TOKYO — China’s retail sales expanded more than expected in May, boosted by holiday spending at the beginning of the month and the early start of the “618” online shopping festival. The gauge of household spending rose 6.4% last month, the fastest pace since December 2023, according to data published by the National Bureau of…
Key moments Wage growth slows, and the unemployment rate rises Thames Water’s senior creditors submit a £5 billion rescue plan Asian shares buoyed as US-China trade talks continue for a second day in London Wage growth cools and jobless rate rises to 4.6% UK wage growth slowed in the three months to April and unemployment…
This as-told-to essay is based on a conversation with Ryan Frankel, a 36-year-old business owner in Miami. It has been edited for length and clarity. My primary business is Thrift Vintage Fashion, which I launched in 2020 with my wife, Evelyn. We supply secondhand clothing — mostly men’s wear, such as T-shirts, sweatshirts, and denim…
BEIJING, April 14, 2025 /PRNewswire/ — UK companies are looking to enter the China market, which greatly supports UK economic growth, UK Trade Commissioner for China Lewis Neal told the Global Times on Sunday. His comments were made while attending the China International Consumer Products Expo (CICPE) in Haikou, South China’s Hainan Province. The UK…
The Fed’s latest economic projections hint at the potential for a bout of stagflation. Fed officials trimmed their expectations for growth and raised expectations for inflation in 2025. Uncertainty around the president’s new policies is high, Powell said at a press conference. The Fed’s interest rate decision didn’t turn any heads on Wall Street but…
Morgan Stanley’s CIO said bond yields had surpassed levels that support high stock valuations. Investors should focus on a select few sectors in the market, Mike Wilson says. The bank said it favored key sectors with strong earnings, like financials and media. The bond market is sending investors a clear signal about where to invest…
Bullishness is rising among fund managers surveyed by Bank of America. But an AAII survey suggests everyday investors are the most bearish since 2023. Big institutions are especially upbeat about international markets. Retail investors and fund managers are watching the same stock market, but they’re seeing two different things. The latest Bank of America survey…
Interest rates could be in the perfect range for markets right now, Morgan Stanley’s CIO said. The Fed left interest rates unchanged following its January policy meeting. Inflationary pressures could mean that future rate cuts aren’t coming for a while, forecasters say. The Federal Reserve’s decision to keep interest rates level after its policy meeting…
Bill Smead warns a stock market bubble is set to unwind. Rising 10-year Treasury yields will eventually put pressure on growth stocks, Smead argues. Smead’s view contrasts with Wall Street’s optimistic S&P 500 predictions for 2025. The ongoing optimism around the mega-cap AI stocks driving the S&P 500 doesn’t make sense to Bill Smead. The…
China’s leadership has called for institutional opening-up and efforts to build a “world-class” business environment this year as Beijing strives to rekindle confidence and growth, convince foreign firms to remain onshore and keep goods flowing as external shocks loom. The message was contained in a speech by President Xi Jinping that was released on Wednesday,…