Asia Markets Mixed As China Stocks Hit Near 6year Low Yen Hits 9month Intraday High
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China's Export Boom Means Trump Tariffs Would Hit Beijing Where It Hurts
The country’s economy is increasingly reliant on foreign demand for goods pouring out of Chinese factories.The Wall Street Journal - 2d -
Brown-Forman laying off 648 people as stock price hits 10-year low and sales decline
Jack Daniels whiskey maker Brown-Forman Corp. said Tuesday it would cut 12% of its work force or about 648 jobs in the face of a 10-year-low in its stock price and four straight quarters of ...MarketWatch - 20h -
Moderna’s stock tumbles to post-COVID lows after revenue outlook disappoints
Moderna’s stock tumbles after a disappointing outlook for revenue and the need to accelerate its cost-cutting plan.MarketWatch - 1d -
Starmer aims to refocus attention on growth after hit from markets
UK PM pledges to be ‘best state partner’ for AI companies as he faces ominous economic and political backdropFinancial Times - 1d -
Crude hits 6-month high as new US sanctions trigger global supply fears
Brent crude tops $81 a barrel after Washington targets Russian oil revenuesFinancial Times - 1d -
FirstFT: Dollar hits 2-year high as interest rate assumptions change
Also in today’s newsletter, China’s trade surplus reached a new record and the reinvention of El SalvadorFinancial Times - 2d -
ECB’s chief economist warns of too-low inflation if rates stay high
Philip Lane points to dangers of borrowing costs that remain ‘too high for too long’Financial Times - 2d -
China’s trade surplus hits annual record of almost $1tn
Rise in exports expected to increase tensions with US and other trade partnersFinancial Times - 2d -
Lindsey Vonn’s comeback hits a new high; Lauren Macuga wins first World Cup race
Lindsey Vonn’s stellar return to alpine skiing at age 40 continued and a rising 22-year-old American teammate announced her arrival. On Saturday in St. Anton, Austria, Vonn finished sixth place in ...Yahoo Sports - 2d -
Uranium prices hit record as thirsty AI data centres add to market squeeze
Industry pressured to build new conversion facilities to cover end of US import waiver and impact of Ukraine warFinancial Times - 3d -
How California wildfires are hitting the state’s housing market
Insurance companies have refused to renew policies for hundreds of thousands of homes in recent yearsFinancial Times - 4d -
Friday's jobs report could present a mixed view of the labor market. Here's what to expect
Economists expect the Bureau of Labor Statistics to report a gain of 155,000 jobs, a step down from the surprising 227,000 increase in November.CNBC - 5d -
Lula Disapproval Hits New High With Brazilians Pessimistic About Economy
Yahoo News - 5d -
Whitehall braced for spending cuts after UK hit by bond market turmoil
Rising gilt yields mean government departments may face further squeezeFinancial Times - 5d -
Firefighting aircraft hit by drone
A Canadian Super Scooper plane was hit by a drone while flying over the Palisades Fire. The plane is expected to fly again, but as KNBC's David Biggar reports, the FAA is investigating as flying ...NBC News - 5d -
Oilers Don't Need Hits To Be Winners
The Edmonton Oilers aren't the only team that is bucking the trend.Yahoo Sports - 5d -
UBS’s stock hit its highest level in 16 years. The good news is the bank is about to get fined hundreds of millions of dollars.
UBS stock reached a new 16-year high after the Wall Street Journal said the bank is about to get fined hundreds of millions of dollars.MarketWatch - 5d -
Canadiens Players Hit Hardest By Taxes
The Hockey News had a tax expert produce tax returns for player earning $3 million USD in all 32 markets and the data shows the Canadiens' player really are hit the hardest by taxes.Yahoo Sports - 5d -
China’s bond market is screaming deflation
Investors to Beijing: C-, must do betterFinancial Times - 5d -
Civil servant long-term sickness hits post-pandemic high in UK
Ministry of Justice was department with highest average length of absenceFinancial Times - 6d -
'Music is back' as vinyl and streaming help sales hit a 20-year high
Albums by Billie Eilish, Taylor Swift and Coldplay pushed sales of recorded music to a record £2.4bn.BBC News - Jan. 8 -
China’s currency hits 16-month low on Trump tariff fears
Renminbi under pressure from stronger dollar and concerns about incoming US president’s trade plansFinancial Times - Jan. 8 -
Tents arrive for survivors of quake that hit holy city in freezing high-altitude Tibet, killing 126
Rescue workers in the freezing, high-altitude Tibet region are searching for more survivors and victims, one day after a strong earthquake leveled thousands of houses and killed at least 126 people ...ABC News - Jan. 8 -
Is the US stock market in bubble territory?
