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CNBC Daily Open: BOJ ups rate to 0.25%; U.S. stocks fall; Starbucks' same-store sales decline

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Monetary Policy Notizia

Japan,Japanese Yen,Computer Memory

Japan’s central bank lifted its benchmark interest rate to “around 0.25%” from the previous range of 0% to 0.1%.

This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? You can subscribe

for the second quarter, helped by robust demand for its advanced memory chips, which are essential for AI training. Revenue climbed 23.42% year-over-year to 74.07 trillion Korean won, or around $53.45 billion. Operating profit increased 15 times to 10.44 trillion Korean won. The South Korean tech giant said sales of high-end memory chips used in servers will continue to be strong.ahead of Wednesday's rate decision.

Starbucks' plummeting same-store sales in China are just the latest symptom of weakness in the world's second-largest economy.like Temu and Shein poses a serious threat to retailers such as Amazon and eBay as they gain traction in the U.S. market.

 

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