The Chinese economy still has a “steep hill to climb” despite a surprise pickup in exports and is unlikely to be bolstered by further fiscal stimulus, according to HSBC’s chief Asia economist.
Category: Finance News
Fine wine is maturing as an alternative asset class
Fine wine is becoming an increasingly lucrative medium-term investment, providing investors with an alternative source of returns. CNBC’s Karen Gilchrist provides a taste of the market.
Robinhood launches crypto trading service in the EU
Robinhood on Thursday launched its crypto service in the European Union, allowing users to buy and sell a range of over 25 digital currencies.
Why fine wine is whetting investors’ appetites
With low correlation to the global stock market, a good collection of fine wine can be an excellent accompaniment to your investment portfolio. CNBC’s Karen Gilchrist reports.
Stocks making the biggest moves after hours: Chewy, Verint, GameStop and more
These are the stocks posting the largest moves in extended trading.
Wall Street CEOs say proposed banking rules will hurt small businesses, low-income Americans
The heads of America’s largest banks, including JPMorgan Chase, Bank of America and Goldman Sachs are seeking to dull the impact of the new rules.
IRS rejects more than 20,000 refund claims for pandemic-related tax credit
The IRS is sending more than 20,000 rejection letters to taxpayers who wrongly claimed the employee retention tax credit. Here’s what filers need to know.
Stocks making the biggest moves midday: Asana, Brown-Forman, Shake Shack, Shopify and more
These are the stocks posting the largest moves in midday trading.
Private payrolls increased by 103,000 in November, below expectations, ADP says
Private sector job creation slowed further in November and wages showed their smallest growth in more than two years, ADP reported.
Bank of England warns that higher rates ‘have yet to come through’ to an already weak economy
The Bank of England warned on Wednesday warned that although household finances are faring better than expected, higher borrowing costs have yet to feed through to the economy.