A store in a shopping mall in Beijing on Aug. 7, 2024. Pedro Pardo | Afp | Getty Images Fierce price wars in China are hitting industries from cars to food deliveries to solar panels, squeezing profits and worsening the country’s deflationary slide. Though consumers may be lured by ultra-cheap deals, the trade-offs for them…
The People’s Bank of China (PBOC) building in Beijing, China, on Tuesday, April 18, 2023. Bloomberg | Getty Images China kept its benchmark lending rates steady on Monday as the country continues to grapple with weak consumer sentiment and softening growth. The People’s Bank of China held the 1-year loan prime rate at 3.0% and…
A JPMorgan Chase & Co. Wealth Management sign in New York, U.S., on Thursday, July 10, 2025. Gabby Jones | Bloomberg | Getty Images Friday, Aug. 1 — the “hard deadline” of U.S. President Donald Trump’s updated tariffs — is less than two weeks away. Investors, however, seem mostly unbothered thus far. For last week,…
Here are the opening calls for the day Good morning from Singapore. Investors will be keeping a close watch on the People’s Bank of China’s decision on its 1-year and 5-year loan prime rates for July expected later in the day. Futures for Hong Kong’s Hang Seng index stood at 24,883, pointing to a stronger open compared…
Scottie Scheffler of the U.S. celebrates on the 18th green after winning the 153rd Open Championship. Russell Cheyne | Reuters A relentless Scottie Scheffler sealed his first British Open triumph by four shots as he turned the final day of the tournament into a procession at Royal Portrush on Sunday. The 29-year-old American world number…
As parents, we spend so much time helping our kids succeed on the outside — teaching them words, setting routines, and encouraging good behavior. But there’s one skill that quietly shapes whether they’ll be successful in life: self-connection, or the ability to tune into one’s own emotions, needs, and inner voice. When kids feel safe…
Shigeru Ishiba, Japan’s Prime Minister and president of the ruling Liberal Democratic Party (LDP), listens to a question from a journalist at the LDP headquarters, on the day of Upper House election, in Tokyo on July 20, 2025. Franck Robichon | Via Reuters Japan’s shaky ruling coalition is likely to lose control of the upper…
Jaclyn Johnson has big plans for her business. She started hosting events for women entrepreneurs in 2011 and formally launched her company, Create & Cultivate, in 2015. In the last decade, the founder has scaled the business to host 2,000-attendee gatherings, sold the company for $22 million, bought it back, brought on a new CEO…
Berkshire Hathaway ‘s underperformance in share price has continued since Warren Buffett’s exit news, now falling behind the S & P 500 in 2025. The Omaha-based conglomerate’s B shares have suffered six negative weeks in the past seven, on track for its third straight negative month. Since May 3, when the “Oracle of Omaha” announced…
Stocks that could win big if oil prices continue to slide include Advanced Micro Devices and Datadog , according to Jefferies. West Texas Intermediate crude oil prices have already taken a leg lower this year, down from around $80 per barrel in mid-January to around $68 today. Several factors have contributed to the weakness, including…
