These US stocks have the most to lose — and gain — from China
If China continues to show an uneven path of recovery from its stringent Covid-19 restrictions, these stocks could suffer.
Queen Elizabeth II’s funeral cost over $200 million, UK government reveals
The state funeral for the U.K.’s longest-serving monarch and related events in September cost around £162 million ($201.4 million).
McCarthy says House could vote on debt ceiling deal as soon as next week
“I just believe where we were a week ago and where we are today is a much better place,” said McCarthy, sounding more optimistic than ever about a deal.
A secretive annual meeting attended by the world’s elite has A.I. top of the agenda
OpenAI CEO Sam Altman will join forces with key leadership from Microsoft, DeepMind and Google on Thursday as the secretive Bilderberg Meeting kick-starts.
How luxury giant LVMH built a recession-proof empire
LVMH has built a powerful portfolio of 75 brands. In 2023, it became the first European company to reach a $500 billion value.
Alibaba plans to list cloud division as quarterly revenue misses expectations
Alibaba announced plans to spin off its cloud division as a separate, publicly-traded company. The e-commerce titan’s quarterly revenues missed expectations.
As G-7 Summit kicks off in Hiroshima, China and Russia are on everyone’s minds
The leaders of the seven major industrial democracies will discuss the future of the global relations and its economy as the world faces a number of uncertainties.
Market’s tech focus is ‘shortsighted,’ with a broader bull run coming, portfolio manager says
The market’s affinity for Big Tech stocks this year is shortsighted, according to portfolio manager Freddie Lait, who said the next bull market phase will broaden out.
Global debt nears record highs as rate hikes trigger ‘crisis of adaptation,’ top trade body says
Global debt grew by $8.3 trillion in the first quarter of 2023 to a near-record high of $305 trillion.
British telecom giant BT to cut up to 55,000 jobs by 2030
The company intends to reduce staffing by 40,000 to 55,000 roles.
