(Bloomberg) — Chinese financial markets are flashing warning signs that another round of Covid shutdowns could create more turmoil for the economy. Most Read from Bloomberg The Hang Seng China E...
Tag: Economy
Justin Sun Looks to Revamp Global Economy Using Blockchain
As Grenada’s Ambassador, Sun plans to utilize his expertise in blockchain technology to digitize Grenada’s trade, investment, and governance procedures according to the government of Grenada’s objecti...
Gap, Peloton, Boeing, American Airlines, Twitter and more
A Gap store in New York, August 2, 2020. Scott Mlyn | CNBC Check out the companies making headlines in midday trading. Gap — Shares of the apparel retailer dropped more than 3% after Gap announced Mon...
Here’s what that means for travelers
A customer reaches down to pick up a bottle of water from a street vendor in Paris on June 17, 2022. Stefano Rellandini | Afp | Getty Images The value of the euro relative to the U.S. dollar has sunk ...
PepsiCo, Gap, Peloton and others
Check out the companies making headlines before the bell: PepsiCo (PEP) – The beverage and snack giant reported an adjusted quarterly profit of $1.86 per share, 12 cents above estimates, and revenue t...
Stock futures decline as investors gird for start of 2Q earnings
Traders on the floor of the NYSE, June 27, 2022. Source: NYSE U.S. stock futures fell early on Tuesday as Wall Street looks ahead to what many expect will be the start of a volatile second quarter ear...
Rebase token economy drops to $577 million from $8 billion
Rebase tokens, the highest tokens by market capitalization, have lost more than 92% of their value since peaking at $8.03 billion seven months ago, falling to just $577 million. When the bull run bega...
Strong Job Market Keeping Economy Safe For Now, Goldman Says
Topline Economists at Goldman Sachs on Monday doubled down on their belief that the economy will avoid a recession this year thanks to the strength of the labor market, which has shown signs of slowin...
Rebase Token Economy Dropped From $8 Billion to $577 Million in 7 Months – Markets and Prices Bitcoin News
Seven months ago, the top rebase crypto tokens by market capitalization were collectively worth $8.03 billion and since then, the entire rebase token economy has lost more than 92%, dropping to $577 m...
Klarna valuation plunges 85% as ‘buy now, pay later’ hype fades
Currently, most buy now, pay later services don’t impact a person’s credit score. That’s now set to change in the U.K. Jakub Porzycki | NurPhoto | Getty Images Klarna saw its valuati...
Stablecoins current form not fit to be used in the real economy: ECB
According to the latest findings explained in a detailed report, ECB says that Stablecoins are not suitable for usage in the actual economy and are not effective as a form of payment. Research by the ...
Redefining The Gig-Based Economy With Blockchain Technology And Cryptocurrencies
Just like the era of fractionalization has seen office sharing, ridesharing, and even apartment sharing arrive on the scene, it has also transformed work and employment opportunities, setting the stag...
This type of ETF is seeing near-record inflows and pays dividends
It’s a type of ETF seeing near-record inflows. New data shows dividend exchange-traded funds totaled almost $50 billion in fresh money in the first half of 2022, according to Todd Rosenbluth of ...
Costco is dominating retail as economy slows
While the rest of retail begins cracking under the weight of consumers pulling back, Costco is proving to be the shining light in the current storm. Pros say Costco is gaining market share right now a...
Involuntary part-time worker numbers dip to lowest level in 21 years
Momo Productions | Digitalvision | Getty Images The number of Americans who want to work full-time but are forced to work part-time jobs declined in June to its lowest in more than 20 years, according...
Upstart, WD-40, Vita Coco and more
The Twitter logo and trading information is displayed as a trader works on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., May 3, 2022. Brendan Mcdermid | Reuters Check out the...
Levi Strauss, GameStop, Twitter and more
Check out the companies making headlines before the bell: Levi Strauss (LEVI) – Levi Strauss rallied 3.9% in the premarket after reporting better-than-expected sales and profit for its latest quarter,...
