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Latest Stories

  • How Saudi Arabia could create a crisis for Russia's economy

    Saudi Arabia has signaled that is is ready to flood the market with oil if OPEC doesn't commit to curbing supply. That bodes ill for Russia.

  • Net Worth for Retirees: How To Tell Whether You’re Poor, Middle Class or Rich

    In retirement, net worth shows the total result of a lifetime's savings, debts and investments. This measure is often more insightful than income, as it reveals your financial stability and whether...

  • 34 People Revealed Their Shockingly High-Paying Jobs, And Now I Need A New Career

    "With a lot of hard work and a little luck, anyone can make over $100k out here."

  • Lawsuit Accuses Kanye West of Drugging and Sexually Assaulting Ex-Assistant During Diddy Studio Session

    Lauren Pisciotta, who worked for West from 2021 to 2022, said a studio assistant served her a laced drink at West's request

  • Biden is going after corporate giants for being too big. Here's who he's targeted so far.

    Biden's administration has launched antitrust investigations into large corporations like Google, Apple, Meta, Amazon, Microsoft, and OpenAI.

  • China targets European firms in anti-subsidy probe into EU dairy

    China on Monday singled out Dutch firm FrieslandCampina as well as French and Italian companies in an anti-subsidy probe into dairy imports from the European Union, after lawmakers from these countries voted for tariffs on Chinese electric vehicles. The world's second-largest economy launched the investigation into imports of some cheese, milk and cream from the European Union in August. Details of the probe come after EU members on Oct. 4 voted in favour of imposing tariffs of up to 45% on imported Chinese EVs.

  • Fact check: Is Europe's car industry in crisis?

    The plight of Europe’s automotive sector — and its impact on the economy and jobs — has become a hot political topic.View on euronews

  • Exclusive-HSBC probes China Pinnacle wealth business on costs and control, say sources

    HSBC Holdings Plc is reviewing expenses and operational controls at its China digital wealth business Pinnacle, in a move that could result in layoffs and mark an abrupt reversal of the lender's ambition for the unit, several sources said. As part of the review, the lender is looking at staff salary structures and probing whether suppliers inflated expenses, contributing to a sharp spike in costs that outpaced revenues, according to five sources familiar with the matter. The review, which has not been previously reported, started a few months ago, the sources said, requesting anonymity because the conversations are confidential.

  • More than 400 7-Eleven US stores to close by end of the year

    The Japanese parent company of 7-Eleven stores said it would be closing underperforming stores in the U.S.

  • Paris Motor Show opens during a brewing EV trade war between the EU and China

    Auto manufacturers competing to persuade drivers to go electric are rolling out cheaper, more tech-rich models at the Paris Motor Show, targeting everyone from luxury clients to students yet to receive their driving licenses. Chinese manufacturers are attending in force, despite European Union threats to punitively tax imports of their electric vehicles in a brewing trade war with Beijing. Long-established European manufacturers are fighting back with new efforts to win consumers who have balked at high-priced EVs.

  • How Much The Average Retiree Takes Home in Every State

    Social Security benefits, pensions, paychecks from post-retirement gigs, withdrawals from retirement accounts, annuities, CDs and bonds: they can all be a part of retirement income, which if you're...

  • Boeing strike has already cost the company and workers $5 billion, new analysis shows

    The multi-billion-dollar tab highlights the difficulties facing the aircraft maker, once a byword for American quality.

  • The majority of US 50-somethings worry about running out of cash in retirement — 4 tactics to steal from your kids

    Millennials have mastered money management.

  • The Remarkable Evolution of the Electric Vehicle

    The electric car, once a niche product, has seen a resurgence in recent years, driven by technological advancements, government incentives, and growing consumer awareness.

  • Inside China's bid to build sway over global metals pricing

    China is locking in steps to shape the pricing of the vast quantities of industrial metals it produces and consumes, with moves to attract foreign firms to trade on Shanghai's futures exchange, which would eventually fragment global markets. After buying mining assets around the world over the past two decades to secure metals needed for industrialisation and more recently to meet its carbon emissions targets, China now wants a bigger say in how prices of those metals are determined. But it has lost market share in metals futures trading and needs to persuade international investors to use the Shanghai Futures Exchange (ShFE), according to interviews with more than 10 brokers, traders, analysts, risk managers and consultants with direct knowledge of ShFE's plans.

  • 3 US Stocks With Estimated Discounts To Fair Value Ranging From 22.2% To 36.7%

    As major U.S. stock indices like the S&P 500 and Dow Jones Industrial Average reach record highs, buoyed by strong bank earnings and favorable inflation data, investors are increasingly optimistic about the economic outlook. In this environment of rising markets, identifying undervalued stocks can offer potential opportunities for those looking to capitalize on discrepancies between market prices and intrinsic values.

  • Oil slides 2% as OPEC lowers demand forecast, China stimulus lacks clarity

    Oil slid 2% as markets assessed China's stimulatory plans and OPEC lowered its demand growth forecast.

  • China's exports miss forecasts as lone bright spot fades

    STORY: China's export growth slowed sharply in September while imports also unexpectedly decelerated.Monday's (October 14) data undershot forecasts by big margins.It also suggested manufacturers have slashed prices to move inventory ahead of tariffs from several trade partners.Export momentum had been one bright spot for a Chinese economy that has struggled to gain traction recently.It faces weak domestic demand and a property market debt crisis, which has added to the urgency for stronger stimulus.Customer data showed outbound shipments from China grew 2.4% year-on-year last month.That's the slowest pace since April, and missed analyst forecasts by a wide margin.Imports edged up 0.3% but again missed expectations for a near 1% rise. China also faces increased trade restrictions.The European Commission earlier this month imposed further duties on electric vehicles built in China.It joins the U.S. and Canada in tightening trade measures against the country.A recent factory owners survey also showed manufacturing activity shrank sharply in September. New export orders have fallen to their worst in seven months.Last week, the head of China's state planner said he was "fully confident" of achieving the government's full-year growth target of around 5%.Analysts believe it will take a long time to restore consumer and business confidence and get the $19 trillion economy on a more solid footing.

  • Telecoms group VEON to move headquarters to Dubai after Amsterdam delisting

    VEON, the owner of Ukraine's leading mobile operator Kyivstar, said on Monday that it plans to move its group headquarters from the Netherlands to the United Arab Emirates, in an attempt to boost visibility among Gulf investors. After its delisting from Amsterdam, VEON will complete its relocation from the Netherlands - where it moved in 2010 - to Dubai by the end of the second quarter of 2025. According to data compiled by LSEG, the telecoms group would become the largest Nasdaq-listed company headquartered in Dubai.

  • Middle East supply disruption potential could send oil above $100/bbl, Citi says

    The bank upgraded its bull case for the fourth quarter of 2024 and first quarter of 2025 to $120 per barrel (bbl) from $80/bbl. However, "we maintain our baseline forecast for $74/bbl Brent in 4Q'24 and $65/bbl during 1Q'25, owing to weak underlying oil market fundamentals," Citi added.