Browsing: Business

China’s mutual fund industry sees record closures amid stock market downturn with 240 funds, mostly stock-focused, liquidated in 2023.

China meets its 5.2% 2023 growth target, but sees a first-in-30-years drop in dollar-denominated GDP, signaling economic slowdown.

Treasury yields spiked to a five-week high, propelled by solid retail sales and key remarks from the Federal Reserve.

JPMorgan names India as its key Asian market in 2024, due to the global “China plus one” manufacturing strategy, benefiting India’s economy.

China’s economy to grow at 5.2% in 2024, showing signs of resilience with improved factory output and retail sales in November.

In 2023, Germany’s economy saw a 0.3% decline, its first since the Covid-19 outbreak, amid various national challenges, per Destatis data.

Amidst a major industry shift, tech giants like Amazon, Google, and Duolingo are initiating large-scale layoffs. Discover the underlying reasons and implications of these workforce reductions.

Stocks see a slight uptick with the start of earnings season, as the Dow drops slightly, S&P 500 and Nasdaq gain, amidst inflation data.

In 2023, consumer spending remained robust despite ongoing inflation and rising interest rates, marking a significant trend in the economy.

Unity Software, a gaming technology company, announced the termination of 1,800 jobs, representing 25% of its workforce.