U.S economy added 372,000 jobs in June: ‘no sign of a recession’
S&P 500 is in the green on Friday after the Bureau of Labour Statistics said the U.S. economy added 372,000 jobs in June versus 250,000 expected. Jason Furman reacts to the jobs report At 3.60% (i...
Lower Valuations, Shut-Downs, Investment Pause. What’s A Founder To Do? Eight Investors Weigh In
Altitude Accelerator Mohammad Hussain This article was written in collaboration with Taylor McAuliffe, Researcher and Writer from Altitude Accelerator, a non-profit innovation hub and business incubat...
Stocks Fall After U.S. Economy Adds Back 372,000 Jobs In June
Topline The stock market opened slightly lower on Friday despite solid gains earlier this week, as investors assessed a stronger-than-expected jobs report amid ongoing fears that the Federal Reserve’s...
Recession Risks To Supply, Short Energy Markets Are Overstated
An oil rig south of Taft, California extracts crude. (Photo by David McNew/Getty Images) Getty Images Commodities have taken a pounding in recent days on growing fears of a global recession and demand...
Fed officials Waller and Bullard back another big interest rate increase in July
The Marriner S. Eccles Federal Reserve Board Building in Washington, D.C. Sarah Silbiger | Reuters The Federal Reserve is well on its way to another sharp interest rate hike in July and perhaps Septem...
States spend billions on EVs to replace automotive capital Michigan
For as long as there has been an auto industry, Michigan has been its epicenter. But now, the industry is making clear that it is not bound by tradition. The move to electric vehicles — rapidly accele...
GameStop, Seagen, Virgin Galactic and more
Check out the companies making headlines before the bell: GameStop (GME) – GameStop rallied 7.8% in the premarket after the videogame retailer declared a 4-for-1 stock split. Trading on a split-adjust...
U.S. Federal Panel Claims Cryptocurrencies Can Boost The Economy, Will It Result In Bullish Trend?
The talks to allow digital currencies to exist in U.S. economy are underway. The suggestion is to achieve this by linking cryptocurrencies to the U.S. dollar. This contemplation took place on Tuesday ...
Clashing market forces could lead to a stagnant economy, Cramer says
CNBC’s Jim Cramer on Wednesday said that the clashing forces roiling the market could lead to stagnation, which could then turn into an economic reacceleration that causes stocks to go higher. &...
Stock futures are little changed following third straight day of gains for S&P 500
Traders on the floor of the NYSE, June 16, 2022. Source: NYSE U.S. stock futures were little changed on Wednesday night as investors digested the most recent meeting minutes from the Federal Reserve. ...
GameStop jumps in extended trading after announcing 4-for-1 stock split
A screen displays the logo and trading information for GameStop on the floor of the New York Stock Exchange (NYSE) March 29, 2022. Brendan McDermid | Reuters Shares of GameStop jumped more than 8% in ...
Hot job market and Great Resignation persist despite recession threat
Mixetto | E+ | Getty Images Workers are still reaping the benefits of a hot labor market characterized by few layoffs, ample job openings and a high level of voluntary departures, according to U.S. De...
Uber, DoorDash, Coinbase and more
Uber Eats delivery Jonathan Raa | NurPhoto via Getty Images Check out the companies making headlines in midday trading. Uber, DoorDash – Shares of Uber slumped 4.3% and DoorDash fell 7.4% on news that...
‘More restrictive’ policy likely if inflation fails to come down
Federal Reserve officials in June emphasized the need to fight inflation even if it meant slowing an economy that already appears on the brink of a recession, according to meeting minutes released Wed...
Collective Net Worth Of The Nation’s Tycoons Drops As A Sluggish Economy Bites
No. 1 Dhanin Chearavanont, senior chairman, Charoen Pokphand group. ANTHONY KWAN/BLOOMBERG This story is part of Forbes’ coverage of Thailand’s Richest 2022. See the full list here. Tourism, Tha...