Nov 5, 2024 | Markets
Pennsylvania voters said democracy was the most important issue for them in this election, along with the economy and abortion. CNN’s exit poll in the battleground state showed 64 percent of voters wanted abortion to be legal, while 36 percent said it should be...
Nov 4, 2024 | Markets
Financial firms saw profit jump, thanks to stock market rally Other sectors reported steeper earnings drop: China Merchants Chinese earnings returned to growth in the third quarter but a closer look at the numbers reveals a picture that’s far less encouraging. Profits...
Nov 4, 2024 | Markets
Company’s hardware division is researching idea with employees Move signals that Apple aims to follow Meta into new category Apple Inc. is exploring a push into smart glasses with an internal study of products currently on the market, setting the stage for the company...
Nov 4, 2024 | Markets
Central bank releases semi-annual Financial Stability Report Says banks well placed to manage rising loan defaults New Zealand’s central bank said the country is experiencing a pronounced economic downturn that could get worse. “Households have reduced their...
Nov 3, 2024 | Markets
Upmarket brands are scrambling to adjust strategy after being wrongfooted by the rapid downturn in Chinese spending. When LVMH CEO Bernard Arnault toured China in June last year, he visited a five-story site in Beijing where the company’s top brand Louis Vuitton...
Nov 1, 2024 | Markets
Some 41 counterparties tap RRP, the fewest since June 2021 Fed facility’s usage tumbled from $2.55 trillion peak in 2022 The amount of money investors park at a major Federal Reserve facility dropped below $200 billion for the first time since May 2021, reinvigorating...
