Apple shareholders and investors betting on a Federal Reserve rate cut have received good news lately. The week ahead offers tests to both camps. Fresh off Friday’s soft jobs report, the other side of the Fed’s dual mandate of maximum employment and price stability will take center stage in the coming days. But first, we’ll…
China’s grand military parade highlighting new space, cyber and information warfare branches underscored the country’s push to weave advanced technologies into its combat strategy, according to analysts. In a show of military strength and modernisation, Wednesday’s parade in Beijing marking the 80th anniversary of Japan’s defeat in World War II unveiled the People’s Liberation Army’s…
Hong Kong has a “huge opportunity” to become a global finance hub for multicurrency stablecoins but being a “first mover” in the market would be key to success, according to PwC. “From an ecosystem perspective, having stablecoin issuers is just the first part of the puzzle,” said Peter Brewin, partner at PwC Hong Kong. He…
Breaking down the August jobs report that has economists talking – CBS News Watch CBS News The U.S. economy added 22,000 jobs in August — well below expectations. Kelly O’Grady has more. Source link
[The content of this article has been produced by our advertising partner.] Co-organised by the HKSAR Government and the Hong Kong Trade Development Council (HKTDC), the 10th Belt and Road Summit will return to the Hong Kong Convention and Exhibition Centre on September 10-11. Bringing together over 90 speakers from 18 Belt and Road economies,…
The governing board for the electric carmaker Tesla has put forward a pay package for CEO Elon Musk that could make him the world’s first trillionaire — but only if he meets a series of high-performance standards over the next 10 years. The proposal became public on Friday, as part of the company’s regulatory filings….
Donald Trump’s disastrous governance has successfully tanked America’s labor market. The federal government released another weak jobs report Friday, after the previous poor jobs report resulted in Trump lashing out and firing the Commissioner of Labor Statistics. At the time, Trump baselessly claimed that the “Jobs Numbers were RIGGED in order to make the Republicans,…
President Donald Trump‘s “big beautiful bill” raised the state and local tax deduction, known as SALT, to $40,000 for 2025. The change comes less than a decade after a cap was placed on this tax break for the first time in its history. Taxpayers who itemize tax breaks can claim the SALT deduction, which includes state and…
Check out the companies making headlines before the bell: Broadcom — The chipmaker jumped 10.4% after beating both lines for the third fiscal quarter. The company also said its artificial intelligence-related revenue surged 63%. Lululemon Athletica — The athleisure company sank 19% after its full-year guidance missed estimates . Lululemon expects fiscal-year earnings of $12.77…
Job creation sputtered in August, adding to recent signs of labor market weakening and likely keeping the Federal Reserve on track for a widely anticipated interest rate cut later this month. Nonfarm payrolls increased by just 22,000 for the month, while the unemployment rate rose to 4.3%, according to a Bureau of Labor Statistics report…