National tourism revenue for the latest long-weekend holiday reached only 60.6% of 2019 levels, according to China’ Ministry of Culture and Tourism.
Category: Finance News
Inflation ‘collapse’ will launch powerful market rally, Credit Suisse predicts
Credit Suisse expects the Federal Reserve to pause interest rate hikes in four to six months due to tumbling inflation.
Goldman Sachs to kick off Wall Street layoff season with hundreds of job cuts this month
The bank is reinstating a tradition of annual employee culls targeting between 1% and 5% of lower performers in positions across the firm.
Stocks making the biggest moves midday: Bristol-Myers Squibb, Twitter, Gilead Sciences and more
These are the stocks posting the largest moves midday.
Falling gas prices are raising hopes that inflation is slowing, New York Fed survey shows
Respondents to the New York Fed survey indicated they expect the annual inflation rate to be 5.7% a year from now.
Taxpayers have just a few weeks left to claim their share of $1.2 billion in IRS fee refunds. Here’s how to take advantage
You may be eligible for IRS late penalty relief if you skipped tax returns during the pandemic. But you must file missing returns by Sept. 30 to qualify.
Stocks making the biggest moves premarket: Carvana, Bristol-Myers Squibb, Alphatec and more
These are the stocks posting the largest moves in premarket trading.
Goldman’s Apple Card business has a surprising subprime problem
Goldman’s consumer business has had a bumpy ride as of late, marked by mounting losses, leadership turnover and missed product deadlines.
JPMorgan Chase acquires payments fintech Renovite to help it battle Stripe and Block
While JPMorgan is the world’s biggest provider of merchant services, fast-growing upstarts including Stripe and Block have been climbing the rankings.
These Chinese stocks can benefit if the metaverse takes off, JPMorgan says
When it comes to futuristic concepts like the metaverse, JPMorgan analysts think they’ve found a strategy for selecting Chinese stock plays.