China's property crisis raises concerns about a potential "Lehman Moment" and investors are eagerly waiting to see how Beijing will handle the mounting problems.
Copper is caught between the old Chinese super-cycle and the new energy transition super-cycle, with fund managers uncertain about the direction it will take.
Chongqing is the world's largest city by administrative boundaries, Tokyo is the largest city by urban area, and Tokyo is also the largest city by metropolitan area.
Financial uncertainty in China has led to a lacklustre second half for Hong Kong's retail sales, increasing the risk of deflation and undermining consumer confidence, according to PwC.
China's big five state-owned banks are expected to see a decline in revenue and narrower net interest margins as they face challenges such as low credit demand and pressure to support the economy amid a debt crisis in the property sector.
CNBC's Jim Cramer recommends investing in consumer packaged goods stocks as a protection against a potential economic slowdown. He suggests considering companies like Pepsico and Mondelez, which have seen dips in their stock prices.
American car buyers are facing increasing challenges in purchasing new vehicles due to inflation and rising interest rates, with the average monthly new car payment reaching around $750, creating potential financial strain for many buyers, especially those in subprime categories, and the resumption of student loan payments may further exacerbate the situation, impacting carmakers and potentially leading to price adjustments in the market.
Despite the optimism from some economists and Wall Street experts, economist Oren Klachkin believes that elevated interest rates, restrictive Federal Reserve policy, and tight lending standards will lead to a mild recession in late 2023 due to decreased consumer spending and slow hiring, although he acknowledges that the definition of a recession may not be met due to some industries thriving while others struggle.
Inflation is causing a decline in affordability for average working individuals, with prices on everyday necessities such as groceries, gasoline, and housing rising significantly in the past two years due to government spending and the Fed's money-printing.
China's economic troubles could lead to lower oil prices and subsequently lower gasoline prices, providing relief for consumers and potentially impacting global energy markets.
The weakening of the U.S. dollar could benefit companies that export products and services, while importers may have to pay more for the goods they bring in, leading them to hold off on purchases. However, a more stable dollar can benefit both importers and exporters.
Tourism revenue in Greece is on track to exceed €20 billion this year, surpassing the record set in 2019, with first-half revenue reaching €6.174 billion, a 14.1% increase from the same period in 2019.
The Eastsound Water Users Association is facing allegations of financial misconduct, with the General Manager taking unauthorized compensation and the Board failing to address the issue, leading to increased member rates and a failure to implement anti-bullying policies. Members are urged to review the evidence, sign a recall petition, and participate in a meeting to vote on the recall to protect the Association.
The hottest summer ever recorded is taking an economic toll as workers adapt to extreme heat, potentially costing the economy $100 billion a year and leading to even higher costs in the future if carbon emissions aren't reduced or businesses don't adapt, according to a report by the Atlantic Council.
The BRICS summit, which aims to establish a new world monetary order and give voice to underrepresented nations, is criticized for being a nebulous concept without concrete achievements and is primarily centered around China.
China's leader Xi Jinping assures the BRICS group that China's economy remains resilient and its long-term growth fundamentals are unchanged, despite challenges such as a property slump and weak consumer spending.
China's President Xi Jinping reassured the BRICS group that China's economy is resilient and its long-term growth remains unchanged, despite challenges such as a property slump and weak consumer spending.
The U.S. tax system, along with biased property assessments and appraisals, creates barriers to homeownership for Black Americans and widens the racial wealth gap, highlighting the need for reforms such as wealth-based tax credits and greater transparency in the tax system.
Macy's reports strong second-quarter profits and sales that beat Wall Street expectations, despite heavily discounting spring goods, citing uncertainty about the economy in the second half of the year and a rise in credit card delinquencies.
Canada's main stock index, the S&P/TSX Composite Index, is expected to rise 3.5% by year-end due to concerns over China's slowdown and higher borrowing costs, but it may experience a correction, according to a Reuters poll of portfolio managers and strategists.
A visual representation of the G20's corporate subsidies reveals that China and the US are responsible for a significant number of market distortions, with China's subsidies primarily consisting of financial grants and the US offering grants, loans, and production subsidies; the onset of the COVID-19 pandemic led to a surge in market distortions in 2020.
The Missoula City Council approved a budget with a 9.78% tax hike, prompting warnings of tougher budget deliberations in the future due to rising costs and decreased levels of service.
Investing in farmland may not be negatively affected by a potential recession, as farmland returns have a positive correlation with inflation and the industry has low leverage, making it a wise investment opportunity, according to Bruce Sherrick, a professor at the University of Illinois. Additionally, the steady supply of land sales and strong demand from farmers have likely supported the resilience of real estate values in 2023, despite higher interest rates.
Indian Prime Minister Narendra Modi has left for South Africa to participate in the 15th BRICS Summit, where he will discuss issues of concern for the Global South and development, highlighting India's economic reforms and digital transactions.
Late payments on credit card balances are surging, potentially signaling a recession, as delinquencies hit an all-time high among commercial banks outside of the top 100, according to Wells Fargo.
