Breaking News: Economy
Some Chinese companies eye Singapore listings to expand markets amid trade war
A general view shows the Singapore Exchange (SGX) stock exchange building in the central business district in Singapore on April 7, 2020, as the country ordered the closure of all businesses deemed non-essential as well as schools to combat the spread of the COVID-19 novel coronavirus. ROSLAN RAHMAN | AFP via Getty Images At least […]
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China slaps anti-dumping duties on plastics from US, EU, Japan, Taiwan
Unrecognizable worker at the recycling factory holding a bunch of plastic granules Rgstudio | E+ | Getty Images China on Sunday announced anti-dumping duties as high as 74.9% on imports of POM copolymers, a type of engineering plastic, from the United States, the European Union, Japan and Taiwan. The commerce ministry’s findings conclude a probe […]
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Wealthy shoppers are splashing the cash on jewelry — so long as it’s the right brand
A shopper passes a jewelry display in the window of a Van Cleef & Arpels luxury goods store, operated by Cie. Richemont SA, on via Montenapoleone in Milan, Italy. Bloomberg | Getty Images With a diamond encrusted ring here and a rare gemstone necklace there, the world’s wealthiest are continuing to adorn themselves with the […]
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Federal Reserve will reduce staff by 10% in coming years, Powell memo says
U.S. Federal Reserve Chair Jerome Powell departs after holding a press conference following a two-day meeting of the Federal Open Market Committee on interest rate policy in Washington, D.C., U.S., May 7, 2025. Kevin Lamarque | Reuters The Federal Reserve will look to reduce its headcount by 10% over the next couple of years, including […]
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Stocks making the biggest moves midday: Applied Materials, Novo Nordisk, Cava, Vistra and more
Check out the companies making headlines in midday trading. Applied Materials — Shares of the semiconductor manufacturer dropped 6% after Applied Materials posted disappointing fiscal second-quarter revenue. The company’s revenue of $7.10 billion was below the LSEG consensus of $7.13 billion. Semiconductor revenue of $5.26 billion also disappointed the $5.31 billion analysts were looking for. […]
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Consumer sentiment slides to second lowest on record as inflation expectations jump after tariffs
A woman walks in an aisle of a Walmart supermarket in Houston, Texas, on May 15, 2025. Ronaldo Schemidt | Afp | Getty Images U.S. consumers are becoming increasingly worried that tariffs will lead to higher inflation, according to a University of Michigan survey released Friday. The index of consumer sentiment dropped to 50.8, down […]
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Walmart’s former U.S. CEO Bill Simon thinks retailer can easily absorb tariff costs, criticizes its ‘doom and gloom’ commentary
Fast Money Walmart’s former U.S. CEO Bill Simon thinks retailer can easily absorb tariff costs, criticizes its ‘doom and gloom’ commentary Published Thu, May 15 20257:47 PM EDTUpdated 37 Min Ago Stephanie Landsman@stephlandsman WATCH LIVE Source
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China keeps hold on rare earth metals after lifting some U.S. export curbs
U.S. Secretary of the Treasury Scott Bessent shakes hands with Chinese Vice Premier He Lifeng during the bilateral meeting between the U.S. and China, in Geneva, Switzerland, on May 11, 2025. Keystone/eda/martial Trezzini | Via Reuters China has temporarily paused export restrictions targeting 28 American companies on the heels of the trade truce Beijing reached […]
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Fed’s Powell cautions about higher long-term rates as ‘supply shocks’ provide policy challenges
Key Points Fed Chair Jerome Powell said Thursday that longer-term interest rates are likely to be higher as the economy changes and policy is in flux. “We may be entering a period of more frequent, and potentially more persistent, supply shocks — a difficult challenge for the economy and for central banks,” the central bank […]
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Stocks making the biggest moves premarket: Walmart, Dick’s Sporting Goods, UnitedHealth, Alibaba and more
Check out the companies making headlines before the bell. Walmart – The discount retailer reported better-than-expected earnings , but shares were slightly lower in the premarket. Walmart posted an adjusted profit of 61 cents per share, beating an LSEG estimate of 58 per share. Revenue of $165.61 billion was about in line with the consensus […]
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