The uber-wealthy are doing just fine and Wall Street is cashing in
Worries of a possible global recession are deepening as heightened inflation and interest rates act as a brake on spending, while geopolitical strife adds to a sense of profound economic uncertainty.
2023-06-02 19:46
Hong Kong leads global market rally with best day in three months
Global stocks climbed Friday, led by a resurgent Hong Kong market, as investors greeted signs that the US Federal Reserve may hold off raising interest rates this month, the end of the US debt ceiling drama, and talk that China might unveil new measures to boost its faltering economic recovery.
2023-06-02 19:29
London Black Cab Owner Geely Explores Raising Fresh Funds
Zhejiang Geely Holding Group Co. is considering raising funds for the maker of London’s iconic black cabs, people
2023-06-02 18:56
Marketmind: Jubilant markets eye jobs in June jump
A look at the day ahead in U.S. and global markets from Mike Dolan With the U.S. debt ceiling removed,
2023-06-02 18:26
Volkswagen brings VW bus back to North American market after 20 years
FRANKFURT Volkswagen will start selling battery-powered versions of its VW bus in North America from 2024 onwards, the
2023-06-02 17:47
Tech shares see biggest ever weekly inflow on AI boom-BofA
LONDON Technology equity funds saw their biggest weekly inflows on record in the week to Wednesday, driven by
2023-06-02 17:47
Laptop Makers Bet on Better Display Tech to Rekindle Sales
PC makers from Lenovo Group Ltd. to Samsung Electronics Co. are pinning their hopes for reviving laptop sales
2023-06-02 17:26
Global Food Costs at 2-Year Low But Grocery Bills Stay High
Global food costs fell to the lowest level in two years in May, reviving hopes that sticky inflation
2023-06-02 17:25
China Mulls New Property-Market Support Package to Boost Economy
China is working on a new basket of measures to support the property market after existing policies failed
2023-06-02 17:25
BofA Says AI Frenzy Drives Record Inflows Into Tech
The buzz around artificial intelligence has investors pouring a record amount of money into tech stocks, Bank of
2023-06-02 16:53
Debt-Limit Deal Clears Congress, Ending Threat of US Default
The Senate passed legislation to suspend the US debt ceiling and impose restraints on government spending through the
2023-06-02 16:52
Galaxy, MGM Are Said to Explore Opening Casinos in Thailand
Two of the world’s top casino operators are laying the groundwork to potentially establish gambling facilities in Thailand
2023-06-02 16:45