Chinese currency’s slide comes despite the central bank taking steps to prop up its value. China’s yuan has tumbled to a record low against the US dollar in offshore trading, joining a host of currencies experiencing sharp declines against the greenback. The offshore yuan, which is traded outside mainland China, fell to 7.2386 against the …
China’s yuan sinks to record low against the dollar | Emerging Markets Read More »
A wobbly day of trading on Wall Street ended with a mixed finish for US stock indexes Tuesday as markets stagger amid worries about a possible recession. The volatile trading comes a day after a broad sell-off sent the Dow Jones Industrial Average into a bear market, joining other major US indexes. The S&P 500 …
US stocks end mixed a day after Dow entered a bear market Read More »
OPINION AND COMMENTARY Editorials and other Opinion content offer perspectives on issues important to our community and are independent from the work of our newsroom reporters. President Joe Biden speaks about the DISCLOSE Act in the Roosevelt Room of the White House in Washington, Tuesday, Sept. 20, 2022. (AP Photo/Andrew Harnik) Andrew Harnik AP It’s …
Biden is working hard to undo problems created by Donald Trump Read More »
Apple has asked manufacturers to shift production from China amid geopolitical tensions and pandemic restrictions. Apple Inc will make some of its iPhone 14s in India, the company has said, as manufacturers shift production from China amid geopolitical tensions and pandemic restrictions that have disrupted supply chains for many industries. “The new iPhone 14 lineup …
Apple says it will make some of its iPhone 14 in India | Business and Economy News Read More »
PHILADELPHIA (WPVI) — Fears of a recession are mounting. Even before the latest rate hike on Wednesday, almost 7 in 10 US adults expressed concern about the possibility. That same survey by Bankrate.com revealed that 2 in 5 Americans feel unprepared to weather a recession, especially women, minorities and Gen-Zers. We talked to the experts …
Investors are paying the price for the Federal Reserve’s policy mistakes, according to Allianz economic advisor Mohamed El-Erian. “This is a two-part policy mistake of historical proportions,” the former CEO of bond giant Pimco told CNBC’s “Squawk Box” in a Monday interview. “Part No. 1 was being seduced by ‘transitory’ and doing nothing,” he added, …
El-Erian says the Fed has made a ‘policy mistake of historical proportions’ Read More »
Rethinking hiring strategies I NJ Business BeatNJ Spotlight News Small businesses get creative as they still struggle with hiring MintMint View Full Coverage on Google News .
Miftah Ismail is the fifth finance minister to quit in less than four years as Pakistan’s economic woes are worsened by recent flooding. Pakistan’s Finance Minister Miftah Ismail has said he will formally resign from the role amid an economic crisis exacerbated by the recent devastating flooding, as he becomes the fifth finance minister to …
Recipients of Supplemental Security Income will receive the final half of their September payments in six days, marking the second payment of the month due to a scheduling quirk in the agency’s program. Eligible recipients can expect to receive the second payment of $841 on Sept. 30 after receiving the first payment at the beginning …
A top Costco Wholesale executive confirmed the big-box retailer has no plans to change the price of its $1.50 hot dog-and-soda combo at its stores despite months of decades-high inflation. Costco CFO Richard Galanti reiterated the cheap price point on the fan-favorite deal would stay in place during the company’s fourth-quarter earnings call on Thursday. …
Costco to keep $1.50 hot dog-and-soda combo ‘forever’ despite inflation: exec Read More »
