5 things to know before the stock market opens Friday
Here are the most important news items that investors need to start their trading day. Source link
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United States
Why EU tariffs are unlikely to dent Chinese EV makers’ European expansion
To make the European market unattractive for Chinese EV exports, tariffs have to be as high as 50%, according to
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CNBC Daily Open: Markets have finally processed the good news
“Twenty-four little hours / Brought the sun and the flowers / Where there used to be rain,” sings Dinah Washington.
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Largest port on U.S. East Coast, New York/New Jersey, begins prepping for what could be first union strike since 1977
A deadline of Oct. 1 for a new deal between port workers and ownership is approaching, and after talks broke
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Biden’s student debt forgiveness plan to remain blocked, federal judge orders
U.S. District Judge Randal Hall extended a restraining order against the Biden administration's latest student debt forgiveness plan. Source link
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China’s Alibaba launches over 100 new open-source AI models, releases text-to-video generation tool
Alibaba is hoping its latest AI offerings may tempt customers around the world to sign up to its cloud services.
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CNBC Daily Open: Markets need time to digest the 50-point cut
Fed Chair Jerome Powell spent a big portion of the post-meeting press conference massaging sentiment. Source link
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China would love a domestic Nvidia rival — but that’s proving quite the challenge
Chinese firms face a number of challenges in trying to rival Nvidia including contending with U.S. export restrictions and a
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Ray Dalio says the Fed faces a tough balancing act as the economy faces ‘enormous amount of debt’
On Wednesday, Dalio listed debt, money and the economic cycle as one of the top five forces influencing the global
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