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Economy
China breifing, Japan trade, Australia jobs
Workers at the construction site of resettlement housing in Huai 'an city, Jiangsu province, China, June 17, 2024. Cfoto | Future Publishing | Getty ImagesChina property stocks…
Global chip stocks fall on ASML’s disappointing outlook, possible U.S. export cap
A worker produces chips at a semiconductor manufacturing enterprise in Binzhou, China, on June 4, 2024.Nurphoto | Nurphoto | Getty ImagesGlobal chip stocks fell on Wednesday, after…
ASML just gave us a first glimpse into how U.S. chip export curbs will dent its China sales
An ASML icon is being displayed on a circuit board, alongside the flags of the USA and China, in this photo illustration taken in Brussels, Belgium, on January 4, 2024.Jonathan Raa…
Stanley Druckenmiller says he’s ‘licking my wounds’ from selling Nvidia too soon
Stanley Druckenmiller at CNBC's Delivering Alpha on Sept. 28, 2022.Scott Mlyn | CNBCBillionaire investor Stanley Druckenmiller said on Wednesday that his decision to sell out of…
Key change coming for 401(k) ‘max savers’ in 2025, expert says — here’s what you need to know
Aire Images | Moment | Getty ImagesMany Americans face a retirement savings shortfall. However, setting aside more money could get easier for some older workers in 2025.Enacted by…
GM to invest $625 million in joint venture to mine EV battery raw materials in U.S.
The clay mixture from which lithium will be extracted is held by Tim Crowley, spokesman for Lithium Americas Corp. Carolyn Cole | Los Angeles Times | Getty ImagesDETROIT — General…
Stocks making the biggest moves midday: United Airlines, Morgan Stanley, ASML, Prologis and more
Check out the companies making headlines in midday trading: Novavax — Shares plunged more than 17% after the biotech company said the U.S. Food and Drug Administration put a…
Embattled Abbott Labs comes through with a strong quarter, buyback announcement
Medical device maker Abbott Laboratories on Wednesday delivered better-than-expected quarterly results and upped its earnings guidance for the third straight quarter. Shares rose…
Trump-backed crypto coin misses $300 million sales target, raises less than $12 million
It's been just over 24 hours since the launch of the Donald Trump-endorsed digital coin "WLFI," and the token is failing to deliver on the ambitious fundraising goals set by its…
Here’s why the U.S. retirement system isn’t among the world’s best
Mixetto | E+ | Getty ImagesThe U.S. retirement system doesn't get high marks relative to other nations.In fact, the U.S. got a C+ grade and ranked No. 29 out of 48 global pension…