Author: Admin
Law firm says employees can work from home full-time – but only if they take a 20% pay cut
shomos uddin | Moment | Getty Images A U.K. law firm has decided to offer its employees the option of working from home full-time, but on the condition that they take a 20% pay cut. The London-headquartered law firm Stephenson Harwood has also offered its employees the option of a hybrid model, working up to […]
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India raises rates at surprise monetary policy meeting, bond yields jump
A youth walks past the entrance of the Reserve Bank of India head office in Mumbai on Nov. 17, 2021. India’s central bank raised its main lending rate off record lows in a surprise move on Wednesday to contain rising inflation, shocking markets and pushing the benchmark 10-year bond yield to its highest levels in […]
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Want an inflation-ready portfolio? Top economist says a traditional route won’t cut it
Societe Generale’s global head of economics, Kokou Agbo-Bloua, explains why the firm is changing up the traditional 60/40 portfolio. Source
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SEC adds over 80 companies to list of firms facing delisting risk, including China’s JD.com
Signage at JD.com’s warehouse in Shanghai, China, on Mar. 9, 2022. The U.S. Securities and Exchange Commission on Wednesday added over 80 firms to its list of entities facing possible expulsion from American exchanges, which include China’s JD.com, Pinduoduo, Bilibili, and NetEase. Qilai Shen | Bloomberg | Getty Images The U.S. Securities and Exchange Commission […]
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From Estee Lauder to Apple, big companies say China’s Covid restrictions are hitting business
Factories in China affected by Covid lockdowns can conditionally resume work, by housing workers on-site. Pictured here is an auto parts manufacturer in Suzhou that has had 478 employees on site since April 16. CFOTO | Future Publishing | Getty Images BEIJING — Several international corporations warned in the last week the drag from China’s […]
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Hong Kong’s Hang Seng rises nearly 2%, mainland China stocks mixed on return from holidays
It was the push back on a 75bp hike from the US Fed Chair Powell that set the market rally in motion. Lavanya Venkateswaran economist, Mizuho Bank The S&P/ASX 200 in Australia climbed 0.64%, while MSCI’s broadest index of Asia-Pacific shares outside Japan traded 1.35% higher. Markets in Japan and South Korea are closed on […]
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Bank of America picks Asia-Pacific stocks to sell partly because of high revenue exposure to China
Bank of America’s Asia stocks team has not recommended buying China stocks since November 2020. Source
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Consumers at breaking point as Fed’s inflation battle heats up, investor Peter Boockvar warns
The economy may be hitting a crucial turning point. Investor Peter Boockvar warns the Federal Reserve will not be able to meaningfully contain surging inflation, and there’s not much more consumers can withstand. “It gets to the question: At what point does the consumer blink in the face of these rising prices,” the Bleakley Advisory […]
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Cramer’s lightning round: Marvell Technology and Bausch Health are buys
Bausch Health: “We wanted to buy more today, but we ran out of time. This thing is being put on sale. There are shorts taking it all the way down. It is quite ridiculous. I wanted to be able to buy a huge slug of it today, so that’s how I feel for the [Charitable […]
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Clorox’s brands are inflation-proof and can thrive in recessions, CEO says
Clorox CEO Linda Rendle told CNBC on Wednesday the company’s products are “household essentials” that can withstand rising inflationary environments and tough economic times. The company’s brands include its namesake Clorox products as well as Brita water filtration, Glad bags and Burt’s Bees to highlight a few. As an example of Clorox’s pricing power, Rendle […]
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