Wall Street ends mixed after punishing week

Wall Street ended mixed on Friday after a volatile session that saw Tesla slump and other growth stocks also lose ground. The S&P 500 and the Nasdaq logged their seventh straight week of losses, their longest losing streak since the end of the dotcom bubble in 2001. The Dow suffered its eighth consecutive weekly decline, […]

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Is China “uninvestible”?

Few chinese companies have caught the imagination of global investors like its technology firms. But they have suffered a catastrophic spell. At one point in March, they had lost about 70% of their value since their 2021 peak. On March 14th Alex Yao of JPMorgan Chase and his team published a set of gloomy reports […]

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India’s once-vaunted statistical infrastructure is crumbling

The modern Indian state has a proud statistical heritage. Soon after the country gained independence in 1947, the government resolved to achieve its development through comprehensive five-year plans. The strategy, though economically inadvisable, nonetheless required the creation of a robust data-gathering apparatus. In 1950 PC Mahalanobis, the leading light of Indian statistics, designed the National […]

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Stocks rout deepens as economy concerns pile up

Bets that robust earnings can help investors weather this year’s turbulence were thrown in doubt after US consumer titans signaled growing impact of high inflation on margins and consumer spending. Meanwhile, Federal Reserve officials reaffirmed that tighter monetary policy lies ahead, and investors fretted over stagflation risks. May 19, 2022 / 02:17 PM IST People […]

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A baby-formula shortage feeds criticism of corporate heft and price gouging

Throughout the pandemic shoppers have learned again and again about the fragility of supply chains. In America the latest product missing from supermarket shelves is infant formula. Whereas previous shortages, affecting everything from cars to couches, presented an inconvenience to consumers, a lack of nourishment for babies creates serious health risks. So the Biden administration […]

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Asian stocks wobble as growth doubts loom

Asia’s stockmarkets struggled to carry recent gains into a fourth straight session on Wednesday and the U.S. dollar steadied, as nagging doubts about inflation and the drag from rate rises crept back in to the global growth outlook. MSCI’s broadest index of Asia-Pacific shares outside Japan gave up earlier gains to trade around flat by […]

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Wall Street ends sharply higher, fueled by Apple

Wall Street finished sharply higher on Tuesday, lifted by Apple, Tesla and other megacap growth stocks after strong retail sales in April eased worries about slowing economic growth. Ten of the 11 major S&P sector indexes advanced, with financials, materials, consumer discretionary and technology all gaining more than 2%. Investors were cheered by data showing […]

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Wall Street ends sharply higher, fueled by Apple

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A baby-formula shortage feeds criticism of corporate heft and price gouging in America

Throughout the pandemic shoppers have learned again and again about the fragility of supply chains. In America the latest product missing from supermarket shelves is infant formula. Whereas previous shortages, affecting everything from cars to couches, presented an inconvenience to consumers, a lack of nourishment for babies creates serious health risks. So the Biden administration […]

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Asia markets gain despite global growth worries

Asian shares edged higher on Tuesday despite data reinforcing investor fears the global economic recovery may be more fragile than expected, even as inflationary pressures remain high. MSCI’s broadest index of Asia-Pacific shares outside Japan gained 0.84% on Tuesday, but is still down the index is down 6.7% so far this month. U.S. stocks ended […]

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Asia markets gain despite global growth worries

Disclaimer | Terms & Conditions | Privacy Policy | Cookie Policy | FAQs | Sitemap | Contact Us | Advertise with Us Network 18 Sites: News18 | Firstpost | CNBC TV18 | In.com | Cricketnext | Overdrive |Topper Learning Copyright © e-Eighteen.com Ltd All rights resderved. Reproduction of news articles, photos, videos or any other […]

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Asia stocks struggle after dire China data

Asian share markets were struggling to sustain even a minor rally on Monday after shockingly weak data from China underlined the deep damage lockdowns were doing to the world’s second-largest economy. China’s April retail sales plunged 11.1% on the year, almost twice the drop forecast, while industrial output dropped 2.9% when analysts had looked for […]

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Asia stocks try to bounce, China data a risk

Asian share markets were attempting a rare rally on Monday after Wall Street managed a bounce from deep lows, though investors were also braced for bad news from Chinese economic data due later in the session. Forecasts are for a fall of 6.1% in China’s annual retail sales, while industrial output is seen rising just […]

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