China’s exports contracted more than expected in June, hit by shrinking global demand and adding to concerns about the world’s second-largest economy.
India’s tomato prices surge over 300%, sparking theft and turmoil
India’s tomato prices have skyrocketed more than 300% as a result of extreme weather conditions.
China’s chip metal export curbs are ‘a wake up call’ for countries to diversify their supply chains
While China produces the majority of the world’s gallium and germanium, it is not the only producer.
Tesla’s push into humanoid robots is set to benefit these 5 global stocks in the supply chain, HSBC says
The bank identified the companies behind key components for humanoid robots, such as machine vision systems, control systems and servo motors.
UBS upgrades Big Pharma stock after shares drop on poor drug results
The Swiss bank believes the pharmaceutical giant’s 30-drug-trial pipeline makes it a “leading player in this field” and expects shares to rise by nearly 30%.
FTC says it will appeal to block Microsoft-Activision deal
The Federal Trade Commission said it will bring its campaign to prevent Microsoft from closing its Activision Blizzard deal before an appeals court.
Cooler inflation is good news, but don’t bet on rate cuts, Wells Fargo’s Schumacher says
Wells Fargo’s head of macro strategy acknowledges the June consumer price index out Wednesday is encouraging
Even with inflation cooling, Jim Cramer says the Fed has no choice but to keep tightening
CNBC’s Jim Cramer said Wednesday he doesn’t believe the Federal Reserve is finished tightening, even though the consumer price index seems to be cooling off.
Viasat plunges toward worst day ever after new satellite malfunctions
Viasat disclosed its most recently launched communications satellite suffered a malfunction while deploying the reflector of its Viasat-3 Americas satellite.
Stocks rise a fourth day on soft inflation data, S&P 500 and Nasdaq close at highest levels in 2023: Live updates
The S&P 500 and Nasdaq Composite are coming off their highest closing levels since April 2022.
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