The reading comes just hours before the Bank of England updates its monetary policy.
China’s AI leaders keep quiet despite U.S. ‘publicity’ on tech risks
Z.ai, Moonshot, MiniMax, Alibaba and Tencent did not provide any statements when contacted by CNBC about the warnings on AI from Silicon Valley.
Indonesia’s new finance minister faces an uphill battle on fiscal credibility
Nazara, sworn in hours after Purbaya’s dismissal, spent seven years as deputy finance minister and led the ministry’s fiscal policy agency from 2015 to 2019.
Why de-dollarization discussions are more talk, less action
BRICS leaders have asserted the need to use local currencies in intra-BRICS trade to cut dependency on dollar.
Stocks making the biggest moves midday: Skyworks Solutions, Axon, Dave & Buster’s, Revvity & more
These are the stocks posting the largest moves midday.
Private credit default rate rises to 6.3% in the 12 months through August
CNBC’s Robert Frank reports on news regarding private credit.
Stocks making the biggest moves premarket: Dave & Buster’s, Enova, Etsy & more
These are the stocks posting the largest moves in early trading.
China’s August retail sales miss forecast while investment slump deepens, piling pressure on Beijing
China’s investment slump deepened, retail sales growth slowed further in August while industrial output blew past estimates as Beijing warns of supply-demand imbalance.
Counting the votes: Warsh faces a tough battle as the Fed girds for expected interest rate hike
Traders were pricing in a better than 92% probability of a rate increase, as well as a more than 75% chance for another one in December.
Bank of America expects third-quarter investment banking fees to fall more than 10%; shares slide
The muted outlook from the country’s second-largest bank by assets could be an early signal that Wall Street’s AI boom might have hit turbulence.