Worries that China’s worsening real estate sector problem is choking what little economic momentum there is have increased in response to missed payments on investment products by a major Chinese trust firm and a decline in home prices. Angry investors… Read More ›
As Americans raised their online purchases and increased their dining out, U.S. retail sales climbed more than anticipated in July, indicating that the economy continued to grow early in the third quarter and preventing a recession. The Commerce Department’s report… Read More ›
Retail sales, industrial output, and investment figures for China’s economy for July fell short of forecasts, raising fears of a more significant and protracted downturn in development. There have been previous inaccurate predictions about the end of China’s growth. Is… Read More ›
Japanese automakers are benefiting from a tried-and-true strategy as the cheaper yen supports earnings in the face of weakening sales in China and the increasingly difficult transition to electric vehicles. The currency was a contributing factor in the recent earnings… Read More ›
On Tuesday, China’s central bank unexpectedly reduced key policy rates for the second time in three months, providing more evidence that policymakers are stepping up their monetary easing initiatives to support the economy’s faltering recovery. Analysts claimed that the action… Read More ›
For the first time in four months, analysts are upgrading their earnings projections for Asian corporations as decreasing pricing pressures increase consumer spending and decreasing recession fears in Western economies are anticipated to increase export revenues. Based on Refintiv data,… Read More ›
WeWork, a once-coveted company that is now a micro-cap, as well as other penny stocks like Amyris and Proterra are the newest targets of speculative wagers from retail traders. Shares of the financially precarious companies are surging in significant trading… Read More ›
A slower-than-expected rebound in a crucial market would undoubtedly hurt sales for U.S. luxury brands like Michael Kors owner Capri and Estee Lauder. China most certainly made the U.S. need for cooling worse. After China relaxed stringent import controls to… Read More ›
After a summer of debilitating heatwaves that ravaged southern Europe, travellers are now anticipated to come to northern Europe, wondering if cooler temperatures could suit them better. Although bookings to destinations like Denmark, Finland, the Netherlands, Norway, and Sweden are… Read More ›
With great claims about how it can transfer money across millions of cryptocurrency investors, PayPal became the first significant U.S. fintech business to launch its own crypto token with a dollar-pegged stablecoin known as PayPal USD on Monday. The company… Read More ›
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