Mercedes Benz cuts guidance on slump in China’s economy
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The Hill - Politics
The Fed finally cut interest rates — but let's not get too excited just yet
If you're running a small business, this cut in interest rates will have little impact.31 minutes ago - Federal Reserve -
MarketWatch - Business
10-year Treasury yield just shy of two-week high amid optimism on the U.S. economy
Yields on U.S. government debt were little changed Friday morning, after ending the previous session at up to two week highs following better news on the U.S. economy.1 hour ago -
MarketWatch - Business
Stocks at risk of a bubble after Fed’s jumbo rate cut, BofA strategist says
One Bank of America strategist thinks the Federal Reserve’s decision to cut interest-rates by 50 basis points this week will ultimately end in tears for investors.1 hour ago -
The Hill - Politics
Harris, Trump now see equal support on who would be best for economy: Survey
Voters now see Vice President Harris and former President Trump as roughly equal over who would best support the economy, according to a new survey. The latest poll, conducted by The Associated ...1 hour ago - Donald Trump -
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BBC News - Top stories
'Painful' Budget warning spooks people's confidence
Some economists have linked a drop in consumer confidence to officials' warnings of a painful Budget.1 hour ago -
Financial Times - World
China’s electric carmakers warn of EU investment cuts over tariff threat
Statement comes as talks continue between Beijing’s commerce minister and European trade commissioner1 hour ago - China -
ABC News - Top stories
Will the Fed cut interest rates again this year? Experts weigh in.
The Fed delivered a large interest rate cut this week. Will they do it again?2 hours ago - Federal Reserve -
MarketWatch - Business
Oil on track for weekly gains after Fed rate cut, rising Middle East tensions
Oil futures were on track for solid weekly gains, boosted by the Federal Reserve’s large rate cut and a renewed rise in tensions in the Middle East.2 hours ago - Federal Reserve -
The New York Times - Business
China To ‘Gradually’ Resume Imports of Japanese Seafood
China imposed a ban last year after Japan began releasing treated water from the Fukushima nuclear plant into the sea. They have agreed to expand monitoring of the water.2 hours ago - China -
ABC News - World
EU pledges to loan Ukraine up to $39 billion to help rebuild its economy and power grid
The European Union is ready to lend Ukraine up to $39 billion as part of a loan package organized by the Group of Seven major industrial nations2 hours ago - Ukraine -
Financial Times - World
Abrdn to drop China from emerging markets fund
Manager says move is designed to give investors more choice as Chinese market lags behind rivals3 hours ago - China -
NBC News - Top stories
Apple and Huawei battle for sales as their new phones launch on the same day in China
Many of Apple’s affluent iPhone users in China are just as interested in Huawei’s pricier trifold phone, CNBC found during spot checks at stores Friday, the day the iPhone 16 and Mate XT launched ...4 hours ago - China -
CNBC - Business
Europe automaker shares slump after Mercedes becomes latest to cut 2024 guidance
Mercedes shares fell more than 8% Friday after the German carmaker cut its 2024 guidance on the back of weaker demand from China.4 hours ago -
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Financial Times - World
US and Taiwan seek to strengthen drone supply chain to keep out China
Co-operation would be part of wider western ‘de-risking’ because of security fears over Chinese products4 hours ago - China -
NBC News - Top stories
China and Japan end dispute over Fukushima water discharge
China and Japan reached a consensus in August on the discharge of radioactive water from the Fukushima nuclear plant, the Chinese foreign ministry said Friday.4 hours ago - China -
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Financial Times - Business
Fatal stabbing of 10-year-old rattles Japanese community in China
Spate of attacks reignites concern among expatriates and companies about anti-Japanese sentiment5 hours ago - China -
Financial Times - Business
Mercedes-Benz shares fall after profit warning
German carmaker lowers full-year outlook on weakness in Chinese demand5 hours ago -
Financial Times - Business
Why half of voters think Labour has done a poor job so far
Dodgy donations, infrastructure challenges and anticipation of October’s ‘painful’ Budget weigh on party’s approval ratings5 hours ago -
MarketWatch - Business
Mercedes-Benz cuts guidance on slump in China’s economy
Mercedes-Benz shares fell 8% on Friday morning as the company cut its guidance for the second time since July6 hours ago - China -
CNBC - Business
Japan's Nikkei leads gains in Asia Pacific after Wall Street soars; BOJ and PBOC hold rates
Traders in Asia also look toward August consumer prices index from Japan and Hong Kong, and central bank decisions from Bank of Japan and People's Bank of China.6 hours ago - Japan -
CNBC - Business
China unexpectedly leaves benchmark lending rates unchanged after Fed’s jumbo cut
The People's Bank of China (PBOC) said it would keep the one-year loan prime rate (LPR) at 3.35%, as well as the five-year LPR at 3.85%.8 hours ago - China -
Financial Times - World
Canada opens new critical minerals hub in push to end China’s dominance
Saskatchewan facility marks small step in drive to challenge Beijing’s control of processing rare earths10 hours ago - China -
Financial Times - World
Coffee producers fear being cut off from EU by new land protection law
Drinks company JDE Peets pleads for year’s delay on ban on supplies from deforested areas over lack of guidelines10 hours ago - European Union -
The New York Times - Business
Stocks Hit Record High a Day After Fed’s Big Interest Rate Cut
The S&P 500 rose 1.7 percent on Thursday, rallying a day after the Federal Reserve cut interest rates by half a percentage point.17 hours ago