Masayoshi Son, chairman and chief executive officer of SoftBank Group Corp., reacts during a dialog session with Jack Ma, former chairman of Alibaba Group Holding Ltd., not pictured, at Tokyo Forum 2019 in Tokyo, Japan, on Friday, Dec. 6, 2019. Kiyoshi Ota | Bloomberg via Getty Images Shares of Japanese conglomerate SoftBank Group soared Wednesday […]
Tag: Markets
Household debt jumps the most in 12 years, Federal Reserve report says
Household debt surged in 2019, marking the biggest annual increase since just before the financial crisis, according to the New York Federal Reserve. Total household debt balances rose by $601 billion last year, topping $14 trillion for the first time, according to a new report by the Fed branch. The last time the growth was […]
What to look for when Fed Chair Powell meets with Congress this week
Federal Reserve Chairman Jerome Powell heads to Capitol Hill on Tuesday at a touchy juncture: The world is awash in fear from a deadly virus outbreak, lawmakers are just getting over a historically bruising political battle, and the central bank continues to fight against the perceived evil of low inflation. In his semiannual remarks to […]
First-quarter US GDP may be as low as 1.2% because of coronavirus, but stocks don’t seem to care
A volunteer measures a passenger’s body temperature. In light of a coronavirus outbreak in China, Hong Kong district councillors and residents formed makeshift quarantine stations, screening passengers arriving from China, Feb. 4, 2020. Willie Siau | SOPA Images | LightRocket | Getty Images Concern about the coronavirus is weighing heavily on the outlook for first-quarter […]
WeWork closes 100 buildings, UK confirms new cases
This is a live blog. Please check back for updates. All times below are in Eastern time. Total confirmed cases: More than 40,000 Total deaths: At least 910 9 am:Â Inflation in China runs rampant because of the outbreak Inflation in China hit its highest level in more than eight years last month as the outbreak […]
The ‘storm has not receded’ for Credit Suisse ahead of Thiam’s swan song
Tidjane Thiam, chief executive officer of Credit Suisse, speaks during an earnings news conference in Zurich, Switzerland, on April 24, 2019. Stefan Wermuth | Bloomberg | Getty Images Credit Suisse CEO Tidjane Thiam will deliver his final earnings report at the helm of the Swiss lender on Thursday, less than a week after his resignation […]
China calls for reasonable use of gear, death toll rises
People wearing protective face masks walk inside a mall in Shanghai on February 8, 2020. Noel Celis | AFP | Getty Images This is a live blog. Please check back for updates. All times below are in Beijing time. 7:28 pm: China pledges more than $10 billion to fight virus All levels of China’s government […]
US citizen dies in Wuhan
A local pharmacy in Singapore ran out stocks of masks, hand sanitisers, and thermometers amid fear of the Wuhan coronavirus outbreak. There are 18 confirmed cases of Wuhan coronavirus in Singapore as of February 3, 2020, as reported by the country’s Ministry of Health (MOH). SOPA Images This is a live blog. Please check back […]
Why Tesla stock seems expensive, even compared to other tech stocks
A Tesla Model S is displayed during the London Motor and Tech Show at ExCel on May 16, 2019 in London, England. John Keeble | Getty Images News | Getty Images Tesla’s valuation has soared well past other automakers, even those which produce millions more cars each year, causing Morgan Stanley to take a look […]
Antarctica registers record temperature as climate change progresses
A frozen section of the Ross Sea at the Scott Base in Antarctica on November 12, 2016. Mark Ralston | AFP | Getty Images Antarctica just set its hottest temperature ever recorded at 64.9 degrees Fahrenheit as climate change continues to accelerate, according to measurements from an Argentinian research station thermometer. The reading was taken […]
