Inflation battle may be far from over

Workers assemble printed circuit boards at the Intervala manufacturing facility in Mount Pleasant, Pennsylvania, US, on Tuesday, Jan. 30, 2024. The US Census Bureau is scheduled to release factory orders figures on February 2. Justin Merriman | Bloomberg | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily … Read more

House Passes Privacy Bill Banning Data Brokers From Selling Your Info to Russia and China

The U.S. House passed a bill that would ban third-party data brokers from selling the user data of Americans to geopolitical adversaries like China and Russia. And while it still needs to pass the Senate to become law, it’s a step in the right direction as recent headlines mostly focus on a potential ban on … Read more

Markets surge on Fed rate-cut signals

A trader works, as a screen displays the Fed rate announcement, on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., March 20, 2024.  Brendan McDermid | Reuters This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything … Read more

China hits back at U.S. for ‘slandering’ Hong Kong’s new security law

The flags of China and Hong Kong displayed in rows.  Bloomberg Creative | Bloomberg Creative Photos | Getty Images China’s embassy hit back against U.S. criticism of Hong Kong’s new national security law on Thursday, saying the U.S. should “respect China’s sovereignty.” Hong Kong lawmakers passed a new national security law on Tuesday which critics … Read more

Wall Street heaves a sigh of relief

U.S. Federal Reserve Chair Jerome Powell holds a press conference following a two-day meeting of the Federal Open Market Committee on interest rate policy in Washington, U.S., March 20, 2024. Elizabeth Frantz | Reuters This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on … Read more

Gold prices have hit record highs. Here’s why they could rally further

People browsing gold jewelry in Istanbul. Burak Kara | Getty Images News | Getty Images Gold prices still have room to rise after hitting all-time highs early this month, as several central banks continue to purchase bullion in record amounts.  These purchases have strengthened gold prices despite high interest rates and a strong dollar, market … Read more

A bus crashes into a tunnel wall in China, killing 14 people

BEIJING — A bus crashed into a tunnel wall on an expressway in northern China killing 14 people, state media said Wednesday. Thirty-seven other people were injured in the Tuesday afternoon crash, state broadcaster CCTV said. The bus was carrying 51 passengers when it hit the wall on the Hohhot-Beihai Expressway in the city of … Read more

China Launches Satellite to Assist Exploration of Moon’s Far Side

China launched a lunar satellite designed to play a critical role in its competition with the U.S. to be the leader in exploration of the moon. The Queqiao-2 relay satellite went into orbit aboard a Long March-8 rocket at 8:31 a.m. Beijing time from the Wenchang launch site in southern China’s Hainan province, according to … Read more

Doing business in China is growing tougher, more uncertain, European business group says

BEIJING — Uncertainty and “draconian regulations” have drastically raised risks for foreign businesses in China, a report by a European business group said Wednesday. The lengthy paper by the European Union Chamber of Commerce in China urges China’s leaders to do more to address concerns that it says have “grown exponentially” in recent years. “This … Read more

The last leg of inflation fight remains tough

U.S. Federal Reserve Board Chairman Jerome Powell speaks during a news conference following a meeting of the Federal Open Market Committee (FOMC) at the headquarters of the Federal Reserve on June 14, 2023 in Washington, DC.  Drew Angerer | Getty Images News | Getty Images This report is from today’s CNBC Daily Open, our international … Read more