Markets are sounding the alarm over China’s economy, but analysts say Wall Street is missing the big picture

Markets are sounding the alarm over China’s economy, but analysts say Wall Street is missing the big picture

Chinese President Xi JinpingJohannes Eisele/AFP/Getty Images Financial markets have recently raised red flags regarding the Chinese economy. Indeed, lofty expectations of a strong post-Covid rebound have largely failed. But analysts said Wall Street was too myopic and not looking at the long term. Financial markets have recently raised red flags about China’s economy, but analysts … Read more

This electric tank truck will transport clean energy with 96 batteries

This electric tank truck will transport clean energy with 96 batteries

As the world moves towards a sustainable future, some regions have an abundance of renewable energy, while others are geographically disadvantaged. Japanese start-up PowerX has a solution with the world’s first battery-electric tanker, “X”, designed to transport clean energy by sea. What does PowerX do? PowerX is a battery startup on a mission to change … Read more

Gold price trades below $1,950 ahead of Congressional debt ceiling vote and Fed decision in June

Gold price trades below ,950 ahead of Congressional debt ceiling vote and Fed decision in June

Get all the essential market news and expert opinion in one place with our daily newsletter. Get a full recap of the day’s top stories straight to your inbox. Register here ! (Kitco News) As market expectations tilt for another rate hike in June and the debt ceiling deal is ready for a vote in … Read more

Turkish lira weakens as economists warn of economic challenge

Turkish lira weakens as economists warn of economic challenge

The Turkish lira weakened following the re-election of Recep Tayyip Erdoğan, as analysts warned the next big test for the victorious president would be to tackle the country’s ailing $900 billion economy . Many economists argue that Erdogan’s policies of low interest rates and emergency measures to support the currency cannot continue. The lira hovered … Read more

Turkish lira falls after Erdogan gains five more years in power

Turkish lira falls after Erdogan gains five more years in power

(Bloomberg) – The Turkish lira weakened to a record high after Recep Tayyip Erdogan won a runoff in the presidential election, extending his tenure as the country’s longest-serving leader in a term that has many increasingly alienated foreign investors. Bloomberg’s Most Read Stocks surged and dollar bonds were mixed on Monday as investors awaited the … Read more

Debt Limitation Deal Brings Cautious Relief: Markets Pull Back

Debt Limitation Deal Brings Cautious Relief: Markets Pull Back

(Bloomberg) – U.S. stock futures posted modest gains on cautious optimism that the United States will avoid a catastrophic default after the weekend’s tentative debt ceiling agreement. European stocks faltered in muted trades affected by the holidays. Bloomberg’s Most Read Contracts on the S&P 500 and Nasdaq 100 rose about 0.3% each as spot markets … Read more

Yet ANOTHER chain store is closing in crime-ridden San Francisco

Yet ANOTHER chain store is closing in crime-ridden San Francisco

By Helena Kelly Consumer Reporter for Dailymail.Com 15:40 May 29, 2023, update 16:01 May 29, 2023 Old Navy will close its San Francisco store on July 1 after three decades It is part of parent company Gap’s cost-cutting reorganization Dozens of retailers leave San Francisco, citing high crime rates Retail stalwart Old Navy is set … Read more

Restaurants report strong summer sales as consumers fear inflation

Restaurants report strong summer sales as consumers fear inflation

Restaurants are expecting a sales boom this summer, but consumers are still concerned about inflation. Last year, restaurant sales in May, June and July were tepid as rising gas prices and worries about the economy weighed on consumers. About a third of consumers surveyed by Datassential plan to dine out less in the next month, … Read more