Wholesale prices rose 10.8% in May, near a record annual pace
Wholesale prices rose at a brisk pace in May as inflation pressures mounted on the U.S. economy, the Bureau of Labor Statistics reported.
CNBC Asia
U.S. holds 'candid' and 'productive' talks with China in nearly 5-hour meeting
A senior administration official described the talks, which were held in Luxembourg, as "candid, in-depth, substantive and productive."
Mainland Chinese stocks bounce back even as most Asia markets continue to slide
The S&P 500 declined nearly 4% overnight on Wall Street to 3,749.63, leaving its losses from its January record at more than 21%.
Tesla fires Singapore country manager after Elon Musk warns of job cuts
Tesla CEO Elon Musk recently told employees about plans to reduce salaried head count by 10%.
Diseases suppressed during Covid are coming back in new and peculiar ways
The Covid-19 pandemic has abated in much of the world. But in its place have emerged a series of viruses behaving in new and peculiar ways.
Asia markets tumble; Hong Kong, Japan and South Korea drop more than 3%
Hong Kong's Hang Seng index shed 3.66% in afternoon trade, leading losses among the region's major markets.
Global food prices are soaring. Rice could be next
Food prices and export bans have been on the rise. Rice, a staple food in much of Asia, could be next, industry watchers say.
China stocks lead gains in mixed Asia trading as Alibaba shares rebound
The Chinese producer price index for May jumped 6.4% as compared with a year earlier, official data showed Friday.
Buffett disciple Mohnish Pabrai names his 2 favorite investing books right now
Mohnish Pabrai, who is a disciple of billionaire Warren Buffett, shares his market outlook, his playbook on what to buy, what to avoid and what to read.
Carrie Lam says Hong Kong hasn't become 'just another Chinese city'
Lam also said the exodus of expatriates and foreigners from Hong Kong in recent months was not due to the newly enacted national security law.
Alibaba shares drop 8% after Jack Ma's Ant Group and regulator squash talk of revived IPO
The planned IPO of Ant Group, which is controlled by billionaire Alibaba founder Jack Ma, was pulled in November 2020 after regulators flagged concerns.
Asia-Pacific stocks mostly slip as new Covid curbs in Shanghai dampen investor sentiment
China's exports jumped 16.9% in May as compared with a year ago, Reuters reported Thursday.
Even if oil hits $150 a barrel, JPMorgan's Marko Kolanovic predicts stocks will reclaim 2022 highs
JPMorgan's chief global markets strategist, Marko Kolanovic, predicts oil is surging higher — but so are stocks.
Hong Kong leads gains in Asia markets as Alibaba soars 10%
The Reserve Bank of India will raise the policy repo rate by 50 basis points to 4.9% with immediate effect, Governor Shaktikanta Das announced Wednesday.
CDC raises monkeypox alert as global cases surpass 1,000
The U.S. Centers for Disease Control and Prevention has stepped up its monkeypox guidance as global cases of the virus surpass 1,000.
Japan is about to welcome back foreign travelers, but domestic tourism remains its priority
After more than two years of closed border policies, Japan is reopening to international travelers on June 10.
Human rights advocates tell Congress bitcoin is essential in countries with 'collapsing' currencies
Human rights advocates from around the world have written a letter to U.S. lawmakers in defense of digital assets.
Asia-Pacific stocks mixed as Australia announces rate hike that's larger than forecast
The Reserve Bank of Australia unexpectedly announced a 50 basis points increase in the cash rate on Tuesday to 0.85%.
Chinese ride-hailing giant Didi surged 24% after report that regulators are ending probes
Chinese regulators are concluding investigations into ride-hailing giant Didi, The Wall Street Journal reported, sending shares of the company surging.
The race toward a new computing technology is heating up — and Asia is jumping on the trend
Quantum computing will speed up the computational power that drives many industries and could impact everything from drug discovery to how data is secured.
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