egetable prices in China have risen significantly this summer, with analysts pointing to high temperatures and frequent rainfall as the main reasons. Vcg | Visual China Group | Getty Images BEIJING — China on Monday reported the consumer price index rose 0.6% year on year. The consumer price index was forecast to have climbed 0.7% […]
George Kinder Kinder Institute George Kinder wants everyone to be free. At first blush, that concept of personal fulfillment or enlightenment may seem better suited to the realms of religion or spirituality than personal finance. But Kinder, who’s recognized as the father of the “life planning” branch of financial advice, has preached the interconnection of […]
As the summer holidays end, investors in China are coming to accept that consumption and growth will remain sluggish for a while. JPMorgan on Wednesday was the latest firm to downgrade its opinion on Chinese stocks to neutral from overweight, “due to a challenging outlook,” a team led by emerging markets equity strategist Pedro Martins […]
Exchange-traded fund inflows have already topped monthly records in 2024, and managers think inflows could see an impact from the money market fund boom before year-end. “With that $6 trillion plus parked in money market funds, I do think that is really the biggest wild card for the remainder of the year,” Nate Geraci, president […]
Big banks are jumping headfirst into the AI race. Over the past year, Wall Street’s largest names — including Goldman Sachs , Bank of America , Morgan Stanley , Wells Fargo to JPMorgan Chase — ramped up their generative artificial intelligence efforts with the aim of boosting profits. Some are striking deals and partnerships to […]
A “Now Hiring” sign is seen at a FedEx location on Broadway on June 07, 2024 in New York City. Michael M. Santiago | Getty Images The U.S. job market is cooling at a worrisome rate but not to an extent that warrants panic — at least, not yet, according to economists. Their concern lies […]
Check out the companies making headlines in midday trading: Nio — U.S. shares of the Chinese electric vehicle maker popped 2% after a JPMorgan upgrade to overweight from neutral. The firm said Nio could be in for a recovery rally after a tough year so far. Super Micro Computer — Shares shed 6% after JPMorgan […]
Check out the companies making headlines before the bell. Bowlero – Shares gained more than 12% after the bowling alley chain’s revenue for the fiscal fourth quarter revenue topped Wall Street’s expectations. Revenue for the period came in at $283.9 million. According to FactSet, analysts had expected $273.4 million. The higher end of the company’s […]
Yi Gang was governor of the People’s Bank of China from 2018 to 2023. He is pictured here speaking at the Peterson Institute for International Economics in Washington, DC, US, on Saturday, April 15, 2023. Bloomberg | Bloomberg | Getty Images SHANGHAI — China’s policymakers need to focus on boosting domestic demand, Yi Gang, former […]
Customers exit a 7-Eleven convenience store, operated by Seven & i Holdings Co., in Kobe, Japan, on Friday, Aug. 30, 2024. Alimentation Couche-Tard Inc. had made a preliminary non-binding proposal to buy Seven & i, which operates more than 85,000 stores across the globe, and the deal would be the biggest-ever foreign takeover of a […]