Famous Hong Kong singer and actor Nicholas Tse has yet again proved his business acumen by selling 1.5 billion yuan-worth (US$207 million) of sausages in China over the past three years. Tse’s food company, based in Hangzhou, Zhejiang province, eastern China, known as the brand Chef Nic Π, or fengweipai in Chinese, has also been…
Wall Street’s “Barbarians at the Gate” are slowing down after nearly 25 years of beating the stock market. Earlier this month, investment firm Hamilton Lane issued a report showing that the MSCI World Index, a leading stock market indicator, beat out private equity returns for the first time since the dot-com bubble burst in 2000….
BlackRock stock edged higher a day after it announced a deal to help acquire two ports in Panama. President Trump has touted the deal as he seeks to more US control of the crucial waterway. It marks the largest infrastructure deal in BlackRock’s history. The move: BlackRock rose 1% at the start of trading on…
Some Wall Street forecasters see the latest rally hitting a wall next year. An uncertain economic outlook and historically high stock prices are cause for concern, analysts say. December could be a good time for investors to dial back risk, a Morgan Stanley portfolio manager said. The postelection rally in the stock market is running…
September’s big payroll jump will eventually be revised down, Pantheon Macroeconomics said. A low response rate to the report is a “red flag,” the research firm said. The Fed will still deliver jumbo rate cuts to stabilize the weakening job market, the firm predicted. Thanks for signing up! Access your favorite topics in a personalized…