CNBC Pro: What one tech fund manager is expecting from Apple and Alphabet earnings this week Microsoft issued a disappointing revenue forecast last week, but its stock has since increased. What does that mean for the other Big Tech companies set to report earnings? Tech fund manager Jeremy Gleeson, who manages the £1.1 billion ($1.5 … Read more
Workers surveyed in China are the least likely to retire as soon as possible — even “in an ideal world,” Randstad said. And 3% of workers in Asia-Pacific never want to retire at all, which is the highest percentage out of all regions. Edwin Tan | E+ | Getty Images The cost of living crisis … Read more
Japanese yen weakens after BoJ announces no change to yield curve range The Japanese yen weakened against the greenback after the Bank of Japan surprised markets by keeping its yield curve tolerance band unchanged. The Japanese yen weakened by 2.04% against the US dollar after the announcement and last stood at 130.94. “Japan’s economy is … Read more
Goldman Sachs: China’s ‘exit wave’ on reopening is taking a toll on the economy China’s “exit wave” during its reopening process has dragged down the economy significantly, Goldman Sachs economists said in a report. “The ongoing ‘exit wave’ on the back of China’s faster-than-expected reopening has taken a heavy toll on economic activity in recent … Read more
Japan wholesale prices rise faster than expectations Japan’s producer prices, or wholesale prices, rose 10.2% in December compared with a year ago, according to official data. That was higher than a rise of 9.5% expected by economists polled by Reuters and marked the third consecutive rise in monthly readings. The nation’s producer prices rose 0.5% … Read more
Tokyo, Japan – When Eriko Sairyo, a 30-year-old professional who lives in Shizuoka, Japan, saw that American pop singer Gwen Stefani was being accused of “cultural appropriation” in Western media, she could not understand the controversy. “I personally think that it’s pretty cool that people want to incorporate Japanese styles into their fashion,” Sairyo, who … Read more
Tesla cuts some model prices in China, suppliers rise Tesla slashed prices for some models in China for the second time in three months, the firm announced in a Weibo post. The firm said its Model 3 and Model Y vehicles in China are now priced at 229,900 yuan and 259,900 yuan, respectively. That’s a … Read more
CNN — Some passengers who were recently affected by Southwest Airlines’ holiday travel meltdown are receiving thousands of frequent flier miles as a “gesture of goodwill” for enduring such turbulent times. Meanwhile, lots of luggage remains in limbo – and it could be several days to weeks until some passengers are reunited with their bags … Read more
The United States is not discussing joint nuclear exercises with South Korea, US President Joe Biden has said, appearing to contradict remarks by his South Korean counterpart, President Yoon Suk-yeol, that Washington and Seoul were in talks on exercises involving US nuclear assets. The South Korean president said in a newspaper interview that Seoul and … Read more
Taipei, Taiwan CNN — China sent 47 aircraft across the median line of the Taiwan Strait on Sunday, its largest incursion into Taiwan’s air defense zone in recent months, as Beijing steps up efforts to normalize aggressive military operations around the self-ruled island. The incursions were made by 42 J-10, J-11, J-16 and Su-30 fighter … Read more
