Overseas retailers have raised prices for goods ranging from lipstick, shoes and clothes to Nintendo games in response to the United States’ sweeping tariffs on its global trading partners, but a Hong Kong lawmaker has said products imported from mainland China remain unscathed so far. The move by overseas retailers followed an executive order signed…
“The stock market is not the economy” is a common refrain. The thinking goes that while losses in the stock market may hurt Wall Street investors, Main Street is the real backbone of the economy. While that may be true, stocks are an important psychological lever and there is a threshold for losses, beyond which…
Stocks took a hit today, and it doesnt look like things will be calming down anytime soon. The Dow Jones Industrial Average (DIA) dropped 1%, while the S&P 500 (SPY) and Nasdaq Composite (NASDAQ:QQQ) fell by 1.14% and 1.56%, respectively at 10.25am today. Consumer sentiment is sliding, with the University of Michigans latest survey showing…
LITTLE ROCK (KATV) — The Federal Reserve is keeping interest rates unchanged. Analysts say today’s decision shows the central bank is waiting to see how the Trump Administration’s policy changes will shape the U.S. economy. Before this announcement, numbers put out by the Organisation for Economic Co-operation and Development on Monday provided a dim outlook…
China published a new action plan last Sunday aimed at boosting consumer spending, and the immediate question for many observers was whether this “spend, spend, spend” initiative will be effective this time around. Historically, China has pursued strategies to stimulate domestic spending since the late 1990s, when the country began producing more goods than it…
BEIJING, March 17 — China’s retail sales growth quickened in January-February in a welcome sign for policymakers’ efforts to boost domestic consumption even as joblessness rose and factory output eased, underscoring the strains on an economy facing fresh US tariff pressure. Policymakers have put expanding domestic demand as the top priority this year as they…
By STAN CHOE AP Business Writer Wall Street rallies to its best day in months, but that’s not enough to salvage its losing week Updated: 4:17 PM EDT Mar 14, 2025 OTHER POLICIES MADE BY PRESIDENT DONALD TRUMP HAVE CAUSED SOME UNCERTAINTY AND FEAR FOR THE STOCK MARKET. SO HERE TO TALK ABOUT IT IS…
BANGKOK (AP) — Asian markets advanced Friday, shrugging off another decline on Wall Street, with markets in China gaining after state-run banks and other financial institutions were ordered to do more to help spur more consumer spending. U.S. futures and oil prices advanced. Hong Kong’s benchmark jumped 2.5% to 24,038.85, while the Shanghai Composite index…
About the show: INSIGHT is a one hour long hard current affairs programme that aims to open the minds of viewers to the political, social and economic realities facing today’s societies. Every week, a team of producers will bring forward compelling arguments, impartial analysis and penetrating insights into topical issues of the day. What’s on…
(Bloomberg) — Wall Street traders this week were hit by the biggest cross-asset losses since the Federal Reserve’s monetary-tightening campaign peaked in 2023. Blame tariffs, softening growth, a potentially revitalized Europe, and more. Most Read from Bloomberg Bulls, with their brokerage balances shrinking, hope it turns around. Also eyeing the turmoil warily is a small…