Markets were pointing toward another rally on Sunday evening as investors brace for fresh economic data that will deliver new clues on how much President Donald Trump’s tariffs are impacting inflation. Stocks closed the prior week on a positive note, with the Nasdaq hitting a new closing high and the S&P 500 nearing a return to…
US stocks opened higher on Friday on hopes of a dovish Federal Reserve board after President Donald Trump’s temporary pick for a central bank governor post. As of 12:18 PM Eastern, the S&P 500 was up 0.8%, the Dow Jones Industrial Average rose 0.6%, and the Nasdaq added 0.9%. As of 9:57 AM Eastern, the…
Wendy’s cut its sales outlook Friday, pointing to heightened competition and economic uncertainty weighing on its customer base. Company executives discussed Wendy’s challenges during a call with analysts Friday, following the release of its latest earnings report. Interim CEO Ken Cook said that in light of the current environment, the company now expects full-year global…
Some economists are cautioning that President Trump’s sweeping new tariffs on U.S. trade partners, which took effect Thursday, increase the risks that the U.S. economy could enter a period of stagflation. A mashup of “stagnation” and “inflation,” the term describes periods marked by high prices and low GDP growth, such as the economic doldrums of…
Hong Kong is on track to return to an operating account surplus for the 2025-26 financial year, with the result largely fuelled by a surge in stamp duty income from the city’s robust stock market performance, the finance chief has said. Financial Secretary Paul Chan Mo-po made his prediction of a surplus – set to…
A coalition of domestic worker unions has demanded an immediate 30 per cent pay rise for Hong Kong’s 370,000 helpers to HK$6,500 (US$833) a month and for their food subsidy to be doubled. The Hong Kong Federation of Asian Domestic Workers Unions on Sunday blamed current government policy for having left many helpers in a…
Hong Kong is on track to return to an operating account surplus for the 2025-26 financial year, with the result largely fuelled by a surge in stamp duty income from the city’s robust stock market performance, the finance chief has said. Financial Secretary Paul Chan Mo-po made his prediction of a surplus – set to…
The White House has launched an aggressive public relations campaign promoting a narrative of economic strength during the first six months of United States President Donald Trump, with claims of his policies fueling “America’s golden age”. But an Al Jazeera analysis of economic data shows the reality is more mixed. Trump’s claims of his policies…
Poll: Most Americans expect price hikes soon Most Americans expect prices to increase in coming months, CBS News poll finds 02:42 Employers across the U.S. added 73,000 jobs in July, a slowdown from previous months and a sign the labor market is downshifting. The numbers Hiring was weaker than expected by economists, who had forecast payroll…
MANILA, Philippines — Asian shares were mixed Thursday after most U.S. stocks slipped, as doubts rose on Wall Street about whether the Federal Reserve will deliver economy-juicing cuts to interest rates by September. Japan’s Nikkei 225 rose 0.9% to 41,020.91 after the Bank of Japan kept interest rates steady at 0.5% and raised inflation projections….