80% of retirees are getting this RMD rule wrong ‘out of fear’ — and it could cost them thousands in lost income Many of us have the same goal: we’ll spend our working years putting away money so we have enough saved to draw an adequate income for a comfortable retirement. This dedication to savings…
A man in China became the target of ridicule on mainland social media after spending over 4 million yuan (US$550,000) on tipping a live-streaming anchor, all in a desperate attempt to hear her call him “brother”. He resorted to eating plain steamed buns to survive amid his financial ruin. The man, whose surname is Hong,…
HONG KONG — Chinese internet giant Baidu reported its biggest quarterly sales contraction in two years as online ad sales, the company’s core revenue source, fell short of expectations. In an earnings call, interim Chief Financial Officer He Junjie said he has not seen “notable improvement” in advertising spending from key clients despite Beijing’s recent…
(Reuters) – U.S. holiday sales are expected to grow as much as 3.5%, the slowest pace in six years, the National Retail Federation forecast on Tuesday, as shoppers turn more frugal and get picky with spending on non-essentials. Holiday sales are set to rise between $979.5 billion and $989 billion from November to December, the…
OSAKA — Department stores across the Osaka area enjoyed a rise in tax-free sales during China’s National Day holidays this year, even as Chinese tourist traffic continues to fall short of pre-pandemic levels. Tax-free sales at the Daimaru Shinsaibashi department store for the week through Monday rose nearly 30% compared to the National Day holidays…
AMSTERDAM (Reuters) – Semiconductor manufacturers will spend a record $400 billion on computer chip-making equipment in 2025-2027, global industry association SEMI said in estimates published on Thursday, with China, South Korea and Taiwan leading the way. Key drivers include extra demand for excess capacity in geographical regions amid U.S.-China trade tensions, and demand for AI…