Covid’s closures have hit the Chinese economy, and the Asian giant may have to pay off more debt in order to continue to meet its growth goal. Kevin Fraier Getty Images News Getty Images China may have to issue more debt as it tries to continue growing in the face of Covid blockades slowing down … Read more
The Dallas Federal Reserve has appointed a new president to succeed his ex, who resigned last year amid controversy over stock trading. Lori K. Logan will perform the function of the head of the branch of the central bank, it is stated in the announcement published on Wednesday. The custodians of the Central Bank know … Read more
See companies that write before the bell: Wendy’s (VEN) – Wendy reported an adjusted profit of 17 cents per share, 1 cent below the estimate, with revenue and sales in the same store also lacking analysts’ forecasts. The restaurant chain sees a negative impact due to higher inventory and labor costs, and its shares fell … Read more
As countries across Asia reopen to international travelers, Japan – one of the continent’s most popular destinations – remains firmly closed. That could change soon. Prime Minister Fumio Kishida announced at a press conference in London on Thursday that Japan would ease border controls in June. Locals often celebrate the easing of pandemic-related border restrictions, … Read more
As the European Union tries to impose sanctions on Russian oil over the war in Ukraine, Hungary has emerged as one of the biggest obstacles to the unanimous support needed by the bloc’s 27 member states. Last week, EU Executive Committee Chair Ursula von der Layen proposed phasing out imports of Russian crude oil within … Read more
Christopher Waller, US President Donald Trump’s candidate for governor of the Federal Reserve, speaks during the affirmative hearing of the Senate Banking Committee in Washington, DC, USA, on Thursday, February 13, 2020. Andrew Harrer Bloomberg | Getty Images Federal Reserve Governor Christopher Waller promised on Tuesday that the rate-setting group would not make the same … Read more
Photo: Getty Images (Getty Images) Carvana, a used car dealer founded a decade ago whose meteoric growth was encountered quite a number of problemshe said on Tuesday that he would lay off 2,500 employees and leave managers unpaid until the end of 2022. In submission to the Securities and Exchange CommissionCarvana called the move a … Read more
Representative Rashid Tlaib (D-MI) joins activists in a demonstration in front of the White House entrance calling for the cancellation of a student debt in Washington, USA, on April 27, 2022. Evelin Hockstein Reuters Even with high inflation and accelerating interest rates, household lending has risen by early 2022 and reached a new record, the … Read more
Here are the most important news, trends and analyzes that investors need to start the trading day: 1. Wall Street will grow after the S&P 500 reached its lowest level in more than a year Traders work on the New York Stock Exchange (NISE) in New York, March 22, 2022. Brendan McDermid Reuters Futures on … Read more
SEOUL, South Korea (AP) – Ioon Suk Yeol, a conservative political neophyte, took over as South Korea’s new president on Tuesday, vowing to resume talks on resolving North Korea’s looming nuclear program and offering a “bold plan” to improve Pyongyang’s economy if he leaves their nuclear weapons. June promised a tougher stance on North Korea … Read more
