World
Bank of Japan won’t raise rates when markets unstable, deputy governor says
The Japanese flag flutters over the Bank of Japan (BoJ) head office building (bottom) in Tokyo on April 27, 2022. Kazuhiro Nogi | Afp | Getty Images Bank of Japan Deputy Governor Shinichi Uchida said on Wednesday the central bank won’t raise interest rates when financial markets are unstable. The recent strengthening of the yen would affect the BOJ’s policy decision because it reduces upward pressure on […]
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What are the economics of war?
More countries are boosting their defense industries, calling for a shift to “war economy mode.” But what exactly is a war economy? Last March, Thierry Breton, the EU’s commissioner for internal market, advocated for a shift of the European defense industry toward a war economy. Europe is facing an “existential threat,” he said, as the […]
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SunPower files for bankruptcy, plans to sell off assets — stock drops more than 40%
Workers install solar panels during a SunPower installation on a home in Napa, California, on July 17, 2023. David Paul Morris | Bloomberg | Getty Images The rooftop solar installer SunPower has filed for bankruptcy, after struggling for months in the face of high interest rates and allegations of misconduct in its reporting practices. SunPower […]
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Consumer giants from Starbucks to General Mills have one big sales problem: China
Pictured here is a McDonald’s store in Yichang, Hubei province, China, on July 30, 2024. Nurphoto | Nurphoto | Getty Images BEIJING — A theme emerging in the latest slew of U.S. companies’ earnings reports is a drag from the China market. The Chinese economy — home to more than four times the population of […]
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Macquarie names 10 ‘highest conviction’ Asia stocks that have ‘borne the brunt’ of recent sell-off
Macquarie named its 10 “highest conviction” stocks that it believes present buying opportunities for investors amid the current market volatility and sharp sell-off across global markets. The Australian investment bank’s analysis comes as markets grapple with concerns over a potential U.S. recession and the unwinding of the Japanese yen carry trade. In response, Japan’s stock […]
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The world’s top 150 insurtech companies: 2024
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Airbnb shares drop 14% on earnings miss as company warns of slowing U.S. demand
Airbnb CEO and co-founder Brian Chesky speaks at The Fast Company Innovation Festival on September 21, 2022, in New York. Eugene Gologursky | Getty Images Entertainment | Getty Images Airbnb shares dropped 14% in after-hours trading after the company reported second-quarter earnings that missed analyst expectations and warned that it’s seeing signs of slowing demand […]
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Super Micro announces 10 for 1 stock split
Sopa Images | Lightrocket | Getty Images Server company Super Micro Computer on Tuesday announced a 10-for-1 stock split and issued upbeat guidance for the first quarter. Here’s how the company did vs. LSEG estimates for the quarter that ended in June: Earnings: $6.25 adjusted vs. $8.07 expected Revenue: $5.31 billion vs. $5.30 billion expected […]
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U.S. crude oil rises as Wall Street rallies, market braces for expected Iran attack against Israel
U.S. crude oil rose above $73 a barrel on Tuesday as the market braces for an attack by Iran against Israel and Wall Street rallies after the sell-off in the previous session. West Texas Intermediate closed at a six-month low on Monday after equity markets sold off on fears that the U.S. economy might tip […]
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Where BlackRock’s Rick Rieder sees income opportunity amid the market volatility
As investors search for income amid the market volatility, high-yield bonds are an attractive place to be, according to BlackRock’s Rick Rieder. Stocks bounced back Tuesday after suffering steep losses in the prior session that led the S & P 500 and the Dow Jones Industrial Average to their worst performances since 2022. Treasury yields […]
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