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Economy
478 posts
Asian markets battle to recover from tech rout after US data
Asian traders struggled to fight back Friday after a tech-fuelled sell-off, taking heart from forecast-beating US growth data that reassured that the economy was still in rude health, but did not dent hopes for an interest rate cut. The positive performance came despite more losses on Wall Street, where the so-called “Magnificent Seven” heavyweights —
Amid tensions with China, some US states are purging Chinese companies from their investments
Some U.S. states are scrapping investments in Chinese companies amid tensions between countries with the world’s largest economies Amid tensions with China, some US states are purging Chinese companies from their investmentsBy DAVID A. LIEBAssociated PressThe Associated PressJEFFERSON CITY, Mo. JEFFERSON CITY, Mo. (AP) — As state treasurer, Vivek Malek pushed Missouri’s main retirement system
TSMC leads chipmaker plunge as trade resumes after typhoon pause
Taiwanese giant TSMC tumbled with several other leading chip makers Friday as traders returned from a typhoon-imposed two-day break to play catch-up with a global tech rout. Equities across the world tumbled after disappointing earnings from “Magnificent Seven” titans Alphabet and Tesla fuelled worries about the tech sector, which has driven a surge in markets
Venezuelan voters face crucial choice: Reelect Maduro or give opposition a chance after 25 years
Venezuelans have a crucial decision ahead of them Venezuelan voters face crucial choice: Reelect Maduro or give opposition a chance after 25 yearsBy REGINA GARCIA CANOAssociated PressThe Associated PressCARACAS, Venezuela CARACAS, Venezuela (AP) — The future of Venezuela is on the line. Voters will decide Sunday whether to reelect President Nicolas Maduro, whose 11 years
EXCLUSIVEAmber Rose reveals which of her very famous exes encouraged her to endorse Trump and dishes the dirt on the ‘white men in suits’ at the Republican National Convention
Amber Rose, the model and actress who was likely the Republican National Convention's most unconventional speaker, explained who gave her the push to out herself as a Donald Trump fan. Rose sat down for a taping of conservative commentator Candace Owens' YouTube show, which will be released in full on Friday. In clips obtained by
Nigeria’s army, security agency warn against Kenya-style protests
President Bola Ahmed Tinubu and Nigeria’s armed forces on Thursday warned against Kenya-style violence in protests planned for next week over soaring living costs, with the military saying it would head off “anarchy”. Kenya was rocked by deadly protests that forced the government to repeal new taxes. Nigeria’s economic reforms have seen a 40 percent
The REAL reason that Pret’s coffee subscription was the biggest business disaster on the High Street (and it wasn’t just that it was costing them pots of cash)
The world is full of injustices, but none apparently quite so bitter as the decision by sandwich chain Pret A Manger to water down its 'coffee subscription' service. Nearly four years after the scheme was launched, instead of a £30 monthly fee allowing them up to five free drinks a day, subscribers to Club Pret
Breitbart Business Digest: Growth and Inflation Are Too Hot for the Fed to Cut in September
Economic Growth Rips Higher Than Expected Economic growth picked up more than expected in the spring, not only undermining the case for rate cuts but also raising the possibility that the Federal Reserve still has not done enough to cool the economy off to bring inflation down to its two percent target. The Bureau of
Antony Blinken Begins ‘Farewell Trip’ to Asia
Secretary of State Antony Blinken is scheduled to depart for a six-country tour of Asia on Thursday, an excursion China’s state-run Global Times snidely described as a “farewell trip,” as the administration of President Joe Biden slides into “garbage time.” The use of “garbage time” to describe the current status of the Biden administration is
More Than a Third of Americans Have Second Jobs: ‘It’s Been Tough for Sure’
Millions of Americans are working for the weekend—the one that never comes. Matthew Kallish, 45, of Oak Ridge, New Jersey, labors up to 50 hours weekly as a U.S. Postal Service (USPS) rural carrier associate, starting shifts at 7:30 a.m. that last until his route gets fully served, sometimes as many as six days each