China Is A Relative Safe Haven in the Face of Global Banking Stress Citi Economists Say
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China's Gold Consumption Rises on Safe-Haven Demand
Chinese buyers, spooked by a protracted property slump and a recent stock-market rout, are rushing toward gold as economic uncertainty looms, propelling a global bullion rally.The Wall Street Journal - World - China -
Comex Gold Settles Higher, Silver Falls
Gold settled up 0.2% Friday, while silver fell 0.4%. For the week, both metals posted a loss.The Wall Street Journal - World -
Trump’s tariffs could overshadow the benefits of his tax cuts, economists say
As analysts assess what a second Trump administration could mean for the U.S. economy, one team from Oxford Economics is forecasting that the proposed tariffs could eclipse any boost from tax cuts.MarketWatch - Business - Donald Trump -
Conservation is saving species, global study says
A first-of-its-kind study shows conservation is worth investing in, researchers say.BBC News - Top stories -
Antony Blinken meets with China's President Xi as US, China spar over bilateral and global issues
U.S. Secretary of State Antony Blinken has met with Chinese President Xi Jinping and senior Chinese officials in BeijingABC News - World - China -
New home sales inch higher despite 7% mortgage rates: 'There's more opportunity,' economist says
Buyers are highly considering newly built homes amid a shortage of available homes in the U.S. Here's what this means and where prices are standing.CNBC - Business -
Biden promise to rival China on shipbuilding faces a big economic problem
President Biden wants to bring shipbuilding back to the U.S. in economic rivalry with China and to boost domestic steel. Economic reality isn't on his side.CNBC - Business - Joe Biden -
Europe faces ‘mortal’ threat, says Macron
French president calls for massive investment push and EU reforms in second Sorbonne speechFinancial Times - World - Europe -
Europe faces ‘mortal’ threat, says Macron
French president calls for huge investment push and EU reforms in Sorbonne speechFinancial Times - Business - Europe -
Relative measures can be absolutely wrong
Comparing one data point with another can be misleading, nonsensical or even dangerous.Financial Times - Business -
Global battery rollout doubled last year – but needs to be six times faster, says IEA
Energy watchdog warns pace must accelerate to hit targets after new batteries increased capacity by 130%. The rollout of batteries across the global electricity industry more than doubled last year but will need to be six times faster if the world ...The Guardian - World -
Cannabis banking measure to be left out of FAA bill, industry exec says
Dutchie’s Bryan Barash said he’s disappointed that the SAFER Banking Act won’t be included in FAA funding bill.MarketWatch - Business -
A message to economists: geopolitics matters too
Western policymakers ignore changing global power relations at their perilFinancial Times - World -
Apple Says It Was Ordered to Pull WhatsApp From China App Store
Apple said it removed WhatsApp and Threads from its China app offerings Friday on Beijing’s orders, amid technological tensions between the U.S. and China.The New York Times - Tech - Apple -
Xi tells Blinken US should avoid ‘vicious competition’ with China
Secretary of state’s trip to Beijing comes as tensions remain over Taiwan, war in Ukraine and tech export controlsFinancial Times - World - China -
Blinken says he challenged China's Xi on Russia war support
America's top diplomat and the Chinese president have held talks in Beijing as both sides seek to stabilise relations.BBC News - Top stories - China -
Blinken says China helping fuel Russian threat to Ukraine
The US Secretary of State was speaking to the BBC at the end of a three-day trip to China.BBC News - Top stories - China -
US has seen evidence of attempts by China to influence election, says Blinken
Secretary of state met Xi Jinping in Beijing and warned of sanctions over China’s support for Russian arms industry. Washington has seen evidence of attempts by Beijing to “influence and arguably interfere” in this year’s US elections, the ...The Guardian - World - China -
Deloitte Study: Women Are More Stressed--but Hybrid Helps
A new report found that women still face many challenges at work, including high stress, microaggressions, and poor work-life balance.Inc. - Business -
Bank of Canada Officials Split on How Soon Rate Cuts Could Start, Minutes Say
Senior Bank of Canada officials were divided on how soon the central bank could start cutting interest rates, although they agreed cuts should proceed gradually given the risk of inflation reaccelerating, according to a summary of deliberations ...The Wall Street Journal - World -
Woman, 74, who allegedly robbed bank may have been scam victim, family says
Ann Mayers entered AurGroup Credit Union on April 19 and "demanded money while displaying a handgun," police said.CBS News - Top stories -
Chip sector due a May bounce with Nvidia near ‘trough valuation,’ say Bank of America strategists
The big-tech trade is having a wobble. But chip stocks are due a rebound, say Bank of America strategists.MarketWatch - Business -
Main Street isn’t saving and Wall Street isn’t shorting in an ‘Anything But Bonds’ bull market, says Bank of America
The U.S. government has spent $6.2 trillion over the last 12 months, and investors seemed to have noticed.MarketWatch - Business -
Gold's price is high. Is it still safe to invest in?
