World
China’s CPI climbs 0.6% in August, missing expectations as transport, home goods prices fall
egetable prices in China have risen significantly this summer, with analysts pointing to high temperatures and frequent rainfall as the main reasons. Vcg | Visual China Group | Getty Images BEIJING — China on Monday reported its consumer price index rose by 0.6% year on year in August, missing expectations as costs of transportation and […]
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Asia-Pacific markets set to open lower after weak U.S. jobs report; Nikkei set to fall 3.5% at open
People look at the city’s skyline from the Bunkyo Civic Center Observation Deck in Tokyo on August 14, 2024. Philip Fong | AFP | Getty Images Asia-Pacific markets are set to open lower on Monday, tracking losses on Wall Street after a weaker-than-expected U.S. jobs report. U.S. nonfarm payrolls rose by 142,000 missing a 161,000 […]
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Wall Street is turning less bullish on tech darling ASML for several reasons
Analysts at major Wall Street banks are getting more cautious on chip darling ASML , raising concerns about the critical chip equipment maker’s demand outlook. Earlier this week, investment bank UBS downgraded ASML to “neutral” and cut its price target on the stock to 900 euros ($1,000.78) from 1,050 euros previously. In the note, UBS said […]
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Stock futures slip after the S&P 500 suffers its worst week since 2023: Live updates
Traders work on the floor of the New York Stock Exchange during afternoon trading on September 05, 2024 in New York City. Michael M. Santiago | Getty Images U.S. stock futures were lower on Sunday night following a tough week for the equity market. S&P 500 futures dipped 0.1%, while Nasdaq 100 futures slid 0.2%. […]
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Many ‘doubted the vision’: Saudi investment minister touts ‘green shoring’ on path to diversification
Khalid Al-Falih, Saudi Arabia’s investment minister, during the Bloomberg New Economy Forum in Singapore, on Wednesday, Nov. 8, 2023. Bloomberg | Bloomberg | Getty Images Saudi Minister of Investment Khalid al-Falih pushed back against skepticism over the country’s economic diversification plan, as Riyadh touts “green shoring” investment opportunities to woo foreign financing. “There was many […]
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Ether has been dramatically underperforming bitcoin as the investment case for the cryptocurrency weakens
Crypto investors are starting to question the investment opportunity in ether . Ethereum has always been seen as the blockchain with a stronger and more easily understood value proposition as a smart contracts platform that could power many different types of applications. Now, investors are reckoning with the possibility that ether may have lost some […]
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As consumers trade down to cheaper private label brands, these stocks could head up
Inflation may be coming under control, but the cumulative toll of month after month of soaring prices, higher interest rates and swelling debt has wreaked havoc on household finances. Anecdotes shared on retailer conference calls have drawn a portrait of a more selective and cautious shopper. At the low-end, the situation is particularly strained. Dollar […]
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Shooting attack at the West Bank-Jordan border crossing kills 3 Israelis
Israeli security forces gather at the scene of a reported attack near the Allenby Crossing between the occupied West Bank and Jordan on September 8, 2024, where the Israeli military said a truck driver opened fire, killing three Israelis. The (Photo by Ahmad GHARABLI / AFP) (Photo by AHMAD GHARABLI/AFP via Getty Images) Ahmad Gharabli […]
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Venezuela opposition candidate Gonzalez leaves for Spain as diplomatic tensions rise
CARACAS, VENEZUELA – JULY 30: Opposition candidate Edmundo Gonzalez. (Photo by Pedro Rances Mattey/Anadolu via Getty Images) Anadolu | Anadolu | Getty Images Venezuela’s former presidential opposition candidate Edmundo Gonzalez has left for Spain in the wake of the South American country’s contested election, Venezuelan and Spanish officials said on Saturday night after a day […]
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Yellen says U.S. economy remains solid, on path to ‘soft landing’ with no meaningful layoffs
U.S. Secretary of the Treasury Janet Yellen speaks listens to a presentation during a tour at the IRS Processing Facility on September 06, 2024 in Austin, Texas. Brandon Bell | Getty Images Treasury Secretary Janet Yellen sought to reassure the public on Saturday that the U.S. economy remains strong, despite a string of weak job […]
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