Chinese President Xi Jinping attends a session during the G20 summit on the Indonesian resort island of Bali on November 16, 2022. Willy Kurniawan | AFP | Getty Images BEIJING — A month after consolidating power at home, Chinese President Xi Jinping has stepped out onto the world stage to strengthen relations with the United … Read more
The G7, the EU and Australia put in place a cap on Russian oil prices on December 5. Market players doubt the effectiveness of the measure. Bloomberg | Bloomberg | Getty Images BRUSSELS – A price cap on Russian maritime oil will work, EU ministers tell CNBC, despite attempts by the Kremlin to evade sanctions … Read more
Pictured are residents of the metro in Zhengzhou city, Henan province, on December 5, 2022, after the municipality said negative nucleic acid test results were no longer required to ride public transport in common. CGV | Visual Group China | Getty Images BEIJING — China’s Covid lockdowns are having a lesser impact on the economy … Read more
James Harden of the Philadelphia 76ers looks for a pass against the Toronto Raptors in Game 5 of the Eastern Conference First Round on April 25, 2022. Tim Nwachukwu | Getty Images For NBA player James Harden, building financial literacy in young adults is personal. Harden, a point guard and shooter who recently signed a … Read more
Reserve Bank of Australia says further hikes expected, but not on a fixed path Australia’s central bank said it planned to continue raising interest rates, but was “not on a predefined path”, according to Governor Philip Lowe’s statement. The council monitors factors such as the global economy and household spending in the country, Lowe said. … Read more
Ford F-150 Lightning trucks manufactured at the Rouge Electric Vehicle Center in Dearborn, Michigan. Courtesy of Ford Motor Co. DETROIT – Approximately 65% of Ford Motors Dealerships have agreed to sell electric vehicles as the company invests billions to expand production and sales of battery-powered cars and trucks, CEO Jim Farley said Monday. About 1,920 … Read more
CNBC’s Jim Cramer listed four reasons why the Federal Reserve can’t stop tightening the economy just yet. Not enough people are re-entering the labor market. This makes it harder for the Fed to eradicate wage inflation. There is a gap between job offers and job seekers. While many engineers are needed to implement the measures … Read more
Stock futures traded lightly late Monday as investors tried to shake off the previous session’s selloff. Dow Jones Industrial Average futures added 35 points, or 0.1%. S&P 500 and Nasdaq-100 futures both gained 0.1%. Monday’s close marked a negative start to the trading week. The Nasdaq Composite led the charge lower, shedding 1.93% to end … Read more
Stock futures are trading nearly flat on Monday night as investors tried to shake off the previous session’s selloff. Dow Jones Industrial Average futures added 52 points, or 0.1%. S&P 500 and Nasdaq-100 futures both gained 0.1%. Monday’s close marked a negative start to the trading week. The Nasdaq Composite led the charge lower, shedding … Read more