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 ›
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 ›
Ratings agency Moody’s warned that it was assessing the position of some of the biggest lenders in the country as it cut the credit ratings of seven U.S. banks on Monday. Ten American banks had their ratings lowered by one… Read More ›
If mediaeval improvements in the plough did not help lift Europe’s peasants out of poverty, it was mostly because their rulers chose to construct cathedrals with the wealth created by the increased increases in output. According to economists, if artificial… Read More ›
In the past year, cruise vacations have become a popular choice for people looking for less expensive forms of transportation, but American cruise companies are indicating that itineraries may become more expensive in the near future. As occupancy levels approach… Read More ›
Consumers and businesses in China are locking up trillions of yuan in longer-term bank deposits, thereby removing a sizable chunk of money from circulation and putting the economy at risk of the same kind of liquidity trap that crippled Japan’s… Read More ›
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