A man rides his bicycle past monitors showing Japan’s Nikkei 225 index at a securities firm in Tokyo, Friday. Asian stock markets followed Wall Street higher on Friday after encouraging US jobs…
Category: Business
South Korea inflation, China reopening
Week ahead: Asia-Pacific PMIs, trade data, inflation readings Key economic events in the Asia-Pacific next week will be dominated by purchasing managers’ index readings in the region. China’s National Bureau of Statistics…
Stock Market Rally Attempt Begins; Tesla Jumps Amid EV Credit Guidelines
Dow Jones futures edged lower after hours, along with S&P 500 futures and Nasdaq futures, after the last trading day of 2022. Tesla ( TSLA ) continues to bounce. X But the…
Home research fails FDA, Biogen for Alzheimer’s drug approval
Comment on this story Comment The biotechnology company Biogen and its regulator, the Food and Drug Administration, worked in concert, ignoring the company’s internal concerns and bypassing the agency’s own written guidance,…
Here’s what could tip the world economy into recession in 2023
London CNN – The world economy has had a tough year, with decade-high inflation dragging down post-lockdown spending and pushing central banks to raise borrowing costs at an unprecedented clip to bring…
How China reopens sooner than expected could affect supply chains
A traveler wearing protective gear at Shanghai Hongqiao Railway Station in Shanghai, China, on Monday, December 12, 2022. Photographer: Qilai Shen/Bloomberg via Getty Images Bloomberg | Bloomberg | Getty Images The reopening…
Singapore to raise goods and services tax in January
Singapore’s Goods and Services Tax will be increased to 8% in January 2023. Ore Huiying | Bloomberg | Getty Images Come January 1, Singapore will increase its goods and services tax, otherwise…
Exxon sues EU in move to block new windfall tax on oil companies
ExxonMobil is suing the EU in a bid to force it to scrap the bloc’s new windfall tax on oil groups, arguing that Brussels overstepped its legal authority by imposing the levy….
Dow Jones Rises After Weak Housing Data; Tesla Stock Hits New Low Amid Historic Plunge
The Dow Jones Industrial Average rose after economic data on Wednesday, with another housing report and a Fed manufacturing index out. Tesla shares hit another new low before rebounding sharply, looking to…
The 2023 recession could be avoided if wage growth slows
Strong wage growth is usually a good thing for workers and a good thing for the economy. Now? Not so much. Average wage increases are near their highest level in decades, fueling…
Sam Bankman-Fried meets with The Big Short author Michael Lewis while on house arrest
Writer Michael Lewis, whose bestseller The Big Short was adapted into a Hollywood blockbuster, reportedly met disgraced FTX founder Sam Bankman-Fried in the past few days at the California home where he…
Dow Jones Rises, But Tesla, Moderna Lead Growth Sell-Off; 5 Stocks Near Buy Points
Dow Jones futures were little changed after hours, along with S&P 500 futures and Nasdaq futures. X The stock market rally showed divergent action on Tuesday, with the Dow rallying, the Nasdaq…
Billion-dollar company founders from India share tips for success
Harsh Jain says it’s an “open secret” that he doesn’t use his own fantasy sports app — at least for fantasy football. “I’m still committed to fantasy football on Fantasy Premier League,…
Caroline Ellison and Gary Wang turn on Sam Bankman-Fried
New York CNN – The stunning collapse of one of crypto’s most prominent companies has quickly turned into a legal battle pitting former executives and ex-romantic partners against each other. Last week,…
2022 Lexus NX450h+ is great plug-in hybrid before you go all EV
Photo: Lawrence Hodge Plug-in hybrids are a great compromise for people who still want the convenience of a gas car but want to experience the benefits of electrification. Most PHEVs have enough…
Beware of the ‘pig butchering’ crypto scam sweeping America
New York CNN – The FBI says America has a “pig butchering” problem. And it costs victims millions of dollars. “We don’t talk about what happens at farms,” said Frank Fisher, public…
Macro hedge funds toast blowout year that peers like to forget
Hedge funds trading bonds and currencies are on track for their best year since the global financial crisis, boosted by steep interest rate hikes that have inflicted heavy losses on equity specialists…
Dow Jones Futures: Market Rally Not Yet Finished; Tesla Shanghai production stopped
Dow Jones futures will open Monday evening, along with S&P 500 futures and Nasdaq futures, after the long Christmas weekend. Tesla Shanghai stopped production while China rival Nine (NIO) unveiled new models….
Is Starbucks, McDonald’s, Wendy’s and more open?
If you need coffee before opening presents on Christmas morning or finding something to eat for the holiday dinner, your options will be severely limited on Sunday. Most restaurants and fast food…
Everything we know about post-Christmas sales – plus 50 incredible deals to shop now
Here’s your cheat sheet for navigating the best post-Christmas sales! (Photo: Amazon/Dyson) Still exhausted from all that shopping on Black Friday and Cyber Monday? Believe it or not, the time to grab…