Nissan Going Cap in Hand to UK for Loan May Spur Japan to Act
That would be unusual, but not unprecedented.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
CNBC
3 minutes ago
- CNBC
Asia markets set to open mixed as investors await key economic data in the region
Asia-Pacific markets are expected to trade mixed as investors await a slate of Chinese economic data later in the day, as well as Japan's second-quarter GDP. Happy Friday from Singapore. Asia markets are set for a mixed open. Australia's S&P/ASX 200 was set to start the day marginally lower with futures tied to the benchmark at 8,838, compared with the index's last close of 8.873.8. Japan's Nikkei 225 was set to open higher, with the futures contract in Chicago at 42,795, while its counterpart in Osaka last traded at 42,770, against the index's last close of 42,649.26. Futures for Hong Kong's Hang Seng index stood at 25,316, pointing to a weaker open compared with the HSI's last close of 25,519.32. South Korean markets were closed for a holiday. — Lee Ying Shan The S&P 500 ticked higher on Thursday to eke out its third record close in a row. The benchmark added 0.03%, closing at 6,468.54. The Nasdaq Composite slipped 0.01%, finishing at 21,710.67. The Dow Jones Industrial Average shed 11.01 points, or 0.02%, and settled at 44,911.26. — Lisa Kailai Han In a Thursday interview with CNBC, economist Marc Sumerlin confirmed that he's in the running to be the next Federal Reserve chair. "I got a call last Wednesday that said there was going to be a list [and] I was going to be on it. That's as much as I know right now," he said. "I'm waiting for more guidance on where we go from here." Sumerlin also voiced his support for a big interest rate cut. The former senior economist under then-President George W. Bush said that a 50 basis-point rate cut "seems like pretty much a no-brainer to me." One basis point equals 0.01%, so a 50 basis-point cut would be half a percentage point. — Jeff Cox, Lisa Kailai Han Equities may have further upside from here, but investors should still be mindful of elevated volatility going forward, according to UBS. "While the VIX index of implied stock volatility has fallen to the lowest level since December last year, market swings could pick up quickly if trade tensions escalate significantly, economic data weakens faster than expected, or if geopolitical risks worsen," the bank wrote in a Wednesday note to clients. "Investors who are already allocated to equities in line with their strategic benchmarks should consider structured strategies with capital preservation features, while those underallocated should prepare to add exposure on potential market dips or consider a disciplined approach to phasing into stocks." UBS added that a "well-diversified portfolio" is suited for helping investors hedge against volatility while also setting them up for future gains. — Lisa Kailai Han
Bloomberg
3 minutes ago
- Bloomberg
Grassley Presses CFTC on Report of Prior Telework Violations
Senator Chuck Grassley is pressing the Commodity Futures Trading Commission to answer questions about an employee who allegedly worked remotely from foreign locales in violation of government policies, adding to acting Chairman Caroline Pham's earlier calls for more transparency. 'The American public deserves to know exactly how much of their taxpayer dollars were wasted,' Grassley wrote in a letter Wednesday to the CFTC's inspector general and Pham, who took the helm of the agency in January. Pham said earlier this year, when the CFTC published a one-page summary of the internal report, she was disturbed by the 'lengthy scheme to defraud the American taxpayer over many years that previous management failed to address appropriately.'
Yahoo
31 minutes ago
- Yahoo
JD Vance turned away from British pub after staff threatens mutiny: report
Vice President JD Vance was reportedly turned away by a popular British pub after staffers threatened not to show up for work if the restaurant booked his reservation. An employee at The Bull in Charlbury, Oxfordshire, said they were unable to comment on the matter when contacted by The Daily Beast. Public House Group, the restaurant group that operates the understated Michelin-rated venue, hasn't responded to a Daily News request for comment. Some residents of the Oxfordshire hamlet have become upset by Vance choosing their south-central England region to spend some downtime. Local media outlet the Oxford Clarion posted photos of signs in locals' lawns protesting the vice president. 'Fascists not welcome here,' read one of those signs, while another simply told Vance to 'go home.' The Oxford Mail reported in late July that former Vice President Kamala Harris had just visited The Bull and at least one other establishment in the area without incident. But locals told the BBC that Vance's visit complicated everyday life for some. 'I don't think the locals are too happy about the roads being closed,' one area resident said. Vance ran into a similar issue last September when he and his entourage were met with resistance at a Pennsylvania restaurant that said it wasn't expecting his visit and the hoopla it brought just weeks before the election. The eatery later put out a statement claiming the politician from Ohio was not 'banned' but in fact allowed to engage with supporters at the Pittsburgh-area business after staff resolved the 'momentary confusion.' _____
