By Saqib Iqbal Ahmed NEW YORK (Reuters) – U.S. stocks are at fresh records, bitcoin is soaring and investors are spurning insurance against portfolio declines as evidence that the economy is headed for a so-called soft landing whets market participants’ appetite for risk. Call it the Goldilocks trade – a bet that the Federal Reserve […]
(Bloomberg) — China sold a record amount of Treasury and US agency bonds in the first quarter, highlighting the Asian nation’s move to diversify away from American assets as trade tensions persist. Most Read from Bloomberg Beijing offloaded a total of $53.3 billion of Treasuries and agency bonds combined in the first quarter, based on […]
China’s President Xi Jinping and Russia’s President Vladimir Putin attend the opening ceremony of the third Belt and Road Forum for International Cooperation at the Great Hall of the People in Beijing on Oct. 18, 2023. Pedro Pardo | Afp | Getty Images Russia’s close relationship with superpower China is under close scrutiny as Russian […]
People walk near the entrance of a Walmart store in Miami, Florida, on May 14, 2024. Joe Raedle | Getty Images Walmart will report earnings on Thursday, as investors look to the nation’s largest retailer to gauge the health of American consumers and the strength of the industry. Here is what Wall Street expects for […]
People walk near the entrance of a Walmart store in Miami, Florida, on May 14, 2024. Joe Raedle | Getty Images Walmart on Thursday topped quarterly earnings and revenue expectations, as the discounter made significant e-commerce gains, drove profits with newer businesses like advertising and won over more high-income shoppers. The big-box retailer said it […]
Walmart on Thursday topped quarterly earnings and revenue expectations, as the discounter made significant e-commerce gains, drove profits with newer businesses like advertising and won over more high-income shoppers. The big-box retailer said it now expects to hit the high end or slightly top its previous full-year guidance. Walmart had expected net sales growth of […]
(Bloomberg) — The US Bureau of Labor Statistics inadvertently published Consumer Price Index data 30 minutes early on Wednesday, raising fresh questions about how the agency releases some of the world’s most sensitive economic information. Most Read from Bloomberg While there were no obvious signs that the early publication moved markets, the episode is likely […]
Chinese leader Xi Jinping welcomed Russian President Vladimir Putin in Beijing on May 16, 2024 as both countries seek to bolster their strategic relationship. Seen here is a file photo of the two men when they met in Beijing on Oct. 18, 2023. Sergei Guneyev | Afp | Getty Images Chinese leader Xi Jinping welcomed […]
Chinese leader Xi Jinping welcomed Russian President Vladimir Putin in Beijing on May 16, 2024 as both countries seek to bolster their strategic relationship. Seen here is a file photo of the two men when they met in Beijing on Oct. 18, 2023. Sergei Guneyev | Afp | Getty Images Russia-China ties are a “stabilizing” […]
BEIJING, CHINA – MAY 16: (RUSSIA OUT) Russian President Vladimir Putin (L) and Chinese President Xi Jinping (R) talk during a bilateral meeting on May 16, 2024, in Beijing, China. Russian President Vladimir Putin is in China for a two-day state visit. (Photo by Contributor/Getty Images) Contributor | Getty Images News | Getty Images Russia-China […]
(Bloomberg) — Michael Burry’s investment firm doubled down on its bets on JD.com Inc and Alibaba Group Holding Ltd. in the first quarter as Chinese equities bottomed out. Most Read from Bloomberg JD.com was Scion Asset Management’s top holding after the firm boosted its stake in the e-commerce operator by 80% during the period, according […]
Workers make clothes at a garment factory that supplies SHEIN, a cross-border fast fashion e-commerce company in Guangzhou, in China’s southern Guangdong province on July 18, 2022. Jade Gao | Afp | Getty Images As fast-fashion giant Shein prepares for an IPO in the U.S., a new report suggests that workers at some of its suppliers are […]
