Month: September 2024
China’s youth unemployment hits fresh high amid economic slowdown and restrictive hiring policies
A job fair in China’s southwestern city of Chongqing on April 11, 2023. Str | Afp | Getty Images China’s youth unemployment rate in August rose to the highest level since the new system of record-keeping began in December, data from the National Bureau of Statistics showed, amid an economic slowdown. The jobless rate for […]
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Australia’s REA sweetens takeover offer for Britain’s Rightmove to $8.1 billion
Rightmove logo is seen displayed in this illustration taken April 10 2023. Reuters | Dado Ruvic Australian property listing firm REA Group has made a third pitch to buy British rival Rightmove with a new 6.1 billion pound ($8.12 billion) offer on Monday after its two previous offers were rejected. The latest offer consists of 341 pence in […]
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China stimulus calls are growing louder — inside and outside the country
Key Points The world’s second-largest economy has remained under pressure from a real estate slump and tepid consumer confidence. “We believe the risk that China will miss the ‘around 5%’ full-year GDP growth target is on the rise, and thus the urgency for more demand-side easing measures is also increasing,” Goldman Sachs analysts said in […]
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Here’s where to invest $1 million, according to the pros
Volatility was the name of the game as markets entered the second half of the year, with stocks going through wild swings since July. The U.S. Federal Reserve made its first cut in four years — and more are expected to come. Some are also calling for investors to move out of cash with rates […]
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India rules out joining world’s largest trade deal, accuses China of ‘very opaque’ trade practices
Indian flag and Chinese flag displayed on screen. Anadolu | Anadolu | Getty Images India’s commerce minister rejected the idea of joining the Regional Comprehensive Economic Partnership, the world’s largest trade deal, maintaining that it is not in the country’s interest to be part of a free trade agreement with China. “India is not going […]
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CNBC Daily Open: Recession concerns still linger
Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., September 19, 2024. Brendan McDermid | Reuters This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. […]
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Here are 3 stocks to buy after the Fed’s ‘crisis level cut,’ according to one strategist
The U.S. Federal Reserve’s bumper 50-basis-point interest rate cut last Wednesday caught several market watchers by surprise , one chief market strategist said — sharing where and how he’s investing in such an environment. The U.S. is “five weeks in front of what’s a very chaotic presidential election … and the Fed is never really […]
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Dow futures are little changed after clinching record high following Fed rate cut: Live updates
Traders on the New York Stock Exchange floor on Sept. 9, 2024. Spencer Platt | Getty Images News | Getty Images Dow Jones Industrial Average futures are near flat Sunday night after excitement over last week’s interest rate cut propelled the blue-chip index to a record closing level. Futures tied to the 30-stock index lost […]
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House Speaker Johnson axes Trump voting restrictions in new government funding bill
U.S. Speaker of the House Mike Johnson (R) (R-LA) departs a press conference with Republican leadership on Capitol Hill on September 18, 2024 in Washington, DC. Win McNamee | Getty Images News | Getty Images Republican House Speaker Mike Johnson on Sunday announced a new temporary government funding proposal with key amendments from the original […]
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More than 700 former military and national security officials endorse Harris, say Trump is ‘impulsive and ill-informed’
US Vice President and Democratic presidential candidate Kamala Harris boards Air Force Two at John Murtha Johnstown-Cambria Airport in Johnstown, Pennsylvania, on September 13, 2024. Drew Angerer | AFP | Getty Images More than 700 former national security and military officials endorsed Kamala Harris for president over Donald Trump in the 2024 election in an […]
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