Saudi Aramco's profits blow Exxon out of the water
Strain on the country's real estate sector, which accounts for as much as 30% of China's economic output, is also a concern. Property investment by developers contracted 6.4% in the first seven months of this year, and new home prices in 70 major cities dipped for an 11th consecutive month in July. Meanwhile, extreme heat and severe flooding is disrupting food production and feeding inflation, according to an NBS spokesperson. Investor insight: Chinese stock markets dropped on Monda...
Saudi Aramco's profits blow Exxon out of the water
Strain on the country's real estate sector, which accounts for as much as 30% of China's economic output, is also a concern. Property investment by developers contracted 6.4% in the first seven months of this year, and new home prices in 70 major cities dipped for an 11th consecutive month in July. Meanwhile, extreme heat and severe flooding is disrupting food production and feeding inflation, according to an NBS spokesperson. Investor insight: Chinese stock markets dropped on Monda...
Neither inflation nor a global pandemic can
Neither inflation nor a global pandemic can stop the gig economy, it seems. In fact, we're Uber-ing and Airbnb-ing more than ever in 2022, defying predictions that the sharing economy would collapse in the era of Covid. Here's the deal: It's the summer of sharing ... and side hustling. Got a thing that you own? There's probably a market for people who'll pay to borrow it. Your house, car, your boat, even your swimming pool can become a lucrative asset if you're w...
Neither inflation nor a global pandemic can
Neither inflation nor a global pandemic can stop the gig economy, it seems. In fact, we're Uber-ing and Airbnb-ing more than ever in 2022, defying predictions that the sharing economy would collapse in the era of Covid. Here's the deal: It's the summer of sharing ... and side hustling. Got a thing that you own? There's probably a market for people who'll pay to borrow it. Your house, car, your boat, even your swimming pool can become a lucrative asset if you're w...
hard to say, but hopefully by September the
The last week of July came with an overwhelming confluence of economic data, earnings reports, Federal Reserve announcements and spending deals in Congress. The impact of these past seven days will reverberate for the next several weeks around the abandoned halls of Wall Street and Washington DC as politicos and investors retreat to the Hamptons or Martha's Vineyard or wherever they summer. * Are we in a recession? It's hard to say, but hopefully by September the knowledge we gleane...
hard to say, but hopefully by September the
The last week of July came with an overwhelming confluence of economic data, earnings reports, Federal Reserve announcements and spending deals in Congress. The impact of these past seven days will reverberate for the next several weeks around the abandoned halls of Wall Street and Washington DC as politicos and investors retreat to the Hamptons or Martha's Vineyard or wherever they summer. * Are we in a recession? It's hard to say, but hopefully by September the knowledge we gleane...
The data shows that people are really f
The data shows that people are really falling behind, said Jason Furman, an economics professor at Harvard University and former chair of the Council of Economic Advisers in the Obama administration. "And they're falling behind, not because wage growth is slowing, but because price growth is so high," Furman said. "And that's a worrisome sign for the future." * The super-tight labor market during the Covid-19 pandemic has forced employers to increase their compensation to fill open ...
The data shows that people are really f
The data shows that people are really falling behind, said Jason Furman, an economics professor at Harvard University and former chair of the Council of Economic Advisers in the Obama administration. "And they're falling behind, not because wage growth is slowing, but because price growth is so high," Furman said. "And that's a worrisome sign for the future." * The super-tight labor market during the Covid-19 pandemic has forced employers to increase their compensation to fill open ...
The stock touched a low below 5 francs i
The stock touched a low below 5 francs in mid-July, and its market capitalization has fallen below 14 billion Swiss francs, Refinitiv data showed. The shares were little changed Wednesday. * Credit Suisse "will need time to solve its issues and regain the trust of all stakeholders over the next years," analyst Andreas Venditti at Vontobel wrote in a client note. He said the investment bank review was the right focus for Koerner. On Wednesday, the bank reported a 1.59 billion Swiss franc ($1.6...
The stock touched a low below 5 francs i
The stock touched a low below 5 francs in mid-July, and its market capitalization has fallen below 14 billion Swiss francs, Refinitiv data showed. The shares were little changed Wednesday. * Credit Suisse "will need time to solve its issues and regain the trust of all stakeholders over the next years," analyst Andreas Venditti at Vontobel wrote in a client note. He said the investment bank review was the right focus for Koerner. On Wednesday, the bank reported a 1.59 billion Swiss franc ($1.6...
