Simone Del Rosario
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Foreign investors dump Chinese stocks as Xi Jinping tightens power grip
International investors are fleeing China as President Xi Jinping tightens his power grip on the country. After securing a precedent-breaking third term as head of China’s communist party, Xi shored up his dominance by stacking the Politburo Standing Committee with loyalists. The Politburo is China’s top governing body and analysts say the sea of allies… -
Elon Musk ‘overpaying’ to take Twitter private, these 5 went private too
When a company hits Wall Street by initial public offering (IPO), it is usually seen as a sign of strength. But sometimes, firms go the opposite direction by taking the company private again. SpaceX and Tesla CEO Elon Musk plans to take Twitter private as part of his $44 billion acquisition of the company. Musk… -
Does the US need a digital dollar? Fight drags on, other countries advance
For thousands of years, humans have used physical money to pay for goods and services. But in a time where people can answer an international call from a watch, do they really need that wad of cash? Or is it time for a digital dollar? In the U.S. and around the world, there’s growing movement… -
Lebron James’ son Bronny signs with Nike plus these 5 athletes cash in on NIL
College athletes are now able to cash in on their name, image and likeness (NIL) after the NCAA drafted new rules last year in response to a Supreme Court decision. National, regional and local brands are all paying big money for collegiate sports stars to promote their wares. Just this week, Nike signed its first… -
Wrong direction: Inflation still breaking records, core prices at 4-decade high
September consumer prices soared higher than expected, rising 0.4% on the month, the fastest pace since June. Overall annual inflation hit 8.2% in September, a hair lower than August’s 8.3% but a tick higher than the 8.1% economists expected. Months ago, food and energy was blamed for much of inflation, but September’s figures from the… -
Holiday deals in October? Amazon, Target, Walmart hope you’ll take the bait
The holiday creep is coming even earlier this year. It may only be October, but retailers are jumping in on the too-early holiday deals, featuring Black Friday discounts more than six weeks before the famous shopping day. The push is sparked in part by Amazon Prime’s new Early Access sale, where the company says Prime… -
World Bank President David Malpass rejects calls to resign over climate flub
World Bank President David Malpass found himself in the international hot seat after botching his answer responding to allegations he’s a climate denier. During New York City’s Climate Week in September, Malpass dodged a New York Times reporter’s repeated questions regarding the human impact on climate change. “Do you accept the scientific consensus that the… -
US adds 263,000 jobs in September as unemployment lowers to 3.5%
U.S. job growth slowed in September but still beat some economists’ expectations. The U.S. added 263,000 jobs for the month, down from August’s 315,000 nonfarm payroll gain and the lowest monthly gain since April 2021. But at the same time, unemployment unexpectedly ticked back down to 3.5%, matching a 5-decade low last seen in July.… -
Five times the Kardashian-Jenner clan got in legal trouble over promotions
The Kardashian-Jenner family is the biggest influencer collective in the world. Kris, Kim, Kylie, Kourtney, Khloe and Kendall have more than 1.2 billion followers combined. A profile that large allows the clan to make highly lucrative deals to promote pretty much anything, and we have the promos that landed them in legal hot water in this… -
Fed has no plan to cut rates next year despite market and global pressure
Multiple voices out of the Federal Reserve this week have made clear the central bank has no plans to cut rates next year, despite markets pricing it in. San Francisco Fed President Mary Daly is among those cautioning against a Fed pivot in policy. “I see us as raising to a level that we believe… -
How rising anti-ESG crusader Ramaswamy is shaking up corporate America
He’s anti-woke, anti-ESG and he’s hoping to shake up the corporate world. Activist investor Vivek Ramaswamy is putting money behind his mission to counter so-called “woke capitalism” with two new asset management funds backed by some big players. This year Ramaswamy launched Strive Asset Management, a conservative counter to funds like BlackRock. Backed by billionaires… -
Elon Musk agrees to buy Twitter at original $44 billion price
Elon Musk has agreed to buy Twitter for his original offer price of $54.20 per share. The offer puts an end to the 6-month saga that was heading for a contentious courtroom battle. According to a filing with the Securities and Exchange Commission, Musk’s legal team said they “intend to proceed to closing of the… -
If OPEC+ cuts oil production, Russia stands to benefit from higher prices
A powerful alliance of some of the world’s largest oil producers is considering a major cut in production, which some analysts say could push oil prices back up toward $100 a barrel. The news already sent Brent crude, the global benchmark, up 5% Monday morning. OPEC and OPEC+ members are set to meet in person…
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Trump asks Supreme Court to pause Tiktok ban
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Marc Fogel designated 'wrongfully detained'
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11 Illinois teens face charges for luring, beating victims using dating apps
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Migrant charged with murder and arson after NYC subway attack
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