Month: August 2024
China’s exports miss expectations in July, while imports pick up with growth of 7.2%
Cargo ships loaded with cars and containers for export are departing at the port of Yantai in Yantai, China, on July 31, 2024. Nurphoto | Nurphoto | Getty Images BEIJING — China’s imports grew faster-than-expected in July, while export growth came in below forecasts, according to customs data released Wednesday. Exports in U.S. dollar terms […]
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Stock futures rise after Wall Street snaps three days of losses: Live updates
Traders work on the floor of the New York Stock Exchange during morning trading on February 23, 2024 in New York City. Michael M. Santiago | Getty Images Stock futures were higher on Tuesday evening after Wall Street snapped a three-day string of declines. Futures tied to the S&P 500 gained 0.6%, while Nasdaq 100 […]
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Bank of Japan won’t raise rates when markets unstable, deputy governor says
The Japanese flag flutters over the Bank of Japan (BoJ) head office building (bottom) in Tokyo on April 27, 2022. Kazuhiro Nogi | Afp | Getty Images Bank of Japan Deputy Governor Shinichi Uchida said on Wednesday the central bank won’t raise interest rates when financial markets are unstable. The recent strengthening of the yen would affect the BOJ’s policy decision because it reduces upward pressure on […]
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What are the economics of war?
More countries are boosting their defense industries, calling for a shift to “war economy mode.” But what exactly is a war economy? Last March, Thierry Breton, the EU’s commissioner for internal market, advocated for a shift of the European defense industry toward a war economy. Europe is facing an “existential threat,” he said, as the […]
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SunPower files for bankruptcy, plans to sell off assets — stock drops more than 40%
Workers install solar panels during a SunPower installation on a home in Napa, California, on July 17, 2023. David Paul Morris | Bloomberg | Getty Images The rooftop solar installer SunPower has filed for bankruptcy, after struggling for months in the face of high interest rates and allegations of misconduct in its reporting practices. SunPower […]
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Consumer giants from Starbucks to General Mills have one big sales problem: China
Pictured here is a McDonald’s store in Yichang, Hubei province, China, on July 30, 2024. Nurphoto | Nurphoto | Getty Images BEIJING — A theme emerging in the latest slew of U.S. companies’ earnings reports is a drag from the China market. The Chinese economy — home to more than four times the population of […]
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Macquarie names 10 ‘highest conviction’ Asia stocks that have ‘borne the brunt’ of recent sell-off
Macquarie named its 10 “highest conviction” stocks that it believes present buying opportunities for investors amid the current market volatility and sharp sell-off across global markets. The Australian investment bank’s analysis comes as markets grapple with concerns over a potential U.S. recession and the unwinding of the Japanese yen carry trade. In response, Japan’s stock […]
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The world’s top 150 insurtech companies: 2024
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The case for buying bonds right now
ETF Edge The case for buying bonds right now Published Tue, Aug 6 20247:00 PM EDT Ellie Stevens@elliestevens02 WATCH LIVE Source
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Trump quiet on markets after stock rebound robs him of ‘Kamala Crash’ attack line
After using the market’s global sell-off as an opportunity to attack Vice President Kamala Harris, former President Donald Trump and his Republican allies were noticeably quieter Tuesday, as stocks gained back some of their losses. The S&P 500 closed just over 1% higher on Tuesday, while the Dow Jones Industrial Average was up nearly 300 […]
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