5 big stories we were watching today #CNBCEconomy No case for more jumbo rate cuts by the Fed: Strategists There is no case for more 50-basis-point rate cuts by the Federal Reserve, veteran market strategists told CNBC. ➡️ https://cnb.cx/3XTOXLW #CNBCPolitics Sweden's immigration stance has changed radically over the last decade Sweden told people to open their hearts to immigrants 10 years ago. Its U-turn has been dramatic. ➡️ https://cnb.cx/4ezN0es #CNBCPolitics UK PM Starmer attempts government reset British Prime Minister Keir Starmer is seeking to reset his government and recover from a shaky first 100 days in office. ➡️ https://cnb.cx/3NdFie2 #CNBCPro Fund manager names an under-the-radar market to play right now Eric Sturdza's Shasha Li Mafli says this under-the-radar, 'cheap' market is "in a sweet spot." ➡️ https://cnb.cx/4eKOoeg #CNBCMarkets Europe market moves European stocks started the new trading week on a positive note, buoyed by gains in Asia overnight and last Friday's rally on Wall Street. ➡️ https://cnb.cx/47VsYbU
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An international perspective from the world leader in business and finance news. Follow us for the top stories from our newsrooms around the globe.
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"If you're given so much, more is expected from you." Anthony Tan, co-founder and CEO of Grab, grew up as the youngest son in one of Malaysia's wealthiest families. He worked for his family's business, but when he left to pursue his own company, his father disowned him. However, Tan told CNBC that in a strange way, that devastating moment gave him the push he needed to make his company succeed. Watch our full interview now: https://cnb.cx/3U0dcH7
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Tensions are escalating between banking and payment companies and social media firms in the U.K. over who should be liable for compensating people if they fall victim to fraud schemes online. ➡️ Starting from Oct. 7, banks will be required to start compensating victims of so-called authorized push payment (APP) fraud a maximum £85,000 if those individuals affected were tricked or psychologically manipulated into handing over the cash. ➡️ APP fraud is a form of a scam where criminals attempt to convince people to send them money by impersonating individuals or businesses selling a service. Read more: https://cnb.cx/3Bw3dCN
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It is “impossible” for the People’s Republic of China to become Taiwan’s motherland because Taiwan has older political roots, the island’s President Lai Ching-te said Saturday. ➡️ Lai, who took office in May, is condemned by Beijing as a “separatist.” He rejects Beijing’s sovereignty claims, saying that the island is a country called the Republic of China, which traces its origins back to the 1911 revolution that overthrew the last imperial dynasty. Read more: https://cnb.cx/3NfNY3v
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Many believe they need to earn a certain dollar amount to feel rich. ➡️ But even if they hit that goal or surpass it, they may be disappointed to find out they still don’t feel satisfied with their finances, says Charles Chaffin, co-founder of the Financial Psychology Institute and a professor at Iowa State University. Scroll to find out the reason why that happens and what to focus on instead to feel more satisfied with your money. Read the full story here: https://cnb.cx/3TTXddw
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You shouldn’t prioritize more than three things at a time, says Laura Mae Martin, Google’s executive productivity advisor. ➡️ “Your time is only finite,” so choosing just three items to focus on forces you to make clear to yourself what you really care about, she said on an episode of LinkedIn’s “SPARKED” podcast earlier this month. Scroll to find out three techniques she suggests to improve your workflow. Read the full story here: https://cnb.cx/4ePWbra
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LinkedIn released its seventh annual top startups list for India, showcasing the country’s emerging companies based on data from the professional social-networking site. ➡️ The report comes amid a booming environment for entrepreneurs. In fact, India has the third-largest startup ecosystem in the world, according to official government site Startup India. Scroll to find out the top 10 emerging startups in India, according to LinkedIn. Read the full story here: https://cnb.cx/3Y9Zhk6
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5 big stories we were watching today #CNBCTech Ubisoft shares skyrocket 30% Ubisoft shares surged over 30% on Friday after a media report of a potential buyout of the company. ➡️ https://cnb.cx/3TUftn7 #CNBCTrade EU votes to impose Chinese EV tariffs The EU voted to adopt definitive tariffs on China-made battery electric vehicles. ➡️ https://cnb.cx/47YvbmT #CNBCPolitics Britain’s defense sector vies for government funding British defense officials are vying to secure more funding as Finance Minister Rachel Reeves' upcoming Autumn budget. ➡️ https://cnb.cx/3TVejI7 #CNBCPro Looking to invest in the ‘Magnificent Seven’? Hedge fund manager Dan Niles is particularly bullish on one tech stock going into 2025. ➡️ https://cnb.cx/3Bx9jD8 #CNBCMarkets European markets close higher European stocks ended the day higher after the latest U.S. jobs report soared past expectations. ➡️ https://cnb.cx/4gPNwGS
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Sushi, onigiri and yakitori don — Japanese rice is a key staple in many of its iconic dishes, but the country is facing its biggest shortfall in decades. CNBC’s Lee Ying Shan delves into the factors behind this crisis and its effect on the economy. Read the full story here: https://cnb.cx/3Bv6Clv
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In this week's edition of the 'Beyond the Valley' newsletter: ➡️ India to fabricate its first chip within two years ➡️ Klarna CEO says European tech brain drain is ‘number one risk’ ahead of IPO ➡️ Google to invest $1 billion in Thailand to accelerate AI growth ➡️ Robinhood launches crypto transfers in Europe ➡️ Listen: What's China doing in AI? Read more and subscribe at the link below.