World
German far-right party wins its first state election and is very close in a second
A far-right party won a state election for the first time in post-World War II Germany in the country’s east on Sunday, and looked set to finish a very close second to mainstream conservatives in a second vote. A new party founded by a prominent leftist also made a strong impact, while the parties in Chancellor Olaf Scholz’s unpopular national […]
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Far-right state win shakes Germany’s fragile coalition
The Reichstag, German Parliament Building Hiroshi Higuchi | Photolibrary | Getty Images BERLIN, Sept 1 (Reuters) – German state elections that dealt a heavy blow to the parties in Chancellor Olaf Scholz’s government and historic wins for two anti-establishment parties are likely to aggravate instability in an already fractious ruling coalition. With only a year to go […]
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Japan protests second territorial incursion by China in under a week
Japan lodged a protest with China after one of its naval survey vessels entered Japanese waters on Saturday, the second incursion into its territory by the Chinese military in less than a week. An uptick in Chinese military activity near Japan and around Taiwan in recent years has stoked concerns in Tokyo. Japan has responded […]
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Israeli American Hersh Goldberg-Polin among six hostages found dead in Gaza
Rachel Goldberg and Jonathan Polin, parents of Hersh Goldberg-Polin who was taken hostage in the Oct. 7 Hamas attacks, attend a demonstration by the families of people taken captive calling for their release, near Kibbutz Nirim in southern Israel by the border with Gaza on Aug. 29, 2024. Jack Guez | AFP | Getty Images […]
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What’s stalling China’s stock market recovery, according to KraneShares’ CIO
China’s slow post-Covid recovery could be a lasting headwind for its stock market. With the mainland’s two largest indexes — the Shanghai Composite and the Shenzhen Composite — each negative so far in 2024, KraneShares Chief Investment Officer Brendan Ahern thinks government stimulus is necessary to kick-start the country’s stock market performance. “Investors, particularly in […]
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The ‘rent-first’ lifestyle is catching on. From cars to clothes and even caskets, here’s when it makes sense to buy vs. rent
Owning isn’t always what it’s cracked up to be. For many reasons — including affordability — more Americans are choosing to rent everything from cars and apartments to clothing and furniture these days, according to a report by Intuit Credit Karma. Far beyond the traditional tuxedo, the rental industry has expanded in recent years to […]
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Warren Buffett’s Berkshire Hathaway sells more Bank of America, has now cut stake by nearly 15%
Warren Buffett speaks during the Berkshire Hathaway Annual Shareholders Meeting in Omaha, Nebraska on May 4, 2024. CNBC (This article is from the Warren Buffett Watch newsletter. Sign up here.) Warren Buffett has added around $6 billion to Berkshire Hathaway’s sizable cash pile this summer with a string of Bank of America stock sales since mid-July. According […]
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September is a historically rough month for Apple shares. Here’s what could happen next
September is typically a rough month for Apple — and it’s a toss-up as to whether this year could be any different. Apple is expected to announce new iPhones and Apple Watch models on Sept. 9 during a press event at its headquarters in Cupertino, California. The tech giant typically unveils these new models at […]
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China, Philippines accuse each other of ramming ships in South China Sea
China Coast Guard ships (background L and R) are seen past the Philippine Coast Guard ship BRP Cape Engano (C), as photographed from the BRP Cabra during a supply mission to Sabina Shoal in disputed waters of the South China Sea on Aug. 26, 2024. Jam Sta Rosajam Sta Rosa | AFP | Getty Images […]
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China’s weak factory activity data raises pressure for consumer stimulus
A worker assembles a corn combine harvester at a factory in Qingzhou Economic Development Zone, East China’s Shandong province, Aug. 31, 2024. Cfoto | Future Publishing | Getty Images China’s manufacturing activity sank to a six-month low in August as factory gate prices tumbled and owners struggled for orders, an official survey showed on Saturday, […]
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