Hong Kong's Status as an International Financial Center at Crossroads
Hong Kong lost its status as a global financial hub amidst shifting rankings and regulatory hurdles. Read the implications of China's tightening grip and cross-border capital flow uncertainties.
May 15, 2024 11:59 PM EDT
Hong Kong's Financial Status Plummets EUI from Fourth to Ninth Place Amidst Global Rankings and China's Grip
Hong Kong's business ecosystem has caused the EIU to downgrade it to ninth place and the Global Financial Centers Index to rank it fourth.
Can Taxing the Rich Save Social Security?
Due to a budget deficit, Social Security may not be able to provide retired Americans with their full payments in around ten years.
Trump Allies Gather as Cohen Testifies on 'Hush Money' Allegations
House Speaker Mike Johnson was among a group of close Republican allies of Donald Trump who showed up in the Manhattan criminal courthouse on Tuesday to express support for the former president while his attorneys tried to discredit the key witness in the "hush money" trial.
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Late Shoppers Rejoice as Retailers Turbocharge Delivery!
Some of America's largest retailers are attempting to boost delivery speeds in order to satisfy customers who anticipate faster and faster deliveries.
Dec 19, 2023 09:37 PM EST
Grab These Stocks Before 2023 Closes, Say Analysts
Ten S&P 500 stocks have the greatest proportion of analysts' "buy" ratings within the index: NiSource, Lamb Weston, and Amazon.com, among others. Even the analysts who monitor these stocks have unanimously recommended buying two of these stocks.
Dec 19, 2023 09:27 AM EST
Vans Owner Stumbles as Hack Halts Holiday Hustle, Shares Tumble
The North Face and Vans owner VF Corp. saw a sharp decline in their stock price on Monday following their announcement that a breach had compromised part of their capabilities to ship orders in time for the holidays.
Dec 19, 2023 06:45 AM EST
Amazon Seeks Sports Content Boost with Potential Investment in Diamond Sports
The Wall Street Journal reported on Monday that Amazon is in discussions to invest in regional sports programming company Diamond Sports, a move that would enhance the e-commerce giant's ambitious drive into sports entertainment.
Dec 18, 2023 09:41 PM EST
Unlocking Buffett's $375 Billion Portfolio: The Power of Dividend Investments
As Warren Buffett once said, "All there is to investing is picking good stocks at good times and staying with them as long as they remain good companies."
Dec 18, 2023 11:30 AM EST
Fed Plots Inflation Takedown, But Can Growth Survive the Landing?
The Americans have not felt such excruciating inflation since 1981, when "The Jeffersons" and "The Dukes of Hazzard" were dominating the TV ratings. However, it appears that the Federal Reserve is about to overcome it, and without the severe recession and spike in joblessness that many analysts had expected would follow.
Dec 18, 2023 10:20 AM EST
COVID Fallout? US Sees Unprecedented Surge in Homelessness as Safety Nets Fray
According to government officials on Friday, a "sharp rise" in the number of people experiencing homelessness for the first time contributed to homelessness in America setting a new high earlier this year.
Dec 18, 2023 09:14 AM EST
Lower Inflation, Elevated Unemployment in CBO's 2025 Economic Projection
The Congressional Budget Office stated on Friday that it anticipates inflation to almost reach the Federal Reserve's 2% target rate in 2024 as general growth is anticipated to slow and unemployment to climb through 2025, according to revised economic predictions for the next two years.
Dec 16, 2023 09:38 AM EST
Amazon Under Pressure from Rising Stars, Makes China Charm Offensive to Revive Growth
As it battles increasing competition from low-cost online retailers Temu and Shein, both of which have their origins in the second-largest economy in the world, Amazon is extending a new offer to sellers situated in China.
Dec 15, 2023 10:20 AM EST
New Yorkers Breathe Easier as Medical Debt Loses Credit Grip
New York is becoming the second state in the union to shield its citizens' credit ratings from being damaged by unpaid medical debt.
Dec 15, 2023 09:50 AM EST
Wall Street Eyes $6 Trillion Cash Tsunami Sparked by Fed Pivot
A roughly $6 trillion hoard of cash sitting on the sidelines is one significant element that investors watching whether markets can continue their wild run are keeping an eye on.
Dec 15, 2023 09:03 AM EST
Black Friday Bonanza? Retail Sales Rise Despite Inflation Fears, Holiday Spirit Intact
Americans unexpectedly increased their spending from October to November as the unofficial Christmas season began, demonstrating the power of buyers despite rising costs.
Dec 14, 2023 10:05 PM EST