business news
Global government debt set to soar to record $71 trillion this year, new research says
People wearing protective face masks wait at a bus stop with a display of the current national debt amid the coronavirus disease (COVID-19) pandemic in Washington, January 31, 2022. Sarah Silbiger | Reuters LONDON — Global sovereign debt is expected to climb by 9.5% to a record $71.6 trillion in 2022, according to a new […]
Read More
China’s long weekend tourism spend plunges to 39.2% of pre-pandemic levels
Shanghai and other parts of China remained in lockdown or subject to travel restrictions during a long holiday weekend in early April, sending an official count of tourism revenue plunging to just over a third of what it was prior to the pandemic. Hector Retamal | Afp | Getty Images BEIJING — As mainland China […]
Read More
Sri Lanka’s crisis follows similar pattern as Arab Spring, say analysts
Thousands of Sri Lankans took to the streets on Monday calling for the ouster of Sri Lankan President Gotabaya Rajapaksa seen here on November 1, 2021 in Glasgow, United Kingdom. Andy Buchanan | Pool | Getty Images “Gotta go, Gotabaya,” chanted thousands of people who came out on the streets of Sri Lanka to demand the […]
Read More
China’s services sector activity squeezed by omicron surge
Customers eating at a restaurant in China on 26 March 2022. Activity in China’s services sector contracted at the steepest pace in two years in March as the local surge in coronavirus cases restricted mobility and weighed on client demand, a private sector survey showed on Wednesday. Zhang Peng | Lightrocket | Getty Images Activity […]
Read More
Credit Suisse picks Chinese ‘little giant’ stocks, says the start-ups are a growing force
Credit Suisse has picked 32 small- and medium-sized firms that China has called “little giants” in its plan to boost thousands of start-ups in the country. Source
Read More
Japan’s central bank will be ‘alarmed’ if yen crosses 130 per dollar, says ex-vice minister
The Bank of Japan will be “alarmed” if the yen weakens beyond 130 per dollar, according to Japan’s former vice minister of finance for international affairs, Eisuke Sakakibara. The yen was trading at 123.77 per U.S. dollar on Wednesday morning Asia. The Japanese currency fell more than 5% against the greenback in March, despite the […]
Read More
Green hydrogen looks attractive right now, Bernstein says. Here are its top stock picks
Bernstein names its top stocks to cash in on green hydrogen — and gives one potential upside of over 90%. Source
Read More
Ivanka Trump ends 8 hours of testimony to House committee investigating Jan. 6 Capitol riot
Ivanka Trump testified for around eight hours Tuesday to the select House committee investigating the Jan. 6 Capitol riot that began after her father, former President Donald Trump, spent weeks falsely claiming he was being deprived of a second White House term because of widespread ballot fraud. Ivanka’s testimony, which was conducted via a remote […]
Read More
These four apartment REITs could be good opportunities for investors to cash in on skyrocketing rent prices, Jim Cramer says
CNBC’s Jim Cramer on Tuesday offered a list of apartment real estate investment trusts whose stock investors should consider buying to take advantage of soaring rent prices. “Since higher rents are only good news for landlords, why not just buy a landlord, or at least a piece of a publicly traded landlord? Don’t just be […]
Read More
Cramer’s lightning round: Fisker is the ultimate speculative stock
“Mad Money” host Jim Cramer rings the lightning round bell, which means he’s giving his answers to callers’ stock questions at rapid speed. Source
Read More