has turned her attention to her other passions,…
BEIJING, CHINA – MARCH 06: Pan Gongsheng, governor of the People’s Bank of China, attends a new conference on economy for the third session of the 14th National People’s Congress (NPC) on March 6, 2025 in Beijing, China. Visual China Group | Getty ImagesChina’s central bank and financial regulators announced sweeping plans on Wednesday to cut key interest rates in an effort to shore up growth in the face of trade worries.China will cut the seven-day reverse repurchase rates by 10 basis points to 1.4% from 1.5%, the People’s Bank of China Governor Pan Gongsheng said at a press briefing.…
The ‘Fast Money’ traders talk the state of the semiconductor trade. Source link
Frank Bisignano testifies before the Senate Finance Committee on his nomination to be Commissioner of the Social Security Administration, on Capitol Hill in Washington, DC, March 25, 2025. Saul Loeb | AFP | Getty ImagesThe Senate has voted to confirm Frank Bisignano as the new commissioner of the Social Security Administration, ushering in new leadership at a federal agency that has already undergone many changes this year under the Trump administration’s Department of Government Efficiency.Bisignano, the chairman and CEO of payments and financial technology company Fiserv Inc., was nominated to serve as Social Security commissioner in December by then President-elect Donald…
India said early Wednesday that it had conducted strikes on Pakistan, two weeks after more than two dozen civilians were killed in a terrorist attack in Indian-administered Kashmir.The Indian government said its forces had struck nine sites in Pakistan and on Pakistan’s side of the disputed Kashmir region. Pakistani military officials said at least eight people were killed and 35 others wounded after six places were hit in Punjab Province and its part of Kashmir.While India in recent years has struck Pakistan-administered Kashmir and areas close to it during periods of rising tensions, the attack on Wednesday on Punjab, in…
Stocks posted back-to-back declines on Tuesday, with the Dow Industrials sliding nearly 400 points. Here’s what’s on CNBC’s radar heading into Wednesday. Source link
Fmr. Dallas Fed President Richard Fisher joins ‘Fast Money’ to talk what to expect from the Federal Reserve this week. Source link
Shipping containers and gantry cranes beyond a fishing boat near the Yangshan Deepwater Port in Shanghai, China, on Wednesday, Dec. 6, 2023.Bloomberg | Bloomberg | Getty ImagesAsia-Pacific markets are set to mostly climb Wednesday after reports that U.S. Treasury Secretary Scott Bessent and trade representative Jamieson Greer are set to meet with their Chinese counterparts this week, in what could mark the beginning of potential negotiations over President Donald Trump’s tariff policies.Japan’s benchmark Nikkei 225 is set to open higher, with the futures contract in Chicago at 37,185 against the index’s last close of 36,830.69.Futures for Hong Kong’s Hang Seng…
