World
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 […]
Read More
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 […]
Read More
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 […]
Read More
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 […]
Read More
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 […]
Read More
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 […]
Read More
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 […]
Read More
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, […]
Read More
India outperforms other major economies even as growth slows in April-June
A shopkeeper arranges lanterns kept for sale ahead of the Diwali festival, the Hindu festival of lights in Mumbai on Nov. 8, 2023. Ashish Vaishnav | SOPA Images | LightRocket | Getty Images India’s economic growth slowed to 6.7% year-on-year in the April-June quarter as a decline in government spending during national elections weighed, data […]
Read More
Hong Kong expects further retail challenges as July sales fall 11.8% from a year ago
A general view is showing a shopping mall in Hong Kong, on Aug. 1, 2024. Vernon Yuen | NurPhoto | Getty Images Hong Kong’s July retail sales fell 11.8% from a year earlier, government data showed on Friday, reflecting the continued impact of the change in consumption patterns. Sales decreased to 29.1 billion Hong Kong dollars […]
Read More