When the CEOs of the largest investment banking firms revealed their fourth-quarter earnings on Tuesday, they gave a positive assessment of the state of the U.S. economy and deal pipeline, but they also cautioned about potential threats to the emerging… Read More ›
The US financial giants Wells Fargo, Bank of America, and Citigroup revealed in their fourth-quarter reports that they cut their workforces by a total 17,700 last year. Banks terminated staff members or ceased hiring new ones last year as dealmaking dried… Read More ›
According to research firm Insider Intelligence, political advertising expenditure in the United States is predicted to increase by 30% this year compared to the previous presidential election in 2020, in part due to increased spending on digital platforms. According to… Read More ›
December saw a third consecutive month of declines in factory-gate prices and consumer prices in China, underscoring ongoing deflationary pressures in an economy that is finding it difficult to make a sustainable recovery. The consumer price index (CPI) increased 0.1%… Read More ›
The United States Securities and Exchange Commission (SEC) has approved exchange-traded funds (ETFs) that follow the price of bitcoin, a game changer for the cryptocurrency industry, which has been trying to launch such a product for more than ten years…. Read More ›
Global sales of fully electric and plug-in hybrid vehicles (PHEVs) increased by 31% in 2023, down from 60% in 2022, according to market research firm Rho Motion. “The pace of growth is slowing, but that’s what’s expected in growing markets… Read More ›
Following a year of patchy and poor post-pandemic recovery in 2023, China’s consumer mood may begin to improve this year. Last year, the world looked to China’s grand reopening as a trigger to lift the global economy out of its… Read More ›
The administration of US President Joe Biden will issue a final regulation this week that would make it more difficult for businesses to treat people as independent contractors rather than employees, which normally cost a company more, according to an… Read More ›
A private-sector survey released on Tuesday revealed that while China’s factory activity increased more quickly in December due to higher output improvements and new orders, business confidence for 2024 remained low. At the end of 2023, the Caixin/S&P Global Manufacturing… Read More ›
According to corporate records, a seasoned software executive from Silicon Valley took the lead last year at a startup in his home China. The business disclosed to prospective investors that it would market software for designing microchips, which is mostly… Read More ›
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