Valuations might be frothy but don’t seem nuttyFinancial Times - Jan. 7 -
FirstFT: US corporate bankruptcies hit 14-year high
Also in today’s newsletter, Trump reiterates ambition to buy Greenland and Wall Street’s top regulator steps downFinancial Times - Jan. 7 -
US corporate bankruptcies hit 14-year high as interest rates take toll
Consumer companies such as Party City hit by persistent inflation and weak spendingFinancial Times - Jan. 7 -
Starmer Hits Back at Musk
PM attacks those “spreading lies” on grooming gangs.BBC News - Jan. 6 -
China’s yuan hits 16-month low amid fears over Trump tariffs
CSI 300 blue-chip stock index also trades weakly, hitting its lowest point since September. China’s currency hit a 16-month low on Monday, despite efforts by the central bank and stock exchanges to ...The Guardian - Jan. 6 -
Mortgage rates inch up to start the year at a near six-month high. Will the housing market become more affordable in 2025?
The 30-year mortgage rate averaged at 6.91%, Freddie Mac said in its latest weekly survey on Thursday.MarketWatch - Jan. 4 -
U.S. Car Sales Hit a Five-Year High in 2024
Years of effort ironed out supply chain problems, eliminated shortages, but lower interest rates made the difference in the return to pre-pandemic sales levels.Inc. - Jan. 3 -
SPFL appeals for witnesses after Engels hit by coin
The Scottish Professional Football League has appealed for fans to contact Police Scotland with information that will help find whoever threw a coin that struck Celtic midfielder Arne Engels during ...BBC News - Jan. 3 -
Sabres Hit New Low In Latest Epic Collapse
The Sabres suffered another ugly loss, this time to the Avalanche.Yahoo Sports - Jan. 3 -
Chinese stock market slump deepens with bond yields hitting record lows as PBOC reportedly signals rate cuts
Economic data on tap appeared thin on Friday, while investors in Asia continue to assess China's monetary easing policy, political chaos in South Korea.CNBC - Jan. 3 -
Two dead after plane hits factory roof near LA
Police say that 18 people were also injured during the incident in Fullerton, California.BBC News - Jan. 3 -
U.S. dollar index hits more than two-year high as markets brace for Trump return
Optimism around the U.S. economy was in focus as markets reopened following disrupted trade over Christmas and the New Year's holiday.CNBC - Jan. 2 -
China Hits Dozens of U.S. Companies With Trade Controls
The move was the latest escalation in the back and forth between Beijing and Washington over products considered vital to national security.The New York Times - Jan. 2 -
China hits dozens of U.S. companies before expected Trump tariffs
China's Ministry of Commerce adds 28 U.S. entities to export control list to "safeguard national security and interests."CBS News - Jan. 2 -
Cruise ship stomach bug illnesses hit 12-year high: CDC
Cruise ships saw the highest number of stomach bug illnesses since 2012 with 16 outbreaks that impacted 1,894 passengers.The Hill - Jan. 2 -
How marketing pushed these three indie films into box office hits
Despite major obstacles, some indie films thrived this year. Yes, they were artistically accomplished, but inventive ad campaigns also helped draw in crowds.Los Angeles Times - Jan. 2 -
China stocks lead losses in Asia as manufacturing slows; Singapore annual GDP growth rises to 4%
China's Caixin/S&P Global manufacturing purchasing managers' index for December fell to 50.5, missing economists' estimates of 51.7 in a Reuters poll.CNBC - Jan. 2