UK government debt interest hit a record high in July, totaling £7.7 billion, increasing the country's debt-servicing costs and raising concerns about its credit rating ahead of upcoming assessments by credit ratings agencies.
US payroll growth in the year through March may have been weaker than originally reported, with estimates suggesting there were 500,000 fewer jobs than previously stated, potentially impacting the Federal Reserve's decision on further rate hikes.
The Federal Reserve must consider the possibility of a reacceleration of the economy, potentially impacting its inflation fight, as retail sales in July were stronger than expected and consumer confidence is rising, according to Richmond Fed President Thomas Barkin.
The US Federal Reserve must consider the possibility of the economy reaccelerating rather than slowing, which could have implications for its inflation fight, according to Richmond Fed President Thomas Barkin. He noted that retail sales were stronger than expected and consumer confidence is rising, potentially leading to higher inflation and a need for further tightening of monetary policy.
Representative Ro Khanna believes that investing in America's steel industry would not only be symbolic of the nation's manufacturing power, but also help the U.S. to achieve its climate goals and create jobs for American workers.
Russian President Vladimir Putin has called for measures to control rising inflationary risks in the country and maintain a high level of industrial output, as he prepares for re-election and deals with the strain of military operations in Ukraine.
Russian President Vladimir Putin has acknowledged the rising risks of inflation and has urged the government and central bank to keep the situation under control, as soaring prices could pose a threat to living standards and his upcoming re-election bid, while Russia's budget is also strained due to its military operation in Ukraine.
Women in rural China who marry men from outside their village, known as "married-out daughters," are facing the loss of their rights to land that legally belongs to them, despite the Communist Party's promise to emancipate women from feudalism.
Goldman Sachs warns that a US government shutdown is likely to occur in 2023 due to lawmakers' failure to agree on a budget, which could negatively impact stocks and economic growth.
Chinese President Xi Jinping and former Brazilian President Luiz Inácio Lula da Silva emphasized the need for the Global South to have more influence, as they attended a summit with other BRICS leaders to discuss boosting their presence on the world stage and possibly introducing a common unit of currency.
The BRICS nations have caught up with the G7 in terms of collective GDP, but still lag behind in terms of GDP per capita, according to the IMF.
The median FTSE 100 CEO in the UK was paid 118 times more than the median full-time worker, with bosses receiving average pay increases of around $5m in 2022 amid a cost-of-living crisis, according to a study by the High Pay Centre think tank. Workers unions criticized these findings, calling it a "land of grotesque extremes" while highlighting the struggle of households dealing with rising living costs.
Rice prices are soaring globally due to factors like higher fertilizer costs, droughts, and India's ban on some rice shipments, which is putting vulnerable populations in poor countries at risk.
The Chairman of the Economic Advisory Council to the Prime Minister, Bibek Debroy, stated that the government is losing revenue due to the Goods and Services Tax (GST), which should ideally have a single rate and be revenue neutral. He also highlighted concerns about the high tax expectations of citizens and the need for tax reforms to eliminate exemptions. Additionally, Debroy mentioned the challenge posed by the aging population after 2035 and the need for the creation of more productive and higher-value jobs in India.
The recent rise in interest rates is causing credit to become more expensive and harder to obtain, which will have significant implications for various sectors of the economy such as real estate, automobiles, finance/banks, and venture capital/tech companies. Rising rates also affect the fair value of assets, presenting both opportunities and risks for investors.
An economic crisis in China is unlikely to have a major impact on the US due to limited exposure in terms of investments and trade, and it may even benefit the US by lowering inflation, according to economist Paul Krugman.
Pakistan's rupee dropped to a record low due to the easing of import restrictions, which has increased demand for the dollar.
The internet-based economy in China contributed to over 90% of the overall growth of new economic engines last year.
Canada will challenge the "unfair, unjust and illegal" U.S. duties on Canadian softwood lumber products, as the trade dispute over the structure of Canada's timber sector continues.
UK factory output has fallen sharply to its lowest level in nearly three years, indicating that Bank of England interest rate increases are slowing the economy, according to the latest manufacturing snapshot from the CBI.
Despite a slight increase in Canada's inflation rate last month, the Bank of Canada remains determined to bring it down to 2%, with the possibility of another rate hike being considered in September. However, some economists believe that the positive overall figures may allow the Bank to pause on rate increases without a significant negative impact.
Chinese property developer Evergrande has filed for Chapter 15 bankruptcy protection in the U.S., raising concerns about China's debt crisis and a possible economic slowdown in the world's second-largest economy.
Experts are divided on whether the US Federal Reserve should raise its interest rate target to 3% to combat inflation and cushion against recessions, with some arguing that raising inflation targets would be futile.
Arm Holdings, backed by SoftBank Group, plans to choose a US IPO as it faces a 1% decline in annual revenue, indicating a slowing smartphone market, and its stock market launch is expected to revive a lacklustre IPO market.
Debt-ceiling standoffs should not be seen as political gimmicks, as they have a predictable and significant impact on firm profitability, growth prospects, and uncertainty. Managers should be proactive in preparing for these crises and capitalize on opportunities that arise.