Jerry Jones Sees ‘Huge Growth Left’ as Private Equity Enters NFL
Dallas Cowboys owner says deal interest shows league strength Billionaire touts 2026 IndyCar race in Texas with Roger Penske Dallas Cowboys owner Jerry Jones predicted major growth in the value of National Football League franchises as teams begin selling stakes to...
German Economy May Contract in 2024, Bundesbank Chief Says
Second half of year is weaker than expected, he says in Berlin ECB official worries about more protectionism if Trump wins The German economy is likely to experience another year of contraction with the US election posing an additional risk to Europe’s growth,...
PepsiCo Trims Sales Outlook While Pledging to Meet Profit Goal
Organic revenue seen rising by a low single-digit percentage Company seeks to manage costs amid subdued growth, CEO says PepsiCo Inc. reduced its revenue outlook, citing slower-than-expected growth and international unrest, but said cost cutting and greater efficiency...
Japan’s Aso Calls Taiwan a ‘Country,’ Risking Beijing’s Wrath
Former leader has track record of showing support for Taiwan Latest remark is unlikely to signal a change of Japan policy Former Japanese Prime Minister Taro Aso described Taiwan as an important “country” for Japan, breaking with Tokyo’s stance of avoiding describing...
‘Crazy’ Chinese Stock Swings Ignite Biggest-Ever Trading Frenzy
Turnover in mainland and Hong Kong bourses jumped to a record Benchmark gauges in Hong Kong slumped by the most since 2008 Stock traders had braced themselves for an unusually busy session when China’s mainland markets reopened on Tuesday after the Golden Week...
World Bank Warns China’s Slowdown May Deepen, Pressure East Asia
Deeper slowdown seen ahead for China despite stimulus boost World Bank says shifting trade, investment also key for region The World Bank expects China’s growth to weaken further in 2025 even with a temporary boost from recent stimulus measures, putting extra strain...
El-Erian Warns Fed After Jobs Data: ‘Inflation Is Not Dead’
US job growth in September topped all estimates, data showed Traders pull back on wagers on big Fed cuts to come this year Mohamed El-Erian says the Federal Reserve needs to renew its focus on its fight against rising prices after September’s surprisingly hot jobs...
EU to Impose Tariffs Up to 45% on Chinese Electric Vehicles
The new tariffs will be in effect for a period of five years China has threatened tariffs on Europe’s car and dairy sectors The European Union voted on Friday to impose tariffs as high as 45% on electric vehicles from China, threatening a broader trade conflict with...
Europe’s EV Tariff Move Heaps More Misery on Auto Investors
Latest blow follows profit warnings, balance sheet concerns Short sellers are targeting sector, analysts turn more bearish A mild rally in the shares of automakers after the European Union voted to impose tariffs on electric vehicles from China does little to...
World Food Price Index Marks Biggest Rise Since March 2022
Sugar prices saw the biggest gains on Brazil, India concerns Vegetable oils and grains also rose on worries about supplies Global food prices saw the largest jump in 2.5 years in September, with bad weather and geopolitical risks threatening to keep consumer costs...
China’s Stock Boom May Turn to Bust as in 2015, Nomura Warns
Investors should brace for the biggest stock rally in China in 16 years to turn to bust, with the economy on a much weaker footing than before the pandemic, said Nomura Holdings Inc. In the most gloomy scenario, “a stock market mania would be followed by a crash,...
RBNZ Seen Stepping Up Rate Cuts on Risk of Inflation Undershoot
Local economists expect 50-point moves on Oct. 9 and Nov. 27 ‘Overly restrictive monetary policy has inflicted much pain’ New Zealand’s central bank will cut interest rates by half a percentage point at each of its two remaining policy meetings this year as risks...
Levi Slumps After Paring Its Full-Year Sales Outlook
Weakness in China, wholesale division stalls sales growth Company to explore sale, other options for Dockers brand Levi Strauss & Co.’s shares slumped after challenges abroad and declines across its home market and Dockers brand drove a cut to its full-year...
Hong Kong Brokers Swamped by ‘Once In a Century’ Stock Frenzy
Hang Seng Index has its best day in almost two years Market participants cancel holidays as frenzy picks up pace Stock brokers in Hong Kong are having one of the busiest periods in their career, with a 31-year veteran describing the city’s sudden rally as a “once in a...
