One thing’s clear at the start of the corporate earnings season: Inflation is still a hot topic for companies.Story Published at: October 24, 2022 at 05:55PM
Inflation is dominating the conversation on earnings calls. Here’s what execs are saying
U.S.-listed Chinese stocks drop 20% after Beijing’s power reshuffle makes the market ‘uninvestable’
The Invesco Golden Dragon China ETF, which tracks the Nasdaq Goldman Dragon China Index, plunged more than 18% to hit a new 52-week low. Story Published at: October 24, 2022 at 03:27PM
Rishi Sunak to be Britain’s new prime minister as rival Penny Mordaunt drops out
Rishi Sunak will be named the U.K.’s new prime minister Monday, following a fast-tracked Conservative Party leadership race initiated to fill the void left by Liz Truss’ resignation.Story Published at: October 24, 2022 at 02:09PM
Alibaba, Tencent shares plummet 11% alongside China tech stocks as Xi tightens grip on power
Investors fear Chinese President Xi Jinping’s tightened grip on power will lead to continued strict policies on the tech sector.Story Published at: October 24, 2022 at 12:16PM
JPMorgan president says a recession may be price to pay to beat inflation, market bottom not in yet
JPMorgan Chase President Daniel Pinto shared his views on inflation, the U.S. economy and markets in an exclusive CNBC interview. Story Published at: October 24, 2022 at 11:57AM
Fears of a severe recession deepen as European business activity slows on surging energy costs
European firms have been under pressure due to higher inflation, particularly coming from energy costs and wage pressures. Story Published at: October 24, 2022 at 10:56AM
Almost half of the ultra-rich haven’t figured out how to pass on their wealth, research finds
41% of investors with more than $1 million worth of assets have not planned how they will pass on their wealth, a report by UBS found. Story Published at: October 24, 2022 at 08:43AM
The UK’s Conservative Party is gearing up for a new leader. Here’s what to expect
The U.K. is gearing up to install a new prime minister this week — its fifth in six years — following the resignation of Liz Truss just 44 days into the job.Story Published at: October 24, 2022 at 06:14AM
Economies in Asia have the tools to manage economic headwinds, U.S. deputy Treasury secretary says
During the two-day APEC finance ministers’ meeting, countries pledged not to adjust exchange rates for competitive purposes.Story Published at: October 24, 2022 at 03:55AM
China reports third-quarter GDP grew by 3.9%, beating expectations
China reported Monday that third-quarter gross domestic product grew by 3.9% from a year ago, beating expectations.Story Published at: October 24, 2022 at 02:45AM