David Solomon, CEO of Goldman Sachs, speaking on CNBC’s Squawk Box outside the World Economic Forum in Davos, Switzerland on Jan. 22nd, 2025. Gerry Miller | CNBC Don’t mess with DJ D-Sol — Goldman Sachs CEO David Solomon’s stage name when he’s rocking the clubs in his other life asRead More →
A widely followed measure of inflation accelerated slightly less than expected in July on an annual basis as President Donald Trump’s tariffs showed mostly modest impacts and investors grew more confidence about interest rate cuts ahead. The consumer price index increased a seasonally adjusted 0.2% for the month and 2.7%Read More →
This week’s inflation data will be huge for markets, and not just for the numbers. Beneath the Bureau of Labor Statistics’ reports on consumer and producer prices will be simmering questions over the data’s validity. Those concerns have accelerated as budget cutbacks have forced the agency to change the wayRead More →
Li Auto stocks plunge over 11% after debuting six-seat electric SUV Stocks of Chinese electric vehicle manufacturer Li Auto fell over 11% after it launched a six-seat electric vehicle. The Li i8 is available in three variants — Pro, Max, and Ultra — priced at RMB321,800 ($44,838) RMB349,800, and RMB369,800,Read More →
Asia markets start Tuesday trading in the red Asia markets started the trading day lower. Japan’s benchmark Nikkei 225 fell 0.61%, while the Topix lost 0.76%. South Korea’s Kospi fell 1.09%, and the small-cap Kosdaq slipped 0.88%. Australia’s S&P/ASX 200 lost 0.42%. —Lee Ying Shan Opening calls Good morning from Singapore. Asia markets are poised forRead More →
