BEIJING — U.S. credit card giant Visa announced Tuesday it had received approval from the People's Bank of China for setting up a bank card clearing business in the country.
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The S&P 500 rose to an all-time intraday on Tuesday, touching 7844.52 and surpassing its August 13 intraday peak when it hit 7,830. The benchmark also closed for the first time over 7,800.
With Treasury yields climbing this week to their highest levels since 2007, companies reliant on debt are poised to see their borrowing costs rise. That means the AI infrastructure buildout, which has already reached historic levels, is about to get even more expensive.
U.S. government officials, business leaders and their spouses dominated a list of more than 100 people who will attend a state dinner Thursday, according to a White House press release.
Chinese President Xi Jinping is set to make rare state visits to Egypt and, likely India, before his expected trip to the U.S. in late September.
Berkshire Hathaway sharply increased its stake in Alphabet in the second quarter, vaulting the Google parent into its three biggest stock holdings. The sprawling conglomerate also added to the size of its investments in Delta Air Lines and various homebuilders.
BEIJING — Yangtze Memory Technologies is rapidly gaining market share in a critical chip sector, according to Counterpoint Research.
In a new interview with CNBC, a Goldman exec breaks down what’s driving stocks, where markets are headed, and how the bankâs equities desk fuels its growth.