Reported about 1 month ago
China's exports grew at their slowest pace in three months in May, impacted by significant U.S. tariffs, while factory-gate deflation reached its worst level in two years. Exports to the U.S. plummeted 34.5% year-on-year, and overall exports rose only 4.8%, below expectations. Meanwhile, imports declined 3.4%, highlighting frail domestic demand amidst rising external pressures. Despite some easing of tariffs, trade tensions continue, with economists predicting challenging conditions ahead for China's economy.
Source: YAHOO
Reported about 1 month ago
Global markets showed mixed results as investors anticipated the outcomes of trade discussions between the United States and China in London. While futures for the S&P 500 and Dow Jones ticked slightly higher, European markets reflected varying trends. Asian indices, particularly Japan's Nikkei and South Korea's Kospi, posted gains despite economic concerns, including a slowdown in China's exports. Wall Street experienced a rally due to robust US job data although there are underlying worries about the impact of ongoing trade tensions and tariffs.
Source: YAHOO
Reported about 1 month ago
Source: WSJ
Reported about 1 month ago
Source: WSJ
Reported about 1 month ago
L'Oreal has announced its acquisition of a majority stake in the British skincare brand Medik8, enhancing its presence in the dermatological market. While the financial details were not disclosed, the deal values Medik8 at approximately 1 billion euros. This strategic move is expected to bolster L'Oreal's luxury portfolio amidst slowing sales growth in its luxury division.
Source: YAHOO
Reported about 1 month ago
In May, China's exports to the United States fell by 35% compared to the previous year, raising concerns for the country's economy as trade discussions with Washington are set to begin in London. While overall exports rose 4.8%, imports dropped 3.4%, resulting in a trade surplus of $103.2 billion. Exports to Southeast Asia and the EU remained strong, but analysts predict a further slowdown in export growth due to persistent tariffs and domestic market challenges.
Source: YAHOO
Reported about 1 month ago
Source: WSJ
Reported about 1 month ago
Starbucks announced it will lower the prices of certain iced drinks by an average of 5 yuan ($0.70) as competition intensifies in China. The move aims to attract more customers, especially in the afternoon, amid economic slowing and increased caution among consumers. This strategy comes despite previous statements from the company about avoiding a price war, and amidst pressures from domestic competitors offering significantly lower prices.
Source: YAHOO
Reported about 1 month ago
Source: WSJ
Reported about 1 month ago
Source: BARRONS
Reported about 1 month ago
The auto industry is facing a severe crisis as rare-earth magnets, essential for car production, are in short supply due to Chinese export restrictions. Executives from automakers have confirmed that without alternative supplies, their factories could face shutdowns soon, leading to panic within the industry. Despite efforts to develop alternatives to rare-earth materials, most solutions are years away from being scalable, while China's dominance in the rare-earths market leaves little room for maneuver. This situation raises fears of another major disruption in the automotive supply chain, reminiscent of previous crises involving semiconductors and pandemic-related factory shutdowns.
Source: YAHOO
Reported about 1 month ago
Source: BARRONS
Reported about 1 month ago
Source: WSJ
Reported about 1 month ago
U.S. President Donald Trump's unpredictable policies have caused significant volatility in the Hong Kong dollar, impacting the longstanding currency peg with the U.S. dollar. Over the past month, the Hong Kong dollar has fluctuated widely within its trading band, forcing the Hong Kong Monetary Authority to intervene multiple times. This volatility has led to record low interest rates in Hong Kong, posing challenges for businesses and investors. Although local officials insist the currency peg will remain in place, recent changes in interest rates and capital flows raise concerns about financial stability.
Source: YAHOO
Reported about 1 month ago
Source: WSJ
Reported about 1 month ago
In May, China's new yuan loans surged to 850 billion yuan, more than tripling from April, as trade tensions eased with a US-China truce and government monetary measures increased credit demand. Economists noted that the growth aligns with past trends, although domestic challenges persist in relation to economic pressure on households and manufacturing activity.
Source: YAHOO
Reported about 1 month ago
China is cracking down on the practice of 'refattening,' where farmers buy adult pigs to fatten them before selling, as it leads to unsustainable price fluctuations and wasteful feed usage. The government aims to stabilize pork prices amidst weak demand while reducing dependence on food imports, particularly in light of ongoing trade tensions with the U.S. Major pig breeders like Muyuan Foods are halting sales to 'refatteners,' indicating a shift in strategy to address market inefficiencies.
Source: YAHOO
Reported about 1 month ago
In a recent YouTube video, financial expert Humphrey Yang outlined strategies for becoming a millionaire even with a low income. He emphasized four key pillars: frugality—ensuring every dollar counts; aggressive investing—starting early and contributing consistently; leveraging time—recognizing the benefits of compound interest; and developing multiple income streams, such as side hustles. Yang's advice highlights that while wealth accumulation is challenging on a low salary, it is certainly achievable.
Source: YAHOO
Reported about 1 month ago
In a recent podcast, a 22-year-old CEO expressed concern about an employee asking for ownership in his outdoor recreation business. Dave Ramsey's response was straightforward: at such an early stage, ownership isn't feasible. Ramsey suggested compensating the employee handsomely while retaining full control of the company, emphasizing the importance of clear financial tracking and maintaining strategic independence.
Source: YAHOO
Reported about 1 month ago
Walmart is poised for growth over the next three years, focusing on expanding its online advertising revenue and international market presence, as U.S. store opportunities dwindle. With a current e-commerce market share on the rise and strategic initiatives underway, analysts project Walmart's revenue could reach nearly $800 billion by 2028, with stock potentially increasing by 47%. The company's adaptability suggests it may surpass investor expectations.
Source: YAHOO
Reported about 1 month ago
A routine US bond auction is gaining unusual attention as global investors express concerns over long-term government debt, particularly 30-year bonds. With yields reaching near two-decade highs, the auction of $22 billion in 30-year bonds will serve as a critical gauge of market demand amidst a backdrop of rising yields and potential fiscal challenges.
Source: YAHOO
Reported about 1 month ago
Top trade officials from the US and China are scheduled to hold new discussions in London, aiming to ease tensions surrounding China's control over rare-earth minerals. The dialogue comes amid accusations from both sides of backtracking on a previous agreement in Geneva meant to mitigate their ongoing trade war. With rising tariffs and concerns over essential supplies for US electric vehicles and defense systems, both nations are seeking a resolution that could lead to tariff reductions and improved relations.
Source: YAHOO
Reported about 1 month ago
Lululemon Athletica (NASDAQ: LULU) has seen its stock price drop 48% from its peak, following a recent earnings report where profit guidance was slashed due to tariffs and slowing growth. Despite a successful long-term growth trajectory and opportunities in China, challenges from tariffs and a declining operating margin are causes for concern. However, with a forward P/E of 18, the stock may be well priced for potential investors, although it's also being recommended to consider alternative top picks.
Source: YAHOO
Reported about 1 month ago
ExxonMobil and Kinder Morgan are two high-yield dividend stocks expected to maintain and grow their dividends through at least 2030. ExxonMobil plans to invest significantly in projects that could bolster its earnings and cash flow, while Kinder Morgan has secured expansion projects that ensure steady cash flow. Both companies offer solid investment opportunities for long-term growth and passive income.
Source: YAHOO