More fiscal support is needed, analysts said, after the PBOC surprised markets by announcing plans to cut a number of rates.

Visa and Mastercard have surged over the past two decades, reaching a combined $1 trillion market cap. That has attracted unwanted attention from regulators.

The 61-year-old executive adopted a trading plan for the sale of up to six million Nvidia shares, and he has hit that threshold months ahead of schedule.

Federal officials are trying to boost the energy efficiency of residential and commercial real estate.

No governor had dissented from an interest rate decision since 2005.

Commerzbank supervisory board member Stefan Wittmann told CNBC’s Annette Weisbach that „we certainly hope we can avoid“ a hostile takeover by the Italian bank.

China’s Ministry of Commerce said it was launching a probe into Calvin Klein-parent PVH Group over alleged business disruptions involving Xinjiang.

Beijing will cut the amount of cash banks need to have on hand, known as the reserve requirement ratio, or RRR, by 50 basis points in the near term, People’s Bank of China Gov. Pan Gongsheng said.

Kashkari said Monday that he expects to dial down the pace of interest rate reductions after the central bank eased policy by a half percentage point last week.

The world’s second-largest economy has remained under pressure from a real estate slump and tepid consumer confidence.