What TikTok ‘underconsumption core’ trend means for your money: It’s ‘romanticizing being middle class,’ content creator says
The “underconsumption core” TikTok trend showcases the old items that people are still using. It’s the latest social media push to normalize not spending.
Estee Lauder forecasts bleak annual results; CEO Freda to depart
Estee Lauder forecast annual profit and sales below estimates as the global beauty market struggles with slowing demand mainly in the China market.
AMD to acquire server builder ZT Systems for $4.9 billion in cash and stock
Advanced Micro Devices on Monday said it plans to acquire server maker ZT Systems for $4.9 billion as the company seeks to expand its portfolio of artificial intelligence chips and hardware and battle Nvidia.
Mpox outbreak: Here’s how Asian nations have reacted to WHO emergency declaration
China’s customs authorities announced they will strengthen surveillance at ports of entry.
Canada’s Couche-Tard makes preliminary bid for Japan’s Seven & i
Japan’s Seven & i, owner of the 7-Eleven convenience stores, said it has received a preliminary takeover offer from Canada’s Alimentation Couche-Tard.
Beijing and Hollywood are decoupling as Chinese audiences favor domestic productions
After years of strong showings in China’s box office, Hollywood films are being pushed out by homegrown blockbusters in the massive movie market.
Russia struggles to respond to Ukraine’s incursion as advancing forces destroy key bridges and war potential
Ukrainian forces say they’ve blown up a second strategically significant bridge in Russia’s Kursk region, as Kyiv continues its incursion.
Goldman Sachs cuts odds of U.S. recession to 20% after retail and jobs data
“Continued expansion would make the US look more similar to other G10 economies, where the Sahm rule has held less than 70% of the time,” economists said.
Gold set for fresh highs ahead of Fed rate decision — analysts see prices at $3,000 by next year
Gold prices have reached multiple highs this year, with more to come as the next U.S. Federal Reserve meeting draws closer.
U.S., China sign agreement to cooperate on financial stability
The U.S. and China last week signed agreements for cooperating on financial stability, according to a People’s Bank of China readout Monday.
