World
About 10,000 U.S. hotel workers strike as contract talks break down
The Hyatt Regency Washington on Capitol Hill is seen on August 21, 2024 in Washington, DC. Anna Rose Layden | Getty Images Some 10,000 U.S. hotel workers began a multi-day strike in several cities on Sunday after contract talks with hotel operators Marriott International, Hilton Worldwide and Hyatt Hotels stalled, the Unite Here union said. Unite Here, which represents workers in hotels, casinos, and airports across the United States […]
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China’s first global gaming hit sells millions in a week. An early investor shares what’s next
People walk past the image of the ‘Monkey King’ character, or ‘Sun Wukong’ of Chinese action role-playing game ‘Black Myth: Wukong’, developed by Chinese video game company Game Science, during its launch day in Hangzhou, in eastern China’s Zhejiang province on August 20, 2024. Str | Afp | Getty Images BEIJING – China’s first attempt […]
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‘Reacceleration ahead’: Bank of America names global tech stocks to buy — predicting growth in the second half
Bank of America analysts painted an optimistic picture for a handful of European technology stocks, forecasting an acceleration in growth during the latter half of this year. Despite a challenging earnings season and mixed results in the second quarter — which contributed to the 10% fall in European technology stocks since mid-July — the bank […]
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Want a well-diversified portfolio? Here’s how to create one, according to a Morningstar portfolio manager
Investing in a volatile market is a tricky business — but one portfolio manager has tips on how to create a well-diversified portfolio to navigate that. “A good portfolio is a well-diversified one — and by well-diversified I mean a portfolio that has exposure to asset classes that have different drivers of growth,” Nicolo Bragazza, […]
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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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