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Chinese Consumer-Related Shares Rally as Covid Restrictions Eased

By Bingyan Wang Chinese consumer-related shares from airlines to food chain operators are higher in early trade Monday, after Beijing pared back some of its strictest Covid-19 control measures, pointing to a reopening of the economy. Shares of the three major Chinese airlines rose, with Air China Ltd. jumping 3.4%, China Eastern Airlines Corp. adding …

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Here’s how to rent a sustainable Christmas tree for the greenest holiday ever and what retail and warehousing jobs falling in November reveals about the typical holiday shopper

Hi, MarketWatchers. Don’t miss these top stories. Greenest holiday ever? Here’s how to rent a sustainable Christmas tree There are ways to make ‘greener’ choices with your holiday evergreen. Read More Retail and warehousing jobs actually fell in November. It reveals a lot about the typical holiday shopper. Month to month, retail employment declined 30,000, …

Here’s how to rent a sustainable Christmas tree for the greenest holiday ever and what retail and warehousing jobs falling in November reveals about the typical holiday shopper Read More »

FTX fiasco one of the most egregious cases of ‘gross negligence,’ says Ackman

Hedge-fund titan Bill Ackman appears to be walking back comments he made via Twitter last week about Sam Bankman-Fried that some interpreted as implicit support for the 30-something who presided over one of the most epic bankruptcies in financial markets in recent memory. Last week, Ackman tweeted that Bankman-Fried’s statements made during a widely watched …

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The US economy won’t collapse under Fed’s ‘weight’ based on the performance of these sectors despite inflation and oil risks

Investors are trying to read the tea leaves in a choppy US stock market to gauge whether its recent run higher can continue after Federal Reserve Chair Jerome Powell unleashed bullish sentiment at the end of November by indicating its aggressive interest rate hikes could slow. “The leadership of the stock market is telling you …

The US economy won’t collapse under Fed’s ‘weight’ based on the performance of these sectors despite inflation and oil risks Read More »

Opinion: Opinion: High debts and stagflation will bring mother of all financial crises

NEW YORK (Project Syndicate)— The world economy is lurching toward an unprecedented confluence of economic, financial, and debt crises, following the explosion of deficits, borrowing, and leverage in recent decades. In the private sector, the mountain of debt includes that of households (such as mortgages, credit cards, auto loans, student loans, personal loans), businesses and …

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November employment report is the most important data for this year’s inflation – and not in a good way

The November US jobs report on Friday showed the US economy gained 261,000 jobs last month, with the unemployment rate holding steady at 3.7%. Economists polled by the Wall Street Journal were expecting 200,000 new jobs. Wages rose 0.6% in November, more than double what was expected. Here are some initial reactions from economists and …

November employment report is the most important data for this year’s inflation – and not in a good way Read More »

Turns out a real estate guru peddling the ‘deal of a lifetime’ was really a fraud and hurricane season’s late start made for an average year but a big insurance bill

Hi, MarketWatchers. Don’t miss these top stories. Turns out a real estate guru peddling the ‘deal of a lifetime’ was really a fraud, prosecutors say Matthew Onofrio claimed he’d cracked the code on commercial real estate, but is accused of fleecing inexperienced investors and banks. Read More I’m a new mother, and can’t afford to …

Turns out a real estate guru peddling the ‘deal of a lifetime’ was really a fraud and hurricane season’s late start made for an average year but a big insurance bill Read More »

Opinion: The S&P 500 is on the cusp of breaking through a level that might spell the end of the bear market

The stock market has sputtered at times over the past three weeks, but Federal Reserve Chairman Jerome Powell’s statements Wednesday prompted the S&P 500 SPX, -0.10% to jump above a technical resistance level at 4030 points. The benchmark index is now challenging the declining 200-day moving average (MA) and the trend line that defines the …

Opinion: The S&P 500 is on the cusp of breaking through a level that might spell the end of the bear market Read More »

Mortgage Advice Bureau Sees 2022 Profit Missing Views Amid Economic Turmoil

By Joe Hoppe Mortgage Advice Bureau (Holdings) PLC said Thursday that written business in October and November were 50% below its expectations due to macroeconomic turmoil, and it expects full-year adjusted pretax profit to slightly miss expectations. The UK property-letting company said the UK governments’ budget in late September created significant uncertainty that directly hit …

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