Visitors walk on the Bund in Shanghai, China, on Friday, February 12, 2021. Qilai Shen | Bloomberg | Getty Images BEIJING — Foreign companies are trying to hold on to lucrative opportunities in China, even if new regulations and the pandemic have made international operations harder. As these businesses watch a crackdown on domestic tech
Centers for Disease Control and Prevention Director Dr. Rochelle Walensky clarified her comments regarding Covid-19 booster shots after she told the Atlantic on Monday that she plans on getting a Covid booster shot, but wants to make sure those who are at higher risk get them first. “I am not at all concerned about supply,”
In this article WFC Charles Scharf, chief executive officer of Wells Fargo & Co., listens during a House Financial Services Committee hearing in Washington, D.C., U.S., on Tuesday, March 10, 2020. Andrew Harrer | Bloomberg | Getty Images Wells Fargo paid $37 million to settle a government lawsuit accusing the bank of defrauding hundreds of
Getty Images | filadendron Panic selling is common after stock market dips, and it’s more likely to happen with certain investors, according to research from the Massachusetts Institute of Technology. When the market drops, men over age 45 who are married with children and have self-described “excellent investment experience” are more prone to sell-offs, the
Robert S. Kaplan will exit his role as head of the Federal Reserve Bank of Dallas next month. Eric S. Rosengren, the head of the Federal Reserve Bank of Boston, is also retiring earlier than planned. Eric S. RosengrenSteven Senne/Associated Press Robert S. KaplanAnn Saphir/Reuters Two Federal Reserve officials embroiled in controversy for trading securities
Cryptocurrency exchange Coinbase is going deeper into traditional financial services, allowing users to deposit their paycheck directly into their online account. Coinbase said on Monday that U.S. users will be able to use the direct deposit service for any percentage of their paycheck. They can hold their money in dollars or immediately transfer it into
Kentucky and Tennessee won an important legal victory Friday when a federal court ruled that the American Rescue Plan Act (ARPA)’s restrictions on state fiscal autonomy were unconstitutional and enjoined (blocked) the enforcement of those provisions against both states. Specifically, Judge Gregory Van Tatenhove held that the ARPA provision, which limited states’ authority to cut
A home flipper surveys a property in Phoenix, Arizona. Joshua Lott | Bloomberg | Getty Images Home flipping has never been easy, no matter how much fun TV shows like “Flip or Flop” make it out to be. It’s been even harder lately, due to low supply, high prices and a run on housing triggered
Supporters wave flags at the Social Democrats (SPD) headquarters after the exit polls were broadcast on television in Berlin on September 26, 2021. ODD ANDERSEN | AFP | Getty Images German business leaders have voiced relief after the country’s federal election results quashed the possibility of the next government having a strong left-leaning slant. Preliminary
Jeff Bezos pops champagne after emerging from the New Shepard capsule after his spaceflight on July 20, 2021. Blue Origin Jeff Bezos has called Blue Origin his life’s most important work – and the hours he is devoting to the space company are growing accordingly. Historically, Bezos had dedicated Wednesday afternoons to either updates and
Getty Images Covid-19 has triggered unprecedented financial challenges for many individuals and families. Now, one survey shows just where many of them are feeling the pinch — their credit card balances. Bankrate.com finds that 42% of U.S. adults with credit card debt have increased those balances since the Covid-19 pandemic began in March 2020. The
In this article 6666-HK Wilmington Trust’s Meghan Shue is out with a contrarian playbook designed to help investors grab profits during volatility. Even as correction forecasts increase and risk appetites slump on Wall Street, she lists overweighting stocks as her first recommendation for those with 9 to 12 month time horizons. “Over that time frame,