Gold has long been thought of as a safe investment. But is it still safe after recent price growth? Find out here.CBS News - Top stories -
How economists could make themselves more useful
There is a gap between the research supplied by academia and what policymakers actually wantFinancial Times - World -
How economists could make themselves more useful
There is a gap between the research supplied by academia and what policymakers actually wantFinancial Times - Business -
India markets face an 'inevitable' correction if Modi's election win disappoints, Bernstein says
The results of India's general elections could be the reason for a correction in the Indian stock market, according to Bernstein.CNBC - Business - India -
UN report says 282M people faced acute hunger in 2023, with worst famine in Gaza
A new report says nearly 282 million people in 59 countries suffered from acute hunger in 2023, with war-torn Gaza hosting the largest number of people facing famineABC News - Health - United Nations -
San Diego official says city is ‘new epicenter’ of border crisis
A San Diego official on Thursday dubbed his city the “new epicenter” for the border crisis and criticized California for “inflicting this upon ourselves.” “San Diego is the new epicenter for migrants and illegal immigration,” San Diego District 5 ...The Hill - Politics -
'Silk' Review: Unspooling a Global Commodity
For thousands of years, moth larvae have been farmed for silk. Industries and economies still rely on the precious fibers.The Wall Street Journal - World -
You’ve Been Dealing with Stress All Wrong, According to Neuroscience
Common advice on how to counter stress can keep you stuck in an unhealthy stress loop.Inc. - Business -
‘Movement will persist’: Advocates stress Weinstein reversal doesn’t derail #MeToo
Harvey Weinstein's accusers and their advocates were shocked and angered by an appellate court’s decision to overturn the ex-movie mogul’s 2020 rape convictionABC News - Entertainment -
Geely-backed luxury EV brand Zeekr says it's already beating Tesla in parts of China
EV brand Zeekr is selling more cars than Tesla in parts of China, and plans to expand in Europe and Latin America this year, Zeekr CEO Andy An told CNBC.CNBC - Business - China -
China's Xi says the U.S. needs to accept Beijing's rise for bilateral relations to improve
U.S. Secretary of State Antony Blinken met with Chinese President Xi Jinping in Beijing on Friday.CNBC - Business - China -
Relatives of those who died waiting for livers at now halted Houston transplant program seek answers
Several relatives of patients who died while awaiting a new liver say they want to know if their loved ones were wrongfully denied a transplant by a Houston doctor accused of manipulating a hospital waitlistABC News - Health -
With 3 Words, Economists Explain the Real Reason There Are So Many Bad Bosses
The Peter Principle explained.Inc. - Business -
Global delegates negotiate plastic pollution treaty
Representatives from across the world are gathering in Ottawa, Canada, to negotiate a potential treaty to limit plastic pollution. CBS News national environmental correspondent David Schechter has the latest on the talks.CBS News - Top stories -
Top 20 Global Concert Tours from Pollstar
AP Global Top 20 Pollstar Week of 04/29/24ABC News - Entertainment -
Investment Banking Lifts Deutsche Bank Profits
Deutsche Bank said its first-quarter profit rose 10% as its investment-banking business beat expectations.The Wall Street Journal - World -
Investment Banking Lifts Deutsche Bank Profits
Deutsche Bank said its first-quarter profit rose 10% as its investment-banking business beat expectations.The Wall Street Journal - Business