Exchange-traded funds that invest in Chinese stocks were trading down Wednesday afternoon, deepening the ETFs’ losses this year after data showed China’s services sector cooled in June and as investors face heightened geopolitical tensions between the country and the U.S. Shares of the iShares MSCI China ETF MCHI were down…
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U.S. stocks ended lower on Wednesday with the S&P 500 snapping three-day winning streak after the minutes of the Federal Reserve’s last policy meeting showed almost all participants expected additional interest-rate increases after unanimously deciding to leave rates unchanged in June. Earlier, concerns about a faltering Chinese economy dampened risk appetite…
The agreement that President Joe Biden and House Speaker Kevin McCarthy reached recently to suspend the U.S. debt ceiling until 2025 avoided immediate turmoil in financial markets but does little to avert the crisis that may be brewing due to huge federal deficits. The deal cuts the 2024 deficit by $64.5 billion and…
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When you’re young, stress is all around you. You’re struggling to land the right job, pay the rent and find and maintain healthy relationships. It’s easy to think that once you retire, you’ll enjoy stress-free living. Older folks have the life experience and wisdom to put everything in perspective, right?…
Talk about threading the needle — Meta has been building hype for its Twitter copycat, Threads, this week — which is officially set to go live on Thursday morning. And because it’s an app that’s building off of Instagram user data, it could gain traction pretty quickly. The Thursday Threads…
German retail sales are expected to fall more than previously expected in 2023, according to the German retail federation HDE, with high inflation expected to squeeze consumer spending. Retail sales are seen falling by 4% in real terms, down from a previous estimate of a 3% contraction, the HDE said.…
I am not sure why hot dogs, cheap beer and fireworks are considered all-American, but I sure hope you enjoy them all and have a fabulous rest of the day! I enjoyed the long weekend, but I will be ready for trading tomorrow, and I hope you are, too.…
We’re headed into the busy summer wedding season, which means many folks will likely be traveling to attend those ceremonies — and in some cases, jetting across the globe. After all, destination weddings are becoming an ever-more popular way to celebrate that special day. One report says the worldwide market…