U.S. retail sales fell a seasonally adjusted 0.7% in December from the month before, a decline Wall Street analysts weren’t expecting. Sales also fell in October and November. The report covers only about a third of overall consumer spending. Services such as haircuts and hotel stays, which have been badly
Huge triumph or unmitigated disaster? The inclusion of Tesla in the S&P 500 comes with high hopes and ominous forebodings. Shares of Elon Musk’s company rose to a record high on Friday in a frantic day of trading as investors geared up for the electric carmaker’s much anticipated entrance into
China’s central bank head said on Tuesday that China is not going to follow other countries in significantly loosening monetary settings, adding that has ample options to help prop up slowing growth. People’s Bank of China governor Yi Gang is therefore maintaining its cautious approach to stimulating the economy. The
Fed Chairman Jerome Powell pushed back against perceptions that the U.S. economy was tilting into a recession, while leaving the door open to further interest-rate cuts to keep the country’s record economic expansion on track. Speaking Friday in Zurich, Powell said consumer spending and support from monetary policy should help
When ground was broken in March 2017 for a new US$9 billion factory owned by a subsidiary of Foxconn Group, the event was witnessed by then Guangdong party secretary Hu Chunhua and Terry Gou Tai-ming, the Taiwanese billionaire who created Foxconn, the world’s largest assembler of Apple’s iPhones and tablets.
Foreign investors have fled stock markets after the budget. The Sensex is down nearly 2,500 points. Small and midcap stocks have fallen even faster. Beyond the budget, other problems are growing too. They add up to a discouraging message: Foreigners, enter India at your own risk. Andhra Pradesh chief minister
Nicole Junkermann is the founder of NJF Holdings. As a business leader she is focused primarily on the crossover between the media and technology sectors. Junkermann is a German born and London-based entrepreneur and investor. NJF Holdings includes NJF Capital, NJF Private Equity, NJF Real Estate and The JJ Collection. Junkermann. born