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- China's industrial profits plunge 9.1%, steepest fall in seven monthsThat marked the largest monthly decline since October last year, when the industrial profits dropped 10%.
- Xiaomi shares soar to record highs as its new EV that undercuts Tesla draws strong responseChinese smartphone company Xiaomi priced its luxury YU7 SUV within expectations — but undercut Tesla's Model Y.
- Why aren’t Chinese consumers spending enough money?China's consumer spending shows little sign of picking up soon, given uncertainty about future wealth, changing preferences and lack of a social safety net.
- Nike says tariffs will cost it $1 billion before price increases, supply chain shiftsNike said its fiscal fourth quarter will see the worst of its turnaround efforts, but investors are wondering if sales and profits still have more room to fall.
- CNBC Daily Open: Wall Street is chill, cheeky and cruisingThere are risks everywhere, but right now, Wall Street seems to be in full summer mode.
- Asia-Pacific markets track Wall Street gains after White House downplays tariff deadlineJapan's Tokyo core consumer price index excluding fresh food and fuel rose 3.1% year on year in June, slower than the 3.6% increase seen in the previous month.