Economy

People observe the scenery near Chinese national flags displayed for National Day celebrations on October 3, 2024 in Chongqing, China. National Day Golden Week is a holiday in China commemorates the founding of the People’s Republic of China in 1949. Cheng Xin | Getty Images U.S. broadband providers had their networks breached in a cyberattack […]

One financial firm is trying to capitalize on preferred stocks – which carry more risks than bonds, but aren’t as risky as common stocks. Infrastructure Capital Advisors Founder and CEO Jay Hatfield manages the Virtus InfraCap U.S. Preferred Stock ETF (PFFA) . He leads the company’s investing and business development. “High yield bonds and preferred […]

India is poised to become the world’s second-largest economy by 2075, according to Goldman Sachs.Darren Robb | The Image Bank | Getty ImagesIndia’s strong growth prospects and recent stock market boom has piqued investor interest, drawing attention and increasing exposure to a once ignored market.”India’s growth story is greater than the average … Whatever the… […]

IPhone 14 Pro models are promoted outside Apple Inc’s flagship store in Shanghai, China, October 13, 2022.CFOTO | Future Publishing | Getty ImagesChinese consumers are on average spending more on smartphones than ever before, according to new data, which bodes well for U.S. giant Apple in a critical market for its expensive iPhones.The average selling… […]

Country Garden canceled its share placement shortly after midnight, a report by IFR revealed, citing bookrunner JPMorgan.Future Publishing | Future Publishing | Getty ImagesHong Kong-listed shares of Country Garden fell 5.06% on Tuesday, following multiple reports that the Chinese real estate developer had scrapped its $300 million primary share placement.The share placement was aimed at helping the… […]

CNBC’s Jim Cramer told investors on Monday not to solely rely on analysts’ top-down, broad market assessments. According to Cramer, it’s imperative to also pay attention to micro-analysis of a company’s performance when buying individual stocks.”After all these years, I’ve come to know one immutable truth: There’s no monopoly on stock market knowledge,” Cramer said.… […]

Mark Zuckerberg, CEO, Meta Platforms, in July 2021.Kevin Dietsch | Getty Images News | Getty ImagesA year ago, Meta’s stock was in the midst of a nosedive as Wall Street grew concerned that threats to the business were increasingly existential.But after Mark Zuckerberg’s company, formerly known as Facebook, reported better-than-expected second-quarter results last week and… […]

Transportation Secretary Pete Buttigieg spoke directly to Elon Musk Friday on the billionaire’s X platform, part of an effort to counter false conspiracies about federal disaster aid for victims of Hurricane Helene that Musk spread on X, where his follower count stands over 200 million. “No one is shutting down the airspace and FAA doesn’t […]

Ben Horowitz (right), Andreessen Horowitz partner talks about artificial intelligence and jobs at the TANIUM CONVERGE16 conference San Francisco. Harriet Taylor | CNBC Less than three months after announcing plans to contribute to political action committees supporting Donald Trump’spresidential campaign, venture capitalist Ben Horowitz says he’s donating to Vice President Kamala Harris’ election bid, CNBC […]

In a Friday interview with CNBC’s Jim Cramer, Constellation Brands CEO Bill Newlands brushed off concerns about the possibility of higher tariffswhich former President Donald Trump has pledged to implement if elected. “First of all, assuming there was a Trump administration, we already had four years of a Trump administration, and our business was up […]