Business

Yellen Says Inflation Remains Biden’s No. 1 Priority As Democrats Face Election Onslaught

Gary Kaltbaum of Kaltbaum Capital Management on multiple CEOs sounding alarm bells about the economy and Janet Yellen’s comments on inflation in ‘Cavuto: Coast to Coast.’ Fighting record inflation remains a top priority for the Biden administration, Treasury Secretary Janet Yellen said Monday, addressing growing concern about the state of the US economy ahead of …

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This hedge fund manager who made winning bets on 2020 says investors should prepare for a decades-long bear market.

On the heels of last week’s bullish turn in stocks, the market was off to a mixed start on Monday. Hong Kong stocks may be weighing on the mood with a big drop after China’s leader consolidated his power. And we are entering the Fed’s blackout period ahead of next week’s meeting which is expected …

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China GDP: Hong Kong shares fall 6% on fears over Xi’s third-term win data

Hong Kong CNN Business — Hong Kong stocks had their worst day since the 2008 global financial crisis, just one day after Chinese leader Xi Jinping ensured his iron grip on power a an important political meeting. Foreign investors frightened by the result of the reorganization of the leadership of the Communist Party abandoned Chinese …

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Dollar Absorbs Suspected Yen Intervention; mixed data from China

https://tmsnrt.rs/2zpUAr4 The dollar hit against the yen by the alleged intervention of the BOJ Stocks trim early gains as China markets ease China’s GDP beats forecasts, but retail sales disappoint Stg flat as Boris Johnson drops out of the PM race SYDNEY, Oct 24 (Reuters) – The U.S. dollar on Monday weathered another purported flurry …

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The economy may be in better shape than you think… for now

A version of this story first appeared in CNN Business’s Before the Bell newsletter. Not a subscriber? you can register right here. New York CNN Business — the real-estate market it is rapidly losing strength. Interest rates keep climbing. the stock Exchange remains volatile. Y inflation it’s still a major problem for people trying to …

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Nasdaq halts small Chinese company IPOs as it probes stock rallies

NEW YORK, Oct 22 (Reuters) – Nasdaq Inc. (NDAQ.O) has slowed initial public offering (IPO) preparations for at least four small Chinese companies while investigating short-lived stock rallies by said companies after their debuts, according to lawyers and bankers working on such stock launches. The stock trader’s actions come amid a surge in shares of …

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“My Price Will Only Go Up”: Collectors Bet On Nostalgia As They Resell McDonald’s Happy Meals For Adults

One of the most fascinating things about the collectibles business is the way items are assigned value relative to other elements that can appear almost identical to strangers. For example, I once saw a man get on a Kentucky Liquor Store parking lot and installed about a dozen bourbon bottles on the tailgate of his …

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