World
Japan still expected to stick to hiking cycle despite PM Ishiba’s dovish turn
Japanese 10,000 yen banknotes arranged in Tokyo, Japan, on Saturday, Oct. 7, 2023. Shoko Takayasu, Bloomberg | Bloomberg | Getty Images Despite dovish comments from Japanese Prime Minister Shigeru Ishiba leading to a sharp plunge in the yen, market analysts aren’t budging from their Bank of Japan policy expectations for the longer term. The yen […]
Read More
Philippines levies 12% VAT tax on digital services by Amazon, Netflix and Disney
Chesnot | Getty Images News | Getty Images The Philippines will impose a 12% value-added tax on digital services offered by tech giants such as Amazon, Netflix, Disney, and Alphabet, in a move that will level the playing field with domestic brick and mortar players, the internal revenue agency said on Thursday. President Ferdinand Marcos Jr signed into law on Wednesday the imposition of VAT on non-resident digital service providers […]
Read More
I grew my side hustle into a $20,000 a month business — here are 4 tips I have for aspiring entrepreneurs
Jean Kang, 32, brings in about $20,000 a month with her business. Courtesy of Jean Kang Jean Kang never thought she would be an entrepreneur. Growing up in the San Francisco Bay Area, she had always envisioned herself working for a big tech company. “I grew up watching a lot of ‘Shark Tank’ [and] thought […]
Read More
Singapore’s disgraced former transport minister jailed for 12 months in landmark case
Former transport minister S. Iswaran walks as he appears at the Supreme Court in Singapore October 3, 2024. Edgar Su | Reuters A Singapore court on Thursday sentenced a former minister to 12 months in prison for obstructing justice and receiving more than $300,000 worth of gifts, in the first jailing of an ex-cabinet member […]
Read More
Citi names 3 U.S. traded stocks set to benefit China’s stimulus program
Citi has identified three U.S.-traded Chinese stocks that are positioned to benefit from Beijing’s recently announced economic stimulus program. China introduced several supportive policies last month to revive its economic growth and bolster market and consumer confidence. The Chinese government’s efforts have already shown a significant impact, with Chinese internet stocks experiencing substantial gains last […]
Read More
Supply chain disruptions could benefit these stocks, Goldman Sachs says
Global supply chains and trade have been facing no shortage of challenges in the past few years. Factors ranging from Covid-19 pandemic disruptions to Red Sea tensions have driven freight rates up and affected deliveries. Trade tensions, too, have resulted in tariffs and affected world trade in certain goods. Just this week, strikes at the […]
Read More
Japan’s Nikkei 225 jumps 2.5% as yen weakens
Pedestrians cross a road in front of the Tokyo Stock Exchange (TSE), operated by Japan Exchange Group Inc. (JPX), in Tokyo, Japan, on Thursday, Oct. 29, 2020. Kiyoshi Ota | Bloomberg via Getty Images Japan stocks led Asian markets higher Thursday, after Wall Street inched higher amid rising tensions in the Middle East. Japan’s Nikkei […]
Read More
Stock futures inch higher as traders await jobs report due later this week: Live updates
Traders work on the floor of the New York Stock Exchange. Stock futures ticked higher Wednesday night as investors look ahead to September’s payrolls report due later this week. Futures tied to the Dow Jones Industrial Average added 40 points, or less than 0.1%. S&P 500 futures advanced 0.1%, while Nasdaq 100 futures climbed about […]
Read More
The East and Gulf coast ports strike could be a no-win situation for the Biden administration
Mario Tama | Getty Images News | Getty Images President Joe Biden and his administration are sticking to their position of not invoking the Taft-Hartley Act to force International Longshoremen’s Association dock workers back on the job at East and Gulf coast ports where a strike is hitting day two on Wednesday, a political decision […]
Read More
The East and Gulf coast ports strike could be a no-win situation for the Biden administration
Mario Tama | Getty Images News | Getty Images President Joe Biden and his administration are sticking to their position of not invoking the Taft-Hartley Act to force International Longshoremen’s Association dock workers back on the job at East and Gulf coast ports where a strike is hitting day two on Wednesday, a political decision […]
Read More